Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1329

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1329
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71 — 71 Total catastrophe losses$436 $240 $676 

[1]Catastrophe losses incurred on global assumed reinsurance business are not covered under the Company's aggregate property catastrophe treaty. For further information on the treaty, refer to Enterprise Risk Management — Insurance Risk section of this MD&A.

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Unfavorable (Favorable) Prior Accident Year Development for the Year Ended December 31, 2023Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(236)$— $— $(236)Workers’ compensation discount accretion42 — — 42 General liability41 — — 41 Marine(2)— — (2)Package business(24)— — (24)Commercial property(7)— — (7)Professional liability(2)— — (2)Bond(27)— — (27)Assumed reinsurance34 — — 34 Automobile liability20 — — 20 Homeowners— (6)— (6)Net asbestos and environmental reserves [1]— — — — Catastrophes(83)(4)— (87)Uncollectible reinsurance7 1 5 13 Other reserve re-estimates, net [2]12 20 25 57 Prior accident year development before change in deferred gain(225)11 30 (184)Change in deferred gain on retroactive reinsurance included in other liabilities [1]— — 194 194 Total prior accident year development$(225)$11 $224 $10 

[1]The year ended December 31, 2023 included $194 of adverse development on net asbestos and environmental reserves that was ceded to NICO but for which the Company recorded a deferred gain on retroactive reinsurance.

[2]Other reserve re-estimates for the year ended December 31, 2023 includes a $22 increase in personal automobile physical damage reserves.  

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Loss