Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 41

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 41
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 particular risks or specific lines of business.Reinsurance for Catastrophes- The Company utilizes various reinsurance programs to mitigate catastrophe losses including excess of loss occurrence-based treaties covering property and workers’ compensation, a catastrophe bond, an aggregate property catastrophe treaty, and individual risk agreements (including facultative reinsurance) that reinsure losses from specific classes or lines of business. The occurrence property catastrophe treaty and workers’ compensation catastrophe treaties beginning with the January 1, 2021 renewal do not cover pandemic losses, as most industry reinsurance programs exclude communicable disease. The Company has reinsurance in place to cover individual group life losses in excess of $1 per person.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Primary Catastrophe Treaty Reinsurance Coverages as of March 31, 2025 [1]

Portion of losses reinsuredPortion of losses retained by The HartfordPer Occurrence Property Catastrophe Treaty from 1/1/2025 to 12/31/2025 [1] [2]Losses of $0 to $200None100% retainedLosses of $200 to $350 for earthquakes and named hurricanes and tropical storms [3]None100% retainedLosses of $200 to $350 from one event other than earthquakes and named hurricanes and tropical storms [3]40% of $150 in excess of $20060% co-participationLosses of $350 to $500 from one event (all perils)75% of $150 in excess of $35025% co-participationLosses of $500 to $1.20 billion from one event [4] (all perils)90% of $700 in excess of $50010% co-participationPer Occurrence Property Catastrophe Bond from 1/1/2025 to 12/31/2026 [5]Losses of $1.19 billion to $1.49 billion for tropical cyclone and earthquake events [6]66.67% of $300 in excess of $1.19 billion33.33% of $300 in excess of $1.19 billionAggregate Property Catastrophe Treaty for 1/1/2025 to 12/31/2025 [7]$0 to $750 of aggregate lossesNone100% Retained$750 to $950 of aggregate losses100%NoneWorkers' Compensation Catastrophe Treaty for 1/1/2025