Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 200

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 200
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, and Northeast regions. CAY catastrophe losses for the nine months ended September 30, 2024 included losses from tornado, wind and hail events in several regions of the United States, and to a lesser extent, from hurricanes and tropical storms primarily in the Southeast region.Prior accident year development was favorable for both the three and nine month periods, primarily driven by lower estimated severity on automobile liability, homeowners, automobile physical damage, and, for the nine month period, catastrophes. Prior accident year development was favorable for the three and nine months ended September 30, 2024, primarily driven by lower estimated severity on automobile physical damage and homeowners, and for the nine month period, automobile liability and catastrophes. 

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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

Property & Casualty Other Operations - Results of Operations

Underwriting Summary

 Three Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeLosses and loss adjustment expensesPrior accident year development [1]$— $— —%$— $7 (100%)Total losses and loss adjustment expenses— — —%— 7 (100%)Insurance operating costs2 3 (33%)6 7 (14%)Underwriting loss(2)(3)33%(6)(14)57%Net investment income [2]19 18 6%56 55 2%Net realized losses [2]— — —%(2)(3)33%Other income (expenses)(1)(4)75%(1)(4)75% Income before income taxes16 11 45%47 34 38%Income tax expense [3]4 1 NM9 5 80%Net income$12 $10 20%$38 $29 31%

[1]For additional information on prior accident year development, see Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Net income  Three and nine months ended September 30, 2025 compared to 2024 Net income increased in both the three and nine month periods,