Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 699

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 9B
Chunk 699
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 Quality IndicatorAs of December 31, 2024As of December 31, 2023P&CEmployee Benefits CorporateTotalP&CEmployee Benefits CorporateTotalAM Best Financial Strength RatingA++$2,271 $— $— $2,271 $2,398 $— $— $2,398 A+2,169 281 224 2,674 2,030 251 241 2,522 A829 1 — 830 810 1 — 811 A-622 4 — 626 653 5 — 658 B++2 — 2 4 2 — 3 5 Below B++22 — — 22 22 — — 22 Total Rated by AM Best5,915 286 226 6,427 5,915 257 244 6,416 Mandatory (Assigned) and Voluntary Risk Pools205 — — 205 208 — — 208 Captives402 — — 402 353 — — 353 Other not rated companies176 5 — 181 226 4 — 230 Gross Reinsurance Recoverables6,698 291 226 7,215 6,702 261 244 7,207 Allowance for uncollectible reinsurance(72)(1)(2)(75)(100)(1)(2)(103)Net Reinsurance Recoverables$6,626 $290 $224 $7,140 $6,602 $260 $242 $7,104 Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods, generally 30, 60 or 90 days. To manage reinsurer credit risk, a reinsurance security review committee evaluates the credit standing, financial performance, management and operational quality of each potential reinsurer. In placing reinsurance, the Company considers the nature of the risk reinsured, including the expected liability payout duration, and establishes limits tiered by reinsurer credit rating.Where its contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 8 - ReinsuranceTHE HART