Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1628

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1628
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 on retroactive reinsurance included inother liabilities— — (229)(229)Payments(4,684)(2,142)(276)(7,102)Foreign currency adjustment(32)— — (32)Ending liabilities for unpaid losses and loss adjustment expenses, net23,879 1,829 910 26,618 Reinsurance and other recoverables 4,574 28 1,863 6,465 Ending liabilities for unpaid losses and loss adjustment expenses, gross $28,453 $1,857 $2,773 $33,083 Earned premiums and fee income$10,610 $2,979 Loss and loss adjustment expense paid ratio [1]44.1 71.9 Loss and loss adjustment expense ratio58.4 73.4 Prior accident year development (pts) [2](2.2)(0.4)

[1]The “loss and loss adjustment expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums and fee income.

[2]“Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Current Accident Year Catastrophe Losses for the Year Ended December 31, 2022, Net of ReinsuranceBusiness InsurancePersonal InsuranceTotalWind and hail$107 $104 $211 Winter storms [1]163 21 184 Hurricanes and Tropical Storms [2]74 80 154 Wildfires— 3 3 Ukraine conflict [3]23 — 23 Other international1 — 1 Catastrophes before assumed reinsurance368 208 576 Global assumed reinsurance business [1] [2] [3]73 — 73 Total catastrophe losses$441 $208 $649 

[1]Includes losses from Winter Storm Elliott of $167, including $3 in the global assumed reinsurance business. Gross losses from Winter Storm Elliott of $202 were partially offset by a $35 reinsurance recoverable since, under a per occurrence property catastrophe treaty layer covering losses from earthquakes and named storms other than hurricanes and tropical storms, the Company is able to cede 70% of up to $250 in excess of a $100 attachment point subject to a $50 annual aggregate deductible.

[2]Includes losses from Hurricane Ian of $186, net of reinsurance, including $35 of hurricane losses in the global assumed