Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 26

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 26
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2)50 % Income before income taxes599 702 (15)% Income tax expense [4]122 129 (5)%Net income$477 $573 (17)%

[1]For additional information on current accident year catastrophes and prior accident year development, see MD&A - Critical Accounting Estimates, Property and Casualty Insurance Product Reserves Development, Net of Reinsurance and 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]Includes integration costs in connection with the 2019 acquisition of Navigators Group.

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

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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

Premium Measures

Three Months Ended March 31,20252024Small Business:Net new business premium$298 $268 Policy count retention84 %85 %Renewal written price increases6.2 %5.7 %Renewal earned price increases7.4 %5.1 %Policies in-force as of end of period (in thousands)1,591 1,512 Middle and Large Business [1]:Net new business premium$188 $174 Premium retention81 %83 %Renewal written price increases 7.0 %7.1 %Renewal earned price increases7.3 %7.4 %Global Specialty:Global specialty gross new business premium [2]$225 $223 Renewal written price increases [3]6.2 %6.0 %Renewal earned price increases [3]6.5 %5.4 %

[1]Except for net new business premium, metrics for middle market exclude loss sensitive and programs businesses.

[2]Excludes Global Re and is before ceded reinsurance. 

[3]Excludes Global Re, offshore energy policies, credit and political risk insurance ("CPRI") policies, political violence and terrorism ("PV&T") policies, and any business under which the managing agent of our Lloyd's Syndicate delegates underwriting authority to coverholders and other third parties.

Underwriting Ratios

Three Months Ended March 31,202