Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 388

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 388
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, and 2022, respectively and includes servicing expenses of $66, $60, and $55 for 2024, 2023, and 2022, respectively.

[4]For discussion of income taxes, see Note 16 - Income Taxes of Notes to Consolidated Financial Statements.

Written and Earned Premiums

Written Premiums202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Product LineAutomobile$2,456 $2,213 $2,020 11 %10 %Homeowners1,142 985 941 16 %5 %Total$3,598 $3,198 $2,961 13 %8 %Earned Premiums  Product Line  Automobile$2,401 $2,134 $2,025 13 %5 %Homeowners1,052 953 924 10 %3 %Total$3,453 $3,087 $2,949 12 %5 %

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Premium Measures

202420232022Policies in-force end of period (in thousands)Automobile1,171 1,257 1,323 Homeowners712 704 740 New business written premiumAutomobile$314 $224 $227 Homeowners$200 $93 $74 Policy count retention  Automobile83 %85 %84 %Homeowners84 %84 %84 %Effective policy count retentionAutomobile80 %83 %86 %Homeowners83 %84 %85 %Renewal written price increaseAutomobile22.1 %16.3 %4.5 %Homeowners14.8 %14.2 %10.7 %Renewal earned price increaseAutomobile21.4 %10.5 %3.2 %Homeowners14.7 %12.9 %8.9 %

Underwriting Ratios

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Loss and loss adjustment expense ratio73.1 82.