Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1333

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1333
---
 Assumed Reinsurance444 65 509 Total 1,859 437 2,296 Ceded- other than NICO(474)(60)(534)Total net reserves, before ceded losses to NICO and intersegment balances$1,385 $377 1,762 Ceded - NICO A&E ADC "Run-off" and intersegment balances [1](1,538)Net$224 

[1]Including $1,538 of ceded losses for Run-off A&E and a $38 reduction in ceded losses for Business Insurance and Personal Insurance, cumulative net incurred losses of $1,500 have been ceded to NICO under an adverse development cover reinsurance agreement. See the section that follows entitled A&E Adverse Development Cover for additional information.

Rollforward of Run-off A&E Losses and LAE

AsbestosEnvironmentalTotal Run-off A&E2024  Beginning net reserves before reinsurance recoverable from NICO$1,337 $387 $1,724 Losses and loss adjustment expenses incurred before ceding to NICO A&E ADC167 36 203 Losses and loss adjustment expenses paid(120)(49)(169)Reclassification of allowance for uncollectible reinsurance [1]1 3 4 Ending net reserves before reinsurance recoverable from NICO and intersegment balances$1,385 $377 1,762 Reinsurance recoverable from NICO A&E ADC and intersegment balances(1,538)Ending net reserves $224 2023  Beginning net reserves before reinsurance recoverable from NICO$1,298 $374 $1,672 Losses and loss adjustment expenses incurred before ceding to NICO A&E ADC156 38 194 Losses and loss adjustment expenses paid(120)(25)(145)Reclassification of allowance for uncollectible reinsurance [1]3 — 3 Ending net reserves before reinsurance recoverable from NICO and intersegment balances$1,337 $387 1,724 Reinsurance recoverable from NICO A&E ADC and intersegment balances(1,476)Ending net reserves$248 2022  Beginning net reserves before reinsurance recoverable from NICO$1,263 $394 $1,657 Losses and loss adjustment expenses incurred before ceding to NICO A&E ADC161 68 229 Losses and loss adjustment