Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 42

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 2
Chunk 42
---
 year catastrophe losses decreased in the three month period and increased in the six month period. CAY catastrophe losses for the three months ended June 30, 2025 included losses from tornado, wind and hail events across several regions, but concentrated in the South and Midwest regions. CAY catastrophe losses for the  six months ended June 30, 2025 included a loss of $114, net of reinsurance, from the January 2025 California Wildfire Event, as well as losses from tornado, wind and hail events primarily in the South and Midwest regions. CAY catastrophe losses for 2024 included tornado, wind and hail events mainly in the Midwest and South regions, as well as winter storms in the Pacific and South regions.Prior accident year development was favorable for both the three and six months ended June 30, 2025, primarily driven by lower estimated severity on homeowners, automobile physical damage, automobile liability, and catastrophes. Prior accident year development was favorable for the three and six months ended June 30, 2024, primarily driven by lower estimated severity on automobile physical damage, automobile liability, and homeowners.

83

Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Property & Casualty Other Operations - Results of Operations

Underwriting Summary

 Three Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangeLosses and loss adjustment expensesPrior accident year development [1]$— $— — %$— $7 (100)%Total losses and loss adjustment expenses— — — %— 7 (100)%Insurance operating costs2 2 — %4 4 — %Underwriting loss(2)(2)— %(4)(11)64 %Net investment income [2]19 19 — %37 37 — %Net realized losses [2](2)(3)33 %(2)(3)33 % Income before income taxes15 14 7 %31 23 35 %Income tax expense [3]2 3 (33 %)5 4 25 %Net income$13 $11 18 %$26 $19 37 %

[1]For additional information on prior accident year development, see Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Cond