Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 60

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 60
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%Change in unearned premium reserve145 111 12 31 %NMEarned premiums3,453 3,087 2,949 12 %5 %Fee income33 30 30 10 %— %Losses and loss adjustment expensesCurrent accident year before catastrophes2,351 2,287 1,969 3 %16 %Current accident year catastrophes [1]282 240 208 18 %15 %Prior accident year development [1](108)11 (13)NMNMTotal losses and loss adjustment expenses2,525 2,538 2,164 (1 %)17 %Amortization of DAC255 231 228 10 %1 %Insurance operating costs673 576 594 17 %(3 %)Amortization of other intangible assets2 2 2 — %— %Underwriting gain (loss)31 (230)(9)NMNMNet investment income [2]222 171 140 30 %22 %Net realized losses [2](14)(16)(35)13 %54 %Net servicing and other income (expense) [3]18 21 17 (14 %)24 %Income (loss) before income taxes257 (54)113 NMNMIncome tax expense (benefit) [4]49 (15)22 NMNMNet income (loss)$208 $(39)$91 NMNM

[1]For discussion of current accident year catastrophes and prior accident year development, see MD&A - Critical Accounting Estimates, Property and Casualty Insurance Product Reserves, Net of Reinsurance and Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]Includes servicing revenues of $85, $81, and $73 for 2024, 2023, 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