Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 40

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 2
Chunk 40
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9 Prior accident year development3.0 3.1 (0.1)3.4 2.4 1.0 Underlying combined ratio95.2 104.9 (9.7)95.7 104.7 (9.0)HomeownersCombined ratio94.4 114.5 (20.1)113.1 105.6 7.5 Adjustment to reconcile combined ratio to underlying combined ratio:Current accident year catastrophes(28.8)(40.4)11.6 (45.6)(29.8)(15.8)Prior accident year development7.1 3.7 3.4 6.4 1.6 4.8 Underlying combined ratio72.7 77.8 (5.1)73.9 77.4 (3.5)

Net income (loss) Three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024Net income of $91 for the three months ended June 30, 2025 improved from a loss in the prior year period, and increased for the six months ended June 30, 2025, largely driven by improved underwriting results and, to a lesser extent, from an increase in net investment income. Underwriting gain (loss) Three and six months ended June 30, 2025 compared to the three and six months ended June 30, 2024Underwriting gain for the three and six months ended June 30, 2025 changed from an underwriting loss primarily due to the effect of an increase in earned premium due to renewal price increases and greater favorable prior accident year development. Current accident year catastrophe losses were lower for the three month period and higher for the six month period.Expense ratio for the three months ended June 30, 2025 decreased primarily due to the effect of an increase in earned premium due to renewal written price increases, partially offset by a higher commission ratio due to business mix. The expense ratio for the six months ended June 30, 2025 increased slightly due to a higher commission ratio due to business mix, partially offset by the effect of an increase in earned premium due to renewal written price increases.

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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

Earned Premiums Written