Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 22

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 22
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 and loss adjustment expense paid ratio [1]44.0 69.9 Loss and loss adjustment expense ratio62.8 79.1 Prior accident year development (pts) [2](2.5)(4.3)

[1]The “loss and loss adjustment expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums and fee income.

[2]“Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Current Accident Year Catastrophe Losses, Net of ReinsuranceThree Months Ended March 31, 2025Business InsurancePersonal InsuranceTotal [1]Wildfires [1]$153 $118 $271 Wind and hail44 61 105 Winter storms17 8 25 Catastrophes before assumed reinsurance214 187 401 Global assumed reinsurance business [1] [2]66 — 66 Total catastrophe losses$280 $187 $467 

[1]Catastrophe losses from the  January 2025 California Wildfire Event were $325, net of reinsurance, and included losses of $54 in the global assumed reinsurance business.

[2]Catastrophe losses incurred on global assumed reinsurance business are not covered under the Company's per occurrence and aggregate property catastrophe treaties. For further information on the treaty, refer to Enterprise Risk Management — Insurance Risk section of this MD&A.

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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

Unfavorable (Favorable) Prior Accident Year Development for theThree Months Ended March 31, 2025Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(65)$— $— $(65)Workers’ compensation discount accretion12 — — 12 General liability— — — — Marine— — — — Package business— — — — Commercial property(3)— — (3)Professional liability— — — — Bond— — — — Assumed reinsurance— — — — Automobile liability— (12)— (12)Homeowners— (18)— (18)Net asbestos and environmental ("A&E") reserves— — — — C