Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 367

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 367
---
 InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(236)$— $— $(236)Workers’ compensation discount accretion42 — — 42 General liability41 — — 41 Marine(2)— — (2)Package business(24)— — (24)Commercial property(7)— — (7)Professional liability(2)— — (2)Bond(27)— — (27)Assumed reinsurance34 — — 34 Automobile liability20 — — 20 Homeowners— (6)— (6)Net asbestos and environmental reserves [1]— — — — Catastrophes(83)(4)— (87)Uncollectible reinsurance7 1 5 13 Other reserve re-estimates, net [2]12 20 25 57 Prior accident year development before change in deferred gain(225)11 30 (184)Change in deferred gain on retroactive reinsurance included in other liabilities [1]— — 194 194 Total prior accident year development$(225)$11 $224 $10 

[1]The year ended December 31, 2023 included $194 of adverse development on net asbestos and environmental reserves that was ceded to NICO but for which the Company recorded a deferred gain on retroactive reinsurance.

[2]Other reserve re-estimates for the year ended December 31, 2023 includes a $22 increase in personal automobile physical damage reserves.  

62

|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for the Year Ended December 31, 2022 

 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$26,906 $1,844 $2,699 $31,449 Reinsurance and other recoverables4,480 37 1,564 6,081 Beginning liabilities for unpaid losses and loss adjustment expenses, net22,426 1,807 1,135 25,368 Provision for unpaid losses and loss adjustment expensesCurrent accident