Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 288

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 8
Chunk 288
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 an estimate of the amount of gross losses and LAE reserves that may be ceded under the terms of the reinsurance agreements, including incurred but not reported ("IBNR") unpaid losses. The Company’s estimate of losses and LAE reserves ceded to reinsurers is based on assumptions that are consistent with those used in establishing the gross reserves for amounts the Company owes to its claimants. The Company estimates its ceded reinsurance recoverables based on the terms of any applicable facultative and treaty reinsurance, including an estimate of how IBNR unpaid losses will ultimately be ceded under reinsurance agreements. Accordingly, the Company’s estimate of reinsurance recoverables is subject to similar risks and uncertainties as the estimate of the gross reserve for unpaid losses and loss adjustment expenses.Reinsurance Recoverables by Credit Quality IndicatorAs of June 30, 2025As of December 31, 2024P&CEmployee Benefits CorporateTotalP&CEmployee Benefits CorporateTotalA.M. Best Financial Strength RatingA++$2,200 $— $— $2,200 $2,271 $— $— $2,271 A+2,257 283 217 2,757 2,169 281 224 2,674 A755 1 — 756 829 1 — 830 A-615 3 — 618 622 4 — 626 B++2 — 2 4 2 — 2 4 Below B++22 — — 22 22 — — 22 Total Rated by A.M. Best5,851 287 219 6,357 5,915 286 226 6,427 Mandatory (Assigned) and Voluntary Risk Pools204 — — 204 205 — — 205 Captives425 — — 425 402 — — 402 Other not rated companies183 6 — 189 176 5 — 181 Gross Reinsurance Recoverables6,663 293 219 7,175 6,698 291 226 7,215 Allowance for uncollectible reinsurance(72)(1)(2)(75)(72)(1)(2)(75)Net Reinsurance Recoverables$6,591 $292 $217 $7,100 $6,626 $290