Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 42

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 42
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 from the Ukraine conflict were $27, net of reinsurance, including $4 within global assumed reinsurance, all in the first quarter, which included exposures under political violence and terrorism policies, including aviation war, as well as credit and political risk insurance policies.

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

Unfavorable (Favorable) Prior Accident Year Development for the Year Ended December 31, 2022Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(204)$— $— $(204)Workers’ compensation discount accretion36 — — 36 General liability25 — 31 56 Marine2 — — 2 Package business(39)— — (39)Commercial property(11)— — (11)Professional liability(11)— — (11)Bond(32)— — (32)Assumed reinsurance19 — — 19 Automobile liability38 (14)— 24 Homeowners— (1)— (1)Net asbestos and environmental reserves [1]— — — — Catastrophes(60)(2)— (62)Uncollectible reinsurance(1)(2)6 3 Other reserve re-estimates, net 7 6 14 27 Prior accident year development before change in deferred gain(231)(13)51 (193)Change in deferred gain on retroactive reinsurance included in other liabilities [1]— — 229 229 Total prior accident year development$(231)$(13)$280 $36 

[1]The year ended December 31, 2022 included $229 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.

For discussion of the factors contributing to unfavorable (favorable) for the prior accident year reserve development 2024, 2023, and 2022 periods, refer to Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements. 

|PROPERTY & CASUALTY OTHER OPERATIONS

Net reserves and reserve activity in Property & Casualty Other Operations are categorized and reported as asbestos, environmental, and “all other”. The “