Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 527

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 527
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1)(63)(55)(2)(57)(56)(1)(57)Current period gross recoveries6 — 6 7 — 7 10 — 10 Ending ACL$97 $20 $117 $89 $20 $109 $85 $24 $109 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 8 - ReinsuranceTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

8. REINSURANCE The Company cedes insurance risk to reinsurers to enable the Company to manage capital and risk exposure. Such arrangements do not relieve the Company of its primary liability to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company's procedures include carefully selecting its reinsurers, structuring agreements to provide collateral funds where necessary, and regularly monitoring the financial condition and ratings of its reinsurers. The Company has two ADC reinsurance agreements in place, both of which are accounted for as retroactive reinsurance and have exhausted their treaty limit. One agreement covered substantially all A&E reserve development for 2016 and prior accident years ("A&E ADC") up to an aggregate limit of $1.5 billion and the other covered substantially all reserve development of Navigators Insurance Company ("NIC") and certain of its affiliates for 2018 and prior accident years (the "Navigators ADC") up to an aggregate limit of $300. As the Company has ceded all of the $300 and $1.5 billion available limits under the Navigators ADC and the A&E ADC, respectively, there is no remaining limit available under either agreement as of December 31, 2024. For more information on ADC agreements, see Note 1 - Basis of Presentation and Significant Accounting Policies, and Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses. Property and Casualty ceded losses, which reduce losses and loss adjustment expenses incurred, were $1,241, $1,043 and $1,338 for the years ended December 31, 2024, 2023 and 2022, respectively.Employee Benefits ceded losses, which reduce losses and loss adjustment expenses incurred, were $120, $93 and $81 for the years ended December 31, 2024, 2023 and 2022, respectively.Reinsurance RecoverablesReinsurance recoverables