Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 44

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 44
---
387 $1,724 Losses and loss adjustment expenses incurred before ceding to NICO A&E ADC167 36 203 Losses and loss adjustment expenses paid(120)(49)(169)Reclassification of allowance for uncollectible reinsurance [1]1 3 4 Ending net reserves before reinsurance recoverable from NICO and intersegment balances$1,385 $377 1,762 Reinsurance recoverable from NICO A&E ADC and intersegment balances(1,538)Ending net reserves $224 2023  Beginning net reserves before reinsurance recoverable from NICO$1,298 $374 $1,672 Losses and loss adjustment expenses incurred before ceding to NICO A&E ADC156 38 194 Losses and loss adjustment expenses paid(120)(25)(145)Reclassification of allowance for uncollectible reinsurance [1]3 — 3 Ending net reserves before reinsurance recoverable from NICO and intersegment balances$1,337 $387 1,724 Reinsurance recoverable from NICO A&E ADC and intersegment balances(1,476)Ending net reserves$248 2022  Beginning net reserves before reinsurance recoverable from NICO$1,263 $394 $1,657 Losses and loss adjustment expenses incurred before ceding to NICO A&E ADC161 68 229 Losses and loss adjustment expenses paid(128)(89)(217)Reclassification of allowance for uncollectible reinsurance [1]2 1 3 Ending net reserves before reinsurance recoverable from NICO and intersegment balances$1,298 $374 1,672 Reinsurance recoverable from NICO A&E ADC and intersegment balances(1,282)Ending liability — net$390 

[1]Related to the reclassification of an allowance for uncollectible reinsurance from the "all other" category of P&C Other Operations reserves.

A&E Adverse Development CoverEffective December 31, 2016, the Company entered into an A&E ADC reinsurance agreement with NICO to reduce uncertainty about potential adverse development. Under the A&E ADC, the Company paid a reinsurance premium of $650 for NICO to assume adverse net loss and allocated loss adjustment expense reserve development up to $1.5 billion above the Company’s existing net A&E reserves as of December 31, 2016 of approximately