Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 203

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 203
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able is not limited to the financial strength of each pool. The mandatory pools generally are funded through policy assessments or surcharges and if any participant in the pool defaults, remaining liabilities are apportioned among the other members.The Company's evaluation of the required ACL for reinsurance recoverables considers the current economic environment as well as macroeconomic scenarios similar to the approach used to estimate the ACL for mortgage loans. See Note 5 - Investments. Insurance companies, including reinsurers, are regulated and hold risk-based capital ("RBC") to mitigate the risk of loss due to economic factors and other risks. Non-U.S. reinsurers are either subject to a capital regime substantively equivalent to domestic insurers or we hold collateral to support collection of reinsurance recoverables. As a result, there is limited history of losses from insurer defaults. In 2024, the ACL was reduced due to a decrease in a previously established reserve for an A&E reinsurer that entered liquidation proceedings.Allowance for Uncollectible ReinsuranceAs of December 31, 2024As of December 31, 2023As of December 31, 2022P&C beginning allowance for uncollectible reinsurance$100 $102 $96 Beginning allowance for disputed amounts57 60 54 P&C beginning ACL43 42 42 Current period provision(6)3 — Current period gross write-offs(13)(2)— P&C ending ACL24 43 42 Ending allowance for disputed amounts48 57 60 P&C ending allowance for uncollectible reinsurance72 100 102 Employee Benefits allowance for uncollectible reinsurance1 1 1 Corporate allowance for uncollectible reinsurance2 2 2 Total allowance for uncollectible reinsurance$75 $103 $105 

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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)

Insurance RevenuesProperty and Casualty Insurance Revenue For the years ended December 31,Premiums Written202420232022Direct$17,622 $16,144 $14,891 Assumed1,102 975 718 Ceded(1,775)(1,642)(1,490)Net$16,949 $15,477 $14,119 Premiums Earned   Direct$16,