Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1625

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1625
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 (30)28 15 Prior accident year development before change in deferred gain(86)(108)157 (37)Change in deferred gain on retroactive reinsurance included in other liabilities [1][3](145)— 62 (83)Total prior accident year development$(231)$(108)$219 $(120)

[1]The 2024 A&E reserve review resulted in an increase in reserves before ADC reinsurance of $203, for which $62 was recorded as a deferred gain on retroactive reinsurance.

[2]Other reserve re-estimates for the year ended December 31, 2024 includes a $32 decrease in personal automobile physical damage reserves.

[3] The change in deferred gain on retroactive reinsurance for the year ended December 31, 2024, included a benefit for amortization of the Navigators ADC deferred gain of $145.

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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

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for the Year Ended December 31, 2023 

 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$28,453 $1,857 $2,773 $33,083 Reinsurance and other recoverables4,574 28 1,863 6,465 Beginning liabilities for unpaid losses and loss adjustment expenses, net23,879 1,829 910 26,618 Provision for unpaid losses and loss adjustment expensesCurrent accident year before catastrophes6,575 2,287 — 8,862 Current accident year catastrophes436 240 — 676 Prior accident year development(225)11 224 10 Total provision for unpaid losses and loss adjustment expenses6,786 2,538 224 9,548 Change in deferred gain on retroactive reinsurance included inother liabilities— — (194)(194)Payments [1](6,101)(2,327)(214)(8,642)Foreign currency adjustment18 — — 18 Ending liabilities for unpaid losses and loss adjustment expenses, net 24,582 2,040 726 27,348 Reinsurance and other recoverables4,599 28 2,069