Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 31

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 2
Chunk 31
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$(171)

[1]Other reserve re-estimates, net for the six months ended June 30, 2024 includes a favorable change of $(14) in personal automobile physical damage reserves. 

[2]The $61 change in deferred gain on retroactive reinsurance for the six months ended June 30, 2024 is related to amortization of the Navigators ADC deferred gain under retroactive reinsurance accounting. 

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

For discussion of the factors contributing to unfavorable (favorable) prior accident year reserve development for 2024, please refer to Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements. 

Reportable Segment And Corporate Operating Summaries

Business Insurance - Results of Operations

Underwriting Summary

Three Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangeWritten premiums$3,816 $3,540 8 %$7,502 $6,902 9 %Change in unearned premium reserve392 419 (6 %)754 733 3 %Earned premiums3,424 3,121 10 %6,748 6,169 9 %Fee income11 11 — %22 22 — %Losses and loss adjustment expensesCurrent accident year before catastrophes1,952 1,750 12 %3,843 3,475 11 %Current accident year catastrophes [1]114 155 (26 %)394 264 49 %Prior accident year development [1](146)(81)(80 %)(229)(137)(67)%Total losses and loss adjustment expenses1,920 1,824 5 %4,008 3,602 11 %Amortization of DAC546 489 12 %1,077 965 12 %Insurance operating costs507 484 5 %1,019 971 5 %Amortization of other intangible assets7 7 — %14 14 — %Dividends to policyholders11 9 22 %21 19 11 %Underwriting gain444 319 39 %631 620 2 %Net investment income [