Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 295

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 295
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 $20 $109 Current period provision70 3 73 46 2 48 Current period write-offs(57)— (57)(44)(1)(45)Current period recoveries5 — 5 5 — 5 Ending ACL$115 $23 $138 $96 $21 $117 

8. ReinsuranceThe 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.Reinsurance RecoverablesReinsurance recoverables include balances due from reinsurance companies and are presented net of an allowance for uncollectible reinsurance. Reinsurance recoverables include an estimate of the amount of gross losses and LAE reserves that may be ceded under the terms of the reinsurance agreements, including incurred but not reported ("IBNR") unpaid losses. The Company’s estimate of losses and LAE reserves ceded to reinsurers is based on assumptions that are consistent with those used in establishing the gross reserves for amounts the Company owes to its claimants. The Company estimates its ceded reinsurance recoverables based on the terms of any applicable facultative and treaty reinsurance, including an estimate of how IBNR unpaid losses will ultimately be ceded under reinsurance agreements. Accordingly, the Company’s estimate of reinsurance recoverables is subject to similar risks and uncertainties as the estimate of the gross reserve for unpaid losses and loss adjustment expenses.Reinsurance Recoverables by Credit Quality IndicatorAs of September 30, 2025As of December 31, 2024P&CEmployee Benefits CorporateTotalP&CEmployee Benefits CorporateTotalA.M. Best Financial Strength RatingA++$2,188 $— $— $2,188 $2,271 $— $— $2,271 A+2,271 280 221 2,772 2,169 281 224 2,674 A751 1 — 752 829 1 — 830 A-612 3 — 615 622 4 — 626 B++2 — 2 4 2 — 2 4 Below