Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1624

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1624
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)(3.1)

[1]The “loss and loss adjustment expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums and fee income.

[2]“Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Current Accident Year Catastrophe Losses for the Year Ended December 31, 2024, Net of ReinsuranceBusiness InsurancePersonal InsuranceTotalWind and hail$210 $190 $400 Winter storms52 18 70 Hurricanes and tropical storms [1]136 64 200 Wildfires1 10 11 Other international1 — 1 Catastrophes before assumed reinsurance400 282 682 Global assumed reinsurance business [2]86 — 86 Total catastrophe losses$486 $282 $768 

[1]Includes losses from Hurricane Helene of $121, net of reinsurance, including $20 of hurricane losses in the global assumed reinsurance business.

[2]Catastrophe losses incurred on global assumed reinsurance business are not covered under the Company's aggregate property catastrophe treaty. For further information on the treaty, refer to Enterprise Risk Management — Insurance Risk section of this MD&A.

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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

Unfavorable (Favorable) Prior Accident Year Development for the Year Ended December 31, 2024Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(258)$— $— $(258)Workers’ compensation discount accretion44 — — 44 General liability211 — — 211 Marine(1)— — (1)Package business(6)— — (6)Commercial property(7)— — (7)Professional liability(27)— — (27)Bond(56)— — (56)Assumed reinsurance24 — — 24 Automobile liability47 (30)— 17 Homeowners— (28)— (28)Net asbestos and environmental reserves [1]— — 141 141 Catastrophes(67)(20)— (87)Uncollectible reinsurance(7)— (12)(19)Other reserve re-estimates, net [2]17