Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 115

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 115
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— $2,271 A+2,188 286 220 2,694 2,169 281 224 2,674 A838 1 — 839 829 1 — 830 A-619 4 — 623 622 4 — 626 B++2 — 2 4 2 — 2 4 Below B++22 — — 22 22 — — 22 Total Rated by A.M. Best5,919 291 222 6,432 5,915 286 226 6,427 Mandatory (Assigned) and Voluntary Risk Pools208 — — 208 205 — — 205 Captives419 — — 419 402 — — 402 Other not rated companies195 6 — 201 176 5 — 181 Gross Reinsurance Recoverables6,741 297 222 7,260 6,698 291 226 7,215 Allowance for uncollectible reinsurance(72)(1)(2)(75)(72)(1)(2)(75)Net Reinsurance Recoverables$6,669 $296 $220 $7,185 $6,626 $290 $224 $7,140 Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods, generally 30, 60 or 90 days. To manage reinsurer credit risk, a reinsurance security review committee evaluates the credit standing, financial performance, management and operational quality of each potential reinsurer. In placing reinsurance, the Company considers the nature of the risk reinsured, including the expected liability payout duration, and establishes limits tiered by reinsurer credit rating.Where its contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured trusts, funds held accounts and group wide offsets. As part of its reinsurance recoverable review, the Company analyzes recent developments in commutation activity between reinsurers and cedants, recent trends in arbitration and litigation outcomes in disputes between cedants and reinsurers and the overall credit quality of the Company’s reinsurers.Due to the inherent uncertainties as to collection and the length of time before reinsurance recoverables become due, it is possible