Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1364

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1364
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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

RiskDefinitionDetails and Company LimitsNatural catastropheExposure arising from natural phenomena (e.g., earthquakes, wildfires, etc.) that create a concentration or aggregation of loss across the Company's insurance or asset portfolios and the inherent volatility of weather or climate pattern changes. The Company generally limits its estimated before tax loss as a result of natural catastrophes for property & casualty exposures from a single 250-year event to less than 30% of the reported capital and surplus of the property and casualty insurance subsidiaries prior to reinsurance and to less than 15% of the reported capital and surplus of the property and casualty insurance subsidiaries after reinsurance. The Company generally limits its estimated before tax loss from an aggregation of multiple natural catastrophe events for an all-peril annual aggregate 100-year event to less than 18% reported capital and surplus of the property and casualty insurance subsidiaries after reinsurance. From time to time the estimated loss from natural catastrophes may fluctuate above or below these limits due to changes in modeled loss estimates, exposures or statutory surplus. [1]The table below represents the estimated before tax catastrophe loss exceedance probabilities, from an aggregate of all catastrophe events occurring in a one-year timeframe before and after reinsurance and from a single hurricane or earthquake occurrence.Modeled Loss Gross and Net of Reinsurance [2]Probability of Loss Exceedance [3]Gross of ReinsuranceNet of ReinsuranceAggregate annual all-peril (1-in-100) (1.0%)$2,837 $1,629 Aggregate annual all-peril (1-in-250) (0.4%)$3,826 $2,279 Hurricane single occurrence (1-in-100) (1.0%)$1,577 $628 Hurricane single occurrence (1-in-250) (0.4%)$2,447 $1,224 Earthquake single occurrence (1-in-100) (1.0%)$988 $503 Earthquake single occurrence (1-in-250) (0.4%)$1,652 $720 TerrorismThe risk of losses from terrorist attacks, including losses caused by single-site and multi-site conventional attacks, as well as the potential for attacks using nuclear, biological, chemical or radiological weapons (“NBCR”). Enterprise limits for terrorism apply to aggregations of risk across property &