Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 295

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 8
Chunk 295
---
838 7,920 Reinsurance recoverables286 266 Ending liabilities for unpaid losses and loss adjustment expenses, gross$8,124 $8,186 [1]Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.[2]Includes unallocated loss adjustment expenses ("ULAE") of $88 and $92 for the six months ended June 30, 2025 and 2024, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.

44

Table of ContentsNote 9 - Reserve for Unpaid Losses and Loss Adjustment ExpensesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Re-estimates of prior incurral years reserves for the six months ended June 30, 2025Group disability - Prior period reserve estimates decreased by approximately $307 driven by strong long-term disability claim recoveries, paid family medical leave incidence lower than prior assumptions, as well as a higher New York paid family leave risk adjustment benefit than expected.Group life and accident (including group life premium waiver) - Prior period reserve estimates decreased by approximately $69 driven by favorable mortality emergence in both group term life and group accidental death and dismemberment, and continued low incidence in group life premium waiver.Re-estimates of prior incurral years reserves for the six months ended June 30, 2024Group disability- Prior period reserve estimates decreased by approximately $282 largely driven by group long-term disability claim incidence lower than prior assumptions and favorable recoveries on prior incurral year claims, as well as a higher New York paid family leave risk adjustment benefit than expected.Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $56 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.

10. Reserve for Future Policy BenefitsRollforward of Reserve for Future Policy BenefitsFor the six months ended June 30,20252024Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up LifePresent Value of Expected Net PremiumsBalance, beginning of the period$45 $49 Balance, ending of the period $43 $45 Present Value of Expected Future Policy BenefitsBeginning balance at single-A rate$128 $106 $168 $137 $113 $185 Beginning adjustment for changes in single-A rate— (15)(33)