Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 348

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 348
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 preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ, and in the past have differed, from those estimates.The Company has identified the following estimates as critical in that they involve a higher degree of judgment and are subject to a significant degree of variability:•property and casualty insurance product reserves, net of reinsurance;•employee benefit LTD reserves, net of reinsurance;•evaluation of goodwill for impairment;•valuation of investments and derivative instruments including evaluation of credit losses on fixed maturities, AFS and ACL on mortgage loans; and•contingencies relating to corporate litigation and regulatory matters.In developing these estimates management makes subjective and complex judgments that are inherently uncertain and subject to material change as facts and circumstances develop. Although variability is inherent in these estimates, management believes the amounts provided are appropriate based upon the facts available upon compilation of the financial statements. Certain of these estimates are particularly sensitive to market conditions, and deterioration and/or volatility in the worldwide debt or equity markets could have a material impact on the Consolidated Financial Statements.

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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

|PROPERTY & CASUALTY INSURANCE PRODUCT RESERVES, NET OF REINSURANCE

Loss and LAE Reserves, Net of Reinsurance as of December 31, 2024

Business InsurancePersonal InsuranceProperty & CasualtyOther OperationsTotal Property &Casualty Insurance% Total Reserves-netWorkers’ compensation$12,660 $— $— $12,660 42.7%General liability5,935 — — 5,935 20.0%Marine343 — — 343 1.2%Package business [1]2,590 — — 2,590 8.7%Commercial property612 — — 612 2.1%Automobile liability1,554 1,727 — 3,281 11.1%Automobile physical damage31 78 — 109 0.4%Professional liability1,577 — — 1,577 5.3%Bond443 — — 443 1.5%Homeowners— 403