Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 252

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 252
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paid Losses and Loss Adjustment Expenses

Property & Casualty Insurance Product Reserves, Net of ReinsuranceRollforward of Liabilities for Unpaid Losses and Loss Adjustment Expenses For the three months ended March 31, 20252024Beginning liabilities for unpaid losses and loss adjustment expenses, gross$36,404 $34,044 Reinsurance and other recoverables6,753 6,696 Beginning liabilities for unpaid losses and loss adjustment expenses, net29,651 27,348 Provision for unpaid losses and loss adjustment expenses  Current accident year2,921 2,461 Prior accident year development [1](122)(56)Total provision for unpaid losses and loss adjustment expenses2,799 2,405 Change in deferred gain on retroactive reinsurance included in other liabilities [1]32 24 Payments  Current accident year(458)(349)Prior accident years(1,696)(1,591)Total payments(2,154)(1,940)Foreign currency adjustment13 (5)Ending liabilities for unpaid losses and loss adjustment expenses, net30,341 27,832 Reinsurance and other recoverables6,764 6,705 Ending liabilities for unpaid losses and loss adjustment expenses, gross$37,105 $34,537 [1] Prior accident year development for the three months ended March 31, 2025 and 2024 included a $32 and $24 benefit for amortization of a deferred gain under retroactive reinsurance accounting, respectively, related to the Navigators Adverse Development Cover (the "Navigator's ADC"). For additional information regarding the ADC reinsurance agreement, refer to "Change in Deferred Gain on Retroactive Reinsurance" discussion below.

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

Unfavorable (Favorable) Prior Accident Year DevelopmentFor the three months ended March 31,20252024Workers’ compensation$(65)$(67)Workers’ compensation discount accretion12 12 General liability— 17 Marine— 7 Package business— — Commercial property(3)(3)Professional liability— (5)Bond— — Assumed reinsurance— 9 Commercial automobile liability— — Personal automobile liability(12)— Homeowners(18)— Net asbestos and environmental ("A&E