Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 525

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 525
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 of December 31, 2024 and 2023, the Company accepted cash collateral associated with derivative instruments of $78 and $49, respectively, which was invested and recorded in the Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other investments or other liabilities as determined by the Company's election to offset on the balance sheet. Also as of December 31, 2024 and 2023, the Company did not hold securities collateral. 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 7 - Premiums Receivable and Agents' BalancesTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

7. PREMIUMS RECEIVABLE AND AGENTS' BALANCES Premiums Receivable and Agents' BalancesAs of December 31,20242023Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums ("loss sensitive business")$5,624 $5,303 Receivables for loss sensitive business, by credit quality:AA97 94 A57 54 BBB193 136 BB94 84 Below BB50 45 Total receivables for loss sensitive business491 413 Total Premiums Receivable and Agents' Balances, Gross6,115 5,716 ACL(117)(109)Total Premiums Receivable and Agents' Balances, Net of ACL$5,998 $5,607 ACL on Premiums Receivable and Agents' BalancesPremiums receivable and agents' balances, excluding receivables for loss sensitive business, are primarily comprised of premiums due from policyholders, which are typically collectible within one year or less. For these balances, the ACL is estimated based on an aging of receivables and recent historical credit loss and collection experience, adjusted for current economic conditions and reasonable and supportable forecasts, when appropriate. Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods.A portion of the Company's Business Insurance business is written with large deductibles or under retrospectively-rated plans (referred to as "loss sensitive business"). Under some commercial insurance contracts with a large deductible, the Company is obligated to pay the claimant the full amount of the claim and the Company is subsequently reimbursed by the policyholder for the deductible amount. As such, the Company is