Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 154

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 154
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 development$(83)$(39)$— $(122)

[1]Other reserve re-estimates, net for the three months ended March 31, 2025 includes a favorable change of $(12) in personal automobile physical damage reserves. 

[2]The $32 change in deferred gain on retroactive reinsurance for the three months ended March 31, 2025 is related to amortization of the Navigators ADC deferred gain under retroactive reinsurance accounting.

For discussion of the factors contributing to unfavorable (favorable) prior accident year reserve development for 2025, please refer to Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements. 

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for the Three Months Ended March 31, 2024 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$29,181 $2,068 $2,795 $34,044 Reinsurance and other recoverables4,599 28 2,069 6,696 Beginning liabilities for unpaid losses and loss adjustment expenses, net24,582 2,040 726 27,348 Provision for unpaid losses and loss adjustment expensesCurrent accident year before catastrophes1,725 575 — 2,300 Current accident year catastrophes 109 52 — 161 Prior accident year development (56)(7)7 (56)Total provision for unpaid losses and loss adjustment expenses1,778 620 7 2,405 Change in deferred gain on retroactive reinsurance included in other liabilities 24 — — 24 Payments(1,312)(584)(44)(1,940)Foreign currency adjustment(5)— — (5)Ending liabilities for unpaid losses and loss adjustment expenses, net25,067 2,076 689 27,832 Reinsurance and other recoverables4,612 27 2,066 6,705 Ending liabilities for unpaid losses and loss adjustment expenses, gross$29,679 $2,103 $2,755 $34,537 Earned premiums and fee income$