Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 21

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 21
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 factors, including the immaturity of emerged claims in recent accident years, emerging trends in the recent past, and the level of volatility within each line of business. In general, adjustments are made more quickly to more mature accident years and less volatile lines of business. Such adjustments of reserves are referred to as “prior accident year development”. Increases in previous estimates of ultimate loss costs are referred to as either an increase in prior accident year reserves or as unfavorable reserve development. Decreases in previous estimates of ultimate loss costs are referred to as either a decrease in prior accident year reserves or as favorable reserve development. Reserve development can influence the comparability of year over year underwriting results and is set forth in the paragraphs and tables that follow.

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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, 2025Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & CasualtyBeginning liabilities for unpaid losses and loss adjustment expenses, gross$31,380 $2,240 $2,784 $36,404 Reinsurance and other recoverables4,637 20 2,096 6,753 Beginning liabilities for unpaid losses and loss adjustment expenses, net26,743 2,220 688 29,651 Provision for unpaid losses and loss adjustment expensesCurrent accident year before catastrophes1,891 563 — 2,454 Current accident year catastrophes280 187 — 467 Prior accident year development (83)(39)— (122)Total provision for unpaid losses and loss adjustment expenses2,088 711 — 2,799 Change in deferred gain on retroactive reinsurance included in other liabilities 32 — — 32 Payments(1,466)(634)(54)(2,154)Foreign currency adjustment13 — — 13 Ending liabilities for unpaid losses and loss adjustment expenses, net27,410 2,297 634 30,341 Reinsurance and other recoverables4,647 50 2,067 6,764 Ending liabilities for unpaid losses and loss adjustment expenses, gross$32,057 $2,347 $2,701 $37,105 Earned premiums and fee income$3,335 $907 Loss