Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 155

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 155
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3,059 $821 Loss and loss adjustment expense paid ratio [1]42.9 71.1 Loss and loss adjustment expense ratio58.3 76.3 Prior accident year development (pts) [2](1.8)(0.9)

[1]The “loss and loss adjustment expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums and fee income.

[2]“Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.

Current Accident Year Catastrophe Losses, Net of ReinsuranceThree Months Ended March 31, 2024Business InsurancePersonal InsuranceTotalWind and hail $42 $38 $80 Winter storms52 14 66 Catastrophes before assumed reinsurance94 52 146 Global assumed reinsurance business [1]15 — 15 Total catastrophe losses$109 $52 $161 

[1]Catastrophe losses incurred on global assumed reinsurance business are not covered under the Company's aggregate property catastrophe treaty. For further information on the treaty, refer to Enterprise Risk Management — Insurance Risk section of this MD&A.

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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

Unfavorable (Favorable) Prior Accident Year Development for theThree Months Ended March 31, 2024 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(67)$— $— $(67)Workers’ compensation discount accretion12 — — 12 General liability17 — — 17 Marine7 — — 7 Package business— — — — Commercial property(3)— — (3)Professional liability(5)— — (5)Bond— — — — Assumed reinsurance9 — — 9 Automobile liability— — — — Homeowners— — — — Net A&E reserves— — — — Catastrophes— — — — Uncollectible reinsurance(7)— 7 — Other reserve re-estimates, net5 (7)— (2)Prior accident year development before change in deferred gain$(32)$(7