Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1328

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1328
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Beginning liabilities for unpaid losses and loss adjustment expenses, net23,879 1,829 910 26,618 Provision for unpaid losses and loss adjustment expensesCurrent accident year before catastrophes6,575 2,287 — 8,862 Current accident year catastrophes436 240 — 676 Prior accident year development(225)11 224 10 Total provision for unpaid losses and loss adjustment expenses6,786 2,538 224 9,548 Change in deferred gain on retroactive reinsurance included inother liabilities— — (194)(194)Payments [1](6,101)(2,327)(214)(8,642)Foreign currency adjustment18 — — 18 Ending liabilities for unpaid losses and loss adjustment expenses, net 24,582 2,040 726 27,348 Reinsurance and other recoverables4,599 28 2,069 6,696 Ending liabilities for unpaid losses and loss adjustment expenses, gross $29,181 $2,068 $2,795 $34,044 Earned premiums and fee income$11,682 $3,117 Loss and loss adjustment expense paid ratio [2]52.2 74.7 Loss and loss adjustment expense ratio58.3 82.2 Prior accident year development (pts) [3](1.9)0.4 

[1]Includes the $787 settlement paid to the BSA on April 20, 2023. For further information, see "Settlement Agreement with Boy Scouts of America" in Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements.

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

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

Current Accident Year Catastrophe Losses for the Year Ended December 31, 2023, Net of ReinsuranceBusiness InsurancePersonal InsuranceTotalWind and hail$278 $214 $492 Winter storms68 15 83 Hurricanes and tropical storms10 3 13 Wildfires3 8 11 Other international6 — 6 Catastrophes before assumed reinsurance365 240 605 Global assumed reinsurance business [1]