Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 77

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 77
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 treaties covering property and workers’ compensation, a catastrophe bond, an aggregate property catastrophe treaty, and individual risk agreements 

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

(including facultative reinsurance) that reinsure losses from specific classes or lines of business. The aggregate property catastrophe treaty covers the aggregate losses of catastrophe events (up to $350 per event) designated by the Property Claim Services office of Verisk and, for international business, net losses arising from two or more risks involved in the same loss occurrence totaling at least $500 thousand, in excess of a $750 retention. The occurrence-based property catastrophe treaty responds in excess of $200 per occurrence for all perils other than earthquakes and named hurricanes and tropical storms.For earthquakes and named tropical storms the occurrence based property treaty responds in excess of $350 per occurrence. The occurrence property catastrophe treaty and workers’ compensation catastrophe treaties beginning with the January 1, 2021 renewal do not cover pandemic losses, as most industry reinsurance programs exclude communicable disease. The Company has reinsurance in place to cover individual group life losses in excess of $1 per person.

Primary Catastrophe Reinsurance Coverages as of January 1, 2025 [1]

Portion of losses reinsuredPortion of losses retained by The HartfordPer Occurrence Property Catastrophe Treaty from 1/1/2025 to 12/31/2025 [1] [2]Losses of $0 to $200None100% retainedLosses of $200 to $350 for earthquakes and named hurricanes and tropical storms [3]None100% retainedLosses of $200 to $350 from one event other than earthquakes and named hurricanes and tropical storms [3]40% of $150 in excess of $20060% co-participationLosses of $350 to $500 from one event (all perils)75% of $150 in excess of $35025% co-participationLosses of $500 to $1.20 billion from one event [4] (all perils)90% of $700 in excess of $50010% co-participationPer Occurrence Property Catastrophe Bond from 1/1/2025 to 12/31/2026 [5]Losses of $1.19 billion to $1.49 billion for tropical cyclone and earthquake events [6]66.67% of $300 in excess of $