Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1826

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1826
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 triangles produce a completion pattern and estimate of ultimate loss. IBNR for these lines of business equals the estimated ultimate losses and loss adjustment expenses less the amount of paid or reported claims depending on whether the paid or reported development method was used. Estimates are reviewed for reasonableness and are adjusted for current trends or other factors that affect the development pattern.Cumulative number of reported claimsFor group life, disability and accident coverages, claim counts include claims that are approved, pending approval and terminated and exclude denied claims. Due to the nature of the claims, one claimant represents one event.Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance(Unaudited)1st Year2nd Year3rd Year4th Year5th Year6th Year7th Year8th Year9th Year10th YearGroup long-term disability7.6 %27.0 %15.9 %8.0 %6.3 %5.2 %4.5 %3.8 %3.3 %2.8 %Group life and accident, excluding premium waiver75.8 %22.6 %1.1 %

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 11 - Reserve for Future Policy BenefitsTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

11. RESERVE FOR FUTURE POLICY BENEFITS Rollforward of Reserve for Future Policy BenefitsFor the year ended December 31,202420232022Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up LifePresent Value of Expected Net PremiumsBalance, beginning of the period$49 $47 $58 Balance, ending of the period $45 $49 $47 Present Value of Expected Future Policy BenefitsBeginning balance at single-A rate$137 $113 $185 $140 $112 $192 $188 $152 $262 Beginning adjustment for changes in single-A rate7 (11)(32)4 (14)(39)47 19 14 Beginning balance at original discount rate130 124 217 136 126 231 141 133 248 Effect of changes in cash flow assumptions2 2 — (2)— — — —