Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1794

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1794
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 the significant uncertainties surrounding reserves it is possible that management’s estimate of the ultimate liabilities for these claims may change and that the required adjustment to recorded reserves could exceed the currently recorded reserves by an 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 10 - Reserve for Unpaid Losses and Loss Adjustment ExpensesTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

amount that could be material to the Company’s results of operations or cash flows. Losses and loss adjustment expenses are also impacted by trends including frequency and severity as well as changes in the legislative and regulatory environment. In the case of the reserves for asbestos exposures, factors contributing to the high degree of uncertainty in the ultimate settlement of the liabilities gross of reinsurance include inadequate loss development patterns, plaintiffs’ expanding theories of liability, the risks inherent in major litigation, and inconsistent emerging legal doctrines. In the case of the reserves for environmental exposures before reinsurance, factors contributing to the high degree of uncertainty in gross reserves include expanding theories of liabilities and damages, the risks inherent in major litigation, inconsistent decisions concerning the existence and scope of coverage for environmental claims, and uncertainty as to the monetary amount being sought by the claimant from the insured.(Favorable) Unfavorable Prior Accident Year DevelopmentFor the years ended December 31,202420232022Workers’ compensation$(258)$(236)$(204)Workers’ compensation discount accretion44 42 36 General liability211 41 56 Marine(1)(2)2 Package business(6)(24)(39)Commercial property(7)(7)(11)Professional liability(27)(2)(11)Bond(56)(27)(32)Assumed reinsurance24 34 19 Commercial automobile liability47 20 38 Personal automobile liability(30)— (14)Homeowners(28)(6)(1)Net asbestos and environmental reserves141 — — Catastrophes(87)(87)(62)Uncollectible reinsurance(19)13 3 Other reserve re-estimates, net 15 57 27 Prior accident year development, including full benefit for the ADC cession(37)(184)(193)Change in deferred gain on retroactive reinsurance included in other liabilities [1](83)194 229 Total prior accident year development$(120)$10 $36 [1] The change in deferred gain on retroactive