Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 255

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 255
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paid Losses and Loss Adjustment ExpensesFor the three months ended March 31,20252024Beginning liabilities for unpaid losses and loss adjustment expenses, gross$8,206 $8,274 Reinsurance recoverables282 254 Beginning liabilities for unpaid losses and loss adjustment expenses, net7,924 8,020 Provision for unpaid losses and loss adjustment expensesCurrent incurral year1,376 1,376 Prior year's discount accretion55 53 Prior incurral year development [1](197)(189)Total provision for unpaid losses and loss adjustment expenses [2]1,234 1,240 PaymentsCurrent incurral year(382)(357)Prior incurral years(903)(924)Total payments(1,285)(1,281)Ending liabilities for unpaid losses and loss adjustment expenses, net7,873 7,979 Reinsurance recoverables288 255 Ending liabilities for unpaid losses and loss adjustment expenses, gross$8,161 $8,234 [1]Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.[2]Includes unallocated loss adjustment expenses ("ULAE") of $44 and $45 for the three months ended March 31, 2025 and 2024, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations.Re-estimates of prior incurral years reserves for the three months ended March 31, 2025Group disability - Prior period reserve estimates decreased by approximately $156 largely driven by strong long-term disability claim recoveries.Group life and accident (including group life premium waiver) - Prior period reserve estimates decreased by approximately $39 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.Re-estimates of prior incurral years reserves for the three months ended March 31, 2024Group disability- Prior period reserve estimates decreased by approximately $149 largely driven by group long-term disability claim incidence lower than prior assumptions and strong recoveries on prior incurral year claims.Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $37 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.Supplemental Accident & Health- Prior period reserve estimates decreased by approximately $3 driven by lower than previously expected claim incidence.

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Table of ContentsNote 10 - Reserve for Future Policy BenefitsThe Hartford Insurance Group, Inc