Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 180

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 1
Chunk 180
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)Prior accident year development before change in deferred gain(173)(80)— (253)Change in deferred gain on retroactive reinsurance included in other liabilities [2](56)— — (56)Total prior accident year development$(229)$(80)$— $(309)

[1]Other reserve re-estimates, net for the six months ended June 30, 2025 includes a favorable change of $(20) in personal automobile physical damage reserves. 

[2]The $56 change in deferred gain on retroactive reinsurance for the six months ended June 30, 2025 is related to amortization of the Navigators ADC deferred gain under retroactive reinsurance accounting.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

For discussion of the factors contributing to unfavorable (favorable) prior accident year reserve development for 2025, please refer to Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements. 

Rollforward of Property and Casualty Insurance Product Liabilities for Unpaid Losses and LAE for the Six Months Ended June 30, 2024 Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceBeginning liabilities for unpaid losses and loss adjustment expenses, gross$29,181 $2,068 $2,795 $34,044 Reinsurance and other recoverables4,599 28 2,069 6,696 Beginning liabilities for unpaid losses and loss adjustment expenses, net24,582 2,040 726 27,348 Provision for unpaid losses and loss adjustment expensesCurrent accident year before catastrophes3,475 1,172 — 4,647 Current accident year catastrophes 264 177 — 441 Prior accident year development(137)(41)7 (171)Total provision for unpaid losses and loss adjustment expenses3,602 1,308 7 4,917 Change in deferred gain on retroactive reinsurance included in other liabilities61 — — 61 Payments(2,597)(1,152)(87)(3,836)Foreign currency adjustment(9)— — (9)Ending liabilities for unpaid losses and loss adjustment expenses, net25,639 2,196 646 28,481 Reinsurance and other recoverables