Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1331

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1331
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3 Ukraine conflict [3]23 — 23 Other international1 — 1 Catastrophes before assumed reinsurance368 208 576 Global assumed reinsurance business [1] [2] [3]73 — 73 Total catastrophe losses$441 $208 $649 

[1]Includes losses from Winter Storm Elliott of $167, including $3 in the global assumed reinsurance business. Gross losses from Winter Storm Elliott of $202 were partially offset by a $35 reinsurance recoverable since, under a per occurrence property catastrophe treaty layer covering losses from earthquakes and named storms other than hurricanes and tropical storms, the Company is able to cede 70% of up to $250 in excess of a $100 attachment point subject to a $50 annual aggregate deductible.

[2]Includes losses from Hurricane Ian of $186, net of reinsurance, including $35 of hurricane losses in the global assumed reinsurance business.

[3]Total catastrophe losses resulting from the Ukraine conflict were $27, net of reinsurance, including $4 within global assumed reinsurance, all in the first quarter, which included exposures under political violence and terrorism policies, including aviation war, as well as credit and political risk insurance policies.

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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

Unfavorable (Favorable) Prior Accident Year Development for the Year Ended December 31, 2022Business InsurancePersonal InsuranceProperty & Casualty Other OperationsTotal Property & Casualty InsuranceWorkers’ compensation$(204)$— $— $(204)Workers’ compensation discount accretion36 — — 36 General liability25 — 31 56 Marine2 — — 2 Package business(39)— — (39)Commercial property(11)— — (11)Professional liability(11)— — (11)Bond(32)— — (32)Assumed reinsurance19 — — 19 Automobile liability38 (14)— 24 Homeowners— (1)— (1)Net asbestos and environmental reserves [1]— — — — Catastrophes(60)(2)— (62)Uncollectible reinsurance(1)(2)6 3 Other reserve re-estimates, net 7 6