Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1344

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1344
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 significant changes. Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of the Company. In view of the uncertainties regarding the outcome of these matters, as well as the tax-deductibility of payments, it is possible that the ultimate cost to the Company of these matters could exceed the reserve by an amount that would have a material adverse effect on the Company’s consolidated results of operations or liquidity in a particular quarterly or annual period.

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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

REPORTABLE SEGMENT AND CORPORATE OPERATING SUMMARIES

|BUSINESS INSURANCE - RESULTS OF OPERATIONS

Underwriting Summary

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Written premiums$13,351 $12,279 $11,158 9 %10 %Change in unearned premium reserve630 638 587 (1 %)9 %Earned premiums12,721 11,641 10,571 9 %10 %Fee income43 41 39 5 %5 %Losses and loss adjustment expensesCurrent accident year before catastrophes7,186 6,575 5,959 9 %10 %Current accident year catastrophes [1]486 436 441 11 %(1 %)Prior accident year development [1](231)(225)(231)(3 %)3 %Total losses and loss adjustment expenses7,441 6,786 6,169 10 %10 %Amortization of DAC1,993 1,779 1,563 12 %14 %Insurance operating costs1,973 1,837 1,788 7 %3 %Amortization of other intangible assets29 29 29 — %— %Dividends to policyholders39 39 29 — %34 %Underwriting gain1,289 1,212 1,032 6 %17 %Net investment income [2]1,714 1,532 1,415 12 %8 %Net realized losses [2](73)(156)(385)53