HARTFORD INSURANCE GROUP INC
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 24, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Property & Casualty Other Operations
Property & Casualty Other Operations - Results of Operations
| Three Months Ended March 31, | |||
|---|---|---|---|
| 2025 | 2024 | Change | |
| Losses and loss adjustment expenses | |||
| Prior accident year development [1] | $— | $7 | (100)% |
| Total losses and loss adjustment expenses | — | 7 | (100)% |
| Insurance operating costs | 2 | 2 | —% |
| Underwriting loss | (2) | (9) | 78% |
| Net investment income [2] | 18 | 18 | —% |
| Income before income taxes | 16 | 9 | 78% |
| Income tax expense [3] | 3 | 1 | NM |
| Net income | $13 | $8 | 63% |
[1]For additional information on prior accident year development, see Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.
[3]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.
Net income
Net income increased due to a lower underwriting loss.
Underwriting loss decreased due to unfavorable prior accident year reserve development in the 2024 period.
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