Business Segments · Unpaid losses and loss adjustment expenses
Group Benefits — Unpaid losses and loss adjustment expenses
The Hartford Financial Services Group Group Benefits — Unpaid losses and loss adjustment expenses increased by 1.4% to $8.27B in Q4 2023 compared to the prior quarter.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ4 2016
Last reportedQ1 2026
Rolls up toReserve for insurance claims
How to read this metric
An increase may signal higher claims frequency or severity, while a decrease could indicate improved claims management or a shrinking book of business.
Detailed definition
This represents the estimated liability for claims that have been reported but not yet paid, as well as claims that have...
Peer comparison
Core insurance liability; comparable to loss reserves at any property, casualty, or group insurance carrier.
Metric ID:
hig_segment_group_benefits_unpaid_losses_and_loss_adjustment_expensesHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | $8.21B | $8.16B | $8.27B |
| QoQ Change | — | -0.6% | +1.4% |
| YoY Change | — | -0.6% | +1.4% |
Range$8.16B – $8.27B
Avg YoY Growth+0.4%
Median YoY Growth+0.4%
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Frequently Asked Questions
- What is The Hartford Financial Services Group's group benefits — unpaid losses and loss adjustment expenses?
- The Hartford Financial Services Group (HIG) reported group benefits — unpaid losses and loss adjustment expenses of $8.27B in Q4 2023.
- What does group benefits — unpaid losses and loss adjustment expenses mean?
- The estimated total amount the segment expects to pay for insurance claims that have occurred but are not yet settled.