Products & Services · Prior accident year development [1]
Assumed reinsurance — Prior accident year development [1]
Over 4 years (FY 2021 to FY 2025), Assumed reinsurance — Prior accident year development [1] shows an upward trend with a -100.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2017
Last reportedQ1 2026
How to read this metric
An increase indicates unfavorable development (reserve strengthening), while a decrease indicates favorable development (reserve releases).
Detailed definition
This metric represents the change in estimated ultimate losses for claims occurring in prior accident years within the a...
Peer comparison
Peers in the reinsurance sector report this as prior year reserve development, with consistent negative values indicating conservative reserving practices.
Metric ID:
hig_segment_assumed_reinsurance_prior_accident_year_development_1Historical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$2.00M | $0.00 | -$6.00M | $12.00M | $0.00 | $0.00 | $7.00M | $2.00M | $15.00M | $2.00M | $15.00M | $9.00M | $15.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.00M |
| QoQ Change | — | +100.0% | — | +300.0% | -100.0% | — | — | -71.4% | +650.0% | -86.7% | +650.0% | -40.0% | +66.7% | -100.0% | — | — | — | — | — | — |
| YoY Change | — | — | — | — | +100.0% | — | +216.7% | -83.3% | — | — | +114.3% | +350.0% | +0.0% | -100.0% | -100.0% | -100.0% | -100.0% | — | — | — |
Range-$6.00M – $15.00M
CAGR+21.3%
Avg YoY Growth+29.8%
Median YoY Growth-41.7%
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Frequently Asked Questions
- What is The Hartford Financial Services Group's assumed reinsurance — prior accident year development [1]?
- The Hartford Financial Services Group (HIG) reported assumed reinsurance — prior accident year development [1] of $5.00M in Q1 2026.
- What is the long-term trend for The Hartford Financial Services Group's assumed reinsurance — prior accident year development [1]?
- Over 4 years (2021 to 2025), The Hartford Financial Services Group's assumed reinsurance — prior accident year development [1] has grown at a -100.0% compound annual growth rate (CAGR), from -$6.00M to $0.00.
- What does assumed reinsurance — prior accident year development [1] mean?
- The adjustment to historical loss estimates for reinsurance business written in previous years.