What does general liability — 2nd year mean?

This metric tracks the cumulative loss development or claim payments for general liability policies as they reach their second year of maturity. It provides insight into the progression of claims that were not settled in the first year. Actuaries use this to refine ultimate loss projections for the specific accident year.

The Hartford Financial Services Group HIG General Liability — 2nd Year

Other product segments

Property Insurance

58.1%0.0%

Automobiles

54.1%+0.6%

Assumed Reinsurance

32.4%-1.8%

Marine

31.5%-1.6%

Surety Product Line

27.7%+4.9%

Package Business

22.2%-0.9%

Workers' Compensation

18.6%+1.1%

Professional liability

16.7%+3.7%

Commercial automobile physical damage

14.7%-15.0%

Personal automobile physical damage

4.4%-30.2%

Similar metrics at other companies

CNAGeneral Liability — Year 2

12.1%-0.4pp

ORIGeneral Liability — Year 2

12.1%0.0pp

CNAGeneral Liability — Year 1

3.4%0.0pp

ORIGeneral Liability — Year 1

4.4%-0.3pp

CNAGeneral Liability — Year 6

9.8%+0.6pp

CNAGeneral Liability — Year 3

15.5%-0.2pp

Other financials

Income statement

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Revenue$7.2B+6.1%

Net income$856.0M+35.9%

EPS (diluted)$3.04+41.4%

Balance sheet

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Cash & equivalents$166.0M+20.3%

Total debt$4.4B+0.1%

Total equity$18.9B+12.1%

Total assets$86.3B+4.9%

Cash flow

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Operating cash flow$1.0B+6.1%

CapEx$31.0M-18.4%

Free cash flow$1.0B+7.1%

Valuation

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Market cap$36.7B+2.1%

Enterprise value$40.91B+1.9%

P/E9×-2.0×

P/S1.3×0.0×

Profitability

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Net margin14.1%+3.0pp

FCF margin20.2%-0.8pp

Returns & leverage

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Return on equity22.7%+4.2pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by The Hartford Financial Services Group in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

The official record: The Hartford Financial Services Group’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hartford Financial Services Group's general liability — 2nd year?: The Hartford Financial Services Group (HIG) reported general liability — 2nd year of 8.3% in Q4 2025.
How has The Hartford Financial Services Group's general liability — 2nd year changed year-over-year?: The Hartford Financial Services Group's general liability — 2nd year increased by 6.4% year-over-year, from 7.8% to 8.3%.
What does general liability — 2nd year mean?: This metric tracks the cumulative loss development or claim payments for general liability policies as they reach their second year of maturity. It provides insight into the progression of claims that were not settled in the first year. Actuaries use this to refine ultimate loss projections for the specific accident year.