What is The Hartford Financial Services Group's homeowners — ibnr reserves?

The Hartford Financial Services Group (HIG) reported homeowners — ibnr reserves of $115.00M in Q4 2023.

What does homeowners — ibnr reserves mean?

The estimated amount set aside for homeowners claims that have happened but haven't been reported to the company yet.

Discontinued — last reported Q4 '23

Homeowners — IBNR Reserves

The Hartford Financial Services Group Homeowners — IBNR Reserves increased by 1.8% to $115.00M in Q4 2023 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ4 2018

Last reportedQ4 2023

Rolls up toIncurred but not reported (IBNR) claims liability, net

How to read this metric

A significant increase in IBNR may suggest an unexpected surge in claim frequency or a change in reporting patterns.

Detailed definition

IBNR (Incurred But Not Reported) reserves represent the estimated liability for homeowners claims that have occurred but...

Peer comparison

A standard actuarial metric reported by all P&C insurers to ensure reserve adequacy.

Metric ID: hig_segment_homeowners_ibnr_reserves

Historical Data

3 periods

	Q4 '21	Q4 '22	Q4 '23
Value	$107.00M	$113.00M	$115.00M
QoQ Change	—	+5.6%	+1.8%
YoY Change	—	+5.6%	+1.8%

Range$107.00M – $115.00M

Avg YoY Growth+3.7%

Median YoY Growth+3.7%

Current Streak2+ quarters growth

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Frequently Asked Questions

What is The Hartford Financial Services Group's homeowners — ibnr reserves?: The Hartford Financial Services Group (HIG) reported homeowners — ibnr reserves of $115.00M in Q4 2023.
What does homeowners — ibnr reserves mean?: The estimated amount set aside for homeowners claims that have happened but haven't been reported to the company yet.