Insurance, Other — Prior accident year development [1]
The Hartford Financial Services Group Insurance, Other — Prior accident year development [1] decreased by 95.0% to $1.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 125.0%, from -$4.00M to $1.00M. Over 4 years (FY 2021 to FY 2025), Insurance, Other — Prior accident year development [1] shows a downward trend with a -28.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease in positive development (or a move toward negative development) suggests more accurate or conservative initial reserving, while high positive development may indicate past underestimation of claim liabilities.
Detailed definition
This metric represents the change in estimated ultimate losses for claims that occurred in previous reporting periods. I...
Peer comparison
Comparable to 'prior year reserve development' or 'reserve strengthening/release' metrics reported by other property and casualty insurers.
hig_segment_insurance_other_prior_accident_year_development_1Historical Data
| 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 | -$3.00M | $16.00M | $10.00M | -$4.00M | $3.00M | $18.00M | $28.00M | $4.00M | $2.00M | $23.00M | -$2.00M | $2.00M | -$2.00M | $17.00M | -$4.00M | $2.00M | -$7.00M | $20.00M | $1.00M |
| QoQ Change | — | -50.0% | +633.3% | -37.5% | -140.0% | +175.0% | +500.0% | +55.6% | -85.7% | -50.0% | >999% | -108.7% | +200.0% | -200.0% | +950.0% | -123.5% | +150.0% | -450.0% | +385.7% | -95.0% |
| YoY Change | — | — | — | — | -100.0% | +200.0% | +12.5% | +180.0% | +200.0% | -33.3% | +27.8% | -107.1% | -50.0% | -200.0% | -26.1% | -100.0% | +0.0% | -250.0% | +17.6% | +125.0% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's insurance, other — prior accident year development [1]?
- The Hartford Financial Services Group (HIG) reported insurance, other — prior accident year development [1] of $1.00M in Q1 2026.
- How has The Hartford Financial Services Group's insurance, other — prior accident year development [1] changed year-over-year?
- The Hartford Financial Services Group's insurance, other — prior accident year development [1] increased by 125.0% year-over-year, from -$4.00M to $1.00M.
- What is the long-term trend for The Hartford Financial Services Group's insurance, other — prior accident year development [1]?
- Over 4 years (2021 to 2025), The Hartford Financial Services Group's insurance, other — prior accident year development [1] has grown at a -28.5% compound annual growth rate (CAGR), from $42.00M to $11.00M.
- What does insurance, other — prior accident year development [1] mean?
- The adjustment to estimated costs for insurance claims that happened in past years.