Discontinued — last reported Q4 '24
Marine — Policyholder Benefits and Claims Incurred, Ceded
The Hartford Financial Services Group Marine — Policyholder Benefits and Claims Incurred, Ceded remained flat by 0.0% to $9.50M in Q4 2024 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $9.50M to $9.50M. Over 3 years (FY 2021 to FY 2024), Marine — Policyholder Benefits and Claims Incurred, Ceded shows relatively stable performance with a -0.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to earned premiums indicates improved underwriting profitability or more effective reinsurance protection.
Detailed definition
This metric measures the total claims and benefits incurred by the marine insurance segment, adjusted for the portion of...
Peer comparison
Standard metric across the insurance industry, often compared as a component of the net loss ratio for specialty lines.
hig_segment_marine_policyholder_benefits_and_claims_incurred_cededHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $39.00M | $38.00M | $38.00M | $38.00M |
| YoY Change | — | -2.6% | +0.0% | +0.0% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's marine — policyholder benefits and claims incurred, ceded?
- The Hartford Financial Services Group (HIG) reported marine — policyholder benefits and claims incurred, ceded of $9.50M in Q4 2024.
- How has The Hartford Financial Services Group's marine — policyholder benefits and claims incurred, ceded changed year-over-year?
- The Hartford Financial Services Group's marine — policyholder benefits and claims incurred, ceded decreased by 0.0% year-over-year, from $9.50M to $9.50M.
- What is the long-term trend for The Hartford Financial Services Group's marine — policyholder benefits and claims incurred, ceded?
- Over 3 years (2021 to 2024), The Hartford Financial Services Group's marine — policyholder benefits and claims incurred, ceded has grown at a -0.9% compound annual growth rate (CAGR), from $39.00M to $38.00M.
- What does marine — policyholder benefits and claims incurred, ceded mean?
- The net cost of claims and benefits for the marine segment after accounting for reinsurance recoveries.