What does marine — prior accident year development [1] mean?

This metric represents the change in estimated ultimate losses for claims occurring in previous accident years. It reflects the accuracy of initial loss reserves as claims are settled or as new information becomes available over time.

The Hartford Financial Services Group HIG Marine — Prior accident year development [1]

Other product segments

General Liability

$70M—

Workers' Compensation

-$59M+9.2%

Property Insurance

-$19M+9.5%

Automobiles

-$15M-25.0%

Assumed reinsurance

$5M—

Insurance, Other

$1M+125%

Similar metrics at other companies

WTMMarine & Energy — Prior Year

$1.18M—

MKLMarine and energy — Incurred losses and loss adjustment expenses, prior accident years

-$42.6M-191%

RLIMarine — Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense

-$4.5M0.0%

HGTYMarine — Reserves for unpaid losses and loss adjustment expenses

$329K+458%

ACGLMarine and aviation — Year Two

24.3%-4.6pp

MKLMarkel Insurance — Incurred losses and loss adjustment expenses, prior accident years

-$121M-6.4%

Other financials

Income statement

See full

Revenue$7.2B+6.1%

Net income$856.0M+35.9%

EPS (diluted)$3.04+41.4%

Balance sheet

See full

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

See full

Operating cash flow$1.0B+6.1%

CapEx$31.0M-18.4%

Free cash flow$1.0B+7.1%

Valuation

See full

Market cap$36.7B+2.1%

Enterprise value$40.91B+1.9%

P/E9×-2.0×

P/S1.3×0.0×

Profitability

See full

Net margin14.1%+3.0pp

FCF margin20.2%-0.8pp

Returns & leverage

See full

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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.

The official record: The Hartford Financial Services Group’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hartford Financial Services Group's marine — prior accident year development [1]?: The Hartford Financial Services Group (HIG) reported marine — prior accident year development [1] of $4M in Q1 2026.
What is the long-term trend for The Hartford Financial Services Group's marine — prior accident year development [1]?: Over 2 years (2022 to 2025), The Hartford Financial Services Group's marine — prior accident year development [1] has grown at a -100.0% compound annual growth rate (CAGR), from $2M to $0.
What does marine — prior accident year development [1] mean?: This metric represents the change in estimated ultimate losses for claims occurring in previous accident years. It reflects the accuracy of initial loss reserves as claims are settled or as new information becomes available over time.