Products & Services · Prior accident year development [1]
Marine — Prior accident year development [1]
Over 4 years (FY 2021 to FY 2025), Marine — Prior accident year development [1] shows a downward trend with a -100.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
Negative values indicate favorable reserve development, while positive values indicate unfavorable development requiring reserve strengthening.
Detailed definition
This metric represents the change in estimated ultimate losses for claims occurring in previous accident years. It refle...
Peer comparison
Standard industry practice for P&C insurers to report reserve adequacy; peers often show small favorable development.
Metric ID:
hig_segment_marine_prior_accident_year_development_1Historical Data
20 periods
| 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 | -$5.00M | -$1.00M | $1.00M | $0.00 | -$3.00M | $5.00M | $0.00 | $1.00M | -$2.00M | $0.00 | -$1.00M | $7.00M | -$8.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.00M |
| QoQ Change | — | +80.0% | +200.0% | -100.0% | — | +266.7% | -100.0% | — | -300.0% | +100.0% | — | +800.0% | -214.3% | +100.0% | — | — | — | — | — | — |
| YoY Change | — | — | — | — | +40.0% | +600.0% | -100.0% | — | +33.3% | -100.0% | — | +600.0% | -300.0% | — | +100.0% | -100.0% | +100.0% | — | — | — |
Range-$8.00M – $7.00M
CAGR-4.6%
Avg YoY Growth+87.3%
Median YoY Growth+36.7%
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Frequently Asked Questions
- 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 $4.00M in Q1 2026.
- What is the long-term trend for The Hartford Financial Services Group's marine — prior accident year development [1]?
- Over 4 years (2021 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 $1.00M to $0.00.
- What does marine — prior accident year development [1] mean?
- The adjustment to loss estimates for claims that occurred in past years.