Professional Liability Insurance — Prior accident year development [1]
The Hartford Financial Services Group Professional Liability Insurance — Prior accident year development [1] increased by 33.3% to -$4.00M in Q1 2026 compared to the prior quarter. Over 2 years (FY 2022 to FY 2025), Professional Liability Insurance — Prior accident year development [1] shows a downward trend with a 24.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Favorable development (a decrease in estimated liabilities) increases net income and suggests conservative reserving practices. Unfavorable development (an increase in estimated liabilities) reduces net income and may indicate emerging trends in litigation or claim severity.
Detailed definition
This metric measures the change in estimated ultimate losses for professional liability insurance claims that occurred i...
Peer comparison
Peers in the commercial lines insurance sector report this as reserve development or prior year loss emergence, which is a standard indicator of underwriting discipline and actuarial accuracy.
hig_segment_professional_liability_insurance_prior_accident_year_development_1Historical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$6.00M | $0.00 | $0.00 | -$9.00M | $0.00 | -$2.00M | $0.00 | -$3.00M | $0.00 | -$5.00M | -$2.00M | $0.00 | -$20.00M | $0.00 | -$11.00M | $0.00 | -$6.00M | -$4.00M |
| QoQ Change | — | +100.0% | — | — | +100.0% | — | +100.0% | — | +100.0% | — | +60.0% | +100.0% | — | +100.0% | — | +100.0% | — | +33.3% |
| YoY Change | — | — | — | -50.0% | — | — | — | +66.7% | — | — | +33.3% | — | — | +100.0% | -450.0% | — | +70.0% | — |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's professional liability insurance — prior accident year development [1]?
- The Hartford Financial Services Group (HIG) reported professional liability insurance — prior accident year development [1] of -$4.00M in Q1 2026.
- What is the long-term trend for The Hartford Financial Services Group's professional liability insurance — prior accident year development [1]?
- Over 2 years (2022 to 2025), The Hartford Financial Services Group's professional liability insurance — prior accident year development [1] has grown at a 24.3% compound annual growth rate (CAGR), from -$11.00M to -$17.00M.
- What does professional liability insurance — prior accident year development [1] mean?
- The change in estimated costs for professional liability claims from previous years, showing if past loss reserves were accurate.