Property Insurance — Prior accident year development [1]
The Hartford Financial Services Group Property Insurance — Prior accident year development [1] increased by 9.5% to -$19.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from -$21.00M to -$19.00M. Over 3 years (FY 2021 to FY 2025), Property Insurance — Prior accident year development [1] shows a downward trend with a 54.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Negative development (favorable) indicates that prior reserves were redundant, while positive development (unfavorable) suggests under-reserving in previous periods.
Detailed definition
This metric reflects the change in estimated ultimate losses for claims that occurred in previous years, based on new in...
Peer comparison
Commonly reported as 'Prior Year Reserve Development' in P&C insurance financial disclosures.
hig_segment_property_insurance_prior_accident_year_development_1Historical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '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 | -$3.00M | -$3.00M | -$1.00M | -$15.00M | -$6.00M | $2.00M | $4.00M | -$3.00M | $2.00M | -$16.00M | -$3.00M | -$12.00M | -$7.00M | -$13.00M | -$21.00M | -$33.00M | -$10.00M | -$21.00M | -$19.00M |
| QoQ Change | — | +0.0% | +66.7% | <-999% | +60.0% | +133.3% | +100.0% | -175.0% | +166.7% | -900.0% | +81.3% | -300.0% | +41.7% | -85.7% | -61.5% | -57.1% | +69.7% | -110.0% | +9.5% |
| YoY Change | — | — | — | — | -100.0% | +166.7% | +126.7% | +50.0% | +0.0% | — | -175.0% | -300.0% | -450.0% | +18.8% | -600.0% | -175.0% | -42.9% | -61.5% | +9.5% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's property insurance — prior accident year development [1]?
- The Hartford Financial Services Group (HIG) reported property insurance — prior accident year development [1] of -$19.00M in Q1 2026.
- How has The Hartford Financial Services Group's property insurance — prior accident year development [1] changed year-over-year?
- The Hartford Financial Services Group's property insurance — prior accident year development [1] increased by 9.5% year-over-year, from -$21.00M to -$19.00M.
- What is the long-term trend for The Hartford Financial Services Group's property insurance — prior accident year development [1]?
- Over 3 years (2021 to 2025), The Hartford Financial Services Group's property insurance — prior accident year development [1] has grown at a 54.6% compound annual growth rate (CAGR), from -$23.00M to -$85.00M.
- What does property insurance — prior accident year development [1] mean?
- The adjustment to estimated costs for insurance claims that occurred in past years.