Workers' Compensation — Prior accident year development [1]
The Hartford Financial Services Group Workers' Compensation — Prior accident year development [1] increased by 11.9% to -$59.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.2%, from -$65.00M to -$59.00M. Over 3 years (FY 2022 to FY 2025), Workers' Compensation — Prior accident year development [1] shows a downward trend with a 7.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Negative values indicate favorable reserve development, which boosts current period earnings; positive values indicate unfavorable development, which reduces earnings.
Detailed definition
This metric represents the change in estimated ultimate losses for claims occurring in previous accident years. It refle...
Peer comparison
Commonly reported by P&C insurers as 'prior year reserve development' or 'reserve strengthening/release'.
hig_segment_workers_compensation_prior_accident_year_development_1Historical Data
| 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 | -$51.00M | -$51.00M | -$51.00M | -$51.00M | -$59.00M | -$59.00M | -$59.00M | -$59.00M | -$67.00M | -$52.00M | -$69.00M | -$70.00M | -$65.00M | -$61.00M | -$62.00M | -$67.00M | -$59.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -15.7% | +0.0% | +0.0% | +0.0% | -13.6% | +22.4% | -32.7% | -1.4% | +7.1% | +6.2% | -1.6% | -8.1% | +11.9% |
| YoY Change | — | — | — | — | -15.7% | -15.7% | -15.7% | -15.7% | -13.6% | +11.9% | -16.9% | -18.6% | +3.0% | -17.3% | +10.1% | +4.3% | +9.2% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's workers' compensation — prior accident year development [1]?
- The Hartford Financial Services Group (HIG) reported workers' compensation — prior accident year development [1] of -$59.00M in Q1 2026.
- How has The Hartford Financial Services Group's workers' compensation — prior accident year development [1] changed year-over-year?
- The Hartford Financial Services Group's workers' compensation — prior accident year development [1] increased by 9.2% year-over-year, from -$65.00M to -$59.00M.
- What is the long-term trend for The Hartford Financial Services Group's workers' compensation — prior accident year development [1]?
- Over 3 years (2022 to 2025), The Hartford Financial Services Group's workers' compensation — prior accident year development [1] has grown at a 7.7% compound annual growth rate (CAGR), from -$204.00M to -$255.00M.
- What does workers' compensation — prior accident year development [1] mean?
- The adjustment to loss reserves for claims that occurred in past years.