The Hartford 2012 Annual Report Download - page 51
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Table of Contents
A roll-forward follows of property and casualty insurance product liabilities for unpaid losses and loss adjustment expenses for the year ended December 31,
2011:
Reinsurance and other recoverables 2,361 17 699 3,077
Current accident year before catastrophes 4,139 2,536 —6,675
Current accident year catastrophes 320 425 — 745
Prior accident years 125 (75) 317 367
Less: Payments 3,856 2,994 368 7,218
Reinsurance and other recoverables 2,343 9681 3,033
Earned premiums $6,127 $3,747
Loss and loss expense paid ratio [1] 62.9 79.9
Loss and loss expense incurred ratio 74.8 77.0
Prior accident years development (pts) [2] 2.0 (2.0)
[1] The “loss and loss expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums.
[2] “Prior accident years development (pts)” represents the ratio of prior accident years development to earned premiums.
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