The Hartford 2014 Annual Report Download - page 59
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The previous table shows the cumulative deficiency (redundancy) of the Company’s reserves, net of reinsurance, as now estimated with the benefit of
additional information. Those amounts are comprised of changes in estimates of gross losses and changes in estimates of related reinsurance recoveries.
The following table, for the periods presented, reconciles the net reserves to the gross reserves, as initially estimated and recorded, and as currently estimated
and recorded, and computes the cumulative deficiency (redundancy) of the Company’s reserves before reinsurance.
Reinsurance and other recoverables, as
initially estimated 5,403 4,387 3,922 3,586 3,441 3,077 3,033 3,027 3,028 3,041
Re-estimated and other reinsurance
recoverables 6,296 4,732 4,443 4,115 3,713 3,376 3,292 3,099 3,041
The following table is derived from the Loss Development table and summarizes the effect of reserve re-estimates, net of reinsurance, on calendar year
operations for the ten-year period ended December 31, 2014. The total of each column details the amount of reserve re-estimates made in the indicated
calendar year and shows the accident years to which the re-estimates are applicable. The amounts in the total accident year column on the far right represent
the cumulative reserve re-estimates during the ten year period ended December 31, 2014 for the indicated accident year(s).
2004 & Prior $ 248 $ 399 $ 402 $ 104 $ 226 $ 207 $ 287 $ (2) $ 151 $ 352 $ 2,374
2005 — (103) (214) (133) (47) (91) (5) 6 (6) (6) (599)
2006 — — (140) (148) (213) (118) (45) (7) (69) 2 (738)
2007 — — — (49) (113) (156) (71) (15) (67) 10 (461)
2008 — — — — (39) 1 (31) (1) (37) (13) (120)
2009 — — — — — (39) (13) (24) (8) 7 (77)
2010 — — — — — — 245 3 61 (22) 287
2011 — — — — — — — 36 148 (4) 180
2012 — — — — — — — — 19 — 19
2013 — — — — — — — — — (98) (98)
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