The Hartford 2012 Annual Report Download - page 53
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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,
2010:
Reinsurance and other recoverables 2,570 11 860 3,441
Current accident year before catastrophes 3,579 2,737 — 6,316
Current accident year catastrophes 152 300 — 452
Prior accident years (361) (86) 251 (196)
Less: Payments 3,485 2,889 460 6,834
Reinsurance and other recoverables 2,361 17 699 3,077
Earned premiums $ 5,744 $ 3,947
Loss and loss expense paid ratio [1] 60.7 73.2
Loss and loss expense incurred ratio 58.7 74.8
Prior accident years development (pts) [2] (6.3)(2.2)
[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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