The Hartford 2015 Annual Report Download - page 54

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A roll-forward of property and casualty insurance product liabilities for unpaid losses and loss adjustment expenses follows:
Year Ended December 31, 2013
Commercial
Lines Personal Lines
Property &
Casualty Other
Operations
Total Property
& Casualty
Insurance
Beginning liabilities for unpaid losses and loss adjustment
expenses, gross $ 16,020 $ 1,926 $ 3,770 $ 21,716
Reinsurance and other recoverables 2,365 16 646 3,027
Beginning liabilities for unpaid losses and loss adjustment
expenses, net 13,655 1,910 3,124 18,689
Provision for unpaid losses and loss adjustment expenses
Current accident year before catastrophes 3,897 2,412 — 6,309
Current accident year catastrophes [3] 105 207 — 312
Prior accident year development 83 (39) 148 192
Total provision for unpaid losses and loss adjustment
expenses 4,085 2,580 148 6,813
Less: payments 3,889 2,639 298 6,826
Ending liabilities for unpaid losses and loss adjustment
expenses, net 13,851 1,851 2,974 18,676
Reinsurance and other recoverables 2,442 13 573 3,028
Ending liabilities for unpaid losses and loss adjustment
expenses, gross $ 16,293 $ 1,864 $ 3,547 $ 21,704
Earned premiums $ 6,203 $ 3,660
Loss and loss expense paid ratio [1] 62.7 72.1
Loss and loss expense incurred ratio 65.9 70.5
Prior accident year development (pts) [2] 1.3 (1.1)
[1] The “loss and loss expense paid ratio” represents the ratio of paid losses and loss adjustment expenses to earned premiums.
[2] “Prior accident year development (pts)” represents the ratio of prior accident year development to earned premiums.
[3] Contributing to the current accident year catastrophes losses were the following events:
Year Ended December 31, 2013
Category Commercial Lines Personal Lines
Total
Property and
Casualty
Insurance
Wind and hail [1] $ 65 $ 103 $ 168
Tornadoes [1] 27 63 90
Other [2] 13 41 54
Total $ 105 $ 207 $ 312
[1] Amounts represent an aggregation of multiple catastrophes.
[2] Includes wildfire, winter storms and flooding.