Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 112

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 112
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 All amounts are before income taxes.[2]Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein.[3]Changes in unrealized gains (losses) on fixed maturities, AFS are reported in changes in net unrealized gain (loss) on fixed maturities in the Condensed Consolidated Statements of Comprehensive Income (Loss).

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Table of ContentsNote 4 - Fair Value MeasurementsThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Fair Value OptionThe Company has elected the fair value option for certain investments in residual interests of securitizations and other securities that contain embedded credit derivatives with underlying credit risk related to residential real estate in order to reflect changes in fair value in earnings. These instruments are included within FVO securities on the Condensed Consolidated Balance Sheets and changes in the fair value of these investments are reported in net realized gains and losses.As of September 30, 2025 and December 31, 2024, the fair value of assets using the fair value option was $191 and $308, respectively, of which $191 and $197, respectively, were residual interests of securitizations.For the three and nine months ended September 30, 2025, net realized gains (losses) related to the change in fair value of assets using the fair value option were $7 and $(10), respectively. For the three and nine months ended September 30, 2024, net realized losses related to the change in fair value of assets using the fair value option were $5 and $2, respectively.Financial Instruments Not Carried at Fair ValueFinancial Assets and Liabilities Not Carried at Fair ValueSeptember 30, 2025December 31, 2024Fair Value Hierarchy LevelCarrying Amount [1]Fair ValueFair Value Hierarchy LevelCarrying Amount [1]Fair ValueAssetsMortgage loansLevel 3$6,619 $6,362 Level 3$6,396 $5,901 LiabilitiesOther policyholder funds and benefits payableLevel 3$614 $615 Level 3$614 $614 Senior notes [2]Level 2$3,871 $3,536 Level 2$3,867 $3,406 Junior subordinated debentures [2]Level 2$499 $470 Level 2$499 $460 [1