Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1361

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1361
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%35 %Net loss(72)(121)(195)40 %38 %Preferred stock dividends21 21 21 — %— %Net loss available to common stockholders$(93)$(142)$(216)35 %34 %

[1]Includes investment management fees and expenses related to managing third-party business.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]Includes benefits expense on life and annuity business previously underwritten by the Company.

[4]For discussion of debt, see Note 13 - Debt of Notes to Consolidated Financial Statements.

[5]For discussion of income taxes, see Note 16 - Income Taxes of Notes to Consolidated Financial Statements.

Net loss available to common stockholders  Year ended December 31, 2024 compared to the year ended December 31, 2023 Net loss available to common stockholders  for the year ended December 31, 2024 decreased primarily due to an increase in net realized gains, higher net investment income, a $14, before tax, capital-based state tax expense covering several years in the 2023 period, and lower restructuring costs.Interest ExpenseYear ended December 31, 2024 compared to the year ended December 31, 2023Interest expense remained flat for the year ended December 31, 2024.

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

ENTERPRISE RISK MANAGEMENTThe Company’s Board of Directors has ultimate responsibility for risk oversight, as described more fully in our Proxy Statement, while management is tasked with the day-to-day management of the Company’s risks.The Company manages and monitors risk through risk policies, controls and limits. At the senior management level, an Enterprise Risk and Capital Committee ("ERCC") oversees the risk profile and risk management practices of the Company. As illustrated below, a number of functional committees sit underneath the ERCC, providing oversight of specific risk areas and recommending risk mitigation strategies to the ERCC. 

ERCC MembersCEO (Chair)Chief Financial OfficerChief Investment OfficerChief Risk OfficerChief Underwriting OfficerGeneral CounselOthers as deemed necessary by the Committee Chair

ERCCAsset Liability CommitteeUnderwriting Risk CommitteeEmerging Risk Steering CommitteeOperational Risk CommitteeEconomic Capital Executive CommitteeModel Oversight CommitteeExecutive Artificial Intelligence Governance Council

The Company's enterprise risk management ("ERM") function supports the ERCC and functional committees