Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 195

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 195
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 $(2)Total amounts presented on the Consolidated Statement of Operations$2,568 $199 $2,305 $199 $2,177 $213 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 6 - DerivativesTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

As of December 31, 2024, the before tax deferred net gains on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $40. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities and long-term debt that will occur over the next twelve months. Over that time, the Company will recognize the deferred net gains (losses) as an adjustment to net investment income or interest expense, as applicable, over the term of the hedged instrument cash flows.During the years ended December 31, 2024, 2023, and 2022, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.Non-qualifying StrategiesFor non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized gains (losses).Non-Qualifying Strategies Recognized within Net Realized Gains (Losses)For the Year Ended December 31, 202420232022Foreign exchange contractsForeign currency swaps and forwards$— $— $5 Interest rate contractsInterest rate swaps and futures8 (3)25 Credit contractsCredit derivatives that purchase credit protection— (105)4 Equity contractsEquity index options5 — (2)Commodity contractsCommodity options— — 14 Total [1]$13 $(108)$46 [1]Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 4 - Fair Value Measurements. Credit Risk Assumed through Credit DerivativesThe Company enters into credit default swaps that assume credit risk of a single entity or referenced index in order to synthetically replicate investment transactions that are permissible under the Company's investment policies. The