Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 73

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 73
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 ContentsThe Hartford Insurance Group, Inc.Condensed Consolidated Statements of Operations

Three Months Ended March 31,(in millions, except for per share data)20252024(Unaudited)RevenuesEarned premiums$5,835 $5,446 Fee income346 333 Net investment income656 593 Net realized gains (losses)(49)28 Other revenues22 19 Total revenues6,810 6,419 Benefits, losses and expensesBenefits, losses and loss adjustment expenses4,000 3,611 Amortization of deferred policy acquisition costs ("DAC")607 545 Insurance operating costs and other expenses1,352 1,283 Interest expense50 50 Amortization of other intangible assets18 18 Restructuring and other costs— 1 Total benefits, losses and expenses6,027 5,508 Income before income taxes783 911 Income tax expense153 158 Net income630 753 Preferred stock dividends5 5 Net income available to common stockholders$625 $748 Net income available to common stockholders per common shareBasic$2.18 $2.51 Diluted$2.15 $2.47 

See Notes to Condensed Consolidated Financial Statements.

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Table of ContentsThe Hartford Insurance Group, Inc.Condensed Consolidated Statements of Comprehensive Income (Loss)

  Three Months Ended March 31,(in millions)20252024 (Unaudited)Net income$630 $753 Other comprehensive income (loss) ("OCI"):Change in net unrealized gain (loss) on fixed maturities, available-for-sale ("AFS")302 (160)Change in unrealized losses on fixed maturities with an allowance for credit losses ("ACL")— 1 Change in net gain on cash flow hedging instruments— — Change in foreign currency translation adjustments— (1)Change in liability for future policy benefits adjustments(3)5 Change in pension and other postretirement plan adjustments7 7 OCI, net of tax306 (148)Comprehensive income$936 $605 

See Notes to Condensed Consolidated Financial Statements.

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Table of ContentsThe Hartford Insurance Group, Inc.Condensed Consolidated Balance Sheets

(in millions, except for share and per share data)March 31,2025December 31, 2024 (Unaudited)AssetsInvestments: