Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 438

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 438
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 may be used to repurchase shares under the authorized share repurchase program at the discretion of management.Under significant economic stress scenarios, the Company has the ability to meet short-term cash requirements, if needed, by borrowing under its revolving credit facility or by having its insurance subsidiaries take collateralized advances under a facility with the FHLBB. The Company could also choose to have its insurance subsidiaries sell certain highly liquid, high quality fixed maturities or the Company could issue debt in the public markets under its shelf registration.|DIVIDENDSThe Hartford's Board of Directors declared the following quarterly dividends since October 1, 2024:Common Stock DividendsDeclaredRecordPayableAmount per shareOctober 24, 2024December 2, 2024January 3, 2025$0.520 February 19, 2025March 3, 2025April 2, 2025$0.520 Preferred Stock DividendsDeclaredRecordPayableAmount per shareDecember 18, 2024February 1, 2025February 18, 2025$375.00 February 19, 2025May 1, 2025May 15, 2025$375.00 There are no current restrictions on HIG Holding Company's ability to pay dividends to its stockholders. For a discussion of restrictions on dividends to HIG Holding Company from its insurance subsidiaries, see the following "Dividends from Subsidiaries" discussion. For a discussion of potential restrictions on the HIG Holding Company's ability to pay dividends, see Part I, Item 1A, — Risk Factors for the risk factor "Our ability to declare and pay dividends is subject to limitations."|DIVIDENDS FROM SUBSIDIARIESDividends to HIG Holding Company from its insurance subsidiaries are restricted by insurance regulation. The Company’s principal insurance subsidiaries are domiciled in the United States and the United Kingdom.The payment of dividends by Connecticut-domiciled insurers is limited under the insurance holding company laws of Connecticut. These laws require notice to and approval by the state insurance commissioner for the declaration or payment of any dividend, which, together with other dividends or distributions made within the preceding twelve months, exceeds the greater of (i) 10% of the insurer’s statutory policyholder surplus as of December 31 of the preceding year or (ii) net income (or net gain from operations, if such company is a life insurance company) for the preceding year, in