Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1393

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1393
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 participant are governed by a participation agreement.As of December 31, 2024, mortgage loans had an amortized cost of $6.4 billion and carrying value of $6.4 billion, with an ACL of $44. As of December 31, 2023, mortgage loans had an amortized cost of $6.1 billion and carrying value of $6.1 billion, with an ACL of $51. The release in the allowance reflects write-offs, improved economic scenario forecasts and property specific reductions, partially offset by net additions of new loans.The Company funded $601 million of commercial mortgage loans, primarily industrial properties, with a weighted average loan-to-value (“LTV”) ratio of 58% and a weighted average yield of 7.1% during the twelve months ended December 31, 2024. The Company continues to originate commercial mortgage loans on institutional-quality properties with strong LTV ratios. There were no mortgage loans held for sale as of December 31, 2024, or December 31, 2023.Municipal BondsThe following table presents the Company’s exposure to municipal bonds by type and weighted average credit quality included in the preceding Securities by Type table.

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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

Available For Sale Investments in Municipal Bonds

December 31, 2024December 31, 2023Amortized CostFair ValueWeighted Average Credit QualityAmortized CostFair ValueWeighted Average Credit QualityGeneral Obligation$1,033 $1,008 AA$807 $814 AAPre-refunded [1]86 87 AA+155 158 AA+RevenueTransportation1,134 1,084  A+ 1,325 1,298 A+Health Care864 789  A+ 974 902 A+Leasing [2]627 588  AA 761 732 AA-Education402 385  AA 527 520 AAWater & Sewer308 289  AA 362 347 AA+Power281 272  A 275 271 AHousing195 185 AA179 172 AASales Tax183 183  AA 231 237 AAOther461 434  AA- 611 588 A+Total Revenue4,455 4,209 AA-