Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 383

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 383
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 high quality whole loans, and the Company may sell participation interests in one or more loans to third parties. A loan participation interest represents a pro-rata share in interest and principal payments generated by the participated loan, and the relationship between the Company as loan originator, lead participant and servicer and the third party as a participant are governed by a participation agreement.As of September 30, 2025, mortgage loans had an amortized cost of $6.7 billion and carrying value of $6.6 billion, with an ACL of $49. 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.The Company funded $786 of commercial mortgage loans, primarily industrial and multifamily properties, with a weighted average loan-to-value (“LTV”) ratio of 57% and a weighted average yield of 6.5% during the nine months ended September 30, 2025. 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 September 30, 2025, or December 31, 2024.

Municipal Bonds

Available-For-Sale Investments in Municipal Bonds September 30, 2025December 31, 2024 Amortized CostFair ValueWeighted Average Credit QualityAmortized CostFair ValueWeighted Average Credit QualityGeneral Obligation$839 $834 AA$1,033 $1,008 AAPre-Refunded [1]45 45 AA+86 87 AA+RevenueTransportation934 892  A+ 1,134 1,084 A+Health Care878 815  A+ 864 789 A+Leasing [2]528 501  AA 627 588 AAEducation358 344  AA 402 385 AAWater & Sewer250 230  AA 308 289 AASales Tax165 163  AA 183 183 AAPower152 144  A+ 281 272 AHousing145 140  AA 195 185 AAOther396 373  AA- 461 434 AA-Total Revenue3,806 3,602 AA-4,455 4,209 AA-Total Municipal$4,690