Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 120

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 120
---
 historical data about mortgage loan performance based on DSCRs and LTVs and projects the probability of default, amount of loss given a default and resulting expected loss through maturity for each loan under each economic scenario. Economic scenarios are probability-weighted based on a statistical analysis of the forecasted economic factors and qualitative analysis. The Company records the change in the ACL on mortgage loans based on the weighted-average expected credit losses across the selected economic scenarios.When a borrower is experiencing financial difficulty, including when foreclosure is probable, the Company measures an ACL on individual mortgage loans. The ACL is established for any shortfall between the amortized cost of the loan and the fair value of the collateral less costs to sell. Estimates of collectibility from an individual borrower require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates. In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates. During the period in which all or a portion of the mortgage loan is determined to be uncollectible, the ACL is written off against the amortized cost.There were no mortgage loans held-for-sale as of September 30, 2025 or December 31, 2024. For the three and nine months ended September 30, 2025, the Company had no mortgage loans that have had extensions or restructurings other than what is allowable under the original terms of the contract or with borrowers experiencing financial difficulties. For the three and nine months ended September 30, 2024, one office property mortgage loan with an amortized cost of $9 was granted a term extension of three years at the original rate which is a below-market rate with a borrower experiencing financial difficulties. The modified loan represented less than 1% of the portfolio and is current and performing in conjunction with the modified terms.ACL on Mortgage LoansThree Months Ended September 30,Nine Months Ended September 30,2025202420252024ACL as of beginning of period$43 $48 $44 $51 Current period provision (release)6 — 6 (3)Current period gross write-offs— (4)(1)(4)ACL as of September 30,$49 $44 $49 $44 The weighted-average LTV ratio of the Company’s mortgage loan portfolio was 56% as of September 30, 2025, while the weighted-average LTV ratio at origination of