Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1654

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1654
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Fully insured — ongoing premiums$6,392 $6,290 $5,858 2 %7 %Buyout premiums1 8 12 (88 %)(33 %)Fee income222 217 187 2 %16 %Total premiums and other considerations$6,615 $6,515 $6,057 2 %8 %Fully insured ongoing sales$718 $839 $801 (14 %)5 %

Ratios, Excluding Buyouts

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Group disability loss ratio68.0 %67.1 %68.3 %0.9(1.2)Group life loss ratio78.7 %83.5 %87.4 %(4.8)(3.9)Total loss ratio70.8 %71.8 %74.5 %(1.0)(2.7)Expense ratio [1]25.4 %24.3 %25.3 %1.1(1.0)

[1]Integration and transaction costs related to the acquisition of Aetna's U.S. group life and disability business are not included in the expense ratio.

Margin

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Net income margin7.9 %7.7 %5.1 %0.22.6Adjustments to reconcile net income margin to core earnings margin:Net realized losses, before tax0.4 %0.4 %1.8 %0.0(1.4)Integration and other non-recurring M&A costs, before tax— %0.1 %0.1 %(0.1)0.0Income tax expense(0.1 %)(0.1 %)(0.5 %)0.00.4Core earnings margin8.2 %8.1 %6.5 %0.11.6

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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

Net Income  Year ended December 31, 2024 compared to the year ended December 31,