Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1697

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1697
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 13 - Debt of Notes to Consolidated Financial Statements.•Preferred stock and common stock dividends, subject to the discretion of the Board of Directors.Equity repurchase program:In 2024, the Company repurchased 14.4 million common shares for $1.5 billion under two share repurchase programs authorized by the Board of Directors. The Company had a $3.0 billion share repurchase authorization which was effective through December 31, 2024. In addition to this authorization, in July 2024, the Board of Directors approved a $3.3 billion share repurchase authorization effective from August 1, 2024 to December 31, 2026. As of December 31, 2024, the Company has $3.15 billion remaining for equity repurchases under the share repurchase program effective through 2026. During the period January 1, 2025 through February 20, 2025, the Company repurchased approximately 2.2 million common shares for $248.The timing of any repurchases is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.|LIQUIDITY REQUIREMENTS AND SOURCES OF CAPITALThe Hartford Insurance Group, Inc. ("HIG Holding Company")The liquidity requirements of the HIG Holding Company will primarily be met by HIG Holding Company’s fixed maturities; short-term investments and cash; and dividends from its subsidiaries, principally its insurance operations. The Company 

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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

maintains sufficient liquidity and has a variety of contingent liquidity resources to manage liquidity across a range of economic scenarios.The HIG Holding Company expects to continue to receive dividends from its operating subsidiaries in the future and manages capital in its operating subsidiaries to be sufficient under significant economic stress scenarios. Dividends from subsidiaries and other sources of funds at the holding company 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