Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 166

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 166
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 on supplemental health products.Insurance operating costs and other expenses were higher primarily due to the effect of an increase in fully insured ongoing premium.Fully Insured Ongoing Premiums[1]Other of $104 and $118 for the three months ended March 31, 2024 and 2025 respectively, which includes other group coverages such as retiree health insurance, critical illness, accident and hospital indemnity coverages.Three months ended March 31, 2025 compared to the three months ended March 31, 2024Fully insured ongoing premiums increased over prior year and included an increase in exposure on existing accounts, new business sales, and persistency in excess of 90%, though slightly below the prior year.Fully insured ongoing sales decreased compared to prior year driven by lower sales for the paid family and medical leave product and fewer large case sales. 

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Ratios Three months ended March 31, 2025 compared to the three months ended March 31, 2024Loss ratio improved 1.6 points in the three months ended March 31, 2025 compared to the prior year period driven by a lower group life and group disability loss ratio, partially offset by a higher loss ratio on supplemental health products. The group life loss ratio decreased 2.7 points driven by a lower level of mortality. The group disability loss ratio decreased 1.1 points driven by a lower loss ratio on paid family and medical leave products, partially offset by a higher long-term disability loss ratio driven by higher incidence, although favorable to long-term historical averages. Improvement in the paid family and medical leave loss ratio in 2025 reflects pricing actions to address benefit utilization trends as well as a decrease in recent claim emergence. Expense ratio is flat compared to prior year with expenses increasing due to the effect of an increase in fully insured premium.

Hartford Funds - Results of Operations

Operating Summary

Three Months Ended March 31,20252024ChangeFee income and other revenue$260 $250 4 %Net investment income4 4 — %Net realized gains— 5 (100)%Total revenues264 259 2 %Operating costs and other expenses209 203 3 % Income before income taxes55 56 (2)%Income tax expense [1]12 11 9 %Net income$43 $