Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 201

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 201
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 due to lower underwriting losses as well as lower other expenses resulting from a one-time contract settlement charge on a claims servicing agreement recorded in the 2024 periods.Underwriting loss decreased slightly for the three month period due to a decrease in underwriting expenses. Underwriting loss decreased for the nine month period due to unfavorable prior accident year reserve development in the 2024 period.

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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

Employee Benefits - Results of Operations

Operating SummaryThree Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangePremiums and other considerations$1,658 $1,655 —%$4,989 $4,959 1 %Net investment income [1]136 119 14%380 345 10 %Net realized losses [1](8)— NM(28)(8)NMTotal revenues1,786 1,774 1%5,341 5,296 1 %Benefits, losses and loss adjustment expenses1,163 1,161 —%3,512 3,512 — %Amortization of DAC8 8 —%25 26 (4)%Insurance operating costs and other expenses425 401 6%1,238 1,185 4 %Amortization of other intangible assets10 10 —%30 30 — %Total benefits, losses and expenses1,606 1,580 2%4,805 4,753 1 % Income before income taxes180 194 (7%)536 543 (1)% Income tax expense [2]36 38 (5%)109 108 1 %Net income$144 $156 (8%)$427 $435 (2)%

[1]For discussion of consolidated investment results, see MD&A - Investment Results.

[2]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Premiums and Other ConsiderationsThree Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeFully insured – ongoing premiums$1,603 $1,600 —%$4,817 $4,792 1 %Buyout premiums— — —%