Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 430

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 430
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72 54 53 — — 7 7 — — 137 132 Total CMBS948 886 1,758 1,581 371 317 154 126 235 215 3,466 3,125 RMBS   Agency— — 2,342 2,185 — — — — — — 2,342 2,185    Non-Agency1,263 1,144 526 477 300 260 189 169 15 12 2,293 2,062    Sub-Prime1 1 12 12 5 5 10 10 12 12 40 40 Total RMBS1,264 1,145 2,880 2,674 305 265 199 179 27 24 4,675 4,287 Total CMBS & RMBS$2,212 $2,031 $4,638 $4,255 $676 $582 $353 $305 $262 $239 $8,141 $7,412 

[1]Includes securities with pools of loans issued by the Small Business Administration which are backed by the full faith and credit of the U.S. government.

The Company also has exposure to commercial mortgage loans. These loans are collateralized by real estate properties that are diversified both geographically throughout the United States and by property type. These commercial loans are originated by the Company as high quality whole loans, and the Company may sell participation interests in one or more loans to third parties. A loan participation interest represents a pro-rata share in interest and principal payments generated by the participated loan, and the relationship between the Company as loan originator, lead participant and servicer and the third party as a participant are governed by a participation agreement.As of December 31, 2024, mortgage loans had an amortized cost of $6.4 billion and carrying value of $6.4 billion, with an ACL of $44. As of December 31, 2023, mortgage loans had an amortized cost of $6.1 billion and carrying value of $6.1 billion, with an ACL of $51. The release in the allowance reflects write-offs, improved economic scenario forecasts and property specific reductions, partially offset by net additions of new loans.The Company funded $601 million of commercial mortgage