Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 845

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 12
Chunk 845
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 as of December 31, 2023Less Than 12 Months12 Months or MoreTotalFair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesABS$604 $(6)$1,043 $(39)$1,647 $(45)CLOs209 (1)2,249 (16)2,458 (17)CMBS117 (7)2,837 (341)2,954 (348)Corporate810 (10)11,149 (1,003)11,959 (1,013)Foreign govt./govt. agencies27 — 368 (27)395 (27)Municipal329 (3)3,196 (296)3,525 (299)RMBS181 (3)3,207 (403)3,388 (406)U.S. Treasuries120 (11)1,121 (139)1,241 (150)Total fixed maturities, AFS in an unrealized loss position$2,397 $(41)$25,170 $(2,264)$27,567 $(2,305)As of December 31, 2024, fixed maturities, AFS in an unrealized loss position consisted of 3,933 instruments and were primarily depressed due to higher interest rates and/or wider credit spreads since the purchase date. As of December 31, 2024, 94% of these fixed maturities were depressed less than 20% of cost or amortized cost. The total gross unrealized losses as of December 31, 2024 are largely consistent with year-end 2023.Most of the fixed maturities depressed for twelve months or more relate to the corporate sector, RMBS, municipal bonds, and CMBS, which were primarily depressed because current rates are higher and/or market spreads are wider than at the respective purchase dates. The Company neither has an intention to sell nor does it expect to be required to sell the fixed maturities outlined in the preceding discussion. The decision to record credit losses on fixed maturities, AFS in the form of an ACL requires us to make qualitative and quantitative estimates of expected future cash flows.

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 5 - InvestmentsTHE HARTFORD INSURANCE GROUP, INC.NOTES TO