Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 67

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 2
Chunk 67
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 no mortgage loans held for sale as of June 30, 2025, or December 31, 2024.

Municipal Bonds

Available-For-Sale Investments in Municipal Bonds June 30, 2025December 31, 2024 Amortized CostFair ValueWeighted Average Credit QualityAmortized CostFair ValueWeighted Average Credit QualityGeneral Obligation$940 $911 AA$1,033 $1,008 AAPre-refunded [1]47 47 AA+86 87 AA+RevenueTransportation913 843  A+ 1,134 1,084 A+Health Care907 822  A+ 864 789 A+Leasing [2]564 526  AA 627 588 AAEducation379 356  AA 402 385 AAWater & Sewer296 269  AA 308 289 AAHousing185 175 AA195 185 AAPower174 160 A+281 272 ASales Tax166 159  AA 183 183 AAOther414 382  A+ 461 434 AA-Total Revenue3,998 3,692 AA-4,455 4,209 AA-Total Municipal$4,985 $4,650 AA-$5,574 $5,304 AA-

[1]Pre-refunded bonds are bonds for which an irrevocable trust containing sufficient U.S. treasury, agency, or other securities has been established to fund the remaining payments of principal and interest.

[2]Leasing revenue bonds are generally the obligations of a financing authority established by the municipality that leases facilities back to a municipality. The notes are typically secured by lease payments made by the municipality that is leasing the facilities financed by the issue. Lease payments may be subject to annual appropriation by the municipality, or the municipality may be obligated to appropriate general tax revenues to make lease payments.

As of June 30, 2025, the largest issuer concentrations were the State of California, the State of Illinois, and CommonSpirit Health, which each comprised less than 3% of the municipal bond portfolio and were primarily comprised of general obligation and revenue bonds. As of December 31, 2024, the largest issuer concentrations were the State of Illinois, the State of California, and the Metropolitan Transportation Authority, which each comprised less than 3% of