Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 935

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 12
Chunk 935
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(3)Changes in unrealized gains (losses), net2 (1)8 — 9 Purchases— 10 3 — 13 Sales— — (30)— (30)Transfers into Level 3 [2]5 — — — 5 Transfers out of Level 3 [2](2)— — — (2)Fair Value as of December 31, 2023$36 $10 $143 $1 $190 [1]"Other" includes CMBS.[2]Transfers into and/or (out of) Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing. There was less than $1 in Company common stock included in the U.S. Pension Plan’s assets as of December 31, 2024 and 2023 as part of a passive indexing strategy.Other Postretirement Plan Assets at Fair ValueAs of December 31, 2024As of December 31, 2023Asset CategoryLevel 1Level 2Level 3TotalLevel 1Level 2Level 3TotalShort-term investments$8 $— $— $8 $16 $— $— $16 Fixed Income Securities:U.S. Treasuries— — — — — 2 — 2 Total other postretirement plan assets at fair value$8 $— $— $8 $16 $2 $— $18 There was no Company common stock included in the other postretirement benefit plan assets as of December 31, 2024 and 2023.Concentration of RiskIn order to minimize risk, the Pension Plan maintains a listing of permissible and prohibited investments. In addition, the Pension Plan has certain concentration limits and investment quality requirements imposed on permissible investment options. Permissible investments include U.S. equity, international equity, limited partnership and fixed income investments including derivative instruments. Permissible derivative instruments include futures contracts, options, swaps, currency forwards, caps or floors and may be used to control risk or enhance return but will not be used for leverage purposes.Securities specifically prohibited from purchase include, but are not limited to: shares or fixed income instruments issued by The Hartford (other than equity securities purchased on the open market as part of a passively managed strategy), short sales of any type within