Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1395

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1395
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7 %29 6.6 %32 10.5 %Other alternative investments [2]47 9.1 %32 6.6 %(19)(3.8)%Total$148 3.0 %$212 4.8 %$515 14.4 %

[1]Yields calculated using annualized net investment income divided by the monthly average invested assets.

[2]Consists of an insurer-owned life insurance policy which is primarily invested in private equity funds and fixed income.

104

|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Investments in Limited Partnerships and Other Alternative Investments

December 31, 2024December 31, 2023AmountPercentAmountPercentReal estate joint ventures and funds$1,907 37.8 %$1,931 40.4 %Private equity funds1,956 38.8 %1,838 38.4 %Other funds623 12.4 %498 10.4 %Other alternative investments [1]556 11.0 %518 10.8 %Total$5,042 100.0 %$4,785 100.0 %

[1]Consists of an insurer-owned life insurance policy which is primarily invested in private equity funds and fixed income.

Fixed Maturities, AFS — Unrealized Loss AgingThe total gross unrealized losses were $2.2 billion as of December 31, 2024, largely consistent with December 31, 2023. As of December 31, 2024, $1.7 billion of the gross unrealized losses were associated with fixed maturities, AFS depressed less than 20% of amortized cost. The remaining $0.5 billion of gross unrealized losses were associated with fixed maturities, AFS depressed greater than 20%. The fixed maturities, AFS depressed more than 20% primarily related to corporate fixed maturities, U.S. Treasuries, and municipal bonds, that are mainly depressed because current interest rates are higher than at the respective purchase dates.As part of the Company’s ongoing investment monitoring process, the Company has reviewed its fixed maturities, AFS in an unrealized loss position and concluded that these fixed maturities are temporarily depressed and are expected to recover in value