Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1264

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1264
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 leveraged floaters and inverse floaters, including money market obligations, natural resource real properties such as oil, gas or timber and precious metals.Other than U.S. government and certain U.S. government agencies backed by the full faith and credit of the U.S. government, the Pension Plan does not have any material exposure to any concentration risk of a single issuer.

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 18 - Employee Benefit PlansTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

Expected Employer ContributionsThe Company does not have a 2025 required minimum funding contribution for the U.S. qualified defined benefit pension plan. The Company has not determined whether, and to what extent, contributions may be made to the U.S. qualified defined benefit pension plan in 2025. The Company will monitor the funded status of the U.S. qualified defined benefit pension plan during 2025 to make this determination. Benefit PaymentsAmounts of Benefits Expected to be Paid over the next Ten Years from Pension and other Postretirement Plans as of December 31, 2024Pension BenefitsOther Postretirement Benefits2025$249 $15 2026256 13 2027261 12 2028267 11 2029262 11 2030 - 20341,304 46 Total$2,599 $108 

19. STOCK COMPENSATION PLANS The Company's stock-based compensation plans are described below. Shares issued in satisfaction of stock-based compensation may be made available from authorized but unissued shares, shares held by the Company in treasury or from shares purchased in the open market. In 2024, 2023 and 2022, the Company issued shares from treasury in satisfaction of stock-based compensation.The Hartford measures stock compensation at the grant date based on the estimated fair value of the award and recognizes expense on a straight-line basis, net of estimated forfeitures, over the requisite service period. Stock-based compensation expense, included in insurance operating costs and other expenses in the consolidated statement of operations, was as follows:Stock-Based Compensation ExpenseFor the years ended December 31,202420232022Stock-based compensation plans expense$133 $125 $131 Income tax benefit(21)(22)(22)Excess tax benefit on awards vested, exercised and expired(21)(12)(12)Total stock-based compensation plans expense, net of tax$91 $91