Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 839

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 12
Chunk 839
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5 Gross investment income$2,667 $2,396 $2,257 Investment expenses(99)(91)(80)Total net investment income$2,568 $2,305 $2,177 [1]Includes net investment income on short-term investments.[2]Primarily includes changes in fair value of certain equity fund investments and income from derivatives that qualify for hedge accounting and are used to hedge fixed maturities.Net Realized Gains (Losses)For the years ended December 31,(Before tax)202420232022Gross gains on sales of fixed maturities$31 $30 $57 Gross losses on sales of fixed maturities(198)(149)(315)Equity securities [1]Net realized gains (losses) on sales of equity securities(11)100 (83)Change in net unrealized gains (losses) of equity securities84 (22)(266)Net realized and unrealized gains (losses) on equity securities73 78 (349)Net credit losses on fixed maturities, AFS(2)(14)(18)Change in ACL on mortgage loans3 (15)(7)Intent-to-sell impairments— — (6)Other, net [2]32 (118)11 Net realized (losses)$(61)$(188)$(627)[1]The change in net unrealized gains (losses) on equity securities still held as of the end of the period and included in net realized gains (losses) were $68, $17, and $(108) for the years ended December 31, 2024, 2023, and 2022, respectively.[2]Includes gains (losses) on non-qualifying derivatives for the years ended December 31, 2024, 2023, and 2022 of $13, $(108), and $46, respectively, and gains (losses) from transactional foreign currency revaluation of $20, $(15), and $28, respectively. Proceeds from the sales of fixed maturities, AFS totaled $5.7 billion, $3.8 billion, and $11.4 billion for the years ended December 31, 2024, 2023, and 2022, respectively. Sales of fixed maturities, AFS in 2024 were primarily a result of tactical changes to the portfolio