Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 34

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 34
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 Benefits - Results of Operations

Operating SummaryThree Months Ended March 31,20252024ChangePremiums and other considerations$1,668 $1,639 2 %Net investment income [1]126 114 11 %Net realized gains (losses) [1](4)1 NMTotal revenues1,790 1,754 2 %Benefits, losses and loss adjustment expenses1,199 1,204 — %Amortization of DAC8 9 (11)%Insurance operating costs and other expenses406 397 2 %Amortization of other intangible assets10 10 — %Total benefits, losses and expenses1,623 1,620 — % Income before income taxes167 134 25 % Income tax expense [2]34 26 31 %Net income$133 $108 23 %

[1]For discussion of consolidated investment results, see MD&A - Investment Results.

[2]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Premiums and Other ConsiderationsThree Months Ended March 31,20252024ChangeFully insured – ongoing premiums$1,612 $1,585 2 %Buyout premiums— — — %Fee income56 54 4 %Total premiums and other considerations$1,668 $1,639 2 %Fully insured ongoing sales$381 $444 (14)%

Ratios, Excluding BuyoutsThree Months Ended March 31,20252024ChangeGroup disability loss ratio69.0 %70.1 %(1.1)Group life loss ratio79.9 %82.6 %(2.7)Total loss ratio71.9 %73.5 %(1.6)Expense ratio25.4 %25.4 %—

MarginThree Months Ended March 31,20252024ChangeNet income margin7.4 %6.2 %1.2 Adjustments to reconcile net income margin to core earnings margin:Net realized gains (losses), before tax0.3 %(0.1 %)0.4 Income tax benefit(0.1 %)— %(0.1)Core earnings margin7.6 %6.1 %1.5 

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Table of ContentsIndex to MD&A Part