Company: HIG-PG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000874766-25-000040
Chunk: 86

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 86
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                          |   16.3 |      % |                             |   14.8 |      % |
| Average of 2022, 2023 and 2024 Compensation Core ROE = 16.3%                                                                                                             |     |   |        |                          |                          |        |        |                             |        |        |

(1) The amounts as reported in this table for 2022 do not reflect impacts of the Company's adoption of FASB's LDTI guidance.

(2) The catastrophe budget for each year will be based on the multi-year outlook finalized in the first quarter of the year of grant. The catastrophe budget will be adjusted only for changes in exposures between what is assumed in the multi-year outlook versus exposures as the book is actually constituted in each respective year.

| 2025 Proxy Statement |     | 83 |

| APPENDIX A |

Underlying Combined Ratio: This non-GAAP financial measure of underwriting results represents the combined ratio before catastrophes, prior accident year development and current accident year change in loss reserves upon acquisition of a business. Combined ratio is the most directly comparable GAAP measure. The Company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve development. The changes to loss reserves upon acquisition of a business are excluded from underlying combined ratio because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. Below is a reconciliation of combined ratio to the underlying combined ratio for individual reporting segments for the year-ended December 31, 2024.

|                                                                                                    |     |      | Business Insurance |     |      | Personal Insurance |
| Combined Ratio                                                                                     |     |      |               89.9 |     |      |               99.1 |
| Impact of current accident year catastrophes and prior accident year development on combined ratio |     | -2.0 |                    |     | -5.1 |                    |
| Underlying Combined Ratio                                                                          |     | 87.9 |                    |     | 94.1 |                    |

Core earnings per diluted share: This non-GAAP per share measure is calculated using the non-GAAP financial measure core earnings rather than the GAAP measure net income. The Company believes that core earnings per diluted share provides investors with a valuable measure of the Company