Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1658

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1658
---
 Company expects net income for Hartford Funds to increase from 2024 to 2025.

85

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

|CORPORATE - RESULTS OF OPERATIONS

Operating Summary

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Fee income [1]$40 $39 $49 3 %(20 %)Net investment income [2]63 47 26 34 %81 %Net realized gains (losses) [2]42 26 (45)62 %NMOther revenue (loss)2 2 1 — %100 %Total revenues 147 114 31 29 %NMBenefits, losses and loss adjustment expenses [3]8 7 8 14 %(13 %)Insurance operating costs and other expenses [1]54 68 61 (21 %)11 %Interest expense [4]199 199 213 — %(7 %)Restructuring and other costs2 6 13 (67 %)(54 %)Total benefits, losses and expenses263 280 295 (6 %)(5 %)Loss before income taxes(116)(166)(264)30 %37 %Income tax benefit [5](44)(45)(69)2 %35 %Net loss(72)(121)(195)40 %38 %Preferred stock dividends21 21 21 — %— %Net loss available to common stockholders$(93)$(142)$(216)35 %34 %

[1]Includes investment management fees and expenses related to managing third-party business.

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

[3]Includes benefits expense on life and annuity business previously underwritten by the Company.

[4]For discussion of debt, see Note 13 - Debt of Notes to Consolidated Financial Statements.

[5]For discussion of income taxes, see Note 16 - Income Taxes of Notes to Consolidated Financial Statements.

Net loss available to common stockholders  Year ended December 31, 2024 compared to the year ended December 31, 2023 Net loss available to common stockholders  for the year ended December