Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 30

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 30
---
NMNet investment income [2]57 50 14 %Net realized gains (losses) [2](2)1 NMNet servicing and other income (expense) [3]5 4 25 %Income before income taxes5 42 (88)% Income tax expense [4]— 8 (100)%Net income$5 $34 (85)%

[1]For additional information on current accident year catastrophes and prior accident year development, see MD&A - Critical Accounting Estimates, Property & Casualty Insurance Product Reserves, Net of Reinsurance and Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.

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

[3]Includes servicing revenues of $20 and $19 for the three months ended March 31, 2025 and 2024, respectively. Includes servicing expenses of $16 and $15 for the three months ended March 31, 2025 and 2024, respectively.

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

Written and Earned Premiums

Three Months Ended March 31,Written Premiums20252024ChangeProduct LineAutomobile$627 $600 5 %Homeowners286 244 17 %Total$913 $844 8 %Earned PremiumsProduct LineAutomobile$618 $566 9 %Homeowners281 247 14 %Total$899 $813 11 %

72

Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Premium Measures

Three Months Ended March 31,Premium Measures20252024Policies in-force end of period (in thousands)Automobile1,146 1,233 Homeowners719 701 Net new business premiumAutomobile$81 $72 Homeowners62 34 Effective Policy Count RetentionAutomobile 79 %79 %Homeowners83 %83 %Renewal written price increaseAutomobile15.8 %25.5 %Homeowners12.3 %15.2 %Renewal earned price increaseAutomobile 20.0 %19.1 %Homeowners14.4 %14.4 %