Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 93

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 93
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 the equity method. Intercompany transactions and balances between The Hartford and its subsidiaries and affiliates have been eliminated.Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.The most significant estimates include those used in determining property and casualty and group long-term disability ("LTD") insurance product reserves, net of reinsurance; evaluation of goodwill for impairment; valuation of investments and derivative instruments; and contingencies relating to corporate litigation and regulatory matters.ReclassificationsCertain reclassifications have been made to prior year financial information to conform to the current year presentation.Future Adoption of New Accounting StandardsInternally Developed Software CostsThe Financial Accounting Standards Board (“FASB”) issued new guidance on the accounting for internally developed software costs. Under the new guidance, costs associated with software developed for internal use will now be capitalized when management authorizes a project and when it is probable the project will be completed and used to perform the function intended, rather than when a project reaches the application development stage under existing guidance. The guidance is effective beginning January 1, 2028, with early adoption permitted, and can be applied prospectively, retrospectively, or on a modified retrospective basis. The Company has not yet determined the transition method, timing for adoption, or estimated the effect on the Company’s financial statements.

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Table of ContentsNote 2 - Earnings Per Common Share The Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

2. Earnings Per Common Share Computation of Basic and Diluted Earnings per Common ShareThree Months Ended September 30,Nine Months Ended September 30,(In millions, except for per share data)2025202420252024Earnings Net income$1,080 $767 $2,705 $2,258 Less: Preferred stock dividends6 6 16 16 Net income available to common stockholders$1,074 $761 $2,689 $2,242 SharesWeighted average common shares outstanding, basic280.9 292.6 283.7 295.4 Dilutive effect of stock-based awards under compensation plans4.1 4.9 4.1 4.6 Weighted average common shares outstanding and dilutive potential