Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 303

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 303
---
 by favorable mortality emergence in both group term life and group accidental death and dismemberment, and continued low incidence in group life premium waiver.Re-estimates of prior incurral years reserves for the nine months ended September 30, 2024Group disability- Prior period reserve estimates decreased by approximately $394 largely driven by long-term disability claim incidence lower than prior assumptions and favorable recoveries on prior incurral year claims, as well as a favorable change in the recovery rate assumption.Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $68 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.

10. Reserve for Future Policy BenefitsRollforward of Reserve for Future Policy BenefitsFor the nine months ended September 30,20252024Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up LifePresent Value of Expected Net PremiumsBalance, beginning of the period$45 $48 Balance, ending of the period $43 $46 Present Value of Expected Future Policy BenefitsBeginning balance at single-A rate$128 $106 $168 $137 $113 $185 Beginning adjustment for changes in single-A rate— (15)(33)7 (11)(32)Beginning balance at original discount rate128 121 201 130 124 217 Effect of changes in cash flow assumptions— — 1 — 2 — Effect of actual variances from expected experience(1)3 1 1 3 (1)Adjusted beginning balance127 124 203 131 129 216 Interest accrual and other4 15 4 5 16 5 Benefit Payments(9)(21)(16)(9)(23)(19)Ending balance at original discount rate122 118 191 127 122 202 Ending adjustment for changes in single-A rate4 (13)(24)8 (10)(26)Ending balance at single-A rate$126 $105 $167 $135 $112 $176 Net reserve for future policy benefits$126 $62 $167 $135 $66 $176 Weighted-average duration of the reserve for future policy benefits (years)9.411.06.29.011.66.6 Net Reserve for Future Policy BenefitsAs of September 30,20252024Payout Annuities$126 $135