Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1869

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1869
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Registrant)(in millions) As of December 31,Condensed Balance Sheets20242023Assets  Fixed maturities, available-for-sale, at fair value (amortized cost of $24 and $29)$20 $24 Short-term investments1,290 1,040 Cash— — Investment in affiliates21,177 20,261 Deferred income taxes432 439 Unamortized issue costs1 2 Investment income due and accrued1 — Other assets409 400 Total assets$23,330 $22,166 Liabilities  Net payable to affiliates $1,967 $1,918 Long-term debt4,366 4,362 Other liabilities550 559 Total liabilities6,883 6,839 Stockholders’ EquityPreferred stock$334 $334 Common stock3 3 Additional paid-in capital578 648 Retained Earnings21,531 19,007 Treasury Stock(3,113)(1,816)Accumulated other comprehensive income (loss), net of tax(2,886)(2,849)Total stockholders’ equity16,447 15,327 Total liabilities and stockholders’ equity$23,330 $22,166 The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.

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|Table of ContentsIndex to Consolidated Financial Statements and SchedulesPart IV - Schedule II. Condensed Financial Information of the Hartford Insurance Group, Inc.

THE HARTFORD INSURANCE GROUP, INC.SCHEDULE IICONDENSED FINANCIAL INFORMATION OF THE HARTFORD INSURANCE GROUP, INC. (continued)(Registrant)(in millions) For the years ended December 31,Condensed Statements of Operations and Comprehensive Income (Loss)202420232022Net investment income$47 $33 $13 Net realized gains4 — — Total revenues51 33 13 Interest expense199 199 213 Loss on extinguishment of debt— — 9 Other expense (income)(3)7 (8)Total expenses196 206 214 Loss before income taxes and earnings of subsidiaries(145)(173)(201)Income tax benefit(44)(67)(61)Loss before earnings of subsidiaries(101)(106)(140)Earnings of subsidiaries3,212 2,610 1,