Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1550

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1550
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 tax expense$(134)$(105)$(223)Net incomeUnrealized Loss on Fixed Maturities, AFS with ACLFixed maturities, AFS$(1)$(4)$— Net realized gains (losses)(1)(4)— Total before tax— (1)—  Income tax expense$(1)$(3)$— Net incomeNet Gain (Loss) on Cash Flow Hedging InstrumentsInterest rate swaps$(25)$(26)$6 Net investment incomeInterest rate swaps16 15 (2)Interest expenseForeign currency swaps12 10 9 Net investment income3 (1)13 Total before tax1 — 3  Income tax expense$2 $(1)$10 Net incomePension and Other Postretirement Plan AdjustmentsAmortization of prior service credit$7 $7 $7 Insurance operating costs and other expensesAmortization of actuarial loss (39)(34)(69)Insurance operating costs and other expenses(32)(27)(62)Total before tax(7)— (13) Income tax expense(25)(27)(49)Net incomeTotal amounts reclassified from AOCI$(158)$(136)$(262)Net income

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 18 - Employee Benefit PlansTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

18. EMPLOYEE BENEFIT PLANS Investment and Savings PlanSubstantially all U.S. employees of the Company are eligible to participate in The Hartford Investment and Savings Plan under which designated contributions may be invested in a variety of investments, including up to 10% in a fund consisting largely of common stock of The Hartford. The Company's contributions include a non-elective contribution of 2.0% of eligible compensation and a dollar-for-dollar matching contribution of up to 6.0% of eligible compensation contributed by the employee. The Company also maintains a non-qualified savings plan, The Hartford Excess Savings Plan, with the dollar-for-dollar matching contributions related to employee compensation in excess of the amount of eligible compensation that can be contributed under the tax-qualified Investment and Savings Plan. An employee's eligible compensation includes overtime and bonuses but for the Investment and Savings Plan and Excess Savings Plan combined, is limited to $1 annually. The total cost to The Hartford for these plans was approximately $193, $163 and $