Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 244

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 244
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 the assessment of hedge effectiveness.Gains (Losses) Recognized in OCI Three Months Ended March 31,20252024Interest rate swaps$10 $(17)Foreign currency swaps(6)17 Total$4 $— Gains (Losses) Reclassified from AOCI into IncomeThree months ended March 31,20252024Net Investment IncomeInterest ExpenseNet Investment IncomeInterest ExpenseInterest rate swaps$(2)$3 $(7)$4 Foreign currency swaps3 — 3 — Total$1 $3 $(4)$4 Total amounts presented on the Condensed Consolidated Statement of Operations$656 $50 $593 $50 

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Table of ContentsNote 6 - DerivativesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

As of March 31, 2025, the before tax deferred net losses on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $24. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities and long-term debt that will occur over the next twelve months. At that time, the Company will recognize the deferred net gains (losses) as an adjustment to net investment income or interest expense, as applicable, over the term of the hedged instrument cash flows. During the three months ended March 31, 2025 and 2024, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.Non-qualifying StrategiesFor non-qualifying strategies, including embedded derivatives that are required to be bifurcated from their host contracts and accounted for as derivatives, the gain or loss on the derivative is recognized currently in earnings within net realized gains (losses).Non-Qualifying Strategies Recognized within Net Realized Gains (Losses)Three Months Ended March 31,20252024Interest rate contractsInterest rate swaps and futures$(1)$3 Equity contractsEquity index options1 (5)Total [1]$— $(2)[1]Excludes investments that contain an embedded credit derivative for which the Company has elected the fair value option. For further discussion, see the Fair Value Option section in Note 4 - Fair Value Measurements of Notes to Condensed Consolidated Financial Statements. Credit Risk Assumed through Credit