Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1531

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1531
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 the sale of the Company's former individual life business, which closed in 2013.Universal Life Long Duration Contracts RollforwardFor the year ended December 31,202420232022Balance, beginning of year$223 $232 $253 Premiums Received13 14 15 Policy Charges(23)(21)(23)Surrenders and Withdrawals(5)(6)(4)Benefit Payments(9)(6)(20)Interest Credited7 10 11 Balance, End of Year$206 $223 $232 Weighted-average crediting rate4.3 %4.2 %4.2 %Net Amount at Risk [1]$824 $917 $987 Cash Surrender Value$205 $221 $229 [1] Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 12 - Other Policyholder Funds and Benefits PayableTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

As of December 31, 2024, 2023 and 2022, universal life contracts of $205, $222 and $230, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%.

13. DEBT The Company’s long-term debt securities are issued by Hartford Insurance Group, Inc. ("HIG Holding Company"), are unsecured obligations of HIG Holding Company, and rank on a parity with all other unsecured and unsubordinated indebtedness of HIG Holding Company. Debt is carried net of discount and issuance cost.Long-term Debt by IssuanceAs of December 31,20242023Revolving Credit Facilities$— $— Senior Notes and Debentures  2.8% Notes, due 2029600 600 5.95% Notes, due 2036300 300 6.625% Notes, due 2040295 295 6.1% Notes, due 2041409 409 6.625% Notes, due 2042178 178 4.3% Notes, due 2043300 300 4.4% Notes, due 2048500 500 3.6% Notes, due 2049800 800 2.9%