Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 585

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 585
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2024. In making the assessment, management considered future taxable temporary difference reversals, future taxable income exclusive of reversing temporary differences, the ability to hold assets to recovery, and carryovers, taxable income in open carry back years and other tax planning strategies which management views as prudent and feasible. Uncertain Tax PositionsRollforward of Unrecognized Tax Benefits For the years ended December 31, 202420232022Balance, beginning of period$26 $22 $16 Gross increases - tax positions in current period3 5 6 Gross decreases - tax positions in current period(1)— — Lapse of statute of limitations(4)(1)— Balance, end of period$24 $26 $22 The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release. The Company believes it is reasonably possible approximately $14 of its currently unrecognized tax benefits may be recognized by the end of 2025 as a result of a lapse of the applicable statute of limitations.Other Tax MattersThe federal statute of limitations for the Company is closed through the 2020 tax year with the exception of NOL carryforwards utilized in open tax years and the Navigators pre-acquisition 2019 tax period. Management believes that adequate provision has been made in the Company's Consolidated Financial Statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.The Company classifies interest and penalties (if applicable) as income tax expense in the Consolidated Financial Statements. The Company recognized net interest expenses of $1, $2 and $1 for the years ended December 31, 2024, 2023 and 2022. The Company does not believe it would be subject to any penalties in any open tax years and, therefore, has not recorded any accrual for penalties. 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 17 - Accumulated Other Comprehensive Income (Loss)THE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

17. CHANGES IN AND RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Changes in AOCI, Net of Tax for the Year Ended December 31, 2024 Changes in Net Unrealized Gain (Loss) on Fixed Maturities, AFSUnrealized Losses on Fixed Maturities, A