Company: HIG-PG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000874766-25-000040
Chunk: 84

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 84
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)(2)                                                        |     |   |     3 |                          |                          |   -76 |     |                          |  -200 |     |                          |    34 |     |                          |  -115 |
| Core Earnings(1)                                                                       |     | $ | 3,076 |                          | $                        | 2,767 |     | $                        | 2,496 |     | $                        | 2,184 |     | $                        | 2,086 |

(1) Adopting LDTI resulted in an after tax increase to net income and core earnings of $4 for 2022 and $6 for 2021.

(2) Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

Compensation Core Earnings: As discussed under “Annual Incentive Plan Awards” on page 40 , at the beginning of each year, the Compensation Committee approves a definition of “Compensation Core Earnings,” a non-GAAP financial measure. Compensation Core Earnings is used to set AIP award targets and threshold levels below which no AIP award is earned. Below are the Compensation Committee’s 2024, 2023, 2022, 2021 and 2020 definitions of “Compensation Core Earnings” and reconciliations of core earnings to this non-GAAP financial measure.

| ($ in millions)                                                                                                                                                                                                                                                                                                                              |     |   |       | Year Ended Dec. 31, 2024 | Year Ended Dec. 31, 2023 |       |     | Year Ended Dec. 31, 2022 |       |     | Year Ended Dec. 31, 2021 |       |     | Year Ended Dec. 31, 2020 |       |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|------:|:-------------------------|:-------------------------|------:|:----|:-------------------------|------:|:----|:-------------------------|------:|:----|:-------------------------|------:|
| Core Earnings as reported(1)                                                                                                                                                                                                                                                                                                                 |     | $ | 3,076 |                          | $                        | 2,767 |     | $                        | 2,492 |     | $                        | 2,178 |     | $                        | 2,086 |
| Adjustments to reconcile core earnings to compensation core earnings, after tax:                                                                                                                                                                                                                                                             |     |