Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 202

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 202
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4 1 NMFee income55 55 —%168 166 1 %Total premiums and other considerations$1,658 $1,655 —%$4,989 $4,959 1 %Fully insured ongoing sales$105 $105 —%$593 $650 (9)%

Ratios, Excluding BuyoutsThree Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeGroup disability loss ratio70.6%67.9%2.769.3%68.4%0.9Group life loss ratio74.2%77.5%(3.3)76.1%78.3%(2.2)Total loss ratio70.1%70.2%(0.1)70.4%70.8%(0.4)Expense ratio26.7%25.3%1.425.9%25.0%0.9

MarginThree Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeNet income margin8.1%8.8%(0.7)8.0%8.2%(0.2)Adjustments to reconcile net income margin to core earnings margin:Net realized losses (gains), before tax0.4%(0.1%)0.5 0.5%0.2%0.3 Income tax benefit(0.2%)—%(0.2)(0.1%)(0.1%)— Core earnings margin8.3%8.7%(0.4)8.4%8.3%0.1 

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Income  Three and nine months ended September 30, 2025 compared to 2024Net income decreased for the three month period, primarily due to an increase in the expense ratio as well as a higher group disability loss ratio, partially offset by a lower group life loss ratio. For the nine month period, net income decreased primarily due to an increase in the expense ratio as well as higher net realized losses, partially offset by a lower group life loss ratio, higher fully insured ongoing premiums, and higher net investment income.Insurance operating costs and other expenses were higher for both the three and nine month periods due to higher staffing costs