Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 591

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 591
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81% in fixed income securities and 19% in non-fixed income securities for the pension plan and an allocation of 100% in fixed income securities for the postretirement plans, contributing to an expected long-term rate of return on plan assets of 6.40% and 4.80% for the Company's U.S. Pension Plan and other postretirement obligations, respectively.Assumptions Used in Calculating the Benefit Obligations and the Net Amount RecognizedFor the years ended December 31, 202420232022Weighted Average Assumptions used to determine benefit obligationsDiscount rate:U.S. Pension Plan5.65 %5.15 %5.43 %Other Pension Plans5.59 %5.14 %5.40 %Other postretirement benefits5.56 %5.13 %5.39 %Interest crediting rate on cash balance plan4.30 %4.36 %3.89 %Weighted Average Assumptions used to determine net periodic benefit costs:Discount rate:U.S. Pension Plan5.15 %5.43 %2.91 %Other Pension Plans5.13 %5.40 %2.83 %Other postretirement benefits5.13 %5.39 %2.72 %Expected long-term rate of return on plan assets:U.S. Pension Plan5.90 %6.10 %5.10 %Other Pension Plans4.00 %4.40 %3.30 %Other postretirement benefits4.50 %4.50 %4.80 %Assumed Health Care Cost Trend RatesPre-65 health care cost trend rate6.50 %8.00 %7.00 %Post-65 health care cost trend rateN/AN/AN/ARate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.00 %4.50 %4.50 %Year that the rate reaches the ultimate trend rate204520382032Obligations and Funded StatusThe following tables set forth a reconciliation of beginning and ending balances of the benefit obligation and fair value of plan assets, as well as the funded status of the Company's defined benefit pension and postretirement health care and life insurance benefit plans. Information is presented for the qualified U.S. Pension Plan, Other Pension Plans (including non-