Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1007

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1007
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 group life loss ratio and the effect of higher fully insured ongoing premiums, partially offset by a higher expense ratio, a higher group disability loss ratio, and a higher loss ratio on supplemental health products.For a discussion of the Company's operating results by segment, see MD&A - Reportable Segment and Corporate Operating Summaries.

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

REVENUEEarned PremiumsEarned premiums increased by $1,541 or 7% primarily due to:•An increase in P&C reflecting a 9% increase in Business Insurance and a 12% increase in Personal Insurance.–Contributing to the increase in Business Insurance was the effect of an increase in new business across most lines of business, earned pricing increases, and higher insured exposures, principally in workers’ compensation and property lines.–For Personal Insurance, earned premium increased primarily due to the effect of earned pricing increases, partially offset by non-renewals.•An increase in Employee Benefits earned premium of 2% including an increase in exposure on existing accounts, new business sales, and persistency in excess of 90%.Fee income increased primarily due to a $62 increase in Hartford Funds driven by higher daily average assets resulting from an increase in equity market levels, partially offset by net outflows over the preceding twelve month period.Net Investment IncomeNet investment income increased primarily due to a higher level of invested assets and the impact of higher reinvestment rates, partially offset by a lower level of income on limited partnerships and other alternative investments.Net realized losses improved primarily due to: •Losses on credit derivatives in the 2023 period;•Gains on transactional foreign currency revaluation in the 2024 period compared to losses in the 2023 period; and•A favorable change in the ACL on mortgage loans and fewer net credit losses on fixed maturities, AFS.These improvements were partially offset by:•Greater net losses on sales of fixed maturities.For further discussion of investment results, see MD&A - Investment Results, Net Investment Income and MD&A - Investment Results, Net Realized Gains (Losses).

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

BENEFITS, LOSSES AND EXPENSES

Losses and LAE Incurred for P&CBenefits, losses and loss adjustment expenses increased $636, due