Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 362

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 362
---
 accounts was offset by lower sales during the past year. For the nine month period, premiums increased slightly over prior year and included an increase in exposure on existing accounts and persistency in excess of 90%.Fully insured ongoing sales were flat for the three month period. For the nine month period, sales decreased compared to prior year driven by lower sales of the paid family and medical leave product and fewer large case sales.

87

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

Ratios Three and nine months ended September 30, 2025 compared to 2024Loss ratio remained relatively flat for the three months ended September 30, 2025, and improved 0.4 points for the nine months ended September 30, 2025. The group life loss ratio decreased 3.3 points for the quarter and 2.2 points year-to-date driven by lower mortality across both term and accidental life products. The group disability loss ratio increased 2.7 points for the quarter and 0.9 points year-to-date largely due to a benefit in the prior year related to an update to the long-term disability claim recovery rate reserve assumptions, which reduced the prior year loss ratios by 2.2 and 0.7 points, respectively, as well as slightly higher long-term disability loss trends, partially offset by paid family and medical leave product pricing actions.Expense ratio increased for the three and nine months ended September 30, 2025 primarily due to higher staffing costs, including increased incentive compensation and benefits, higher technology costs, including increased investment, and a higher commission ratio.

88

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

Hartford Funds - Results of Operations

Operating Summary

Three Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeFee income and other revenue$277 $263 5%$793 $766 4 %Net investment income4 5 (20%)14 14 — %Net realized gains5 7 (29%)14 15 (7)%Total revenues286 275 4%821 795 3 %Operating costs and other expenses214 208 3%626 614 2 % Income before income taxes72 67 7%195 181 8 %Income