Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 121

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 121
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 period reserve estimates decreased by approximately $39 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.Re-estimates of prior incurral years reserves for the three months ended March 31, 2024Group disability- Prior period reserve estimates decreased by approximately $149 largely driven by group long-term disability claim incidence lower than prior assumptions and strong recoveries on prior incurral year claims.Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $37 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.Supplemental Accident & Health- Prior period reserve estimates decreased by approximately $3 driven by lower than previously expected claim incidence.

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Table of ContentsNote 10 - Reserve for Future Policy BenefitsThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

10. Reserve for Future Policy BenefitsRollforward of Reserve for Future Policy BenefitsFor the three months ended March 31,20252024Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up LifePresent Value of Expected Net PremiumsBalance, beginning of the period$45 $49 Balance, ending of the period $43 $47 Present Value of Expected Future Policy BenefitsBeginning balance at single-A rate$128 $106 $168 $137 $113 $185 Beginning adjustment for changes in single-A rate— (15)(33)7 (11)(32)Beginning balance at original discount rate128 121 201 130 124 217 Effect of changes in cash flow assumptions— — — — — — Effect of actual variances from expected experience1 2 (1)1 1 — Adjusted beginning balance129 123 200 131 125 217 Interest accrual and other1 5 1 2 4 2 Benefit Payments(3)(10)(4)(3)(8)(7)Ending balance at original discount rate127 118 197 130 121 212 Ending adjustment for changes in single-A rate2 (14)(30)5 (12)(35)Ending balance at single-A rate$129 $104 $167 $135 $109 $177 Net reserve for future policy benefits$129 $61 $167 $135 $62 $177 Weighted-average duration of the reserve for future policy benefits (years