Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1829

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1829
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Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 12 - Other Policyholder Funds and Benefits PayableTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

As of December 31, 2024, 2023 and 2022, universal life contracts of $205, $222 and $230, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%.

13. DEBT The Company’s long-term debt securities are issued by Hartford Insurance Group, Inc. ("HIG Holding Company"), are unsecured obligations of HIG Holding Company, and rank on a parity with all other unsecured and unsubordinated indebtedness of HIG Holding Company. Debt is carried net of discount and issuance cost.Long-term Debt by IssuanceAs of December 31,20242023Revolving Credit Facilities$— $— Senior Notes and Debentures  2.8% Notes, due 2029600 600 5.95% Notes, due 2036300 300 6.625% Notes, due 2040295 295 6.1% Notes, due 2041409 409 6.625% Notes, due 2042178 178 4.3% Notes, due 2043300 300 4.4% Notes, due 2048500 500 3.6% Notes, due 2049800 800 2.9% Notes, due 2051600 600 Junior Subordinated Debentures  3-Month term SOFR + 0.26161% + 2.125% Notes, due 2067 [1]500 500 Total Notes and Debentures4,482 4,482 Unamortized discount and debt issuance cost [2](116)(120)Total Debt4,366 4,362 Less: Current maturities— — Long-Term Debt$4,366 $4,362 [1]The Company has an interest rate swap agreement expiring February 15, 2027 to effectively convert the variable interest payments based on 3-month term Secured Overnight Financing Rate (“SOFR”) plus a spread adjustment of 0.26161% plus 2.125 for this debenture.[2]This amount includes unamortized discount of $68 and $70 as of December