Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 778

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 9B
Chunk 778
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 — 25 25 Professional fees and other expenses12 7 2 67 67 Total restructuring and other costs, before tax$13 $6 $2 $127 $127 Accrued Restructuring and Other CostsYear Ended December 31, 2024Severance Benefits and Related CostsIT CostsProfessional Fees and OtherTotal Restructuring and Other Costs LiabilityBalance, beginning of period$— $— $— $— Incurred— — 2 2 Payments— — (2)(2)Balance, end of period$— $— $— $— Accrued Restructuring and Other CostsYear Ended December 31, 2023Severance Benefits and Related CostsIT CostsProfessional Fees and OtherTotal Restructuring and Other Costs LiabilityBalance, beginning of period$7 $— $— $7 Incurred(6)5 7 6 Payments(1)(5)(7)(13)Balance, end of period$— $— $— $— 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 22 - Subsequent Events

22. SUBSEQUENT EVENTSLosses from California WildfiresBeginning January 7, 2025, a series of destructive wildfires affected the Los Angeles County area in California. Based on claims reported and other available information, the Company's preliminary loss estimate from these wildfires for the first quarter of 2025, including potential assessments from the California FAIR Plan, is a range of $300 to $350, net of reinsurance and before tax. The estimate is subject to variability due to the timing of reported claims, the extent of damage to personal and commercial property and automobiles, uncertainty of the availability for recoveries, including potential subrogation, and other factors that may not yet be known to the Company. Given these uncertainties, the wildfire losses may deviate from our estimate.

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|Table of ContentsIndex to Consolidated Financial Statements and SchedulesPart IV - Schedule I. Summary of Investments - Other Investments in Affiliates

THE HARTFORD INSURANCE GROUP, INC.SCHEDULE ISUMMARY OF INVESTMENTS — OTHER THAN INVESTMENTS IN AFFILIATES(in millions) As of December 31, 2024Type of InvestmentCostFair ValueAmount atwhich shown on Balance SheetFixed MaturitiesBonds and notesU.S