Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 194

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 194
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ting under U.S. GAAP.Offsetting Derivative Assets and Liabilities(i)(ii)(iii) = (i) - (ii)(iv)(v) = (iii) - (iv)Net Amounts Presented in the Statement of Financial PositionCollateral Disallowed for Offset in the Statement of Financial PositionGross Amounts of Recognized Assets (Liabilities) Gross Amounts Offset in the Statement of Financial PositionDerivative Assets [1] (Liabilities) [2]Accrued Interest and Cash Collateral (Received) [3] Pledged [2]Financial Collateral (Received) Pledged [4]Net AmountAs of December 31, 2024Other investments$88 $86 $57 $(55)$— $2 Other liabilities$(43)$(42)$(12)$11 $(1)$— As of December 31, 2023Other investments$57 $55 $(1)$3 $— $2 Other liabilities$(50)$(36)$8 $(22)$(13)$(1)[1]Included in other investments in the Company's Consolidated Balance Sheets.[2]Included in other liabilities in the Company's Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty.[3]Included in other investments in the Company's Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty.[4]Excludes collateral associated with exchange-traded derivative instruments.Cash Flow HedgesFor derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.Gain (Loss) Recognized in OCI Year Ended December 31,202420232022Interest rate swaps$(14)$6 $— Foreign currency swaps41 (31)56 Total$27 $(25)$56 Gain (Loss) Reclassified from AOCI into IncomeYear Ended December 31,202420232022Net Investment IncomeInterest ExpenseNet Investment IncomeInterest ExpenseNet Investment IncomeInterest ExpenseInterest rate swaps$(25)$16 $(26)$15 $6 $(2)Foreign currency swaps12 — 10 — 9 — Total$(13)$16 $(16)$15 $15