Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 605

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 605
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 the Company and the Company has discretion on the amount of stock to repurchase. Therefore, the subsidiary stock is classified 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 19 - Stock Compensation PlansTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

as equity because it is not mandatorily redeemable. For the years ended December 31, 2024, 2023 and 2022, the Company repurchased $10, $11 and $10, respectively, in subsidiary stock.Employee Stock Purchase PlanThe Company sponsors The Hartford Employee Stock Purchase Plan ("ESPP"). Under this plan, eligible employees of The Hartford purchase common stock of the Company at a discount rate of 5% of the market price per share on the last trading day of the offering period. Accordingly, the plan is a non-compensatory plan. Employees purchase a variable number of shares of stock through payroll deductions elected as of the beginning of the offering period. The Company may sell up to 15,400,000 shares of stock to eligible employees under the ESPP. As of December 31, 2024, there were 3,014,109 shares available for future issuance. During the years ended December 31, 2024, 2023 and 2022, 141,500 shares, 194,561 shares, and 194,504 shares were sold, respectively. For the years ended December 31, 2024, 2023 and 2022, The Hartford received $14, $13 and $13, respectively, in cash from sales under this plan. 

20. LEASES The Hartford has operating leases for real estate and equipment. The right-of-use asset as of December 31, 2024 and 2023 was $140 and $141, respectively, and is included in property and equipment, net, in the Consolidated Balance Sheets. The lease liability as of December 31, 2024 and 2023 was $145 and $144, respectively, and is included in other liabilities in the Consolidated Balance Sheets. Variable lease costs include changes in interest rates on variable rate leases primarily for automobiles. During the years ended December 31, 2024, 2023 and 2022, variable lease costs of $0, $0 and $6, respectively, were reported in restructuring and other costs for lease terminations under Hartford Next (see Note 21