Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 167

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 167
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 discipline, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the Company's investing activities.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Reconciliation of Net Income to Underwriting Gain (Loss) Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Business InsuranceNet income$710 $528 $1,883 $1,641 Adjustments to reconcile net income to underwriting gain:Net investment income(519)(442)(1,405)(1,235)Net realized losses26 32 70 70 Other (income) expense— 1 2 4 Income tax expense180 134 478 393 Underwriting gain$397 $253 $1,028 $873 Personal InsuranceNet income$139 $31 $235 $54 Adjustments to reconcile net income to underwriting gain (loss):Net investment income(67)(58)(182)(158)Net realized losses4 2 10 9 Net servicing and other (income) expense(4)(5)(14)(15)Income tax expense35 8 58 12 Underwriting gain (loss) $107 $(22)$107 $(98)P&C Other OperationsNet income$12 $10 $38 $29 Adjustments to reconcile net income to underwriting loss:Net investment income(19)(18)(56)(55)Net realized losses— — 2 3 Other expense1 4 1 4 Income tax expense4 1 9 5 Underwriting loss$(2)$(3)$(6)$(14)

Written and Earned Premiums- Written premium represents the amount of premiums charged for policies issued, net of reinsurance, during a fiscal period. Premiums are considered earned and are included in the financial results on a pro rata basis over the policy period. Management believes that written premium is a performance measure that is useful to investors as it reflects current trends in the Company’s sale of property and casualty insurance products. Written and earned premium are recorded net of c