Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 141

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 1
Chunk 141
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 BenefitsFor the six months ended June 30,20252024Payout AnnuitiesLife ConversionsPaid-up LifePayout AnnuitiesLife ConversionsPaid-up LifePresent Value of Expected Net PremiumsBalance, beginning of the period$45 $49 Balance, ending of the period $43 $45 Present Value of Expected Future Policy BenefitsBeginning balance at single-A rate$128 $106 $168 $137 $113 $185 Beginning adjustment for changes in single-A rate— (15)(33)7 (11)(32)Beginning balance at original discount rate128 121 201 130 124 217 Effect of changes in cash flow assumptions— — — — — — Effect of actual variances from expected experience(2)3 (1)1 2 — Adjusted beginning balance126 124 200 131 126 217 Interest accrual and other3 11 3 3 9 3 Benefit Payments(6)(16)(12)(6)(16)(12)Ending balance at original discount rate123 119 191 128 119 208 Ending adjustment for changes in single-A rate1 (15)(28)1 (14)(36)Ending balance at single-A rate$124 $104 $163 $129 $105 $172 Net reserve for future policy benefits$124 $61 $163 $129 $60 $172 Weighted-average duration of the reserve for future policy benefits (years)9.311.06.59.011.56.3 Net Reserve for Future Policy BenefitsAs of June 30,20252024Payout Annuities$124 $129 Life Conversions61 60 Paid-up Life163 172 Deferred Profit Liability19 20 Other76 83 Total$443 $464 

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Table of ContentsNote 10 - Reserve for Future Policy BenefitsThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Undiscounted Expected Future Gross Premiums and Benefit Payments As of June 30,20252024Payout Annuities [1]Expected future benefit payments$242 $252 Life ConversionsExpected future gross premiums$102 $109 Expected future benefit payments$192 $199 Paid-up Life [1]Expected future benefit payments$249 $268