Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1463

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1463
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 in OCI [3]AssetsFixed maturities, AFSCLOs$— $— $— $1 CMBS— 10 — 2 Corporate— (26)(6)71 Total fixed maturities, AFS— (16)(6)74 FVO securities(7)— (1)— Equity securities, at fair value— — (1)— Total Assets$(7)$(16)$(8)$74 [1]All amounts in these rows are reported in net realized gains (losses). All amounts are before income taxes.[2]Amounts presented are for Level 3 only and therefore may not agree to other disclosures included herein.[3]Changes in unrealized gains (losses) on fixed maturities, AFS are reported in changes in net unrealized gain (loss) on fixed maturities in the Consolidated Statements of Comprehensive Income (Loss).Fair Value OptionThe Company has elected the fair value option for certain investments in residual interests of securitizations and other securities that contain embedded credit derivatives with underlying credit risk related to residential real estate in order to reflect changes in fair value in earnings. These instruments are included within FVO securities on the Consolidated Balance Sheets and changes in the fair value of these investments are reported in net realized gains and losses.As of December 31, 2024 and 2023, the fair value of assets using the fair value option was $308 and $327, respectively, of which $197 and $167, respectively, were residual interests of securitizations.For the years ended December 31, 2024, 2023, and 2022, net realized gains (losses) related to the change in fair value of assets using the fair value option were $(5), $5, and $(28), respectively.Financial Instruments Not Carried at Fair ValueFinancial Assets and Liabilities Not Carried at Fair ValueDecember 31, 2024December 31, 2023 Fair Value Hierarchy LevelCarrying Amount [1]Fair ValueFair Value Hierarchy LevelCarrying Amount [1]Fair ValueAssetsMortgage loansLevel 3$6,396 $5,901 Level 3$6,087 $5,584 LiabilitiesOther policyholder funds and benefits payable Level 3$614 $614 Level 3$638 $639 Senior notes [2]Level