Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1656

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1656
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3Fee income and other revenue$1,035 $973 $1,044 6 %(7 %)Net investment income20 17 9 18 %89 %Net realized gains (losses)12 10 (24)20 %NMTotal revenues1,067 1,000 1,029 7 %(3 %)Operating costs and other expenses824 781 826 6 %(5 %)Income before income taxes243 219 203 11 %8 % Income tax expense [1]51 45 41 13 %10 %Net income$192 $174 $162 10 %7 %Daily average Hartford Funds AUM$136,477 $127,019 $135,124 7 %(6 %)ROA [2]14.1 13.7 12.0 0.41.7Adjustments to reconcile ROA to ROA, core earnings:Effect of net realized losses (gains), excluded from core earnings, before tax(0.8)(0.8)1.7 0.0(2.5)Effect of income tax expense (benefit)— 0.1 (0.4)(0.1)0.5ROA, core earnings [2]13.3 13.0 13.3 0.3(0.3)

[1] For discussion of income taxes, see Note 16 - Income Taxes of Notes to Consolidated Financial Statements. 

[2] Represents annualized earnings divided by a daily average of assets under management, as measured in basis points.

Hartford Funds Segment AUM

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Mutual Fund and ETF AUM - beginning of period$119,316 $112,472 $142,632 6 %(21 %)Sales - Mutual Fund24,325 20,960 29,833 16 %(30 %)Redemptions - Mutual Fund(28,041)(28,606)(37,981)2 %25 %Net flows - ETF491 619 197 (21 %)NMNet Flows - Mutual Fund and ETF(3,225)(7,027)(7,951)54 %12 %Change in market value and