Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1479

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1479
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 worldwide. Lloyd's does not underwrite risks. The Company accepts risks as the sole member of Lloyd's Syndicate 1221 ("Lloyd's Syndicate").The following table presents the components of the Company’s exposure to other restricted investments.December 31, 2024December 31, 2023Fair ValueFair ValueSecurities on deposit with government agencies$2,362 $2,339 Fixed maturities in trust for benefit of Lloyd's Syndicate policyholders1,056 890 Short-term investments in trust for benefit of Lloyd's Syndicate policyholders2530 Fixed maturities in Lloyd's trust account—154 Other investments6175 Total Other Restricted Investments$3,504 $3,488 Equity Method InvestmentsThe majority of the Company's investments in limited partnerships and other alternative investments, including real estate joint ventures, real estate funds, private equity funds, and other funds (collectively, “limited partnerships”), are accounted for under the equity method of accounting. The remainder of investments in limited partnerships and other alternative investments consists of investments in insurer-owned life insurance accounted for at cash surrender value. Equity method income is reported in net investment income, except amounts related to strategic investments classified in other assets which are reported in other revenues. For investments accounted for under the equity method, the Company’s maximum exposure to loss as of December 31, 2024 is limited to the total carrying value of $4.6 billion. In addition, the Company has outstanding commitments totaling $2.1 billion to fund limited partnership investments as of December 31, 2024. The Company’s investments accounted for under the equity method are generally of a passive nature in that the Company does not take an active role in the management.For the period ended December 31, 2024, aggregate investment income from investments accounted for under the equity method did not exceed 10% of the Company’s before tax consolidated net income. For the periods ended December 31, 2023 and 2022, aggregate investment income from investments accounted for under the equity method exceeded 10% of the Company’s before tax consolidated net income. Accordingly, the Company is disclosing aggregated, summarized financial data for the Company’s investments accounted for under the equity method based on the most recently available information. This aggregated, summarized financial data does not represent the Company’s proportionate share of investees' assets or earnings.Aggregated summarized financial information of the Company’s equity method investees:As of December 31,202420