Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1166

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1166
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 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 2$3,867 $3,406 Level 2$3,863 $3,533 Junior subordinated debentures [2]Level 2$499 $460 Level 2$499 $429 [1]As of December 31, 2024 and December 31, 2023, the carrying amount of mortgage loans is net of ACL of $44 and $51, respectively[2]Included in long-term debt in the Consolidated Balance Sheets, except for any current maturities, which are included in short-term debt when applicable.

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 5 - InvestmentsTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

5. INVESTMENTS Net Investment IncomeFor the years ended December 31,(Before tax)202420232022Fixed maturities [1]$2,204 $1,895 $1,469 Equity securities35 45 57 Mortgage loans266 235 211 Limited partnerships and other alternative investments148 212 515 Other investments [2]14 9 5 Gross investment income$2,667 $2,396