Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 21

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 2
Chunk 21
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.9 %Total investments$62,568 100.0 %$59,210 100.0 %

[1]Primarily consists of equity fund investments, overseas deposits, consolidated investment funds, and derivative instruments which are carried at fair value.

September 30, 2025 compared to December 31, 2024Total investments increased primarily due to an increase in fixed maturities, AFS, at fair value and limited partnerships and other alternative investments.Fixed maturities, AFS, at fair value increased primarily due to net additions of corporate bonds and high-quality ABS, partially offset by net reductions to tax-exempt municipal bonds. The increase was also due to higher valuations as a result of lower interest rates and tighter credit spreads.Limited partnerships and other alternative investments increased primarily driven by additional investments and higher valuations.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Investment Income Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024(Before tax)AmountYield [1]AmountYield [1]AmountYield [1]AmountYield [1]Fixed maturities [2]$603 4.8 %$570 4.7 %$1,761 4.7 %$1,633 4.6 %Equity securities4 3.8 %5 3.4 %13 3.7 %20 3.9 %Mortgage loans76 4.6 %68 4.2 %218 4.5 %196 4.1 %Limited partnerships and other alternative investments91 6.7 %37 3.0 %143 3.7 %69 1.9 %Other [3]8 1 18 8 Investment expense(23)(22)(74)(72)Total net investment income759 4.8 %659 4.4 %2,079 4.5 %1,854 4.2 %Adjustment for net investment income from limited partnerships and other alternative investments(91)(0.2)%(37)0.1 %(143)— %(69)0.2 %Total net investment income excluding limited partnerships and other alternative investments$668 4.6 %$622