Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 446

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 446
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ated Financial Statements.

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

|CASH FLOW

202420232022Net cash provided by operating activities $5,909 $4,220 $4,008 Net cash used for investing activities $(3,768)$(2,431)$(1,277)Net cash used for financing activities $(2,076)$(1,947)$(2,710)Cash and restricted cash— end of year$234 $189 $344 

Year ended December 31, 2024 compared to the year ended December 31, 2023Net cash provided by operating activities increased in 2024 as compared to the prior year period primarily driven by an increase in P&C and Employee Benefits premiums received, a decrease in P&C loss and loss adjustment expenses paid due to the $787 payment to the Boy Scouts of America in the prior year, and cash recoveries from NICO under the Navigators ADC, partially offset by higher operating expenses, including increased commissions and staffing costs, an increase in Employee Benefits loss and loss adjustment expenses paid, and taxes paid.Cash used for investing activities increased in 2024 as compared to the prior year driven by an increase in net payments for fixed maturities available for sale, a decrease in net proceeds from equity securities at fair value, and an increase in net payments for mortgage loans, partially offset by a decrease in net payments for partnerships and a change from net payments for to net proceeds from derivatives.Cash used for financing activities increased in 2024 as compared to the prior year period primarily driven by an increase in treasury stock acquired, including excise tax paid, and an increase in dividends paid on common stock.Operating cash flows for the year ended December 31, 2024 have been adequate to meet liquidity requirements.

|EQUITY MARKETS

For a discussion of the potential impact of the equity markets on capital and liquidity, see the Financial Risk on U.S. Statutory Capital and Liquidity Risk section in this MD&A.

|RATINGS

Ratings are an important factor in establishing a competitive position in the insurance marketplace and impact the Company's ability to access financing and its cost of borrowing. There can be no assurance that the Company’s ratings will continue for any given period of time, or that they will not be changed. In the event the Company’s ratings are downgraded, the Company’s