Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 345

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 345
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 at fair value603 1.0 %864 1.5 %Mortgage loans (net of allowance for credit losses ("ACL") of $44 and $51)6,396 10.8 %6,087 10.9 %Limited partnerships and other alternative investments5,042 8.5 %4,785 8.6 %Other investments [1]226 0.4 %191 0.3 %Short-term investments4,068 6.9 %3,850 6.9 %Total investments$59,210 100.0 %$55,922 100.0 %

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

December 31, 2024 compared to December 31, 2023 Total investments increased primarily due to an increase in fixed maturities, AFS, at fair value.Fixed maturities, AFS, at fair value increased primarily due to net additions of corporate bonds, high-quality residential mortgage-backed securities ("RMBS") and ABS, partially offset by net reductions to tax-exempt municipal bonds, U.S. Treasuries, and commercial mortgage-backed securities ("CMBS").

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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

Net Investment IncomeFor the years ended December 31,202420232022(Before tax)AmountYield [1]AmountYield [1]AmountYield [1]Fixed maturities [2]$2,204 4.6 %$1,895 4.2 %$1,469 3.4 %Equity securities35 5.3 %45 3.7 %57 3.0 %Mortgage loans266 4.2 %235 3.9 %211 3.6 %Limited partnerships and other alternative investments148 3.0 %212 4.8 %515 14.4 %Other [3]14 9 5 Investment expense(99)(91)(80)Total net investment income2,568 4.3 %2,305 4.1 %2,177 3.9 %Adjustment for net investment income from limited partnerships and other alternative investments(148