Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 70

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 70
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,209)(14 %)NMMutual Fund and ETF AUM - end of period128,054 119,316 112,472 7 %6 %Third-party life and annuity separate account AUM11,544 11,709 11,635 (1 %)1 %Hartford Funds AUM - end of period$139,598 $131,025 $124,107 7 %6 %

Mutual Fund and ETF AUM by Asset Class

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Equity - Mutual Funds$84,000 $79,352 $73,782 6 %8 %Fixed Income - Mutual Funds21,059 16,773 15,861 26 %6 %Multi-Strategy Investments - Mutual Funds [1]18,512 19,292 19,975 (4 %)(3 %)Equity - ETF1,811 2,141 1,805 (15 %)19 %Fixed Income - ETF2,672 1,758 1,049 52 %68 % Mutual Fund and ETF AUM$128,054 $119,316 $112,472 7 %6 %

[1]Includes balanced, allocation, and alternative investment products.

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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 Income  Year ended December 31, 2024 compared to the year ended December 31, 2023 Net income increased for the year ended December 31, 2024, primarily due to an increase in fee income net of operating costs and other expenses driven by higher daily average AUM.Hartford Funds AUM December 31, 2024 compared to December 31, 2023 Hartford Funds AUM increased primarily due to an increase in market values, partly offset by net outflows over the previous twelve months. Net outflows were $3.2 billion for the year ended December 31, 2024 compared to net outflows of $7.0 billion for the year ended December 31, 2023.2025 Outlook Assuming continued growth in equity markets in 2025, the Company expects net income for Hartford Funds to increase from