Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1255

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1255
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31, 2024 to calculate the Company’s U.S. Pension Plan and other postretirement obligations, respectively. The expected long-term rate of return considers both current market yields and forecasted investment returns expected to be achieved by the plan’s investment strategy over the remaining life of the plan. The Company also considers the plan's funded status, the investment volatility, duration and total returns for various time periods related to the characteristics of the pension obligation, which are influenced by the Company's workforce demographics. For the pension plan, the Company has assumed an allocation of approximately 81% in fixed income securities and 19% in non-fixed income securities (global equities and limited partnerships) in its assumed expected long-term rate of return for the years ended December 31, 2024 and 2023. For the other postretirement plans, the Company has assumed an allocation of 100% in fixed income securities in its assumptions for the years ended December 31, 2024 and 2023. Based upon these analyses, management determined the long-term rate of return assumption to be 5.90% and 4.50% for the Company's U.S. Pension Plan and other postretirement obligations, respectively, for the year ended December 31, 2024 and 6.10% and 4.50% for the Company's U.S. Pension Plan and other postretirement obligations, respectively, for the year 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 18 - Employee Benefit PlansTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

ended December 31, 2023. To determine the Company's 2025 expense, the Company has assumed an allocation of 81% in fixed income securities and 19% in non-fixed income securities for the pension plan and an allocation of 100% in fixed income securities for the postretirement plans, contributing to an expected long-term rate of return on plan assets of 6.40% and 4.80% for the Company's U.S. Pension Plan and other postretirement obligations, respectively.Assumptions Used in Calculating the Benefit Obligations and the Net Amount RecognizedFor the years ended December 31, 202420232022Weighted Average Assumptions used to determine benefit obligationsDiscount rate:U.S. Pension Plan5.65 %5.15 %5.43 %Other Pension