Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1399

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1399
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 subsidiaries and dividends related to interest on intercompany notes.•Employee Benefits - Hartford Life and Accident Insurance Company ("HLA") has regulatory dividend capacity of $592 in 2025 with approximately $590 of dividends expected in 2025. •Hartford Funds - HIG Holding Company expects to receive approximately $150 in dividends from Hartford Funds in 2025. Expected liquidity requirements for the next twelve months as of December 31, 2024:•$194 of interest on debt, net of settlements on a related interest rate swap. See Note 13 - Debt of Notes to Consolidated Financial Statements;•$21 dividends on preferred stock, subject to the discretion of the Board of Directors; and•$605 of common stockholders' dividends, subject to the discretion of the Board of Directors and before share repurchases.Expected liquidity requirements for beyond the next twelve months as of December 31, 2024:•Interest on and repayments of debt, see Note 13 - Debt of Notes to Consolidated Financial Statements.•Preferred stock and common stock dividends, subject to the discretion of the Board of Directors.Equity repurchase program:In 2024, the Company repurchased 14.4 million common shares for $1.5 billion under two share repurchase programs authorized by the Board of Directors. The Company had a $3.0 billion share repurchase authorization which was effective through December 31, 2024. In addition to this authorization, in July 2024, the Board of Directors approved a $3.3 billion share repurchase authorization effective from August 1, 2024 to December 31, 2026. As of December 31, 2024, the Company has $3.15 billion remaining for equity repurchases under the share repurchase program effective through 2026. During the period January 1, 2025 through February 20, 2025, the Company repurchased approximately 2.2 million common shares for $248.The timing of any repurchases is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.|LIQUIDITY REQUIREMENTS AND SOURCES OF CAPITALThe Hartford Insurance Group, Inc. ("HIG Holding Company")The liquidity requirements of the HIG Holding Company will primarily be met by HIG Holding Company’s fixed matur