Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 264

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 8
Chunk 264
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 elected the fair value option for certain investments in residual interests of securitizations and other securities that contain embedded credit derivatives with underlying credit risk related to residential real estate in order to reflect changes in fair value in earnings. These instruments are included within FVO securities on the Condensed Consolidated Balance Sheets and changes in the fair value of these investments are reported in net realized gains and losses.As of June 30, 2025 and December 31, 2024, the fair value of assets using the fair value option was $181 and $308, respectively, of which $181 and $197, respectively, were residual interests of securitizations.For the three and six months ended June 30, 2025, net realized gains (losses) related to the change in fair value of assets using the fair value option were $(13) and $(17), respectively. For the three and six months ended June 30, 2024, net realized gains (losses) related to the change in fair value of assets using the fair value option were $(1) and $3, respectively.Financial Instruments Not Carried at Fair ValueFinancial Assets and Liabilities Not Carried at Fair ValueJune 30, 2025December 31, 2024Fair Value Hierarchy LevelCarrying Amount [1]Fair ValueFair Value Hierarchy LevelCarrying Amount [1]Fair ValueAssetsMortgage loansLevel 3$6,463 $6,166 Level 3$6,396 $5,901 LiabilitiesOther policyholder funds and benefits payableLevel 3$612 $612 Level 3$614 $614 Senior notes [2]Level 2$3,870 $3,445 Level 2$3,867 $3,406 Junior subordinated debentures [2]Level 2$499 $465 Level 2$499 $460 [1]As of June 30, 2025 and December 31, 2024, the carrying amount of mortgage loans is net of ACL of $43 and $44, respectively.[2]Included in long-term debt in the Condensed Consolidated Balance Sheets, except for any current maturities, which are included in short-term debt when applicable.

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Table of ContentsNote 5 - InvestmentsThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

5. InvestmentsNet Realized Gains