Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 287

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 287
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 to terminate existing swaps, thereby offsetting the changes in value of the original swap going forward. As of September 30, 2025 and December 31, 2024, the notional amount of interest rate swaps in offsetting relationships was $333 and $344, respectively. 

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Table of ContentsNote 6 - DerivativesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Foreign Currency SwapsThe Company enters into foreign currency swaps to convert the foreign currency exposures of certain foreign currency-denominated fixed maturity investments to U.S. dollars. Equity Index OptionsThe Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio. Derivative Balance Sheet ClassificationFor reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset. The following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation. The Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table. The notional amount of derivative contracts represents the basis upon which payments or receipts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity. Notional amounts are not necessarily reflective of credit risk. Derivative Balance Sheet PresentationNet DerivativesAsset Derivatives Liability Derivatives Notional AmountFair ValueFair ValueFair ValueHedge Designation/ Derivative TypeSep 30, 2025Dec. 31, 2024Sep 30, 2025Dec. 31, 2024Sep 30, 2025Dec. 31, 2024Sep 30, 2025Dec. 31, 2024Cash flow hedgesInterest rate swaps$3,275 $4,225 $1 $— $1 $— $— $— Foreign currency swaps588 646 (1)41 30 52 (31)(11)Total cash flow hedges3,863 4,871 — 41 31 52 (31)(11)Non-qualifying strategiesInterest rate contracts