Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 145

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 145
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 balance at original discount rate122 118 191 127 122 202 Ending adjustment for changes in single-A rate4 (13)(24)8 (10)(26)Ending balance at single-A rate$126 $105 $167 $135 $112 $176 Net reserve for future policy benefits$126 $62 $167 $135 $66 $176 Weighted-average duration of the reserve for future policy benefits (years)9.411.06.29.011.66.6 Net Reserve for Future Policy BenefitsAs of September 30,20252024Payout Annuities$126 $135 Life Conversions62 66 Paid-up Life167 176 Deferred Profit Liability16 19 Other85 74 Total$456 $470 

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Table of ContentsNote 10 - Reserve for Future Policy BenefitsThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Undiscounted Expected Future Gross Premiums and Benefit Payments As of September 30,20252024Payout Annuities [1]Expected future benefit payments$240 $249 Life ConversionsExpected future gross premiums$100 $107 Expected future benefit payments$189 $199 Paid-up Life [1]Expected future benefit payments$244 $262 [1]Payout Annuities and Paid-up Life have no expected future gross premiums.Weighted-Average Interest RatesAs of September 30,20252024Payout AnnuitiesInterest accretion rate5.6 %5.6 %Current discount rate5.2 %4.9 %Life ConversionsInterest accretion rate4.3 %4.3 %Current discount rate5.4 %5.0 %Paid-up LifeInterest accretion rate2.9 %2.9 %Current discount rate4.8 %4.7 %

The Company completed a review of cash flow assumptions in the third quarter 2025 and 2024, resulting in immaterial changes to the reserve for future policy benefits. For paid-up life, the net effect of updating cash flow assumptions was offset by a corresponding impact to the deferred profit liability.Gross premiums and interest accretion recognized on long-duration insurance policies for the nine months ended September 30, 2025 and 2024 were immaterial.

11. Other Policyholder Funds and