Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 146

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 146
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 Benefits PayableOther policyholder funds and benefits payable of $614 and $613 as of September 30, 2025 and 2024 respectively, included universal life long-duration contracts of $197 and $209 as well as policyholder balances related to short-duration contracts of $417 and $404. The universal life long-duration contracts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.Universal Life Long Duration Contracts RollforwardFor the nine months ended September 30,20252024Balance, beginning of the period$206 $223 Premiums Received9 9 Policy Charges(14)(18)Surrenders and Withdrawals(4)(4)Benefit Payments(6)(6)Interest Credited6 5 Balance, end of the period$197 $209 Weighted-average crediting rate4.3 %4.3 %Net Amount at Risk [1]$775 $852 Cash Surrender Value$196 $207 [1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of September 30, 2025 and 2024, universal life contracts of $196 and $208, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%. 

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Table of ContentsNote 12 - Income TaxesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

12. Income Taxes

Income Tax ExpenseIncome Tax Rate ReconciliationThree Months Ended September 30,Nine Months Ended September 30,2025202420252024Tax provision at U.S. federal statutory rate$277 $200 $703 $583 Nontaxable net investment income(9)(9)(23)(31)Uncertain tax position reserve(10)(4)(9)(3)Tax credits(13)(2)(28)(10)Other (7)— (1)(22)Provision for income taxes$238 $185 $642 $517 Uncertain Tax PositionsRollforward of Unrecognized Tax Benefits Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Balance, beginning of period$25 $27 $24 $26 Gross increases - tax positions in current period4 1 5 2