Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 198

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 1
Chunk 198
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2024Loss ratio remained relatively flat for the three months ended June 30, 2025 compared to the prior year period. The group life loss ratio decreased 0.6 points due to lower mortality primarily driven by the accidental death product. The group disability loss ratio increased 1.4 points driven by higher short-term disability claim incidence as well as a slight increase in long-term disability incidence, partially offset by strong claim recoveries.The loss ratio improved 0.6 points in the six months ended June 30, 2025 compared to the prior year period reflecting a lower group life loss ratio. The group life loss ratio decreased 1.6 points driven by a lower level of mortality within both our term and accidental life products. Group disability loss ratio remained relatively flat compared to prior year driven by paid family and medical leave pricing actions offset by a slight increase in long-term disability incidence.Expense ratio increased for the three and six months ended June 30, 2025 primarily due to higher technology costs, including increased investment, as well as the impact of higher staffing costs.

Hartford Funds - Results of Operations

Operating Summary

Three Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangeFee income and other revenue$256 $253 1 %$516 $503 3 %Net investment income6 5 20 %10 9 11 %Net realized gains9 3 NM9 8 13 %Total revenues271 261 4 %535 520 3 %Operating costs and other expenses203 203 — %412 406 1 % Income before income taxes68 58 17 %123 114 8 %Income tax expense [1]14 14 — %26 25 4 %Net income$54 $44 23 %$97 $89 9 %Daily average Hartford Funds AUM$138,195 $134,064 3 %$140,004 $132,856 5 %ROA [2]15.6 13.1 19 %13.9 13.4 4 %Adjustment to reconcile ROA to ROA, core earnings:Effect of net realized gains excluded from core earnings, before tax(2.6)(0.9)(189 %)(1.3)(1.3)— %Effect of income tax