Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1345

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1345
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%59 %Other income (expense) [3](5)(1)(12)NM92 %Income before income taxes2,925 2,587 2,050 13 %26 % Income tax expense [4]576 502 426 15 %18 %Net income$2,349 $2,085 $1,624 13 %28 %

[1]For additional information on current accident year catastrophes and prior accident year development, see MD&A - Critical Accounting Estimates, Property and Casualty Insurance Product Reserves Development, Net of Reinsurance and Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]Includes integration costs in connection with the 2019 acquisition of Navigators Group.

[4]For discussion of income taxes, see Note 16 - Income Taxes of Notes to Consolidated Financial Statements.

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Premium Measures

202420232022Small Business:Net new business premium$1,101 $915 $768 Policy count retention84 %85 %86 %Renewal written price increases6.4 %4.6 %3.8 %Renewal earned price increases6.1 %4.3 %3.5 %Policies in-force as of end of period (in thousands)1,570 1,492 1,421 Middle Market [1]:Net new business premium$717 $617 $531 Premium retention84 %83 %83 %Renewal written price increases6.9 %7.2 %5.6 %Renewal earned price increases7.5 %6.5 %5.7 %Global Specialty:Global specialty gross new business premium [2]$944 $883 $825 Renewal written price increases [3]5.8 %4.4 %5.9 %Renewal earned price increases [3]5.9 %5.4 %9.3 %

[1]Except for net new business premium, metrics for middle market exclude loss sensitive and programs businesses.

[2]Excludes Global