Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1407

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1407
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, see Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements. Due to the significance of the assumptions used, payments for the next twelve months and beyond twelve months could materially differ from historical patterns.Corporate includes reserves as of December 31, 2024 were $371, and net of reinsurance were $147. These reserves related to retained run-off liabilities of its former life and annuity business. For additional information about future policy benefits and other policyholder funds and benefits payable, see Note 11 - Reserve for Future Policy Benefits and Note 12 - Other Policyholder Funds and Benefits Payable of Notes to Consolidated Financial Statements.Hartford FundsHartford Funds' principal sources of operating funds are fees earned from basis points on assets under management with uses primarily for payments to subadvisors and other general operating expenses. As of December 31, 2024, Hartford Funds cash and short-term investments were $300.|PURCHASE AND OTHER OBLIGATIONSThe Hartford’s unfunded commitments to purchase investments in limited partnerships and other alternative investments, mortgage loans, private debt and equity securities, as well as tax credits are disclosed in Note 14 - Commitments and Contingencies of Notes to Consolidated Financial Statements. It is anticipated that these unfunded commitments will be funded through the Company’s normal operating and investing activities.In the normal course of business, the Company enters into contractual commitments to purchase various goods and services such as maintenance, human resources, and information technology. The Company’s operating lease commitments are disclosed in Note 20 - Leases of Notes to Consolidated Financial Statements. It is anticipated that these purchase commitments and operating lease obligations will be funded through the Company’s normal operating and investing activities.

|CAPITALIZATION

Capital StructureDecember 31, 2024December 31, 2023ChangeLong-term debt$4,366 $4,362 —%Total debt4,366 4,362 —%Common stockholders' equity, excluding AOCI, net of tax18,999 17,842 6%Preferred stock334 334 —%AOCI, net of tax(2,886)(2,849)(1)%Total stockholders’ equity$16,447 $15,327 7%Total capitalization$20,813 $19,689 6%Debt to stockholders’ equity27 %28 %Debt to capitalization21 %22 %

Total capital