Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 228

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 8
Chunk 228
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 unrealized gains (losses) on equity securities still held as of the end of the period and included in net realized gains (losses) were $(11) and $36 for the three months ended March 31, 2025, and 2024, respectively.[2] The three months ended March 31, 2025, and 2024 includes gains (losses) from transactional foreign currency revaluation of $(10) and $2, respectively, and gains (losses) on non-qualifying derivatives of $0 and $(2), respectively.Proceeds from the sales of fixed maturities, AFS totaled $1.0 billion and $0.4 billion for the three months ended March 31, 2025 and 2024, respectively. There were no non-cash investing activities for both the three months ended March 31, 2025 and 2024.Accrued Investment Income on Fixed Maturities, AFS and Mortgage LoansAs of March 31, 2025 and December 31, 2024, the Company reported accrued investment income related to fixed maturities, AFS of $426 and $412, respectively, and accrued investment income related to mortgage loans of $23 and $22, respectively. These amounts are not included in the carrying value of the fixed maturities or mortgage loans. Investment income on fixed maturities and mortgage loans is accrued unless it is past due over 90 days or management deems the interest uncollectible. The Company does not include the current accrued investment income balance when estimating the ACL. The Company has a policy to write-off accrued investment income balances that are more than 90 days past due. Write-offs of accrued investment income are recorded as a credit loss component of net realized gains and losses.Recognition and Presentation of Intent-to-Sell Impairments and ACL on Fixed Maturities, AFSThe Company will record an "intent-to-sell impairment" as a reduction to the amortized cost of fixed maturities, AFS in an unrealized loss position if the Company intends to sell or it is more likely than not that the Company will be required to sell the fixed maturity before a recovery in value. A corresponding charge is recorded in net realized losses equal to the difference between the fair value on the impairment date and the amortized cost basis of the fixed maturity before recognizing the impairment.For fixed maturities where a credit loss has been identified and no intent-to-sell impairment has