Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 78

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 2
Chunk 78
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 change as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated.Insurance OperationsWhile subject to variability period to period, underwriting and investment cash flows continue to provide sufficient liquidity to meet anticipated demands. The principal sources of operating funds are premiums, fees earned from insurance and administrative service agreements and investment income, while investing cash flows primarily originate from maturities and sales of invested assets. The Company’s insurance operations consist of property and casualty insurance products (collectively referred to as “Property & Casualty Operations”) and Employee Benefits products.The Company's insurance operations hold fixed maturity securities, including a significant short-term investment position (securities with maturities of one year or less at the time of purchase), to meet liquidity needs. Liquidity requirements that are unable to be funded by the Company's insurance operations' short-term investments would be satisfied with current operating funds, including premiums or investing cash flows, which includes proceeds received through the sale of invested assets. A sale of invested assets could result in significant realized losses.The following tables represent the fixed maturity holdings, including the aforementioned cash and short-term investments available to meet liquidity needs, for each of the Company’s insurance operations.Property & Casualty OperationsAs of September 30, 2025Fixed maturities$37,096 Short-term investments2,295 Cash115 Less: Derivative collateral62 Total$39,444 Property & Casualty operations invested assets also include $149 in equity securities, $5.0 billion in mortgage loans and $4.3 billion in limited partnerships and other alternative investments.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Employee Benefits OperationsAs of September 30, 2025Fixed maturities$8,106 Short-term investments297 Cash11 Less: Derivative collateral17 Total$8,397 Employee Benefits operations invested assets also include $34 in equity securities, $1.6 billion in mortgage loans and $1.1 billion in limited partnerships and other alternative investments.The primary uses of funds are to pay claims, claim adjustment expenses, commissions and other underwriting and insurance operating costs, to pay taxes, to purchase new investments and to make dividend payments to the HIG Holding Company.Property & Casualty reserves for unpaid losses and loss adjustment expenses as of September 30, 2025 were $37.7 billion and net of reinsurance and other recoverables were $