Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1303

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1303
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 Benefits Net Income Margin

ÝIncreased 20 bpsÞImproved 1.7 pointsÝIncreased 0.2 points+A higher yield on fixed maturity securities due to reinvesting at higher rates+Lower underlying loss and LAE ratio in Personal Insurance+Improved group life loss ratio+Lower net realized losses-Lower returns on limited partnerships and other alternative investments+Favorable prior accident year reserve development in the 2024 period-Higher expense ratio-Higher loss ratio on paid family and medical leave and supplemental health products-A slightly higher expense ratio in P&C-Higher catastrophe losses in P&C

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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

CONSOLIDATED RESULTS OF OPERATIONSThe Consolidated Results of Operations should be read in conjunction with the Company's Consolidated Financial Statements and the related Notes as well as with the Reportable Segment and Corporate Operating Summaries within the MD&A.

Consolidated Results of Operations

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Earned premiums$22,567 $21,026 $19,390 7 %8 %Fee income1,373 1,300 1,349 6 %(4 %)Net investment income2,568 2,305 2,177 11 %6 %Net realized losses(61)(188)(627)68 %70 %Other revenues88 84 73 5 %15 %Total revenues26,535 24,527 22,362 8 %10 %Benefits, losses and loss adjustment expenses14,874 14,238 13,138 4 %8 %Amortization of deferred policy acquisition costs ("DAC")2,282 2,044 1,824 12 %12 %Insurance operating costs and other expenses5,258 4,881 4,841 8 %1 %Interest expense199 199 213 — %(7 %)Amortization of other intangible assets71 71 71 — %— %Restructuring and other costs2 6 13 (67 %)(54 %)Total benefits, losses and expenses22,686 21,439 20,100 6 %7