Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 304

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 304
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 Life Conversions62 66 Paid-up Life167 176 Deferred Profit Liability16 19 Other85 74 Total$456 $470 

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Table of ContentsNote 10 - Reserve for Future Policy BenefitsThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Undiscounted Expected Future Gross Premiums and Benefit Payments As of September 30,20252024Payout Annuities [1]Expected future benefit payments$240 $249 Life ConversionsExpected future gross premiums$100 $107 Expected future benefit payments$189 $199 Paid-up Life [1]Expected future benefit payments$244 $262 [1]Payout Annuities and Paid-up Life have no expected future gross premiums.Weighted-Average Interest RatesAs of September 30,20252024Payout AnnuitiesInterest accretion rate5.6 %5.6 %Current discount rate5.2 %4.9 %Life ConversionsInterest accretion rate4.3 %4.3 %Current discount rate5.4 %5.0 %Paid-up LifeInterest accretion rate2.9 %2.9 %Current discount rate4.8 %4.7 %

The Company completed a review of cash flow assumptions in the third quarter 2025 and 2024, resulting in immaterial changes to the reserve for future policy benefits. For paid-up life, the net effect of updating cash flow assumptions was offset by a corresponding impact to the deferred profit liability.Gross premiums and interest accretion recognized on long-duration insurance policies for the nine months ended September 30, 2025 and 2024 were immaterial.

11. Other Policyholder Funds and Benefits PayableOther policyholder funds and benefits payable of $614 and $613 as of September 30, 2025 and 2024 respectively, included universal life long-duration contracts of $197 and $209 as well as policyholder balances related to short-duration contracts of $417 and $404. The universal life long-duration contracts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.Universal Life Long Duration Contracts RollforwardFor the nine months ended September 30,20252024Balance, beginning of the period$206 $223 Premiums Received9 9 Policy