Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1112

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1112
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 amount of capital we must hold in order to maintain our current ratings. See Part I, Item 1A. Risk Factors — “Downgrades in our financial strength or credit ratings may make our products less attractive, increase our cost of capital and inhibit our ability to refinance our debt.”Insurance Financial Strength Ratings as of February 20, 2025A.M. BestStandard & Poor'sMoody'sHartford Fire Insurance CompanyA+A+A1Hartford Life and Accident Insurance CompanyA+A+A1Navigators Insurance CompanyA+A+Not RatedOther Ratings:   The Hartford Insurance Group, Inc.:   Senior debta-BBB+Baa1

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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

|STATUTORY CAPITAL

U.S. Statutory Capital Rollforward for the Company's Insurance SubsidiariesProperty and Casualty Insurance Subsidiaries [1] [2]Employee Benefits Insurance SubsidiaryTotalU.S. statutory capital at January 1, 2024$12,549 $2,748 $15,297 Statutory income2,112 576 2,688 Dividends to parent(1,500)(608)(2,108)Other items133 (8)125 Net change to U.S. statutory capital745 (40)705 U.S. statutory capital at December 31, 2024$13,294 $2,708 $16,002 

[1]The statutory capital for property and casualty insurance subsidiaries in this table does not include the value of an intercompany note owed by HHI to Hartford Fire Insurance Company. 

[2]Excludes insurance operations in the U.K.

Stat to GAAP DifferencesSignificant differences between U.S. GAAP stockholders’ equity and aggregate statutory capital prepared in accordance with U.S. STAT include the following:•U.S. STAT excludes equity of non-insurance and foreign insurance subsidiaries not held by U.S. insurance subsidiaries.•Costs incurred by the Company to acquire insurance policies are deferred under U.S. GAAP while those costs are expensed immediately under U.S. STAT.•Temporary differences between the book and tax basis of an asset or liability which are recorded as deferred tax assets are evaluated for recoverability under U.S. GAAP while these amounts are then subject to further admissibility tests under U.S. STAT.•The assumptions used