Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 252

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 252
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.ReclassificationsCertain reclassifications have been made to prior year financial information to conform to the current year presentation.Future Adoption of New Accounting StandardsInternally Developed Software CostsThe Financial Accounting Standards Board (“FASB”) issued new guidance on the accounting for internally developed software costs. Under the new guidance, costs associated with software developed for internal use will now be capitalized when management authorizes a project and when it is probable the project will be completed and used to perform the function intended, rather than when a project reaches the application development stage under existing guidance. The guidance is effective beginning January 1, 2028, with early adoption permitted, and can be applied prospectively, retrospectively, or on a modified retrospective basis. The Company has not yet determined the transition method, timing for adoption, or estimated the effect on the Company’s financial statements.

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Table of ContentsNote 2 - Earnings Per Common Share The Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

2. Earnings Per Common Share Computation of Basic and Diluted Earnings per Common ShareThree Months Ended September 30,Nine Months Ended September 30,(In millions, except for per share data)2025202420252024Earnings Net income$1,080 $767 $2,705 $2,258 Less: Preferred stock dividends6 6 16 16 Net income available to common stockholders$1,074 $761 $2,689 $2,242 SharesWeighted average common shares outstanding, basic280.9 292.6 283.7 295.4 Dilutive effect of stock-based awards under compensation plans4.1 4.9 4.1 4.6 Weighted average common shares outstanding and dilutive potential common shares 285.0 297.5 287.8 300.0 Net income available to common stockholders per common shareBasic$3.82 $2.60 $9.48 $7.59 Diluted$3.77 $2.56 $9.34 $7.47 

3. Segment InformationThe Company currently conducts business principally in five reportable segments including Business Insurance, Personal Insurance, Property & Casualty ("P&C") Other Operations, Employee Benefits and Hartford Funds, as well as a Corporate category. 

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Table of ContentsNote 3 - Segment InformationThe Hartford Insurance Group, Inc.Notes