Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1705

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1705
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 $300.|PURCHASE AND OTHER OBLIGATIONSThe Hartford’s unfunded commitments to purchase investments in limited partnerships and other alternative investments, mortgage loans, private debt and equity securities, as well as tax credits are disclosed in Note 14 - Commitments and Contingencies of Notes to Consolidated Financial Statements. It is anticipated that these unfunded commitments will be funded through the Company’s normal operating and investing activities.In the normal course of business, the Company enters into contractual commitments to purchase various goods and services such as maintenance, human resources, and information technology. The Company’s operating lease commitments are disclosed in Note 20 - Leases of Notes to Consolidated Financial Statements. It is anticipated that these purchase commitments and operating lease obligations will be funded through the Company’s normal operating and investing activities.

|CAPITALIZATION

Capital StructureDecember 31, 2024December 31, 2023ChangeLong-term debt$4,366 $4,362 —%Total debt4,366 4,362 —%Common stockholders' equity, excluding AOCI, net of tax18,999 17,842 6%Preferred stock334 334 —%AOCI, net of tax(2,886)(2,849)(1)%Total stockholders’ equity$16,447 $15,327 7%Total capitalization$20,813 $19,689 6%Debt to stockholders’ equity27 %28 %Debt to capitalization21 %22 %

Total capitalization increased $1,124, or 6%, as of December 31, 2024 compared to December 31, 2023 primarily due to net income in excess of common stockholder dividends in the period partially offset by share repurchases.For additional information on AOCI, net of tax, including unrealized gains (losses) from securities, see Note 17 - Changes in and Reclassifications From Accumulated Other Comprehensive Income (Loss) and Note 5 - Investments of Notes to Consolidated Financial Statements. For additional information on debt, see Note 13 - Debt of Notes to Consolidated Financial Statements.

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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

|CASH FLOW

202420232022Net cash provided by operating activities $5,909 $4,220 $4,008 Net cash used for investing activities $(3,