Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 49

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 2
Chunk 49
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3]2 1 100%4 5 (20%)Insurance operating costs and other expenses [1]13 12 8%41 37 11%Interest expense [4]50 49 2%150 149 1%Restructuring and other costs— 1 (100%)— 2 (100%)Total benefits, losses and expenses65 63 3%195 193 1%Loss before income taxes(14)(21)33%(85)(83)(2%)Income tax benefit [5](32)(9)NM(53)(39)(36%)Net income (loss)18 (12)NM(32)(44)27%Preferred stock dividends6 6 —%16 16 —%Net income (loss) available to common stockholders $12 $(18)167 %$(48)$(60)20%

[1]Includes investment management fees and expenses related to managing third-party assets.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]Includes benefits expense on life and annuity business previously underwritten by the Company.

[4]For discussion of debt, see Note 13 - Debt of Notes to Consolidated Financial Statements in The Hartford's 2024 Form 10-K Annual Report.

[5]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net income (loss) available to common stockholders  Three and nine months ended September 30, 2025 compared to 2024Net income available to common stockholders changed from a net loss available to common stockholders for the three months ended September 30, 2025, primarily driven by a higher net tax benefit, which includes a release of a provision for an uncertain tax position and tax related interest accruals, as well as higher net realized gains.Net loss available to common stockholders decreased for the nine months ended September 30, 2025, primarily driven by a higher net tax benefit, which includes a release of a provision for an uncertain tax position and tax related interest accruals, partially offset by lower net realized gains and lower net investment income. For further discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

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Table