Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 109

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 109
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1)$— [1]Included in other investments in the Company's Condensed Consolidated Balance Sheets.[2]Included in other liabilities in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative payable associated with each counterparty.[3]Included in other investments in the Company's Condensed Consolidated Balance Sheets and is limited to the net derivative receivable associated with each counterparty.[4] Excludes collateral associated with exchange-traded derivative instruments.Cash Flow HedgesFor derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the derivative is reported as a component of OCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.Gains (Losses) Recognized in OCI Three Months Ended March 31,20252024Interest rate swaps$10 $(17)Foreign currency swaps(6)17 Total$4 $— Gains (Losses) Reclassified from AOCI into IncomeThree months ended March 31,20252024Net Investment IncomeInterest ExpenseNet Investment IncomeInterest ExpenseInterest rate swaps$(2)$3 $(7)$4 Foreign currency swaps3 — 3 — Total$1 $3 $(4)$4 Total amounts presented on the Condensed Consolidated Statement of Operations$656 $50 $593 $50 

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Table of ContentsNote 6 - DerivativesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

As of March 31, 2025, the before tax deferred net losses on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $24. This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities and long-term debt that will occur over the next twelve months. At that time, the Company will recognize the deferred net gains (losses) as an adjustment to net investment income or interest expense, as applicable, over the term of the hedged instrument cash flows. During the three months ended March 31, 2025 and 2024, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.Non-qualifying StrategiesFor non-qualifying strategies