Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1397

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1397
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6)17 31 148 — (33)115 Greater than nine to eleven months4 44 — (12)32 22 163 — (40)123 Twelve months or more93 811 (1)(259)551 143 1,216 — (327)889 Total236 $1,885 $(5)$(502)$1,378 220 $1,602 $(3)$(417)$1,182 

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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

Credit Losses on Fixed Maturities, AFS and Intent-to-Sell ImpairmentsFor the year ended December 31, 2024The Company recorded net credit losses of $2, primarily attributable to increases in the ACL of $1 on CMBS and $1 on a below investment grade corporate issuer. Unrealized losses on securities with an ACL recognized in OCI were less than $1. For further information, refer to Note 5 - Investments of Notes to Consolidated Financial Statements.There were no intent-to-sell impairmentsThe Company incorporates its best estimate of future performance using internal assumptions and judgments that are informed by economic and industry specific trends, as well as our expectations with respect to security specific developments.Future intent-to-sell impairments or credit losses may develop as the result of changes in our intent to sell specific securities that are in an unrealized loss position or if modeling assumptions, such as macroeconomic factors or security specific developments, change unfavorably from our current modeling assumptions, resulting in lower cash flow expectations.For the year ended December 31, 2023The Company recorded net credit losses of $14, primarily attributable to increases in the ACL of $12 related to three below investment grade corporate issuers and $2 related to a CMBS that had an ACL in the prior period driven by prepayments. Unrealized losses on securities with an ACL recognized in other comprehensive income were $4.There were no intent-to-sell impairments.ACL on Mortgage LoansFor the year ended December 31, 2024The Company reviews mortgage loans on a quarterly basis to estimate the ACL with changes in the ACL recorded in net realized gains and losses. Apart from an ACL recorded on individual mortgage loans where the borrower is experiencing financial difficulties, the Company records an ACL on the pool of mortgage loans based on lifetime expected credit losses. For further information, refer