Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 176

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 176
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 years ended December 31, 2024, 2023, and 2022, respectively. Sales of fixed maturities, AFS in 2024 were primarily a result of tactical changes to the portfolio driven by changing market conditions, in addition to duration and liquidity management. Non-cash investing activities for the year ended December 31, 2024, included $18 related to the exchange of short-term investments for equity securities. Non-cash investing activities for the year ended December 31, 2023, included $80, related to the exchange of short-term investments for mortgage loans.Accrued Investment Income on Fixed Maturities, AFS and Mortgage LoansAs of December 31, 2024 and December 31, 2023, the Company reported accrued investment income related to fixed maturities, AFS of $412 and $371, respectively, and accrued investment income related to mortgage loans of $22 and $20, respectively. These amounts are not included in the carrying value of the fixed maturities or mortgage loans. Investment income on fixed maturities and mortgage loans is accrued unless it is past due over 90 days or management deems the interest uncollectible. The Company does not include the current accrued investment income balance when estimating the ACL. The Company has a policy to write-off accrued investment income balances that are more than 90 days past due. Write-

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 5 - InvestmentsTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

offs of accrued investment income are recorded as a credit loss component of net realized gains and losses.Recognition and Presentation of Intent-to-Sell Impairments and ACL on Fixed Maturities, AFSThe Company will record an "intent-to-sell impairment" as a reduction to the amortized cost of fixed maturities, AFS in an unrealized loss position if the Company intends to sell or it is more likely than not that the Company will be required to sell the fixed maturity before a recovery in value. A corresponding charge is recorded in net realized losses equal to the difference between the fair value on the impairment date and the amortized cost basis of the fixed maturity before recognizing the impairment.For fixed maturities where a credit loss has been identified and no intent-to-sell impairment has been recorded, the Company will record an ACL for the portion of the unrealized loss related to the credit