Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1101

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1101
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 December 31, 2024, there were no borrowings outstanding; and •An intercompany liquidity agreement that allows for short-term advances of funds among the HIG Holding Company and certain affiliates of up to $2.0 billion for liquidity and  other general corporate purposes. As of December 31, 2024, $1.9 billion was available, $105 was outstanding between certain affiliates, and there were no amounts outstanding at the HIG Holding Company.As of February 20, 2025, $1.85 billion was available, $150 was outstanding between certain affiliates and there were no amounts outstanding at the HIG Holding Company.2025 expected dividends and other sources of capital:The future payment of dividends from our subsidiaries is dependent on several factors including business results, capital position and liquidity of our subsidiaries.•P&C - The Company's property and casualty insurance subsidiaries have regulatory dividend capacity of $2.0 billion for 2025. The HIG Holding Company expects to receive approximately $1.7 billion of net dividends in 2025 after considering state deposit and regulatory capital requirements to support growth in certain entities, dividends that are expected to be subsequently contributed to P&C subsidiaries and dividends related to interest on intercompany notes.•Employee Benefits - Hartford Life and Accident Insurance Company ("HLA") has regulatory dividend capacity of $592 in 2025 with approximately $590 of dividends expected in 2025. •Hartford Funds - HIG Holding Company expects to receive approximately $150 in dividends from Hartford Funds in 2025. Expected liquidity requirements for the next twelve months as of December 31, 2024:•$194 of interest on debt, net of settlements on a related interest rate swap. See Note 13 - Debt of Notes to Consolidated Financial Statements;•$21 dividends on preferred stock, subject to the discretion of the Board of Directors; and•$605 of common stockholders' dividends, subject to the discretion of the Board of Directors and before share repurchases.Expected liquidity requirements for beyond the next twelve months as of December 31, 2024:•Interest on and repayments of debt, see Note 13 - Debt of Notes to Consolidated Financial Statements.•Preferred stock and common stock dividends, subject to the discretion of the Board of Directors.Equity repurchase program:In 2024, the Company repurchased 14.4 million common shares for $1.5 billion under two share repurchase programs authorized by the Board of Directors.