Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 56

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 56
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 AA+86 87 AA+RevenueTransportation1,119 1,055  A+ 1,134 1,084 A+Health Care830 752  A+ 864 789 A+Leasing [2]610 568  AA 627 588 AAEducation379 359  AA 402 385 AAWater & Sewer302 277  AA 308 289 AAPower210 200  A+ 281 272 AHousing187 177  AA 195 185 AASales Tax177 173  AA 183 183 AAOther437 406  AA- 461 434 AA-Total Revenue4,251 3,967 AA-4,455 4,209 AA-Total Municipal$5,340 $5,030 AA-$5,574 $5,304 AA-

[1]Pre-refunded bonds are bonds for which an irrevocable trust containing sufficient U.S. treasury, agency, or other securities has been established to fund the remaining payments of principal and interest.

[2]Leasing revenue bonds are generally the obligations of a financing authority established by the municipality that leases facilities back to a municipality. The notes are typically secured by lease payments made by the municipality that is leasing the facilities financed by the issue. Lease payments may be subject to annual appropriation by the municipality, or the municipality may be obligated to appropriate general tax revenues to make lease payments.

As of both March 31, 2025, and December 31, 2024, the largest issuer concentrations were the Metropolitan Transportation Authority, the State of Illinois, and the State of California, which each comprised less than 3% of the municipal bond portfolio and were primarily comprised of general obligation and revenue bonds. In total, municipal bonds make up 8% of the fair value of the Company's investment portfolio.Limited Partnerships and Other Alternative InvestmentsThe following table presents the Company’s investments in limited partnerships and other alternative investments which include real estate joint ventures, real estate funds, private equity funds, other funds, and other alternative investments. Private equity funds primarily consist of investments in funds whose assets typically consist of a diversified pool of investments in small to mid-sized non-public businesses with high growth potential and strong owner sponsorship, as well as limited exposure to public markets.Income or losses on investments in limited partnerships and other alternative investments are recognized on a lag