Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 78

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 78
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 in which the Company has significant influence over the operating and financing decisions but does not control are reported using the equity method. Intercompany transactions and balances between The Hartford and its subsidiaries and affiliates have been eliminated.Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.The most significant estimates include those used in determining property and casualty and group long-term disability ("LTD") insurance product reserves, net of reinsurance; evaluation of goodwill for impairment; valuation of investments and derivative instruments; and contingencies relating to corporate litigation and regulatory matters.

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Table of ContentsNote 2 - Earnings Per Common Share The Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

2. Earnings Per Common Share Computation of Basic and Diluted Earnings per Common ShareThree Months Ended March 31,(In millions, except for per share data)20252024Earnings Net income$630 $753 Less: Preferred stock dividends5 5 Net income available to common stockholders$625 $748 SharesWeighted average common shares outstanding, basic286.6 298.1 Dilutive effect of stock-based awards under compensation plans4.2 4.5 Weighted average common shares outstanding and dilutive potential common shares 290.8 302.6 Net income available to common stockholders per common shareBasic$2.18 $2.51 Diluted$2.15 $2.47 

3. Segment InformationThe Company currently conducts business principally in five reportable segments including Business Insurance, Personal Insurance, Property & Casualty ("P&C") Other Operations, Employee Benefits and Hartford Funds, as well as a Corporate category. 

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Table of ContentsNote 3 - Segment InformationThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

Segment RevenuesThree Months Ended March 31,20252024Business InsuranceWorkers’ compensation$918 $917 General liability584 526 Marine69 67 Package business619 549 Commercial property339 290 Professional liability206 203 Bond85 78 Assumed reinsurance220 181 Commercial automobile295 248 Business Insurance earned premium and fee income3