Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1827

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 1827
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— Effect of actual variances from expected experience1 3 (1)1 7 (1)— 5 — Adjusted beginning balance133 129 216 135 133 230 141 138 248 Interest accrual and other7 20 7 7 20 8 8 17 7 Benefit Payments(12)(28)(22)(12)(29)(21)(13)(29)(24)Ending balance at original discount rate128 121 201 130 124 217 136 126 231 Ending adjustment for changes in single-A rate— (15)(33)7 (11)(32)4 (14)(39)Ending balance at single-A rate$128 $106 $168 $137 $113 $185 $140 $112 $192 Net reserve for future policy benefits$128 $61 $168 $137 $64 $185 $140 $65 $192 Weighted-average duration of the reserve for future policy benefits (years)9.211.06.39.012.26.49.211.46.4 Net Reserve for Future Policy BenefitsAs of December 31,202420232022Payout Annuities$128 $137 $140 Life Conversions61 64 65 Paid-up Life168 185 192 Deferred Profit Liability17 20 19 Other74 78 86 Total$448 $484 $502 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 11 - Reserve for Future Policy BenefitsTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

Undiscounted Expected Future Gross Premiums and Benefit Payments As of December 31,202420232022Payout Annuities [1]Expected future benefit payments$256 $257 $272 Life ConversionsExpected future gross premiums$106 $114 $120 Expected future benefit payments$198 $204 $212 Paid-up Life [1]Expected future benefit payments$260 $281 $300 [1]Payout Annuities and Paid-up Life have no expected future gross premiums.Weighted-Average Interest RatesAs of December 31,202420232022Payout AnnuitiesInterest accretion rate5.6 %