Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1553

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 2
Chunk 1553
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, respectively, for the year ended December 31, 2024 and 6.10% and 4.50% for the Company's U.S. Pension Plan and other postretirement obligations, respectively, for the year 

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|Index to Consolidated Financial Statements and SchedulesTable of ContentsNote 18 - Employee Benefit PlansTHE HARTFORD INSURANCE GROUP, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

ended December 31, 2023. To determine the Company's 2025 expense, the Company has assumed an allocation of 81% in fixed income securities and 19% in non-fixed income securities for the pension plan and an allocation of 100% in fixed income securities for the postretirement plans, contributing to an expected long-term rate of return on plan assets of 6.40% and 4.80% for the Company's U.S. Pension Plan and other postretirement obligations, respectively.Assumptions Used in Calculating the Benefit Obligations and the Net Amount RecognizedFor the years ended December 31, 202420232022Weighted Average Assumptions used to determine benefit obligationsDiscount rate:U.S. Pension Plan5.65 %5.15 %5.43 %Other Pension Plans5.59 %5.14 %5.40 %Other postretirement benefits5.56 %5.13 %5.39 %Interest crediting rate on cash balance plan4.30 %4.36 %3.89 %Weighted Average Assumptions used to determine net periodic benefit costs:Discount rate:U.S. Pension Plan5.15 %5.43 %2.91 %Other Pension Plans5.13 %5.40 %2.83 %Other postretirement benefits5.13 %5.39 %2.72 %Expected long-term rate of return on plan assets:U.S. Pension Plan5.90 %6.10 %5.10 %Other Pension Plans4.00 %4.40 %3.30 %Other postretirement benefits4.50 %4.50 %4.80 %Assumed Health Care Cost Trend RatesPre-65 health care cost trend rate6.50 %8.00 %7.00 %Post-65 health care cost trend rateN/AN/AN