Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 933

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 12
Chunk 933
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 If it is determined that an asset allocation mix rebalancing is required, future portfolio additions and withdrawals will be used first, as necessary, to bring the allocation within tactical ranges, before shifting assets across portfolios.The U.S. Pension Plan invests in multiple asset classes reflecting the current needs, investment preferences, risk tolerances and the desired degree of diversification of the U.S. Pension Plan. These asset classes include publicly traded fixed income securities and equities, private fixed income securities, commercial mortgage loans and limited partnerships. Investment portfolios are primarily managed by affiliated managers.In addition, the Company uses U.S. Treasury bond futures contracts and U.S. Treasury STRIPS, in addition to certain other investments, in a duration overlay program to adjust the duration of U.S. Pension Plan assets to better match the duration of the benefit obligation.Pension Plan Assets at Fair Value As of December 31, 2024As of December 31, 2023Asset CategoryLevel 1Level 2Level 3TotalLevel 1Level 2Level 3TotalShort-term investments:$164 $— $— $164 $187 $— $— $187 Fixed Income Securities:Corporate— 1,586 33 1,619 — 1,643 36 1,679 RMBS— 105 — 105 — 111 — 111 U.S. Treasuries8 278 — 286 — 271 — 271 Foreign government— 9 9 18 — 11 10 21 CMBS— 28 1 29 — 49 1 50 Other fixed income [1]— 162 — 162 — 160 — 160   Mortgage Loans— — 131 131 — — 143 143 Equity Securities:Domestic14 4 — 18 11 23 — 34 International— 37 — 37 — 45 — 45 Total pension plan assets at fair value, in the fair value hierarchy [2]186 2,209 174 2,569 198 2,313 190 2,701 Other Investments, at net asset value [3]:Limited partnerships778 826 Total pension plan assets at fair value$186 $2,209 $174 $3,347 $198 $2,313