Company: HIG-PG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0000874766-25-000040
Chunk: 29

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 29
---
 with above target performance primarily driven by strong business performance in Employee Benefits and Property & Casualty lines; Employee Benefits outperformance due to favorable life incidence and positive long-term disability outcomes; net favorable P&C prior year reserve development; and higher fixed maturity income resulting from increased interest rates and asset levels, offset by lower returns from limited partnerships in commercial real estate and private equities.

In assessing overall performance and arriving at the 2024 AIP funding level, the Compensation Committee started with the formulaic AIP funding level and undertook a qualitative review of a variety of metrics in the categories described below. The Compensation Committee determined that, while the Company performed well in these categories, the formulaic AIP funding factor of 143% appropriately reflected strong 2024 performance. Accordingly, the Compensation Committee concluded that no adjustment to the formulaic AIP funding factor was necessary.

| Qualitative Criteria         |     | Rationale                                                                                                                                                                                                                                        |
| Composition of Earnings      |     | Understanding trends that drove earnings informs how the Compensation Committee thinks about holistic company performance.                                                                                                                       |
| Strategic Initiatives        |     | Strategic initiatives position the Company for long term-growth and often represent significant successes in a given year, but such initiatives may not be reflected or may reflect negatively in the quantitative formula.                      |
| Peer-Relative Performance    |     | Performance against the public companies within our 2024 Corporate Peer Group on key financial metrics and TSR is not captured in the quantitative formula but informs how the Compensation Committee thinks about holistic company performance. |
| Risk and Compliance          |     | Linked to strategy of attracting and retaining talent, as prospective employees are significantly more likely to work for a company that has a strong reputation of ethical conduct.                                                             |
| Strategic Expense Management |     | Managing expenses is critical to maintaining competitive pricing and freeing up resources for investments in the business.                                                                                                                       |

#### Determination of Individual NEO Awards
The AIP funding level multiplied by an individual’s target AIP opportunity produces an initial AIP award, which the Committee may adjust based on individual performance. In light of his responsibility for overall company performance, the CEO's AIP award has equaled the AIP funding level, without further adjustment, every year since he assumed the position in 2014. For awards granted to the NEOs in February 2025 for 2024 performance under the AIP, see 2024 Named Executive Officer's Compensation and Performance beginning on page 44 .

| 2025 Proxy Statement |     | 41 |

| COMPENS