Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 72

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 2
Chunk 72
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 on CMBS and $1 on a below investment grade corporate issuer. For the three and nine months ended September 30, 2024 unrealized losses on securities with an ACL recognized in OCI were $0 and less than $1, respectively.There were no intent-to-sell impairments.ACL on Mortgage LoansThree and nine months ended September 30, 2025The Company reviews mortgage loans on a quarterly basis to estimate the ACL with changes in the ACL recorded in net realized gains and losses. Apart from an ACL recorded on individual mortgage loans where the borrower is experiencing financial difficulties, the Company records an ACL on the pool of mortgage loans based on lifetime expected credit losses. For further information, refer to Note 5 - Investments of Notes to Condensed Consolidated Financial Statements.For both the three and nine months ended September 30, 2025, the Company recorded an increase in the ACL on mortgage loans of $6. The increase in the allowance is primarily attributable to weaker real estate fundamentals, property specific declines, and net additions of new loans.Three and nine months ended September 30, 2024For the three months ended September 30, 2024, there were no credit loss adjustments on mortgage loans. For the nine months ended September 30, 2024, the Company recorded a credit loss reversal of $3 primarily attributable to improved economic scenario forecasts and property specific improvements, partially offset by net additions of new loans.

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Table of ContentsIndex to MD&A Part I - Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Capital Resources and Liquidity

The following section discusses the overall financial strength of The Hartford and its insurance operations including their ability to generate cash flows from each of their business segments, borrow funds at competitive rates and raise new capital to meet operating and growth needs.Summary of Capital Resources and LiquidityCapital available to the HIG Holding Company as of September 30, 2025:•Approximately $1.3 billion in fixed maturities, short-term investments, investment sales receivable and cash at the HIG Holding Company;•A senior unsecured revolving credit facility that provides for borrowing capacity up to $750 of unsecured credit through September 24, 2030. As of September 30, 2025, there were no borrowings outstanding; and•An intercompany liquidity agreement that allows for short-term advances of funds among the HIG Holding Company and certain affiliates of up to $2.0 billion for liquidity and other general corporate purposes