Company: HIG-PG
Filing Date: 2025-09-25
Form Type: 8-K
Source: 0000874766-25-000094
Chunk: 0

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-09-25
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry into a Material Definitive Agreement.

On September 24, 2025, The Hartford Insurance Group, Inc. (the "Company") entered into a Second Amended and Re stated Credit Agreement (the "Credit Agreement"), among the Company, Bank of America, N. A., as administrative agent, JPMorgan Chase Bank, N. A., Citibank, N. A., U. S. Bank National Association, and Wells Fargo Bank, National Association, as syndication agents, and BofA Securities, Inc., JPMorgan Chase Bank, N. A., Citibank, N. A, U. S. Bank National Association, and Wells Fargo Securities, LLC as joint lead arrangers and joint bookrunners, and the other lenders party thereto. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in the Credit Agreement.

The Credit Agreement provides for revolving loans as well as for the issuance of letters of credit up to an aggregate of $750 million committed by the lenders party thereto, with a $100 million sublimit on outstanding letters of credit at any time. The Credit Agreement also permits the Company to request an increase of the credit facility from time to time by up to an aggregate additional $500 million from certain lenders that elect to make such increase available, upon the satisfaction of certain conditions. The Company has unconditionally and irrevocably guaranteed the obligations of each of its subsidiaries that is named as a borrower under the Credit Agreement.

The Credit Agreement will expire on the earlier of (a)September 24, 2030 and (b) the date of termination in whole of the commitments. The Company may optionally prepay the loans or irrevocably reduce or terminate the unutilized portion of the commitments under the Credit Agreement, in whole or in part, without premium or penalty at any time by the delivery of a notice to that effect as provided under the Credit Agreement. Borrowings under the Credit Agreement may be used for general corporate purposes of the Company and its subsidiaries.

The Credit Agreement (x) requires the Company to maintain a minimum consolidated net worth of$12.7 billion and (y) subjects the Company to a limit on the ratio of consolidated total debt to consolidated total capitalization of 35%, in each case subject to the limitations and exceptions contained in the Credit Agreement. The Credit Agreement establishes rates for borrowings in alternative currencies and contains provisions specifying alternative interest rate calculation s. In addition, the Credit