Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 17

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 17
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 Income Taxes of Notes to Condensed Consolidated Financial Statements.

59

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

Investment Results

Composition of Invested AssetsMarch 31, 2025December 31, 2024AmountPercentAmountPercentFixed maturities, AFS, at fair value$44,204 73.5 %$42,567 71.9 %Fixed maturities, at fair value using the fair value option ("FVO Securities")280 0.5 %308 0.5 %Equity securities, at fair value512 0.8 %603 1.0 %Mortgage loans (net of allowance for credit losses ("ACL") of $43 and $44)6,356 10.6 %6,396 10.8 %Limited partnerships and other alternative investments5,149 8.6 %5,042 8.5 %Other investments [1]227 0.4 %226 0.4 %Short-term investments3,366 5.6 %4,068 6.9 %Total investments$60,094 100.0 %$59,210 100.0 %

[1]Primarily consists of equity fund investments, overseas deposits, consolidated investment funds, and derivative instruments which are carried at fair value.

March 31, 2025 compared to December 31, 2024Total investments increased primarily due to an increase in fixed maturities, AFS, at fair value, partially offset by a decrease in short-term investments.Fixed maturities, AFS, at fair value increased primarily due to net additions of corporate bonds, high-quality ABS and residential mortgage-backed securities ("RMBS"), partially offset by net reductions to tax-exempt municipal bonds.Short-term investments decreased primarily due to reallocation into fixed maturities, AFS.

Net Investment Income Three Months Ended March 31, 20252024(Before tax)AmountYield [1]AmountYield [1]Fixed maturities [2]$574 4.7 %$526 4.5 %Equity securities4 3.2 %9 4.2 %Mortgage loans70 4.3 %63 4.0 %Limited partnerships and other alternative investments39 3.1 %