Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 19

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 19
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 Months Ended March 31,(Before tax)20252024Gross gains on sales of fixed maturities$13 $5 Gross losses on sales of fixed maturities(25)(11)Equity securities [1](11)35 Net credit losses on fixed maturities, AFS [2]2 (1)Change in ACL on mortgage loans [3]— 3 Other, net [4](28)(3)Net realized gains (losses)$(49)$28 

[1]The change in net unrealized gains (losses) on equity securities still held as of the end of the period and included in net realized gains (losses) were $(11) and $36 for the three months ended March 31, 2025, and 2024, respectively.

[2]See Credit Losses on Fixed Maturities, AFS and Intent-to-Sell Impairments within the Enterprise Risk Management — Investment Portfolio Risk  section of this MD&A.

[3]See ACL on Mortgage Loans within the Enterprise Risk Management — Investment Portfolio Risk  section of this MD&A.

[4]The three months ended March 31, 2025, and 2024 includes gains (losses) from transactional foreign currency revaluation of $(10) and $2, respectively, and gains (losses) on non-qualifying derivatives of $0 and $(2), respectively.

Three months ended March 31, 2025Gross gains and losses on sales were primarily due to sales of tax-exempt municipals and corporate securities.Equity securities net losses were primarily driven by a decrease in value due to lower equity market levels.Other, net includes losses of $10 on transactional foreign currency revaluation and $7 related to a mortgage loan modification.Three months ended March 31, 2024Gross gains and losses on sales were primarily due to sales of corporate securities and tax-exempt municipals.Equity securities net gains were primarily driven by an increase in value due to higher equity market levels.Other, net losses include losses of $5 on equity derivatives due to higher equity market levels and $1 on impairments of limited partnerships and other alternative investments. Also included are gains of $4 on FVO securities due to appreciation in value and $3 on interest rate derivatives driven by changes in interest rates.

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