Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 123

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 1
Chunk 123
---
 various regions.Mortgage Loans by Property TypeSeptember 30, 2025December 31, 2024Amortized CostPercent of TotalAmortized CostPercent of TotalCommercialIndustrial$3,044 45.7 %$2,737 42.5 %Multifamily2,175 32.6 %2,161 33.5 %Office402 6.0 %507 7.9 %Retail [1]968 14.5 %957 14.9 %Single Family79 1.2 %78 1.2 %Total mortgage loans6,668 100.0 %6,440 100.0 %ACL(49)(44)Total mortgage loans, net of ACL$6,619 $6,396 [1]Primarily comprised of grocery-anchored retail centers, with no exposure to regional shopping malls.Past-Due Mortgage LoansMortgage loans are considered past due if a payment of principal or interest is not received according to the contractual terms of the loan agreement, which typically includes a grace period. As of September 30, 2025 and December 31, 2024, the Company held no mortgage loans considered past due.Mortgage ServicingThe Company originates, sells and services commercial mortgage loans on behalf of third parties and recognizes servicing fee income over the period that services are performed. As of September 30, 2025, under this program, the Company serviced mortgage loans with a total outstanding principal of $10.3 billion, of which $4.8 billion was serviced on behalf of third parties and $5.5 billion was retained and reported in total investments on the Company's Condensed Consolidated Balance Sheets. As of December 31, 2024, the Company serviced mortgage loans with a total outstanding principal balance of $10.0 billion, of which $4.8 billion was serviced on behalf of third parties and $5.2 billion was retained and reported in total investments on the Company's Condensed Consolidated Balance Sheets. Servicing rights are carried at the lower of cost or fair value and were $0 as of September 30, 2025 and December 31, 2024, because servicing fees were market-level fees at origination and remain adequate to compensate the Company for servicing the loans.Variable Interest EntitiesThe Company is engaged with various special purpose entities and other entities that are deemed to be variable interest entities ("VIE