Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 36

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 2
Chunk 36
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,20252024ChangeFee income and other revenue$260 $250 4 %Net investment income4 4 — %Net realized gains— 5 (100)%Total revenues264 259 2 %Operating costs and other expenses209 203 3 % Income before income taxes55 56 (2)%Income tax expense [1]12 11 9 %Net income$43 $45 (4)%Daily average Hartford Funds AUM$141,834 $131,648 8 %ROA [2]12.1 13.7 (12)%Adjustment to reconcile ROA to ROA, core earnings:Effect of net realized gains excluded from core earnings, before tax— (1.5)100 %Effect of income tax expense0.3 0.3 — %ROA, core earnings [2]12.4 12.5 (1)%[1]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements. 

[2]Represents annualized earnings divided by a daily average of AUM, as measured in basis points.

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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

Hartford Funds Segment AUM

Three Months Ended March 31,20252024ChangeMutual Fund and ETF AUM - beginning of period$128,054 $119,316 7 %Sales - Mutual Fund7,731 5,637 37 %Redemptions - Mutual Fund(9,309)(7,939)(17)%Net flows - ETF146 (209)NMNet flows - Mutual Fund and ETF(1,432)(2,511)43 %Change in market value and other597 6,754 (91)%Mutual Fund and ETF AUM - end of period127,219 123,559 3 %Third-party life and annuity separate account AUM10,879 12,083 (10)%Hartford Funds AUM - end of period$138,098 $135,642 2 %

Mutual Fund and ETF AUM by Asset ClassAs of March 31,20252024ChangeEquity - Mutual Funds$82,792 $83,337 (1)%Fixed Income - Mutual Funds21,398