Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 359

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 359
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 liability and catastrophes. 

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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

Property & Casualty Other Operations - Results of Operations

Underwriting Summary

 Three Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangeLosses and loss adjustment expensesPrior accident year development [1]$— $— —%$— $7 (100%)Total losses and loss adjustment expenses— — —%— 7 (100%)Insurance operating costs2 3 (33%)6 7 (14%)Underwriting loss(2)(3)33%(6)(14)57%Net investment income [2]19 18 6%56 55 2%Net realized losses [2]— — —%(2)(3)33%Other income (expenses)(1)(4)75%(1)(4)75% Income before income taxes16 11 45%47 34 38%Income tax expense [3]4 1 NM9 5 80%Net income$12 $10 20%$38 $29 31%

[1]For additional information on prior accident year development, see Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.

[2]For discussion of consolidated investment results, see MD&A - Investment Results.

[3]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Net income  Three and nine months ended September 30, 2025 compared to 2024 Net income increased in both the three and nine month periods, due to lower underwriting losses as well as lower other expenses resulting from a one-time contract settlement charge on a claims servicing agreement recorded in the 2024 periods.Underwriting loss decreased slightly for the three month period due to a decrease in underwriting expenses. Underwriting loss decreased for the nine month period due to unfavorable prior accident year reserve development in the 2024 period.

85

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

Employee Benefits - Results of Operations

Operating SummaryThree Months Ended September 30,Nine Months Ended September 30,20252024Change20252024ChangePremiums and other