Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1010

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1010
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arily consists of equity fund investments, overseas deposits, consolidated investment funds, and derivative instruments which are carried at fair value.

December 31, 2024 compared to December 31, 2023 Total investments increased primarily due to an increase in fixed maturities, AFS, at fair value.Fixed maturities, AFS, at fair value increased primarily due to net additions of corporate bonds, high-quality residential mortgage-backed securities ("RMBS") and ABS, partially offset by net reductions to tax-exempt municipal bonds, U.S. Treasuries, and commercial mortgage-backed securities ("CMBS").

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|Table of ContentsIndex to MD&APart II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Net Investment IncomeFor the years ended December 31,202420232022(Before tax)AmountYield [1]AmountYield [1]AmountYield [1]Fixed maturities [2]$2,204 4.6 %$1,895 4.2 %$1,469 3.4 %Equity securities35 5.3 %45 3.7 %57 3.0 %Mortgage loans266 4.2 %235 3.9 %211 3.6 %Limited partnerships and other alternative investments148 3.0 %212 4.8 %515 14.4 %Other [3]14 9 5 Investment expense(99)(91)(80)Total net investment income2,568 4.3 %2,305 4.1 %2,177 3.9 %Adjustment for net investment income from limited partnerships and other alternative investments(148)0.1 %(212)(0.1)%(515)(0.7)%Total net investment income excluding limited partnerships and other alternative investments$2,420 4.4 %$2,093 4.0 %$1,662 3.2 %

[1]Yields calculated using annualized net investment income divided by the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value.

[2]Includes net investment income on short-term investments.

[3]Primarily includes changes in fair value of certain equity fund investments and income from derivatives that qualify for hedge accounting and are used to hedge fixed maturities.

Year ended December 31,