Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 740

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 9B
Chunk 740
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 Hartford Insurance Group, Inc. ("HIG Holding Company"), are unsecured obligations of HIG Holding Company, and rank on a parity with all other unsecured and unsubordinated indebtedness of HIG Holding Company. Debt is carried net of discount and issuance cost.Long-term Debt by IssuanceAs of December 31,20242023Revolving Credit Facilities$— $— Senior Notes and Debentures  2.8% Notes, due 2029600 600 5.95% Notes, due 2036300 300 6.625% Notes, due 2040295 295 6.1% Notes, due 2041409 409 6.625% Notes, due 2042178 178 4.3% Notes, due 2043300 300 4.4% Notes, due 2048500 500 3.6% Notes, due 2049800 800 2.9% Notes, due 2051600 600 Junior Subordinated Debentures  3-Month term SOFR + 0.26161% + 2.125% Notes, due 2067 [1]500 500 Total Notes and Debentures4,482 4,482 Unamortized discount and debt issuance cost [2](116)(120)Total Debt4,366 4,362 Less: Current maturities— — Long-Term Debt$4,366 $4,362 [1]The Company has an interest rate swap agreement expiring February 15, 2027 to effectively convert the variable interest payments based on 3-month term Secured Overnight Financing Rate (“SOFR”) plus a spread adjustment of 0.26161% plus 2.125 for this debenture.[2]This amount includes unamortized discount of $68 and $70 as of December 31, 2024 and 2023, respectively, on the 6.1% Notes, due 2041.The effective interest rate on the 6.1% senior notes due 2041 is 7.9%. The effective interest rate on the remaining notes does not differ materially from the stated rate.Shelf RegistrationsOn September 23, 2024, the Company filed with the Securities and Exchange Commission an automatic shelf registration statement (Registration No. 333-282288) for the potential offering and sale of debt and equity