Company: HIG-PG
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000874766-25-000052
Chunk: 123

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-04-24
Form: 10-Q
Item: Item 1
Chunk 123
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Benefit Payments(2)(4)Interest Credited2 2 Balance, end of the period$202 $218 Weighted-average crediting rate4.3 %4.2 %Net Amount at Risk [1]$809 $897 Cash Surrender Value$201 $216 [1]Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of March 31, 2025 and 2024, universal life contracts of $201 and $217, respectively, had crediting rates at their guaranteed minimums ranging from 4%-5%. 

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Table of ContentsNote 12 - Income TaxesThe Hartford Insurance Group, Inc.Notes To Condensed Consolidated Financial Statements (continued)

12. Income Taxes

Income Tax ExpenseIncome Tax Rate ReconciliationThree Months Ended March 31,20252024Tax provision at U.S. federal statutory rate$165 $191 Nontaxable net investment income(5)(11)Decrease in deferred tax valuation allowance — (12)Stock-based compensation, net(12)(16)Other 5 6 Provision for income taxes$153 $158 Uncertain Tax PositionsRollforward of Unrecognized Tax Benefits Three Months Ended March 31, 20252024Balance, beginning of period$24 $26 Gross increases - tax positions in current period— 1 Balance, end of period$24 $27 The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release. The Company believes it is reasonably possible approximately $14 of its currently unrecognized tax benefits may be recognized by the end of 2025 as a result of a lapse of the applicable statute of limitations.Other Tax MattersThe federal statute of limitations for the Company is closed through the 2020 tax year with the exception of net operating loss carryforwards utilized in open tax years and the Navigators pre-acquisition 2019 tax period. Management believes that adequate provision has been made in the Company's Condensed Consolidated Financial Statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.

13. Commitments and Contingencies Management evaluates each contingent matter separately. A loss is recorded if probable and reasonably estimable. Management establishes liabilities for these contingencies at its “best estimate,” or, if no one number within the range of