Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 170

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 1
Chunk 170
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 Reportable Segment And Corporate Operating Summaries.

Revenue

Earned PremiumsEarned premiums increased by $772, or 7%, primarily due to:•An increase in P&C reflecting a 9% increase in Business Insurance and a 10% increase in Personal Insurance.–Contributing to the increase in Business Insurance was the effect of an increase in new business across most lines of business and earned pricing increases.–For Personal Insurance, earned premium increased primarily due to the effect of earned pricing increases, partially offset by non-renewals.•An increase in Employee Benefits earned premium of 1%, including an increase in exposure on existing accounts, fully insured ongoing sales, and persistency in excess of 90%.Fee income increased, primarily due to a $13 increase in Hartford Funds driven by higher daily average assets resulting from an increase in equity market levels, partially offset by net outflows over the preceding twelve-month period.Net Investment Income[1]Limited partnerships and other alternative investments of $32 and $52 for the six months ended June 30, 2024 and 2025, respectively.Net investment income increased primarily due to the impact of a higher level of invested assets, reinvesting at higher interest rates, and greater income from limited partnerships and other alternative investments, partially offset by a lower yield on variable-rate securities.

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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

Net realized losses increased primarily due to:•Lower appreciation in value of equity securities in the current year compared to the prior year;•Losses on transactional foreign currency revaluation in the 2025 period compared to gains in the 2024 period; and•Depreciation in value of fixed maturities, at fair value using the fair value option (“FVO securities”) in the 2025 period compared to appreciation in the 2024 period due to changes in credit spreads.These increases were partially offset by fewer net losses on sales of fixed maturities.For further discussion of investment results, see MD&A - Investment Results, Net Realized Gains and MD&A - Investment Results, Net Investment Income.

Benefits, Losses and Expenses

Losses and LAE Incurred for P&CBenefits, losses and loss adjustment expenses increased $440, due to:•An increase in Property & Casualty of $444, which was attributable to:–An increase in P&C CAY loss and LAE before catastrophes of $344, before