Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 1005

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 1005
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 factors including business needs, regulatory requirements and tax considerations.

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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

2024 FINANCIAL HIGHLIGHTS

Net Income Available to Common StockholdersNet Income Available to Common Stockholders per Diluted ShareBook Value per Diluted Share

ÝIncreased $607 or 24%ÝIncreased $2.38 or 30%ÝIncreased $5.66 or 11%+The effect of higher earned premiums in P&C and Employee Benefits+Increase in net income available to common stockholders+Net income in excess of common stockholder dividends+Higher net investment income+Reduction in outstanding shares due to share repurchases-Dilutive effect of share repurchases+Lower underlying loss and LAE ratio in Personal Insurance+Favorable P&C prior accident year reserve development in the 2024 period+Lower net realized losses+Lower group life loss ratio-Higher catastrophe losses in P&C-Higher expense ratio in P&C and Employee Benefits-Higher group disability and supplemental health loss ratios

Investment Yield, After TaxProperty & Casualty Combined RatioEmployee Benefits Net Income Margin

ÝIncreased 20 bpsÞImproved 1.7 pointsÝIncreased 0.2 points+A higher yield on fixed maturity securities due to reinvesting at higher rates+Lower underlying loss and LAE ratio in Personal Insurance+Improved group life loss ratio+Lower net realized losses-Lower returns on limited partnerships and other alternative investments+Favorable prior accident year reserve development in the 2024 period-Higher expense ratio-Higher loss ratio on paid family and medical leave and supplemental health products-A slightly higher expense ratio in P&C-Higher catastrophe losses in P&C

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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

CONSOLIDATED RESULTS OF OPERATIONSThe Consolidated Results of Operations should be read in conjunction with the Company's Consolidated Financial Statements and the related Notes as well as with the Reportable Segment and Corporate Operating Summaries within the MD&A.

Consolidated Results of Operations

202420232022Increase (Decrease) From 2023 to 2024Increase (Decrease) From 2022 to 2023Earned premiums$22,567 $21,026 $19,390 7 %8 %Fee