Company: HIG-PG
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000874766-25-000107
Chunk: 396

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-10-27
Form: 10-Q
Item: Item 8
Chunk 396
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 liabilities of its former life and annuity business. For additional information about future policy benefits and other policyholder funds and benefits payable, see Note 10 - Reserve for Future Policy Benefits and Note 11 - Other Policyholder Funds and Benefits Payable of Notes to Condensed Consolidated Financial Statements.Hartford FundsHartford Funds' principal sources of operating funds are fees earned from basis points on AUM with uses primarily for payments to subadvisors and other general operating expenses. As of September 30, 2025, Hartford Funds cash and short-term investments were $372.Purchase and Other ObligationsThe Hartford’s unfunded commitments to purchase investments in limited partnerships and other alternative investments, mortgage loans, private debt and equity securities, as well as tax credits are disclosed in Note 14 - Commitments and Contingencies of Notes to Consolidated Financial Statements in The Hartford's 2024 Form 10-K Annual Report. It is anticipated that these unfunded commitments will be funded through the Company’s normal operating and investing activities.In the normal course of business, the Company enters into contractual commitments to purchase various goods and services such as maintenance, human resources, and information technology. The Company’s operating lease commitments are disclosed in Note 20 - Leases of Notes to Consolidated Financial Statements in The Hartford's 2024 Form 10-K Annual Report. It is anticipated that these purchase commitments and operating lease obligations will be funded through the Company’s normal operating and investing activities.

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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

Capitalization

Capital StructureSeptember 30, 2025December 31, 2024ChangeLong-term debt$4,370 $4,366 — %Total debt4,370 4,366 — %Common stockholders' equity excluding AOCI, net of tax20,119 18,999 6 %Preferred stock334 334 — %AOCI, net of tax(2,003)(2,886)31 %Total stockholders’ equity$18,450 $16,447 12 %Total capitalization$22,820 $20,813 10 %Debt to stockholders’ equity24%27%Debt to capitalization19%21%

Total capitalization increased $2,007 as of September 30, 2025 compared to December 31, 2024 primarily due to net income in