Company: HIG-PG
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000874766-25-000084
Chunk: 350

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-07-28
Form: 10-Q
Item: Item 8
Chunk 350
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 three and six months ended June 30, 2024 Net income increased slightly in the three months ended June 30, 2025, due to a decrease in net realized losses. Net income increased in the six months ended June 30, 2025, primarily due to a lower underwriting loss.Underwriting loss remained unchanged for the three months ended June 30, 2025, and decreased for the six months ended June 30, 2025 due to unfavorable prior accident year reserve development in the 2024 period.

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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

Employee Benefits - Results of Operations

Operating SummaryThree Months Ended June 30,Six Months Ended June 30,20252024Change20252024ChangePremiums and other considerations$1,663 $1,665 — %$3,331 $3,304 1 %Net investment income [1]118 112 5 %244 226 8 %Net realized losses [1](16)(9)(78 %)(20)(8)(150)%Total revenues1,765 1,768 — %3,555 3,522 1 %Benefits, losses and loss adjustment expenses1,150 1,147 — %2,349 2,351 — %Amortization of DAC9 9 — %17 18 (6)%Insurance operating costs and other expenses407 387 5 %813 784 4 %Amortization of other intangible assets10 10 — %20 20 — %Total benefits, losses and expenses1,576 1,553 1 %3,199 3,173 1 % Income before income taxes189 215 (12 %)356 349 2 % Income tax expense [2]39 44 (11 %)73 70 4 %Net income$150 $171 (12 %)$283 $279 1 %

[1]For discussion of consolidated investment results, see MD&A - Investment Results.

[2]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

Premiums and Other ConsiderationsThree Months Ended June 30,Six Months Ended June 30,20252024