Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 661

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 9B
Chunk 661
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,331 31 22,362 Significant segment expenses9,578 2,988 289 6,057 826 19,738 19,738 Other segment expenses [2]11 56 — — — 67 67 Corporate expenses295 295 Income tax expense/(benefit)426 22 (52)75 41 512 (69)443 Net income (loss)$1,624 $91 $(190)$327 $162 $2,014 $(195)$1,819 Other segment disclosures:Amortization of DAC $1,563 $228 $— $33 $— $1,824 $— $1,824 Amortization of other intangibles $29 $2 $— $40 $— $71 $— $71 [1] Other revenues for Business Insurance and Corporate includes revenues from equity method investments that are not considered revenues from contracts with customers in the table below. [2] Other segment expenses primarily consists of integration costs associated with the 2019 acquisition of Navigators Group for Business Insurance and servicing expenses for Personal Insurance. Non-Insurance Revenue from Contracts with Customers For the years ended December 31,Revenue Line Item202420232022Business InsuranceInstallment billing feesFee income$43 $41 $39 Personal InsuranceInstallment billing feesFee income33 30 30 Insurance servicing revenuesOther revenues85 81 73 Employee BenefitsAdministrative servicesFee income222 217 187 Hartford FundsAdvisory, servicing and distribution feesFee income1,035 973 1,044 CorporateInvestment management and other feesFee income40 39 49 OtherOther revenues— 1 1 Total non-insurance revenues with customers$1,458 $1,382 $1,423 

4. FAIR VALUE MEASUREMENTS The Company carries certain financial assets and liabilities at estimated fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants. Our fair value framework includes a hierarchy that gives the highest priority to the use of quoted prices in active markets, followed by the use of market observable inputs, followed by the use of unobservable inputs. The fair value hierarchy levels are as follows:Level