Company: HIG-PG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000874766-25-000023
Chunk: 799

Company: HARTFORD INSURANCE GROUP, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 12
Chunk 799
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349 Net investment income2,568 2,305 2,177 Net realized losses(61)(188)(627)Other revenues88 84 73 Total revenues26,535 24,527 22,362 Benefits, losses and expenses   Benefits, losses and loss adjustment expenses14,874 14,238 13,138 Amortization of deferred policy acquisition costs ("DAC")2,282 2,044 1,824 Insurance operating costs and other expenses5,258 4,881 4,841 Interest expense199 199 213 Amortization of other intangible assets71 71 71 Restructuring and other costs2 6 13 Total benefits, losses and expenses22,686 21,439 20,100 Income before income taxes3,849 3,088 2,262  Income tax expense738 584 443 Net income3,111 2,504 1,819 Preferred stock dividends21 21 21 Net income available to common stockholders$3,090 $2,483 $1,798 Net income available to common stockholders per common shareBasic$10.51 $8.09 $5.54 Diluted$10.35 $7.97 $5.46 

See Notes to Consolidated Financial Statements.

124

|Table of ContentsIndex to Consolidated Financial Statements and SchedulesTHE HARTFORD INSURANCE GROUP, INC.Consolidated Statements of Comprehensive Income (Loss)

 For the years ended December 31,(in millions)202420232022Net income$3,111 $2,504 $1,819 Other comprehensive income (loss) (“OCI”):   Change in net unrealized gain (loss) on fixed maturities, available-for-sale ("AFS")(57)1,112 (4,225)Change in unrealized losses on fixed maturities with an allowance for credit losses ("ACL")2 (1)(5)Change in net gain on cash flow hedging instruments19 (19)34 Change in foreign currency translation adjustments(8)6 (10)Change in liability for future policy benefits adjustments8 (10)94 Change in pension and other postretirement plan adjustments(1)(96)143 OCI, net of tax(37)992 (3,969)Comprehensive