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Item 1. Financial Statements

2025-10-27 compared with 2025-07-28 · 287 added, 233 removed, 1536 unchanged (25% of the section changed)

6 unchanged sentences

We have reviewed the accompanying condensed consolidated balance sheet of The Hartford Insurance Group, Inc.

and subsidiaries (the "Company") as of June 30, 2025, the related condensed consolidated statements of operations, comprehensive income (loss), and changes in stockholders' equity for the three-month and six-month periods ended June 30, 2025 and 2024 , and of cash flows for the six-month periods ended June 30, 2025 and 2024, and the related notes (collectively referred to as the "interim financial information").

and subsidiaries (the "Company") as of September 30, 2025, the related condensed consolidated statements of operations, comprehensive income (loss), and changes in stockholders' equity for the three-month and nine-month periods ended September 30, 2025 and 2024 , and of cash flows for the nine-month periods ended September 30, 2025 and 2024, and the related notes (collectively referred to as the "interim financial information").

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying interim financial information for it to be in conformity with accounting principles generally accepted in the United States of America.

12 unchanged sentences

Hartford, Connecticut

July 28, 2025

October 27, 2025

The Hartford Insurance Group, Inc.

Condensed Consolidated Statements of Operations

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

(in millions, except for per share data) 2025 2024 2025 2024

25 unchanged sentences

Condensed Consolidated Statements of Comprehensive Income (Loss)

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

(in millions) 2025 2024 2025 2024

12 unchanged sentences

Condensed Consolidated Balance Sheets

(in millions, except for share and per share data) June 30,

(in millions, except for share and per share data) September 30,

2025 December 31, 2024

28 unchanged sentences

Stockholders’ Equity

Preferred stock, $ 0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at June 30, 2025 and December 31, 2024, aggregate liquidation preference of $ 345

Common stock, $ 0.01 par value — 1,500,000,000 shares authorized, 326,960,228 shares issued at June 30, 2025 and December 31, 2024

Preferred stock, $ 0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at September 30, 2025 and December 31, 2024, aggregate liquidation preference of $ 345

Common stock, $ 0.01 par value — 1,500,000,000 shares authorized, 326,960,228 shares issued at September 30, 2025 and December 31, 2024

Additional paid-in capital 533 578

9 unchanged sentences

Condensed Consolidated Statements of Changes in Stockholders' Equity

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

(in millions, except for share and per share data) 2025 2024 2025 2024

35 unchanged sentences

Condensed Consolidated Statements of Cash Flows

Six Months Ended June 30,

Nine Months Ended September 30,

(in millions) 2025 2024

29 unchanged sentences

Net additions of property and equipment ( 123 ) ( 171 )

Net proceeds from short-term investments 524 258

Net proceeds from (payments for) short-term investments ( 45 ) 20

Other investing activities, net ( 62 ) ( 26 )

24 unchanged sentences

is a holding company for insurance and financial services subsidiaries that provide property and casualty insurance, employee group benefits insurance and services, and mutual funds and exchange-traded funds ("ETF") to individual and business customers in the United States as well as in the United Kingdom and other international locations (collectively, “The Hartford”, the “Company”, “we” or “our”).

The Condens ed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

The Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.

GAAP”) for interim financial information, which differ materially from the accounting practices prescribed by various insurance regulatory authorities.

15 unchanged sentences

and contingencies relating to corporate litigation and regulatory matters.

Reclassifications

Certain reclassifications have been made to prior year financial information to conform to the current year presentation.

Future Adoption of New Accounting Standards

Internally Developed Software Costs

The Financial Accounting Standards Board (“FASB”) issued new guidance on the accounting for internally developed software costs .

Under the new guidance, costs associated with software developed for internal use will now be capitalized when management authorizes a project and when it is probable the project will be completed and used to perform the function intended, rather than when a project reaches the application development stage under existing guidance.

The guidance is effective beginning January 1, 2028 , with early adoption permitted, and can be applied prospectively , retrospectively, or on a modified retrospective basis.

The Company has not yet determined the transition method, timing for adoption, or estimated the effect on the Company’s financial statements.

Note 2 - Earnings Per Common Share

3 unchanged sentences

Computation of Basic and Diluted Earnings per Common Share

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

(In millions, except for per share data) 2025 2024 2025 2024

14 unchanged sentences

Segment Revenues

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

43 unchanged sentences

[1] Other revenues for Business Insurance includes revenues from equity method investments that are not considered revenues from contracts with customers in the table below.

[2] For the three months ended June 30, 2025 and 2024, AARP members accounted for earned premiums of $ 841 and $ 788 , respectively.

For the six months ended June 30, 2025 and 2024, AARP members accounted for earned premiums of $ 1.66 billion and $ 1.55 billion, respectively.

[2] For the three months ended September 30, 2025 and 2024, AARP members accounted for earned premiums of $ 855 and $ 817 , respectively.

For the nine months ended September 30, 2025 and 2024, AARP members accounted for earned premiums of $ 2.52 billion and $ 2.36 billion, respectively.

Represents revenues earned for investment advisory services on third party life and annuity separate account assets under management ("AUM") by the Company's Hartford Funds segment.

3 unchanged sentences

Significant Segment Expenses

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

38 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

Segment/Category Summary For the Three Months Ended June 30, 2025

Segment/Category Summary For the Three Months Ended September 30, 2025

Reportable Segments

13 unchanged sentences

Amortization of other intangibles $ 7 $ 1 $ — $ 10 $ — $ 18 $ — $ 18

Segment/Category Summary For the Six Months Ended June 30, 2025

Segment/Category Summary For the Nine Months Ended September 30, 2025

Reportable Segments

16 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

Segment/Category Summary For the Three Months Ended June 30, 2024

Segment/Category Summary For the Three Months Ended September 30, 2024

Reportable Segments

13 unchanged sentences

Amortization of other intangibles $ 7 $ 1 $ — $ 10 $ — $ 18 $ — $ 18

Segment/Category Summary For the Six Months Ended June 30, 2024

Segment/Category Summary For the Nine Months Ended September 30, 2024

Reportable Segments

18 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Business Insurance $ 56,873 $ 53,296

7 unchanged sentences

Non-Insurance Revenue from Contracts with Customers

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

Revenue Line Item 2025 2024 2025 2024

25 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of June 30, 2025

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of September 30, 2025

Total Quoted Prices in

23 unchanged sentences

Foreign exchange derivatives 1 — 1 —

Equity derivatives 5 — 5 —

Interest rate derivatives 1 — 1 —

Total derivative assets [2] 30 — 30 —

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[3] Includes derivative instruments in a net negative fair value position (derivative liability) after consideration of the accrued interest and impact of collateral posting requirements which may be imposed by agreements and applicable law.

The Company has overseas deposits included in other investments of $ 71 and $ 61 as of June 30, 2025 and December 31, 2024, respectively, which are measured at fair value using the net asset value as a practical expedient.

The Company has overseas deposits included in other investments of $ 80 and $ 61 as of September 30, 2025 and December 31, 2024, respectively, which are measured at fair value using the net asset value as a practical expedient.

Fixed Maturities, Equity Securities, Short-term Investments, and Derivatives

24 unchanged sentences

The fair value of derivative instruments is determined primarily using a discounted cash flow model or option model technique and incorporates counterparty credit risk.

In some cases, quoted market prices for exchange-traded and over-the-counter ("OTC") cleared derivatives may be used and in other cases independent broker quotes may be used.

In some cases, quoted market prices for exchange-traded and over-the-counter ("OTC") cleared derivatives may be used and in other cases

independent broker quotes may be used.

The pricing valuation models primarily use inputs that are observable in the market or can be corroborated by observable market data.

78 unchanged sentences

Input on Fair Value [2]

As of June 30, 2025

As of September 30, 2025

ABS $ 83 Discounted cash flows Spread 476 bps 739 bps 492 bps Decrease

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[6]Generally, a change in the assumption used for the constant default rate would have been accompanied by a directionally similar change in the assumption used for the loss severity and a directionally opposite change in the assumption used for constant prepayment rate and would have resulted in wider spreads .

As of June 30, 2025 and December 31, 2024, the fair values of the Company's level 3 derivatives were less than $ 1 for both periods.

As of September 30, 2025 and December 31, 2024, the fair values of the Company's level 3 derivatives were less than $ 1 for both periods.

The table above excludes certain securities for which fair values are predominately based on independent broker quotes.

2 unchanged sentences

Therefore, similar to non-broker priced securities, increases in these inputs would generally cause fair values to decrease.

As of June 30, 2025, no significant adjustments were made by the Company to broker prices received.

As of September 30, 2025, no significant adjustments were made by the Company to broker prices received.

Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

5 unchanged sentences

Fair Value Rollforwards for Financial Instruments Classified as Level 3 for the

Three Months Ended June 30, 2025

Three Months Ended September 30, 2025

Total realized/unrealized gains (losses)

Fair value as of March 31, 2025 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of June 30, 2025

Fair value as of June 30, 2025 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of September 30, 2025

Fixed maturities, AFS

10 unchanged sentences

Fair Value Rollforwards for Financial Instruments Classified as Level 3 for the

Six Months Ended June 30, 2025

Nine Months Ended September 30, 2025

Total realized/unrealized gains (losses)

Fair value as of January 1, 2025 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of June 30, 2025

Fair value as of January 1, 2025 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of September 30, 2025

Fixed maturities, AFS

13 unchanged sentences

Fair Value Rollforwards for Financial Instruments Classified as Level 3 for the

Three Months Ended June 30, 2024

Three Months Ended September 30, 2024

Total realized/unrealized gains (losses)

Fair value as of March 31, 2024 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of June 30, 2024

Fair value as of June 30, 2024 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of September 30, 2024

Fixed maturities, AFS

9 unchanged sentences

Total Assets $ 3,042 $ ( 3 ) $ 64 $ 556 $ ( 143 ) $ ( 26 ) $ 37 $ ( 474 ) $ 3,053

Derivatives, net [4]

Equity $ — $ — $ — $ 5 $ — $ — $ — $ — $ 5

Total Derivatives, net [4] — — — 5 — — — — 5

Total Liabilities $ — $ — $ — $ 5 $ — $ — $ — $ — $ 5

Note 4 - Fair Value Measurements

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Fair Value Rollforwards for Financial Instruments Classified as Level 3 for the

Six Months Ended June 30, 2024

Nine Months Ended September 30, 2024

Total realized/unrealized gains (losses)

Fair value as of January 1, 2024 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of June 30, 2024

Fair value as of January 1, 2024 Included in net income [1] Included in OCI [2] Purchases Settlements Sales Transfers into Level 3 [3] Transfers out of Level 3 [3] Fair value as of September 30, 2024

Fixed maturities, AFS

9 unchanged sentences

Total Assets $ 2,487 $ ( 4 ) $ 43 $ 1,527 $ ( 269 ) $ ( 77 ) $ 43 $ ( 697 ) $ 3,053

Derivatives, net [4]

Equity $ — $ — $ — $ 5 $ — $ — $ — $ — $ 5

Total Derivatives, net [4] — — — 5 — — — — 5

Total Liabilities $ — $ — $ — $ 5 $ — $ — $ — $ — $ 5

[1] Amounts in these columns are generally reported in net realized gains (losses) .

2 unchanged sentences

[3] Transfers into and/or (out of) Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing inputs.

Note 4 - Fair Value Measurements

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

[4] Derivative instruments are reported in this table on a net basis for asset (liability) positions and reported in the Condensed Consolidated Balance Sheets in other investments and other liabilities.

Changes in Unrealized Gains (Losses) for Financial Instruments Classified as

Level 3 Still Held at End of Period

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024 2025 2024 2025 2024

6 unchanged sentences

FVO securities 7 ( 5 ) — — ( 10 ) ( 4 ) — —

Equity securities, at fair value — 3 — — — 3 — —

Total Assets $ 7 $ ( 2 ) $ 4 $ 59 $ ( 7 ) $ ( 1 ) $ 66 $ 36

3 unchanged sentences

[3] Changes in unrealized gains (losses) on fixed maturities, AFS are reported in changes in net unrealized gain (loss) on fixed maturities in the Condensed Consolidated Statements of Comprehensive Income (Loss).

Note 4 - Fair Value Measurements

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Fair Value Option

1 unchanged sentence

These instruments are included within FVO securities on the Condensed Consolidated Balance Sheets and changes in the fair value of these investments are reported in net realized gains and losses.

As of June 30, 2025 and December 31, 2024, the fair value of assets using the fair value option was $ 181 and $ 308 ,

respectively, of which $ 181 and $ 197 , respectively, were residual interests of securitizations.

For the three and six months ended June 30, 2025, net realized gains (losses) related to the change in fair value of assets using the fair value option were $( 13 ) and $( 17 ), respectively.

For the three and six months ended June 30, 2024, net realized gains (losses) related to the change in fair value of assets using the fair value option were $( 1 ) and $ 3 , respectively.

As of September 30, 2025 and December 31, 2024, the fair value of assets using the fair value option was $ 191 and $ 308 , respectively, of which $ 191 and $ 197 , respectively, were residual interests of securitizations.

For the three and nine months ended September 30, 2025, net realized gains (losses) related to the change in fair value of assets using the fair value option were $ 7 and $( 10 ), respectively.

For the three and nine months ended September 30, 2024, net realized losses related to the change in fair value of assets using the fair value option were $ 5 and $ 2 , respectively.

Financial Instruments Not Carried at Fair Value

Financial Assets and Liabilities Not Carried at Fair Value

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Fair Value Hierarchy Level Carrying Amount [1] Fair Value Fair Value Hierarchy Level Carrying Amount [1] Fair Value

3 unchanged sentences

Junior subordinated debentures [2] Level 2 $ 499 $ 470 Level 2 $ 499 $ 460

[1] As of June 30, 2025 and December 31, 2024, the carrying amount of mortgage loans is net of ACL of $ 43 and $ 44 , respectively.

[1] As of September 30, 2025 and December 31, 2024, the carrying amount of mortgage loans is net of ACL of $ 49 and $ 44 , respectively.

[2] Included in long-term debt in the Condensed Consolidated Balance Sheets, except for any current maturities, which are included in short-term debt when applicable.

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Net Realized Gains (Losses)

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

(Before tax) 2025 2024 2025 2024

11 unchanged sentences

Net realized losses $ ( 12 ) $ ( 13 ) $ ( 71 ) $ ( 44 )

[1] The change in net unrealized gains on equity securities still held as of June 30, 2025, and included in net realized gains were $ 34 and $ 21 for the three and six months ended June 30, 2025, respectively.

The change in net unrealized gains on equity securities still held as of June 30, 2024, and included in net realized gains were $ 15 and $ 44 for the three and six months ended June 30, 2024, respectively.

[2] For the three and six months ended June 30, 2025, includes losses from transactional foreign currency revaluation of $ 8 and $ 18 , respectively, and losses on non-qualifying derivatives of $ 11 and $ 11 , respectively.

For the three and six months ended June 30, 2024, includes gains from transactional foreign currency revaluation of $ 4 and $ 6 , respectively, and losses on non-qualifying derivatives of $ 6 and $ 8 , respectively.

Proceeds from the sales of fixed maturities, AFS totaled $ 1.7 billion and $ 2.7 billion for the three and six months ended June 30, 2025, respectively, and $ 2.3 billion and $ 2.7 billion for the three and six months ended June 30, 2024.

There were no non-cash investing activities for both the three and six months ended June 30, 2025, and 2024.

[1] The change in net unrealized gains on equity securities still held as of September 30, 2025, and included in net realized gains were $ 28 and $ 45 for the three and nine months ended September 30, 2025, respectively.

The change in net unrealized gains (losses) on equity securities still held as of September 30, 2024, and included in net realized gains (losses) were $ 27 and $ 71 for the three and nine months ended September 30, 2024, respectively.

[2] For the three and nine months ended September 30, 2025, includes gains (losses) from transactional foreign currency revaluation of $ 7 and $( 11 ), respectively, and losses on non-qualifying derivatives of $( 5 ) and $( 16 ), respectively.

For the three and nine months ended September 30, 2024, includes losses from transactional foreign currency revaluation of $( 11 ) and $( 5 ), respectively, and gains on non-qualifying derivatives of $ 23 and $ 15 , respectively.

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Proceeds from the sales of fixed maturities, AFS totaled $ 1.6 billion and $ 4.3 billion for the three and nine months ended September 30, 2025, respectively, and $ 1.5 billion and $ 4.2 billion for the three and nine months ended September 30, 2024.

Non-cash investing activities for both the three and nine months ended September 30, 2025, included $ 17 related to the exchange of equity securities for limited partnerships and other alternative investments.

Non-cash investing activities for both the three and nine months ended September 30, 2024, included $ 18 related to the exchange of short-term investments for equity securities.

Accrued Investment Income on Fixed Maturities, AFS and Mortgage Loans

As of June 30, 2025 and December 31, 2024, the Company reported accrued investment income related to fixed maturities, AFS of $ 428 and $ 412 , respectively, and accrued investment income related to mortgage loans of $ 23 and $ 22 , respectively.

As of September 30, 2025 and December 31, 2024, the Company reported accrued investment income related to fixed maturities, AFS of $ 438 and $ 412 , respectively, and accrued investment income related to mortgage loans of $ 24 and $ 22 , respectively.

These amounts are not included in the carrying value of the fixed maturities or mortgage loans.

5 unchanged sentences

The Company will record an "intent-to-sell impairment" as a reduction to the amortized cost of fixed maturities, AFS in an unrealized loss position if the Company intends to sell or it is more likely than not that the Company will be required to sell the fixed maturity before a recovery in value.

A corresponding charge is recorded in net realized losses equal to the difference

between the fair value on the impairment date and the amortized cost basis of the fixed maturity before recognizing the impairment.

A corresponding charge is recorded in net realized losses equal to the difference between the fair value on the impairment date and the amortized cost basis of the fixed maturity before recognizing the impairment.

For fixed maturities where a credit loss has been identified and no intent-to-sell impairment has been recorded, the Company will record an ACL for the portion of the unrealized loss related to the credit loss.

7 unchanged sentences

The Company's considerations include, but are not limited to, (a) changes in the financial condition of the issuer and/or the underlying collateral, (b) whether the issuer is current on contractually obligated interest and principal payments, (c) credit ratings, (d) payment structure of the security and (e) the extent to which the fair value has been less than the amortized cost of the security.

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

For non-structured securities, assumptions include, but are not limited to, economic and industry-specific trends and fundamentals, instrument-specific developments including changes in credit ratings, industry earnings multiples and the issuer’s ability to restructure, access capital markets, and execute asset sales.

For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and

projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value (" LTV") ratios, average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines.

For structured securities, assumptions include, but are not limited to, various performance indicators such as historical and projected default and recovery rates, credit ratings, current and projected delinquency rates, loan-to-value (" LTV") ratios, average cumulative collateral loss rates that vary by vintage year, prepayment speeds, and property value declines.

These assumptions require the use of significant management judgment and include the probability of issuer default and estimates regarding timing and amount of expected recoveries, which may include estimating the underlying collateral value.

ACL on Fixed Maturities, AFS by Type

Three Months Ended June 30,

Three Months Ended September 30,

(Before tax) CMBS Total Corporate CMBS Total

Balance as of beginning of period $ 14 $ 14 $ 6 $ 13 $ 19

Credit losses on fixed maturities where an allowance was not previously recorded — — — 1 1

Reduction due to sales — — ( 3 ) — ( 3 )

Balance as of end of period $ 14 $ 14 $ 3 $ 13 $ 16

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

ACL on Fixed Maturities, AFS by Type

Six Months Ended June 30,

Nine Months Ended September 30,

(Before tax) Corporate CMBS Total Corporate CMBS Total

1 unchanged sentence

Credit losses on fixed maturities where an allowance was not previously recorded — — — — 1 1

Reduction due to sales — — — ( 3 ) — ( 3 )

Net increases (decreases) on fixed maturities where an allowance was previously recorded ( 3 ) 1 ( 2 ) 1 — 1

1 unchanged sentence

Balance as of end of period $ — $ 14 $ 14 $ 3 $ 13 $ 16

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Fixed Maturities, AFS

Fixed Maturities, AFS, by Type

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Cost ACL Gross

11 unchanged sentences

Fixed Maturities, AFS, by Contractual Maturity Year

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Amortized Cost Fair Value Amortized Cost Fair Value

9 unchanged sentences

Concentration of Credit Risk

The Company aims to maintain a diversified investment portfolio including issuer, sector and geographic stratification, where

applicable, and has established certain exposure limits, diversification standards and review procedures to mitigate credit risk.

The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholders' equity as of June 30, 2025 or December 31, 2024 other than U.S.

The Company aims to maintain a diversified investment portfolio including issuer, sector and geographic stratification, where applicable, and has established certain exposure limits, diversification standards and review procedures to mitigate credit risk.

The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholders' equity as of September 30, 2025 or December 31, 2024 other than U.S.

government securities and certain U.S.

4 unchanged sentences

Unrealized Losses on Fixed Maturities, AFS

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of June 30, 2025

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of September 30, 2025

Less Than 12 Months 12 Months or More Total

23 unchanged sentences

Total fixed maturities, AFS in an unrealized loss position $ 10,408 $ ( 243 ) $ 16,941 $ ( 1,984 ) $ 27,349 $ ( 2,227 )

As of June 30, 2025, fixed maturities, AFS in an unrealized loss position consisted of 3,135 instruments and were primarily depressed due to higher interest rates and/or wider credit spreads since the purchase date.

As of June 30, 2025, 93 % of these fixed maturities were depressed less than 20% of cost or amortized cost.

The decrease in unrealized losses during the six months ended June 30, 2025, was primarily attributable to lower interest rates.

As of September 30, 2025, fixed maturities, AFS in an unrealized loss position consisted of 2,780 instruments and were primarily depressed due to higher interest rates and/or wider credit spreads since the purchase date.

As of September 30, 2025, 95 % of these fixed maturities were depressed less than 20% of cost or amortized cost.

The decrease in unrealized losses during the nine months ended September 30, 2025, was primarily attributable to lower interest rates and tighter credit spreads.

Most of the fixed maturities depressed for twelve months or more relate to the corporate sector, municipal bonds, and RMBS, which were primarily depressed because current rates are higher and/or market spreads are wider than at the respective purchase dates.

24 unchanged sentences

During the period in which all or a portion of the mortgage loan is determined to be uncollectible, the ACL is written off against the amortized cost.

There were no mortgage loans held-for-sale as of June 30, 2025 or December 31, 2024.

In addition, for the three and six months ended June 30, 2025 and 2024, the Company had no mortgage

loans that have had extensions or restructurings other than what is allowable under the original terms of the contract or with borrowers experiencing financial difficulties.

The one mortgage loan extension that was granted over the past twelve months to a borrower that was experiencing financial difficulties is current and performing in conjunction with the modified terms.

There were no mortgage loans held-for-sale as of September 30, 2025 or December 31, 2024.

For the three and nine months ended September 30, 2025, the Company had no mortgage loans that have had extensions or restructurings other than what is allowable under the original terms of the contract or with borrowers experiencing financial difficulties.

For the three

and nine months ended September 30, 2024, one office property mortgage loan with an amortized cost of $ 9 was granted a term extension of three years at the original rate which is a below-market rate with a borrower experiencing financial difficulties.

The modified loan represented less than 1 % of the portfolio and is current and performing in conjunction with the modified terms.

ACL on Mortgage Loans

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

2 unchanged sentences

Current period gross write-offs — ( 4 ) ( 1 ) ( 4 )

ACL as of June 30,

ACL as of September 30,

$ 49 $ 44 $ 49 $ 44

The weighted-average LTV ratio of the Company’s mortgage loan portfolio was 56 % as of June 30, 2025, while the weighted-average LTV ratio at origination of these loans was 59 %.

The weighted-average LTV ratio of the Company’s mortgage loan portfolio was 56 % as of September 30, 2025, while the weighted-average LTV ratio at origination of these loans was 58 %.

LTV ratios compare the loan amount to the value of the underlying property collateralizing the loan with property values based on appraisals updated no less than annually.

1 unchanged sentence

DSCR compares a property’s net operating income to the borrower’s principal and interest payments and are updated no less than annually through reviews of underlying properties.

Mortgage Loans LTV & DSCR by Origination Year as of June 30, 2025

Mortgage Loans LTV & DSCR by Origination Year as of September 30, 2025

2025 2024 2023 2022 2021 2020 & Prior Total

11 unchanged sentences

[1] Amortized cost of mortgage loans excludes ACL of $ 49 .

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Mortgage Loans LTV & DSCR by Origination Year as of December 31, 2024

12 unchanged sentences

[1] Amortized cost of mortgage loans excludes ACL of $ 44 .

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Mortgage Loans by Region

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Amortized Cost Percent of Total Amortized Cost Percent of Total

13 unchanged sentences

Mortgage Loans by Property Type

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Amortized Cost Percent of Total Amortized Cost Percent of Total

10 unchanged sentences

Mortgage loans are considered past due if a payment of principal or interest is not received according to the contractual terms of the loan agreement, which typically includes a grace period.

As of June 30, 2025 and December 31, 2024, the Company held no mortgage loans considered past due.

As of September 30, 2025 and December 31, 2024, the Company held no mortgage loans considered past due.

Mortgage Servicing

The Company originates, sells and services commercial mortgage loans on behalf of third parties and recognizes servicing fee income over the period that services are performed.

As of June 30, 2025, under this program, the Company serviced mortgage loans with a total outstanding principal of $ 10.1 billion, of which $ 4.8 billion was serviced on

behalf of third parties and $ 5.3 billion was retained and reported in total investments on the Company's Condensed Consolidated Balance Sheets.

As of September 30, 2025, under this program, the Company serviced mortgage loans with a total outstanding principal of $ 10.3 billion, of which $ 4.8 billion was serviced on behalf of third parties and $ 5.5 billion was retained and reported in total investments on the Company's Condensed Consolidated Balance Sheets.

As of December 31, 2024, the Company serviced mortgage loans with a total outstanding principal balance of $ 10.0 billion, of which $ 4.8 billion was serviced on behalf of third parties and $ 5.2 billion was retained and reported in total investments on the Company's Condensed Consolidated Balance Sheets.

Servicing rights are carried at the lower of cost or fair value and were $ 0 as of June 30, 2025 and December 31, 2024, because servicing fees were market-level fees at origination and remain adequate to compensate the Company for servicing the loans.

Servicing rights are carried at the lower of cost or fair value and were $ 0 as of September 30, 2025 and December 31, 2024, because servicing fees were market-level fees at origination and remain adequate to compensate the Company for servicing the loans.

Variable Interest Entities

The Company is engaged with various special purpose entities and other entities that are deemed to be VIEs primarily as an investor through normal investment activities or, at times, as an investment manager.

The Company is engaged with various special purpose entities and other entities that are deemed to be variable interest entities ("VIEs") primarily as an investor through normal investment activities or, at times, as an investment manager.

A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks sufficient funds to finance its own activities without financial support provided by other entities.

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The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE.

Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in the Company’s Condensed Consolidated Financial Statements.

Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

consolidates the VIE in the Company’s Condensed Consolidated Financial Statements.

Consolidated VIEs

As of June 30, 2025 and December 31, 2024, the Company did no t hold any securities for which it is the primary beneficiary.

As of September 30, 2025 and December 31, 2024, the Company did no t hold any securities for which it is the primary beneficiary.

Non-Consolidated VIEs

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For these non-consolidated VIEs, the Company has determined it is not the primary beneficiary as it has no ability to direct activities that could significantly affect the economic performance of the investments.

The Company’s maximum exposure to loss as of June 30, 2025 and December 31, 2024 was limited to the total carrying value of $ 3.6 billion and $ 3.2 billion, respectively, which are a portion of the investments in limited partnerships and other alternative investments in the Company's Condensed Consolidated Balance Sheets that are primarily recorded using the equity method of accounting.

As of June 30, 2025 and December 31, 2024, the Company has outstanding commitments totaling $ 2.1 billion and $ 2.0 billion, respectively, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.

The Company’s maximum exposure to loss as of September 30, 2025 and December 31, 2024 was limited to the total carrying value of $ 3.8 billion and $ 3.2 billion, respectively, which are a portion of the investments in limited partnerships and other alternative investments in the Company's Condensed Consolidated Balance Sheets that are primarily recorded using the equity method of accounting.

As of September 30, 2025 and December 31, 2024, the Company has outstanding commitments totaling $ 2.0 billion for both periods, whereby the Company is committed to fund these investments and may be called by the partnership during the commitment period to fund the purchase of new investments and partnership expenses.

These investments are generally of a passive nature in that the Company does not take an active role in management.

For further discussion of these investments, see Equity Method

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Investments within Note 5 - Investments of Notes to Consolidated Financial Statements included in the Company’s 2024 Form 10-K Annual Report.

For further discussion of these investments, see Equity Method Investments within Note 5 - Investments of Notes to Consolidated Financial Statements included in the Company’s 2024 Form 10-K Annual Report.

Furthermore, the Company makes investments in entities that sponsor affordable housing projects.

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The Company applies the proportional amortization method to subsequently measure its investments in such qualified affordable housing projects, where costs are amortized over the period in which the investor expects to receive tax credits and the resulting amortization is recognized as a component of income tax expense on the Company's Condensed Consolidated Statements of Operations.

For the three and six months ended June 30, 2025, the Company recognized amortization of $ 4 and $ 8 , respectively, and related tax benefits of $ 7 and $ 13 , respectively.

For the three and six months ended June 30, 2024, the Company recognized amortization of $ 1 and $ 2 , respectively, and related tax benefits of $ 3 and $ 5 , respectively.

For the three and nine months ended September 30, 2025, the Company recognized amortization of $ 4 and $ 12 , respectively, and related tax benefits of $ 6 and $ 19 , respectively.

For the three and nine months ended September 30, 2024, the Company recognized amortization of $ 1 and $ 3 , respectively, and related tax benefits of $ 3 and $ 8 , respectively.

The income tax credits and other income tax benefits are recognized in operating activities in the Condensed Consolidated Statement of Cash Flows.

The carrying value of these investments, which are reported in other assets on the Company’s Condensed Consolidated Balance Sheets was $ 84 and $ 51 as of June 30, 2025, and December 31, 2024, respectively.

As of June 30, 2025 and December 31, 2024, the Company has outstanding commitments related to affordable housing projects of $ 226 and $ 267 , respectively, that are contingent on various conditions precedent to funding.

The carrying value of these investments, which are reported in other assets on the Company’s Condensed Consolidated Balance Sheets was $ 97 and $ 51 as of September 30, 2025, and December 31, 2024, respectively.

As of September 30, 2025 and December 31, 2024, the Company has outstanding commitments related to affordable housing projects of $ 209 and $ 267 , respectively, that are contingent on various conditions precedent to funding.

In addition, the Company makes passive investments in structured securities issued by VIEs for which the Company is not the manager.

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The Company’s maximum exposure to loss on these investments is limited to the amount of the Company’s investment.

Collateral Transactions and Restricted Investments

Reverse Repurchase Agreements, Collateral Transactions and Restricted Investments

Reverse Repurchase Agreements

From time to time, the Company enters into reverse repurchase agreements where the Company purchases securities and simultaneously agrees to resell the same or substantially the same securities.

The maturity of these transactions is generally within one year.

The agreements require additional collateral to be transferred to the Company under specified conditions and the Company has the right to sell or re-pledge the securities received.

The Company accounts for reverse repurchase agreements as collateralized financing.

As of September 30, 2025 and December 31, 2024, the Company reported $ 51 and $ 0 , respectively, within short-term investments on the Condensed Consolidated Balance Sheets representing a receivable for the amount of cash transferred to purchase securities.

Collateral Transactions

As of both June 30, 2025 and December 31, 2024, the Company pledged collateral of $ 1 , of U.S.

As of both September 30, 2025 and December 31, 2024, the Company pledged collateral of $ 1 , of U.S.

government securities or cash primarily related to certain bank loan participations committed through a limited partnership agreement.

For disclosure of collateral in support of derivative transactions, refer to the Derivative Collateral Arrangements section in Note 6 - Derivatives of Notes to Condensed Consolidated Financial Statements.

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Other Restricted Investments

5 unchanged sentences

The following table presents the components of the Company’s exposure to other restricted investments.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Fair Value Fair Value

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Total Other Restricted Investments $ 3,785 $ 3,504

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

The Company utilizes a variety of OTC, OTC-cleared and exchange traded derivative instruments as a part of its overall risk management strategy as well as to enter into replication transactions or income generation covered call transactions.

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Credit Contracts

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge

against default risk and credit-related changes in the value of fixed maturity securities.

Credit default swaps are used to purchase credit protection on an individual entity or referenced index to economically hedge against default risk and credit-related changes in the value of fixed maturity securities.

Credit default swaps are also used to assume credit risk related to an individual entity or referenced index as a part of replication transactions.

4 unchanged sentences

In addition, the Company enters into interest rate swaps to terminate existing swaps, thereby offsetting the changes in value of the original swap going forward.

As of June 30, 2025 and December 31, 2024, the notional amount of interest rate swaps in offsetting relationships was $ 333 and $ 344 , respectively.

As of September 30, 2025 and December 31, 2024, the notional amount of interest rate swaps in offsetting relationships was $ 333 and $ 344 , respectively.

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Foreign Currency Swaps

8 unchanged sentences

Notional amounts are not necessarily reflective of credit risk.

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Derivative Balance Sheet Presentation

2 unchanged sentences

Notional Amount Fair Value Fair Value Fair Value

Hedge Designation/ Derivative Type Jun 30, 2025 Dec.

31, 2024 Jun 30, 2025 Dec.

Hedge Designation/ Derivative Type Sep 30, 2025 Dec.

31, 2024 Sep 30, 2025 Dec.

Cash flow hedges

18 unchanged sentences

Total derivatives $ 5,769 $ 7,081 $ ( 2 ) $ 45 $ 60 $ 88 $ ( 62 ) $ ( 43 )

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Offsetting of Derivative Assets/Liabilities

2 unchanged sentences

Also included in the tables are financial collateral receivables and payables, which are contractually permitted to be offset upon an event of default, although are disallowed for offsetting under U.S.

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Offsetting Derivative Assets and Liabilities

2 unchanged sentences

Gross Amounts of Recognized Assets (Liabilities) Gross Amounts Offset in the Statement of Financial Position Derivative Assets [1] (Liabilities) [2] Accrued Interest and Cash Collateral (Received) [3] Pledged [2] Financial Collateral (Received) Pledged [4] Net Amount

As of June 30, 2025

As of September 30, 2025

Other investments $ 60 $ 58 $ 30 $ ( 28 ) $ — $ 2

11 unchanged sentences

Gains (Losses) Recognized in OCI

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

2 unchanged sentences

Total $ 14 $ 2 $ ( 22 ) $ 13

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Gains (Losses) Reclassified from AOCI into Income

Three months ended June 30, Six Months Ended June 30,

Three months ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

4 unchanged sentences

Total amounts presented on the Condensed Consolidated Statement of Operations $ 759 $ 50 $ 659 $ 49 $ 2,079 $ 150 $ 1,854 $ 149

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

As of June 30, 2025, the before tax deferred net losses on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $ 21 .

As of September 30, 2025, the before tax deferred net losses on derivative instruments recorded in AOCI that are expected to be reclassified to earnings during the next twelve months are $ 26 .

This expectation is based on the anticipated interest payments on hedged investments in fixed maturity securities and long-term debt that will occur over the next twelve months.

At that time, the Company will recognize the deferred net gains (losses) as an adjustment to net investment income or interest expense, as applicable, over the term of the hedged instrument cash flows.

During the three and six months ended June 30, 2025 and 2024, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.

During the three and nine months ended September 30, 2025 and 2024, the Company had no net reclassifications from AOCI to earnings resulting from the discontinuance of cash-flow hedges due to forecasted transactions that were no longer probable of occurring.

Non-qualifying Strategies

1 unchanged sentence

Non-Qualifying Strategies Recognized within Net Realized Gains (Losses)

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

22 unchanged sentences

Amount [3] Offsetting

As of June 30, 2025

As of September 30, 2025

Basket credit default swaps [4]

Investment grade risk exposure $ 100 $ 1 3 years CMBS Credit AAA $ 100 $ ( 1 )

Below investment grade risk exposure 392 27 3 years Corporate Credit B+ 392 ( 27 )

Below investment grade risk exposure 392 28 3 years Corporate Credit BB- 392 ( 28 )

Below investment grade risk exposure 1 ( 1 ) Less than 1 year CMBS Credit CCC+ 1 1

18 unchanged sentences

The Company enters into various collateral arrangements in connection with its derivative instruments, which require both the pledging and accepting of collateral.

As of June 30, 2025 and December 31, 2024, the Company ha s pl edged cash collateral associated with derivative instruments of $ 27 and $ 31 , respectively .

As of September 30, 2025 and December 31, 2024, the Company ha s pl edged cash collateral associated with derivative instruments of $ 29 and $ 31 , respectively .

In general, collateral receivable is recorded in other assets or other liabilities on the Company's Condensed Consolidated Balance Sheets as determined by the Company's election to offset on the balance sheet.

As of June 30, 2025 and December 31, 2024, the Company pledged securities collateral associated with derivative instruments with a fair value of $ 23 and $ 1 , respectively, which have been included in fixed maturities on the Company's Condensed Consolidated Balance Sheets.

As of September 30, 2025 and December 31, 2024, the Company pledged securities collateral associated with derivative instruments with a fair value of $ 21 and $ 1 , respectively, which have been included in fixed maturities on the Company's Condensed Consolidated Balance Sheets.

The counterparties generally have the right to sell or re-pledge these securities.

In addition, as of June 30, 2025 and December 31, 2024, the Company has pledged initial margin of cash related to OTC-cleared and exchange traded derivatives with a fair value of $ 12 and $ 10 , respectively, which is recorded in other investments or other assets on the Company's Condensed Consolidated Balance Sheets.

As of June 30, 2025 and December 31, 2024, the Company has pledged initial margin of securities related to OTC-cleared and exchange traded derivatives with a fair value of $ 104 and $ 103 , respectively, which are included within fixed maturities on the Company's Condensed Consolidated Balance Sheets.

As of June 30, 2025 and December 31, 2024, the Company accepted cash collateral associated with derivative instruments of $ 40 and $ 78 , respectively, which was invested and recorded in the Company's Condensed Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other investments or other liabilities as determined by the Company's election to offset on the balance sheet.

Also, as of June 30, 2025 and December 31, 2024, the Company did no t hold securities collateral.

In addition, as of September 30, 2025 and December 31, 2024, the Company has pledged initial margin of cash related to OTC-cleared and exchange traded derivatives with a fair value of $ 7 and $ 10 , respectively, which is recorded in other investments or other assets on the Company's Condensed Consolidated Balance Sheets.

As of September 30, 2025 and December 31, 2024, the Company has pledged initial margin of securities related to OTC-cleared and exchange traded derivatives with a fair value of $ 89 and $ 103 , respectively, which are included within fixed maturities on the Company's Condensed Consolidated Balance Sheets.

As of September 30, 2025 and December 31, 2024, the Company accepted cash collateral associated with derivative instruments of $ 49 and $ 78 , respectively, which was invested and recorded in the Company's Condensed Consolidated Balance Sheets in fixed maturities and short-term investments with corresponding amounts recorded in other investments or other liabilities as determined by the Company's election to offset on the balance sheet.

Also, as of September 30, 2025 and December 31, 2024, the Company did no t hold securities collateral.

Note 7 - Premiums Receivable and Agents' Balances

3 unchanged sentences

Premiums Receivable and Agents' Balances

As of June 30, 2025 As of December 31, 2024

As of September 30, 2025 As of December 31, 2024

Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums ("loss sensitive business") $ 6,202 $ 5,624

26 unchanged sentences

Rollforward of ACL on Premiums Receivable and Agents' Balances for the Three Months Ended

June 30, 2025 June 30, 2024

September 30, 2025 September 30, 2024

Receivables Excluding Receivables for Loss Sensitive Business Receivables for Loss Sensitive Business Total Receivables Excluding Receivables for Loss Sensitive Business Receivables for Loss Sensitive Business Total

7 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

Rollforward of ACL on Premiums Receivable and Agents' Balances for the Six Months Ended

June 30, 2025 June 30, 2024

Rollforward of ACL on Premiums Receivable and Agents' Balances for the Nine Months Ended

September 30, 2025 September 30, 2024

16 unchanged sentences

Reinsurance Recoverables by Credit Quality Indicator

As of June 30, 2025 As of December 31, 2024

As of September 30, 2025 As of December 31, 2024

Employee Benefits

23 unchanged sentences

reinsurance, the Company considers the nature of the risk reinsured, including the expected liability payout duration, and establishes limits tiered by reinsurer credit rating.

Where its contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured

Note 8 - Reinsurance

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

trusts, funds held accounts and group wide offsets.

Where its contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured trusts, funds held accounts and group wide offsets.

As part of its reinsurance recoverable review, the Company analyzes recent developments in commutation activity between reinsurers and cedants, recent trends in arbitration and litigation outcomes in disputes between cedants and reinsurers and the overall credit quality of the Company’s reinsurers.

5 unchanged sentences

The probability of default factors are historical insurer and reinsurer defaults for liabilities with similar durations to the reinsured liabilities as estimated through multiple economic cycles.

Credit ratings are forward-looking and consider a variety of economic outcomes.

given default factors are based on a study of historical recovery rates for general creditors of corporations through multiple economic cycles or, in the case of purchased annuities funding structured settlements accounted for as reinsurance, historical recovery rates for annuity contract holders.

Credit ratings are forward-

looking and consider a variety of economic outcomes.

The loss given default factors are based on a study of historical recovery rates for general creditors of corporations through multiple economic cycles or, in the case of purchased annuities funding structured settlements accounted for as reinsurance, historical recovery rates for annuity contract holders.

As shown in the table above, a portion of the total gross reinsurance recoverable balance relates to the Company’s participation in various mandatory (assigned) and voluntary risk pools.

6 unchanged sentences

As a result, there is limited history of losses from insurer defaults.

Allowance for Uncollectible Reinsurance for the Three and Six Months Ended

Three Months Ended June 30, Six Months Ended June 30,

Allowance for Uncollectible Reinsurance for the Three and Nine Months Ended

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

3 unchanged sentences

Current period provision (release) 1 1 ( 2 ) 3

Current period gross write-offs — ( 1 ) — ( 1 )

P&C ending ACL 22 45 22 45

10 unchanged sentences

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

For the six months ended June 30,

For the nine months ended September 30,

Beginning liabilities for unpaid losses and loss adjustment expenses, gross $ 36,404 $ 34,044

13 unchanged sentences

Ending liabilities for unpaid losses and loss adjustment expenses, gross $ 37,739 $ 35,695

[1] Prior accident year development for the six months ended June 30, 2025 and 2024 included a $ 56 and $ 61 benefit for amortization of a deferred gain under retroactive reinsurance accounting, respectively, related to the Navigators Adverse Development Cover (the "Navigator's ADC").

[1] Prior accident year development for the nine months ended September 30, 2025 and 2024 included a $ 64 and $ 87 benefit for amortization of a deferred gain under retroactive reinsurance accounting, respectively, related to the Navigators Adverse Development Cover (the "Navigator's ADC").

For additional information regarding the ADC reinsurance agreement, refer to "Change in Deferred Gain on Retroactive Reinsurance" discussion below.

3 unchanged sentences

Unfavorable (Favorable) Prior Accident Year Development

For the six months ended June 30,

For the nine months ended September 30,

Workers’ compensation $ ( 188 ) $ ( 188 )

17 unchanged sentences

Total prior accident year development $ ( 412 ) $ ( 221 )

[1] The $ 56 and $ 61 change in deferred gain on retroactive reinsurance for the six months ended June 30, 2025 and 2024, respectively, is related to amortization of the Navigators ADC deferred gain.

[1] The $ 64 and $ 87 change in deferred gain on retroactive reinsurance for the nine months ended September 30, 2025 and 2024, respectively, is related to amortization of the Navigators ADC deferred gain.

For additional information regarding the ADC reinsurance agreement, refer to "Change in Deferred Gain on Retroactive Reinsurance" discussion below.

Re-estimates of prior accident year reserves for the six months ended June 30, 2025

Re-estimates of prior accident year reserves for the nine months ended September 30, 2025

Workers’ compensation reserves were decreased within the 2016 to 2021 accident years primarily in small business, driven by lower than previously estimated claim severity.

6 unchanged sentences

Other reserve re-estimates, net, were decreased due to lower than expected severity on Personal Insurance automobile physical damage for accident year 2024, partially offset by unfavorable development from participation in involuntary market pools.

Re-estimates of prior accident year reserves for the six months ended June 30, 2024

Re-estimates of prior accident year reserves for the nine months ended September 30, 2024

Workers’ compensation reserves were decreased within the 2016 to 2020 accident years primarily in small business, driven by lower than previously estimated claim severity.

In addition, the 2020 accident year includes a $ 48 reduction of COVID-19 related reserves driven by favorable claim count emergence.

General liability reserves were increased primarily in response to higher frequency of large losses within certain lines in the 2016 to 2019 accident years, with some modest increases in the more recent accident years.

General liability reserves were increased primarily in response to higher frequency of large losses in the 2016 to 2019 accident years as well as increases in more recent accident years, with the increase in reserves for the three months ended September 30, 2024, focused more toward the recent accident years.

In addition, reserves for sexual molestation and sexual abuse claims were increased for older accident years.

3 unchanged sentences

Assumed reinsurance reserves were increased due to higher reserve estimates in the Latin America surety and Latin America P&C businesses related to the 2020 to 2023 accident years.

Automobile liability reserves - Business Insurance increased primarily due to adverse loss development within accident year 2022 driven by higher severity than estimated.

Automobile liability reserves - Business Insurance increased primarily due to adverse loss development within accident years 2022 and 2023 driven by higher severity than estimated.

Automobile liability reserves - Personal Insurance were decreased primarily in response to better than anticipated accident year 2023 claim severity for property damage liability.

Catastrophes reserves were decreased primarily within Business Insurance driven by a reduction in reserves in accident years 2021 to 2022 related to favorable emergence related to various hail events, as well as favorable development in accident year 2022 related to Hurricane Ian.

Other reserve re-estimates, net, included a decrease in reserves due to lower severity than expected on Personal

Homeowners reserves were decreased primarily due to favorable severity impacting accident year 2023.

Catastrophes reserves were decreased primarily within Business Insurance driven by a reduction in reserves in accident years 2021 to 2022 related to favorable emergence related to

Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

Insurance automobile physical damage for accident year 2023, offset by an increase in reserves related to unfavorable development from participation in involuntary market pools.

various hail events, as well as favorable development in accident year 2022 related to Hurricane Ian.

Other reserve re-estimates, net, included a decrease in reserves due to lower severity than expected on Personal Insurance automobile physical damage for accident year 2023, offset by an increase in reserves related to unfavorable development from participation in involuntary market pools.

Settlement Agreement with Boy Scouts of America

4 unchanged sentences

As to issues material to The Hartford’s settlement, the Third Circuit has dismissed those appeals as moot.

The objecting parties' only remaining option is to petition by September 11, 2025, for U.S.

Supreme Court review.

If a petition is filed and the U.S.

On October 14, 2025, certain objecting parties petitioned the U.S.

Court for review.

Supreme Court agrees to hear the case, the court approvals for the BSA’s plan of reorganization could be open to challenge, and it is possible that adverse outcomes, if any, could have a material adverse effect on the Company’s operating results.

1 unchanged sentence

The Company has in place an ADC reinsurance agreement that covered substantially all reserve development of Navigators Insurance Company and certain of its affiliates for 2018 and prior accident years (the “Navigators ADC”) up to an aggregate limit of $ 300 , for which the Company had previously ceded the available limit.

The Company has collected recoveries from National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway Inc., and as a result amortized $ 24 and $ 56 of the deferred gain within benefits, losses and loss adjustment expenses during the three and six months ended June 30, 2025, respectively, and amortized $ 37 and $ 61 during the three and six months ended June 30, 2024, respectively.

As of June 30, 2025 and December 31, 2024, the deferred gain on the Navigators ADC was $ 8 and $ 64 , respectively, and is included in other liabilities on the Condensed Consolidated Balance Sheets.

The Company has collected recoveries from National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway Inc., and as a result amortized $ 8 and $ 64 of the deferred gain within benefits, losses and loss adjustment expenses during the three and nine months ended September 30, 2025, respectively, and amortized $ 26 and $ 87 during the three and nine months ended September 30, 2024, respectively.

As of September 30, 2025, the deferred gain on the Navigators ADC has been fully amortized.

As of December 31, 2024, the deferred gain on the Navigators ADC was $ 64 , and is included in other liabilities on the Condensed Consolidated Balance Sheets.

Group Life, Disability and Accident Products

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

For the six months ended June 30,

For the nine months ended September 30,

Beginning liabilities for unpaid losses and loss adjustment expenses, gross $ 8,206 $ 8,274

13 unchanged sentences

[1] Prior incurral year development represents the change in estimated ultimate incurred losses and loss adjustment expenses for prior incurral years on a discounted basis.

[2] Includes unallocated loss adjustment expenses ("ULAE") of $ 88 and $ 92 for the six months ended June 30, 2025 and 2024, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations .

[2] Includes unallocated loss adjustment expenses ("ULAE") of $ 129 and $ 130 for the nine months ended September 30, 2025 and 2024, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations .

Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

Re-estimates of prior incurral years reserves for the six months ended June 30, 2025

Group disability - Prior period reserve estimates decreased by approximately $ 307 driven by strong long-term disability claim recoveries, paid family medical leave incidence lower than prior assumptions, as well as a higher New York paid family leave risk adjustment benefit than expected.

Re-estimates of prior incurral years reserves for the nine months ended September 30, 2025

Group disability - Prior period reserve estimates decreased by approximately $ 403 driven by favorable long-term disability claim recoveries, paid family and medical leave incidence lower than prior assumptions, as well as a higher New York paid family leave risk adjustment benefit than expected.

Group life and accident (including group life premium waiver) - Prior period reserve estimates decreased by approximately $ 81 driven by favorable mortality emergence in both group term life and group accidental death and dismemberment, and continued low incidence in group life premium waiver.

Re-estimates of prior incurral years reserves for the six months ended June 30, 2024

Group disability- Prior period reserve estimates decreased by approximately $ 282 largely driven by group long-term disability claim incidence lower than prior assumptions and favorable recoveries on prior incurral year claims, as well as a higher New York paid family leave risk adjustment benefit than expected.

Re-estimates of prior incurral years reserves for the nine months ended September 30, 2024

Group disability- Prior period reserve estimates decreased by approximately $ 394 largely driven by long-term disability claim incidence lower than prior assumptions and favorable recoveries on prior incurral year claims, as well as a favorable change in the recovery rate assumption.

Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $ 68 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.

1 unchanged sentence

Rollforward of Reserve for Future Policy Benefits

For the six months ended June 30,

For the nine months ended September 30,

Payout Annuities Life Conversions Paid-up Life Payout Annuities Life Conversions Paid-up Life

17 unchanged sentences

Net Reserve for Future Policy Benefits

As of June 30,

As of September 30,

Payout Annuities $ 126 $ 135

7 unchanged sentences

Undiscounted Expected Future Gross Premiums and Benefit Payments

As of June 30,

As of September 30,

Payout Annuities [1]

7 unchanged sentences

Weighted-Average Interest Rates

As of June 30,

As of September 30,

Payout Annuities

6 unchanged sentences

Current discount rate 4.8 % 4.7 %

Gross premiums and interest accretion recognized on long-duration insurance policies for the six months ended June 30, 2025 and 2024 were immaterial.

The Company completed a review of cash flow assumptions in the third quarter 2025 and 2024, resulting in immaterial changes to the reserve for future policy benefits.

For paid-up life, the net effect of updating cash flow assumptions was offset by a corresponding impact to the deferred profit liability.

Gross premiums and interest accretion recognized on long-duration insurance policies for the nine months ended September 30, 2025 and 2024 were immaterial.

Other Policyholder Funds and Benefits Payable

Other policyholder funds and benefits payable of $ 612 and $ 622 as of June 30, 2025 and 2024 respectively, included universal life long-duration contracts of $ 201 and $ 210 as well as policyholder balances related to short-duration contracts of $ 411

Other policyholder funds and benefits payable of $ 614 and $ 613 as of September 30, 2025 and 2024 respectively, included universal life long-duration contracts of $ 197 and $ 209 as well as policyholder balances related to short-duration contracts of

$ 417 and $ 404 .

The universal life long-duration contracts presented in the table below were economically ceded to Prudential as part of the sale of the Company's former individual life business, which closed in 2013.

Universal Life Long Duration Contracts Rollforward

For the six months ended June 30,

For the nine months ended September 30,

Balance, beginning of the period $ 206 $ 223

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[1] Net amount at risk is defined as the current death benefit in excess of the current account value as of the balance sheet date.

As of June 30, 2025 and 2024, universal life contracts of $ 199 and $$ 209 , respectively, had crediting rates at their guaranteed minimums ranging from 4 %- 5 % .

As of September 30, 2025 and 2024, universal life contracts of $ 196 and $ 208 , respectively, had crediting rates at their guaranteed minimums ranging from 4 %- 5 % .

Note 12 - Income Taxes

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Income Tax Rate Reconciliation

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

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Nontaxable net investment income ( 9 ) ( 9 ) ( 23 ) ( 31 )

Uncertain tax position reserve ( 10 ) ( 4 ) ( 9 ) ( 3 )

Tax credits ( 13 ) ( 2 ) ( 28 ) ( 10 )

Other ( 7 ) — ( 1 ) ( 22 )

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Rollforward of Unrecognized Tax Benefits

Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024

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Gross increases - tax positions in current period 4 1 5 2

Gross decreases - tax positions in current period — ( 1 ) — ( 1 )

Lapse of statute of limitations ( 14 ) ( 4 ) ( 14 ) ( 4 )

Balance, end of period $ 15 $ 23 $ 15 $ 23

The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release.

The Company believes it is reasonably possible approximately $ 14 of its currently unrecognized tax benefits may be recognized by the end of 2025 as a result of a lapse of the applicable statute of limitations.

Other Tax Matters

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This comprehensive budget reconciliation package consolidates a wide array of public policy priorities, reshaping federal policy across numerous sectors of the American economy, including taxation, healthcare, social safety nets, immigration, and education.

The changes in H.R.1 are not expected to have a material impact on the Company's results of operations.

The federal statute of limitations for the Company is closed through the 2020 tax year with the exception of net operating loss carryforwards utilized in open tax years and the Navigators pre-acquisition 2019 tax period.

The changes in H.R.1 do not currently have a material impact on the Company's results of operations nor are they expected to in future periods.

The federal statute of limitations for the Company is closed through the 2021 tax year with the exception of the Navigators pre-acquisition 2019 tax period.

Management believes that adequate provision has been made in the Company's Condensed Consolidated Financial Statements for any potential adjustments that may result from tax examinations and other tax-related matters for all open tax years.

Revolving Credit Facility

The Hartford has a $ 750 senior unsecured revolving credit facility, including $ 100 available to support letters of credit (the "Credit Facility").

On September 24, 2025, The Hartford amended and restated the Credit Facility, which, among other changes, extends the term of the facility through September 24, 2030.

Under the Credit Facility:

• Revolving loans may be in multiple currencies.

dollar loans will bear interest at a floating rate equivalent to an indexed rate plus a basis point spread based on The Hartford's credit rating and will mature no later than September 24, 2030.

• Letters of credit bear a fee based on The Hartford's credit rating and expire no later than September 24, 2031.

The Credit Facility requires the Company to maintain a minimum consolidated net worth financial covenant to $12.7 billion, excluding AOCI, limits the ratio of senior debt to capitalization, excluding AOCI, at 35% and includes other customary covenants.

The Credit Facility is for general corporate purposes.

As of September 30, 2025 and December 31, 2024, no borrowings were outstanding, no letters of credit were issued under the Credit Facility and The Hartford was in compliance with all financial covenants.

For further information regarding the Credit Facility, see Note 13 - Debt of Notes to Consolidated Financial Statements included in the Company's 2024 Form 10-K Annual Report.

Note 13 - Debt

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Collateralized Advances with Federal Home Loan Bank of Boston

The Company’s subsidiaries, Hartford Fire Insurance Company (“Hartford Fire”) and Hartford Life and Accident Insurance Company ("HLA"), are members of the Federal Home Loan Bank of Boston ("FHLBB").

Membership allows these subsidiaries access to collateralized advances, which may be short- or long-term with fixed or variable rates.

FHLBB membership required the purchase of member stock and requires additional member stock ownership of 3% or 4% of any amount borrowed.

The amount of advances that can be taken is limited to a percentage of the fair value of the assets considered eligible collateral.

In its consolidated balance sheets, The Hartford presents the liability for advances taken based on use of the funds with advances for general corporate purposes presented in short- or long-term debt and advances to earn incremental investment income presented in other liabilities, consistent with other collateralized financing transactions such as securities lending and repurchase agreements.

Prior to October 1, 2025, the Connecticut Department of Insurance permitted Hartford Fire and HLA to pledge up to $ 1.4 billion and $ 0.6 billion in qualifying assets, respectively, without prior approval, to secure FHLBB advances.

The pledge limit was determined quarterly based on statutory admitted assets and capital and surplus of Hartford Fire and HLA, respectively.

As of September 30, 2025 and December 31, 2024, there were no advances outstanding under the FHLBB facility.

Effective October 1, 2025, the Company is no longer subject to the Connecticut Department of Insurance hypothecation limit or approval related to FHLBB advances.

The Company’s pledge capacity is now subject to FHLB’s collateral eligibility requirements, which may be amended at their discretion.

Based on these requirements, the Company estimates that Hartford Fire and HLA can each pledge up to $ 2 billion to secure FHLBB advances.

Commitments and Contingencies

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Such putative class actions have alleged, for example, underpayment of claims or improper sales or underwriting practices in connection with various kinds of insurance policies, such as personal and commercial automobile and property.

The Hartford also is involved in individual actions in which punitive damages are sought, such as claims alleging bad faith in the handling of insurance claims or other allegedly unfair or improper business practices.

The Hartford also is involved in individual actions in which punitive damages are sought, such as claims alleging bad faith in the

handling of insurance claims or other allegedly unfair or improper business practices.

Management expects that the ultimate liability, if any, with respect to such lawsuits, after consideration of provisions made for estimated losses, will not be material to the consolidated financial condition of The Hartford.

Nonetheless, given the large or indeterminate amounts sought in certain of these actions, and the inherent unpredictability of litigation, the outcome in certain matters could, from time to time, have a material adverse effect on the Company’s results of operations or cash flows in particular quarterly or annual periods.

Note 13 - Commitments and Contingencies

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Run-off Asbestos and Environmental Claims

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Third, the Company acted as a reinsurer assuming a portion of those risks assumed by other insurers writing primary, excess, umbrella and reinsurance coverages.

Note 14 - Commitments and Contingencies

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Significant uncertainty limits the ability of insurers and reinsurers to estimate the ultimate reserves necessary for unpaid gross losses and expenses related to environmental and asbestos claims.

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Management believes these issues are not likely to be resolved in the near future.

In the case of the reserves for environmental exposures, factors contributing to the high degree of uncertainty include expanding theories of liability and damages against insureds, emerging risks from products and substances alleged to cause damage, such as per-and polyfluoroalkyl substances ("PFAS"), the risks inherent in major litigation, inconsistent and emerging legal doctrines concerning the existence and scope of coverage for

environmental claims, and the scope and level of complexity of the remediation required by regulators.

The reporting pattern for assumed reinsurance claims, including those related to A&E claims, is much longer than for direct claims.

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The Company supplements this exposure-based analysis with evaluations of the Company’s historical direct net loss and expense paid and reported experience, and net loss and expense paid and reported experience by calendar and/or report year, to assess any emerging trends, fluctuations or characteristics suggested by the aggregate paid and reported activity.

For its Run-off A&E claims, as of June 30, 2025, the Company reported $ 141 of net A&E reserves, including the benefit of losses ceded to the A&E ADC with NICO.

For its Run-off A&E claims, as of September 30, 2025, the Company reported $ 99 of net A&E reserves, including the benefit of losses ceded to the A&E ADC with NICO.

In addition, the Company has recorded a $ 850 deferred gain within other liabilities for losses economically ceded to NICO but for which the benefit is not recognized in earnings until later periods.

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The A&E ADC has a coverage limit of $ 1.5 billion above the Company’s existing net A&E reserves as of December 31, 2016 of approximately $ 1.7 billion.

As of June 30, 2025 , the Company has incurred $ 1.5 billion in cumulative adverse development on A&E reserves that have been ceded under the A&E ADC treaty, leaving no remaining coverage available for future adverse net reserve development, if any.

As of September 30, 2025 , the Company has incurred $ 1.5 billion in cumulative adverse development on A&E reserves that have been ceded under the A&E ADC treaty, leaving no remaining coverage available for future adverse net reserve development, if any.

Cumulative adverse development of A&E claims for accident years 2016 and prior in excess of the treaty limit are absorbed as a charge to earnings by the Company.

1 unchanged sentence

For more information on the A&E ADC, refer to Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Consolidated Financial Statements included in the Company's 2024 Form 10-K Annual Report.

Note 13 - Commitments and Contingencies

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Derivative Commitments

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The settlement amount is determined by netting the derivative positions transacted under each agreement.

If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by

increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity.

The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of June 30, 2025 was $ 57 for which the legal entities have posted collateral of $ 50 in the normal course of business.

Based on derivative contractual terms as of June 30, 2025, a downgrade of the current financial strength ratings by either Moody's or S&P would no t require additional assets to be posted as collateral.

If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity.

The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of September 30, 2025 was $ 55 for which the legal entities have posted collateral of $ 49 in the normal course of business.

Based on derivative contractual terms as of September 30, 2025, a downgrade of the current financial strength ratings by either Moody's or S&P would no t require additional assets to be posted as collateral.

This requirement could change as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated.

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Treasury notes and government agency securities.

Note 15 - Equity

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Equity Repurchase Program

During the six months ended June 30, 2025 and 2024, the Company repurchased $ 800 ( 6.8 million shares) and $ 700 ( 7.3 million shares), respectively, of common stock under Board authorized share repurchase programs covering the applicable periods.

As of June 30, 2025, the Company has $ 2.35 billion remaining for equity repurchases under the current $ 3.3 billion share repurchase program, which is effective until December 31, 2026.

During the period July 1, 2025 through July 25, 2025,

the Company repurchased $ 146 ( 1.2 million common shares) under this repurchase program.

During the nine months ended September 30, 2025 and 2024, the Company repurchased $ 1.2 billion ( 9.9 million shares) and $ 1.1 billion ( 11.0 million shares), respectively, of common stock under Board authorized share repurchase programs covering the applicable periods.

As of September 30, 2025, the Company has $ 1.95 billion remaining for equity repurchases under the current $ 3.3 billion share repurchase program, which is effective until December 31, 2026.

During the period October 1, 2025 through October 24, 2025, the Company repurchased $ 131 ( 1.0 million common shares) under this repurchase program.

The timing of any repurchases of shares is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations .

Changes In and Reclassifications From Accumulated Other Comprehensive Income (Loss)

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2025

Changes in AOCI, Net of Tax for the Three Months Ended September 30, 2025

Net Unrealized Gain (Loss) on Fixed Maturities, AFS Unrealized Losses on Fixed Maturities, AFS with ACL Net Gain (Loss) on Cash Flow Hedging Instruments Foreign Currency Translation Adjustments Liability for Future Policy Benefits Adjustments Pension and Other Postretirement Plan Adjustments AOCI,

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Ending balance $ ( 656 ) $ ( 3 ) $ 15 $ 43 $ 22 $ ( 1,424 ) $ ( 2,003 )

Note 15 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2025

Changes in AOCI, Net of Tax for the Nine Months Ended September 30, 2025

6 unchanged sentences

Ending balance $ ( 656 ) $ ( 3 ) $ 15 $ 43 $ 22 $ ( 1,424 ) $ ( 2,003 )

Note 16 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Reclassifications from AOCI

Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 Affected Line Item in the Condensed Consolidated Statement of Operations

Three Months Ended September 30, 2025 Nine Months Ended September 30, 2025 Affected Line Item in the Condensed Consolidated Statement of Operations

Net Unrealized Gain (Loss) on Fixed Maturities, AFS

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Total amounts reclassified from AOCI $ ( 21 ) $ ( 56 ) Net income

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2024

Changes in AOCI, Net of Tax for the Three Months Ended September 30, 2024

6 unchanged sentences

Ending balance $ ( 671 ) $ ( 5 ) $ 33 $ 41 $ 19 $ ( 1,422 ) $ ( 2,005 )

Note 15 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2024

Changes in AOCI, Net of Tax for the Nine Months Ended September 30, 2024

6 unchanged sentences

Ending balance $ ( 671 ) $ ( 5 ) $ 33 $ 41 $ 19 $ ( 1,422 ) $ ( 2,005 )

Note 16 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Reclassifications from AOCI

Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Affected Line Item in the Condensed Consolidated Statement of Operations

Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 Affected Line Item in the Condensed Consolidated Statement of Operations

Net Unrealized Gain (Loss) on Fixed Maturities, AFS

Fixed Maturities, AFS $ ( 70 ) $ ( 77 ) Net realized losses

Fixed Maturities, AFS $ ( 50 ) $ ( 127 ) Net realized gains (losses)

( 50 ) ( 127 ) Total before tax

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$ ( 39 ) $ ( 100 ) Net income

Unrealized Losses on Fixed Maturities, AFS with ACL

Fixed Maturities, AFS $ ( 1 ) $ ( 1 ) Net realized gains (losses)

( 1 ) ( 1 ) Total before tax

— — Income tax expense

$ ( 1 ) $ ( 1 ) Net income

Net Gain (Loss) on Cash Flow Hedging Instruments

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Total amounts reclassified from AOCI $ ( 49 ) $ ( 123 ) Net income

Note 16 - Employee Benefit Plans

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Employee Benefit Plans

1 unchanged sentence

Net periodic cost (benefit) is recognized in insurance operating costs and other expenses in the Condensed Consolidated Statement of Operations.

The Company has not determined whether, and to what extent, contributions may be made to the U.S.

qualified defined benefit pension plan in 2025.

The Company will monitor the funded status of the U.S.

qualified defined benefit pension plan during 2025 to make this determination.

Based on the funded status of the U.S.

qualified defined benefit pension plan, the Company does not anticipate contributing to the plan in 2025.

Net Periodic Cost (Benefit)

Pension Benefits Other Postretirement Benefits

Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30,

Three Months Ended September 30, Nine Months Ended September 30, Three Months Ended September 30, Nine Months Ended September 30,

2025 2024 2025 2024 2025 2024 2025 2024

9 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements