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Item 1. Financial Statements

2026-04-23 compared with 2025-10-27 · 275 added, 549 removed, 1274 unchanged (39% 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 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").

and subsidiaries (the "Company") as of March 31, 2026, the related condensed consolidated statements of operations, comprehensive income (loss), changes in stockholders' equity, and cash flows for the three-month periods ended March 31, 2026 and 2025 , 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

October 27, 2025

The Hartford Insurance Group, Inc.

April 23, 2026

Th e Hartford Insurance Grou p, Inc.

Condensed Consolidated Statements of Operations

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

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

Three Months Ended March 31,

(in millions, except for per share data) (Unaudited)

Earned premiums $ 6,145 $ 5,835

7 unchanged sentences

Amortization of deferred policy acquisition costs ("DAC")

639 585 1,871 1,691

Insurance operating costs and other expenses 1,447 1,352

1 unchanged sentence

Amortization of other intangible assets 18 18

Restructuring and other costs — 1 — 2

Total benefits, losses and expenses 6,169 6,027

10 unchanged sentences

Condensed Consolidated Statements of Comprehensive Income (Loss)

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

(in millions) 2025 2024 2025 2024

Three Months Ended March 31,

(in millions) (Unaudited)

Net income $ 856 $ 630

1 unchanged sentence

Change in net unrealized gain (loss) on fixed maturities, available-for-sale ("AFS") ( 370 ) 302

Change in unrealized losses on fixed maturities with an allowance for credit losses ("ACL") 2 2 3 3

Change in net gain (loss) on cash flow hedging instruments ( 3 ) —

7 unchanged sentences

Condensed Consolidated Balance Sheets

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

2026 December 31, 2025

Fixed maturities, AFS, at fair value (amortized cost of $ 46,051 and $ 44,538 , and ACL of $ 14 and $ 16 )

(in millions, except for share and per share data) (Unaudited)

Fixed maturities, AFS, at fair value (amortized cost of $ 46,929 and $ 46,871 , and allowance for credit losses ("ACL") of $ 16 and $ 16 )

$ 45,632 $ 46,041

26 unchanged sentences

Stockholders’ Equity

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

Preferred stock, $ 0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at March 31, 2026 and December 31, 2025, aggregate liquidation preference of $ 345

Common stock, $ 0.01 par value — 1,500,000,000 shares authorized, 326,960,228 shares issued at March 31, 2026 and December 31, 2025

Additional paid-in capital 487 549

9 unchanged sentences

Condensed Consolidated Statements of Changes in Stockholders' Equity

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

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

Three Months Ended March 31,

(in millions, except for share and per share data) (Unaudited)

Preferred Stock $ 334 $ 334

34 unchanged sentences

Condensed Consolidated Statements of Cash Flows

Nine Months Ended September 30,

Three Months Ended March 31,

(in millions) 2026 2025

8 unchanged sentences

Change in assets and liabilities:

Decrease in reinsurance recoverables 45 36

Decrease (increase) in reinsurance recoverables 118 ( 50 )

Net change in accrued and deferred income taxes 127 104

6 unchanged sentences

Fixed maturities, AFS 2,611 2,126

Fixed maturities, at fair value using the fair value option 109 50

FVO securities — 25

Equity securities, at fair value 3 35

3 unchanged sentences

Fixed maturities, AFS ( 2,674 ) ( 3,171 )

Fixed maturities, at fair value using the fair value option ( 16 ) —

FVO securities ( 1 ) ( 4 )

Equity securities, at fair value ( 42 ) ( 12 )

3 unchanged sentences

Net additions of property and equipment ( 31 ) ( 38 )

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

Net proceeds from short-term investments 162 731

Other investing activities, net ( 25 ) ( 24 )

3 unchanged sentences

Withdrawals and other deductions from investment and universal life-type contracts ( 35 ) ( 26 )

Net issuance (return) of shares under incentive and stock compensation plans, including related excise tax benefit ( 22 ) 16

Net return of shares under incentive and stock compensation plans, including related excise tax benefit ( 39 ) ( 54 )

Treasury stock acquired, including related excise tax paid ( 450 ) ( 400 )

7 unchanged sentences

Supplemental Disclosure of Cash Flow Information

Income tax paid $ 627 $ 663

Interest paid $ 60 $ 61

26 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

The Hartford Insurance Group, Inc.

The Hartford Insu ran ce Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

1 unchanged sentence

Computation of Basic and Diluted Earnings per Common Share

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

Three Months Ended March 31,

(In millions, except for per share data) 2026 2025

14 unchanged sentences

Segment Revenues

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

2025 2024 2025 2024

Three Months Ended March 31,

Business Insurance

1 unchanged sentence

General liability 641 584

Marine 72 71 209 205

Package business 706 619

1 unchanged sentence

Professional liability 215 206

Bond 88 82 256 240

Assumed reinsurance 230 220

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Net investment income 5 4

Net realized gains 5 7 14 15

Net realized losses ( 3 ) —

Total Hartford Funds 285 264

1 unchanged sentence

[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 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.

[2] For the three months ended March 31, 2026 and 2025, AARP members accounted for earned premiums of $ 806 and $ 822 , respectively.

[3] 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 September 30, Nine Months Ended September 30,

2025 2024 2025 2024

Three Months Ended March 31,

Business Insurance

37 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

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

Reportable Segments

Business Insurance Personal Insurance P&C Other Operations Employee Benefits Hartford Funds Total Reportable Segments Corporate Consolidated

Earned premium and fee income from external customers $ 3,551 $ 958 $ — $ 1,658 $ 277 $ 6,444 $ 10 $ 6,454

Net investment income 519 67 19 136 4 745 14 759

Net realized gains (losses) ( 26 ) ( 4 ) — ( 8 ) 5 ( 33 ) 21 ( 12 )

Other revenue [1] — 25 — — — 25 6 31

Total Revenues 4,044 1,046 19 1,786 286 7,181 51 7,232

Significant segment expenses 3,154 851 2 1,606 214 5,827 5,827

Other segment expenses [2] — 21 1 — — 22 22

Corporate expenses 65 65

Income tax expense (benefit) 180 35 4 36 15 270 ( 32 ) 238

Net income (loss) $ 710 $ 139 $ 12 $ 144 $ 57 $ 1,062 $ 18 $ 1,080

Other segment disclosures:

Amortization of DAC $ 559 $ 72 $ — $ 8 $ — $ 639 $ — $ 639

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

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

Reportable Segments

Business Insurance Personal Insurance P&C Other Operations Employee Benefits Hartford Funds Total Reportable Segments Corporate Consolidated

Earned premium and fee income from external customers $ 10,321 $ 2,804 $ — $ 4,989 $ 793 $ 18,907 $ 31 $ 18,938

Net investment income 1,405 182 56 380 14 2,037 42 2,079

Net realized gains (losses) ( 70 ) ( 10 ) ( 2 ) ( 28 ) 14 ( 96 ) 25 ( 71 )

Other revenue [1] 2 69 — — — 71 12 83

Total Revenues 11,658 3,045 54 5,341 821 20,919 110 21,029

Significant segment expenses 9,293 2,697 6 4,805 626 17,427 17,427

Other segment expenses [2] 4 55 1 — — 60 60

Corporate expenses 195 195

Income tax expense (benefit) 478 58 9 109 41 695 ( 53 ) 642

Net income (loss) $ 1,883 $ 235 $ 38 $ 427 $ 154 $ 2,737 $ ( 32 ) $ 2,705

Other segment disclosures:

Amortization of DAC $ 1,636 $ 210 $ — $ 25 $ — $ 1,871 $ — $ 1,871

Amortization of other intangibles $ 21 $ 2 $ — $ 30 $ — $ 53 $ — $ 53

Note 3 - Segment Information

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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

Segment/Category Summary For the Three Months Ended March 31, 2026

Reportable Segments

2 unchanged sentences

Net investment income 505 62 20 131 5 723 16 739

Net realized gains (losses) ( 32 ) ( 2 ) — — 7 ( 27 ) 14 ( 13 )

Net realized losses ( 19 ) ( 4 ) ( 1 ) ( 11 ) ( 3 ) ( 38 ) ( 17 ) ( 55 )

Other revenue [1] — 22 — — — 22 5 27

1 unchanged sentence

Significant segment expenses 3,399 802 ( 34 ) 1,695 223 6,085 6,085

Other segment expenses [2] 2 17 4 — — 23 23

Other segment expenses (income) [2] ( 1 ) 19 — — — 18 18

Corporate expenses 66 66

4 unchanged sentences

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

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

Segment/Category Summary For the Three Months Ended March 31, 2025

Reportable Segments

2 unchanged sentences

Net investment income 437 57 18 126 4 642 14 656

Net realized gains (losses) ( 70 ) ( 9 ) ( 3 ) ( 8 ) 15 ( 75 ) 31 ( 44 )

Net realized losses ( 24 ) ( 2 ) — ( 4 ) — ( 30 ) ( 19 ) ( 49 )

Other revenue [1] 1 20 — — — 21 1 22

9 unchanged sentences

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

[2]Other segment expenses primarily consists of integration costs associated with the 2019 acquisition of Navigators Group for Business Insurance and servicing expenses for Personal Insurance

[2]Other segment expenses (income) primarily consists of integration costs associated with the 2019 acquisition of Navigators Group and other miscellaneous revenue for Business Insurance and servicing expenses for Personal Insurance

Note 3 - Segment Information

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

Business Insurance $ 57,895 $ 57,471

7 unchanged sentences

Non-Insurance Revenue from Contracts with Customers

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

Three Months Ended March 31,

Revenue Line Item 2026 2025

25 unchanged sentences

Notes To Condensed Consolidated Financial Statements (continued)

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

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of March 31, 2026

Total Quoted Prices in

57 unchanged sentences

Derivative assets

Credit derivatives 30 — 30 —

Equity derivatives 4 — 4 —

Foreign exchange derivatives 20 — 20 —

4 unchanged sentences

Derivative liabilities

Credit derivatives $ ( 30 ) $ — $ ( 30 ) $ —

Foreign exchange derivatives $ ( 17 ) $ — $ ( 17 ) $ —

Interest rate derivatives ( 3 ) — ( 3 ) —

Total derivative liabilities [3] ( 20 ) — ( 20 ) —

4 unchanged sentences

[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 $ 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.

The Company has overseas deposits included in other investments of $ 89 and $ 87 as of March 31, 2026 and December 31, 2025, 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

Valuation Techniques

The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar

Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market expectations.

The Company generally determines fair values using valuation techniques that use prices, rates, and other relevant information evident from market transactions involving identical or similar instruments.

Valuation techniques also include, where appropriate, estimates of future cash flows that are converted into a single discounted amount using current market

expectations.

The Company uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order:

2 unchanged sentences

These services utilize recently reported trades of identical, similar, or benchmark securities making adjustments for market observable inputs available through the reporting date.

If there are no recently reported trades, they may use a discounted cash flow

If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate.

Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk.

Most prices provided by

Note 4 - Fair Value Measurements

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

technique to develop a price using expected cash flows based upon the anticipated future performance of the underlying collateral discounted at an estimated market rate.

Both techniques develop prices that consider the time value of future cash flows and provide a margin for risk, including liquidity and credit risk.

Most prices provided by third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable.

third-party pricing services are classified as Level 2 because the inputs used in pricing the securities are observable.

However, some securities that are less liquid or trade less actively are classified as Level 3.

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Due to the lack of transparency in the process that brokers use to develop prices, valuations that are based on independent broker quotes are classified as Level 3.

As of March 31, 2026 and December 31, 2025, no significant adjustments were made by the Company to broker prices received.

• Internal valuation models are used when third-party pricing or independent broker quotes are not available.

These internally developed models incorporate market-based credit spreads from independent public security indexes reflective of comparable quality, maturity, and sector, adjusted for the non-public nature of the security.

These securities are classified as Level 3 since they are not observable in the marketplace.

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.

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• Interest rates beyond observable curve

Other inputs for less liquid securities or those that trade less actively, including subprime RMBS:

• For privately traded investments, credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature

Other inputs for less liquid securities or those that trade less actively:

• Estimated cash flows

• Credit spreads, which include illiquidity premium

• Constant prepayment rates

• Constant default rates

• Loss severity

• Constant prepayment and default rates, and loss severity

• Benchmark yields and spreads

5 unchanged sentences

• Interest rates beyond observable curve

Other inputs for below investment grade privately placed securities and private bank loans:

Other inputs for privately traded investments and below investment grade privately placed securities:

• Credit spreads for public securities of similar quality, maturity, and sector, adjusted for non-public nature

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• Quoted prices in markets that are not active • For privately traded equity securities, internal discounted cash flow models utilizing earnings multiples or other cash flow assumptions that are not observable

• Private company financials

Short-term Investments

23 unchanged sentences

Input on Fair Value [2]

As of September 30, 2025

As of March 31, 2026

ABS $ 163 Discounted cash flows Spread 469 bps 941 bps 568 bps Decrease

6 unchanged sentences

Loss severity [6] 37 % 80 % 51 % Decrease

Equity Securities $ 73 Adjusted Cost Private company financials N/A N/A N/A Increase

14 Discounted cash flows Spread 1,422 bps 1,422 bps 1,422 bps Decrease

Short-term investments $ 688 Discounted cash flows Spread 154 bps 488 bps 185 bps Decrease

As of December 31, 2025

ABS $ 167 Discounted cash flows Spread 434 bps 843 bps 530 bps Decrease

CLOs $ 217 Discounted cash flows Spread 270 bps 1,021 bps 544 bps Decrease

CMBS [3] $ 115 Discounted cash flows Spread (encompasses prepayment, default risk and loss severity) 245 bps 1,000 bps 397 bps Decrease

4 unchanged sentences

Loss severity [6] 37 % 80 % 50 % Decrease

Equity Securities $ 56 Adjusted Cost Private company financials N/A N/A N/A Increase

$ 14 Discounted cash flows Spread 1,370 bps 1,370 bps 1,370 bps Decrease

Short-term investments $ 382 Discounted cash flows Spread 164 bps 186 bps 177 bps Decrease

6 unchanged sentences

[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 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.

While the Company does not have access to the significant unobservable inputs that independent brokers may use in their pricing process, the Company believes brokers likely use inputs similar to those used by the Company and third-party pricing services to price similar instruments.

As such, in their pricing models, brokers likely use estimated loss severity rates, prepayment rates, constant default rates and credit spreads.

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

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

The Company uses derivative instruments to manage the risk associated with certain assets and liabilities.

However, the derivative instrument may not be classified within the same fair value hierarchy level as the associated asset or liability.

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

Three Months Ended September 30, 2025

Total realized/unrealized gains (losses)

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

ABS $ 92 $ — $ — $ 13 $ ( 12 ) $ — $ — $ ( 10 ) $ 83

CLOs 70 — — 119 ( 10 ) — — ( 15 ) 164

CMBS 137 — 2 — ( 8 ) — 2 — 133

Corporate 2,734 — 2 448 ( 325 ) ( 12 ) — ( 12 ) 2,835

RMBS 12 — — 13 ( 2 ) — — — 23

Total fixed maturities, AFS 3,045 — 4 593 ( 357 ) ( 12 ) 2 ( 37 ) 3,238

FVO securities 181 7 — 7 ( 4 ) — — — 191

Equity securities, at fair value 93 — — 29 ( 16 ) — — — 106

Short-term investments 116 — — 201 ( 110 ) — — — 207

Total Assets $ 3,435 $ 7 $ 4 $ 830 $ ( 487 ) $ ( 12 ) $ 2 $ ( 37 ) $ 3,742

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

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 September 30, 2025

Fixed maturities, AFS

ABS $ 22 $ — $ 1 $ 86 $ ( 16 ) $ — $ — $ ( 10 ) $ 83

CLOs 116 — — 347 ( 29 ) — — ( 270 ) 164

CMBS 167 ( 1 ) 6 — ( 21 ) ( 10 ) 45 ( 53 ) 133

Corporate 2,281 3 64 1,072 ( 523 ) ( 88 ) 38 ( 12 ) 2,835

RMBS 24 — — 37 ( 9 ) — — ( 29 ) 23

Total fixed maturities, AFS 2,610 2 71 1,542 ( 598 ) ( 98 ) 83 ( 374 ) 3,238

FVO securities 197 ( 10 ) — 15 ( 11 ) — — — 191

Equity securities, at fair value 87 ( 1 ) — 39 ( 19 ) — — — 106

Short-term investments 98 — — 268 ( 159 ) — — — 207

Total Assets $ 2,992 $ ( 9 ) $ 71 $ 1,864 $ ( 787 ) $ ( 98 ) $ 83 $ ( 374 ) $ 3,742

As of March 31, 2026 and December 31, 2025, the fair values of the Company's level 3 derivatives were less than $ 1 for both periods.

Note 4 - Fair Value Measurements

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

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

The Company uses derivative instruments to manage the risk associated with certain assets and liabilities.

derivative instrument may not be classified within the same fair value hierarchy level as the associated asset or liability.

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

Three Months Ended September 30, 2024

Three Months Ended March 31, 2026

Total realized/unrealized gains (losses)

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

Fair value as of January 1, 2026 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 March 31, 2026

Fixed maturities, AFS

9 unchanged sentences

Total Assets $ 4,028 $ ( 35 ) $ ( 40 ) $ 670 $ ( 282 ) $ ( 90 ) $ 2 $ ( 101 ) $ 4,152

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

Nine Months Ended September 30, 2024

Three Months Ended March 31, 2025

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 September 30, 2024

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 March 31, 2025

Fixed maturities, AFS

9 unchanged sentences

Total Assets $ 2,992 $ ( 4 ) $ 19 $ 454 $ ( 151 ) $ ( 11 ) $ 73 $ ( 148 ) $ 3,224

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.

[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.

Note 4 - Fair Value Measurements

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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

Level 3 Still Held at End of Period

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

Three Months Ended March 31,

2026 2025 2026 2025

Changes in Unrealized Gain/(Loss) included in Net Income [1] [2] Changes in Unrealized Gain/(Loss) included in OCI [3] Changes in Unrealized Gain/(Loss) included in Net Income [1] [2] Changes in Unrealized Gain/(Loss) included in OCI [3]

Changes in Unrealized Gain/(Loss) included in Net Income [1] [2] Changes in Unrealized Gain/(Loss) included in OCI [3]

Fixed maturities, AFS

ABS $ — $ — $ ( 2 ) $ 1

CLOs — — ( 1 ) —

CMBS — — ( 1 ) 3

8 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

The Company has elected the fair value option for certain investments in residual interests of securitizations and other securities that contain embedded credit derivatives with underlying credit risk related to residential real estate in order to reflect changes in fair value in earnings.

The Company has elected the fair value option for certain investments in residual interests of securitizations in order to reflect changes in fair value in earnings.

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 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.

As of March 31, 2026 and December 31, 2025, the fair value of assets using the fair value option was $ 130 and $ 168 , respectively.

For the three months ended March 31, 2026 and 2025, net realized gains (losses) related to the change in fair value of assets using the fair value option were $( 34 ) and $( 4 ), respectively.

Financial Instruments Not Carried at Fair Value

Financial Assets and Liabilities Not Carried at Fair Value

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

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 $ 479 Level 2 $ 499 $ 473

[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.

[1] As of both March 31, 2026 and December 31, 2025, the carrying amount of mortgage loans is net of ACL of $ 49 .

[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 September 30, Nine Months Ended September 30,

Three Months Ended March 31,

(Before tax) 2026 2025

Gross gains on sales of fixed maturities

$ 17 $ 12 $ 49 $ 23

Gross losses on sales of fixed maturities

1 unchanged sentence

Equity securities [1]

Net realized gains (losses) on sales of equity securities 7 1 12 ( 14 )

Change in net unrealized gains (losses) of equity securities ( 17 ) ( 11 )

3 unchanged sentences

Other, net [2] ( 26 ) ( 28 )

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

[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.

Net realized gains (losses) $ ( 55 ) $ ( 49 )

[1] The change in net unrealized gains on equity securities still held as of the end of the period, and included in net realized gains (losses) were $( 18 ) and $( 11 ) for the three months ended March 31, 2026 and 2025, respectively.

[2] For the three months ended March 31, 2026 and 2025, includes gains (losses) from transactional foreign currency revaluation of $ 3 and $( 10 ), respectively, and gains on non-qualifying derivatives of $ 8 and $ 0 , respectively.

Proceeds from the sales of fixed maturities, AFS totaled $ 1.4 billion and $ 1.0 billion for the three months ended March 31, 2026 and 2025, respectively.

There were no non-cash investing activities for both the three months ended March 31, 2026 and 2025.

Accrued Investment Income on Fixed Maturities, AFS and Mortgage Loans

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.

As of March 31, 2026 and December 31, 2025, the Company reported accrued investment income related to fixed maturities, AFS of $ 444 and $ 439 , respectively, and accrued investment income related to mortgage loans of $ 26 and $ 25 , respectively.

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

16 unchanged sentences

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.

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 September 30,

(Before tax) CMBS Total Corporate CMBS Total

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

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

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

Note 5 - Investments

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

year, prepayment speeds, and property value declines.

ACL on Fixed Maturities, AFS by Type

Nine Months Ended September 30,

(Before tax) Corporate CMBS Total Corporate CMBS Total

Three Months Ended March 31,

(Before tax) CLOs CMBS Total Corporate CMBS Total

Balance as of beginning of period $ 2 $ 14 $ 16 $ 3 $ 13 $ 16

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 )

Write-offs charged against the allowance — — — ( 4 ) — ( 4 )

Balance as of end of period $ 2 $ 14 $ 16 $ — $ 14 $ 14

1 unchanged sentence

Fixed Maturities, AFS, by Type

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

Cost ACL Gross

11 unchanged sentences

Fixed Maturities, AFS, by Contractual Maturity Year

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

Amortized Cost Fair Value Amortized Cost Fair Value

10 unchanged sentences

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.

government agencies.

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 March 31, 2026 or

Note 5 - Investments

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

December 31, 2025 other than U.S.

government securities and certain U.S.

government agencies.

Unrealized Losses on Fixed Maturities, AFS

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

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of March 31, 2026

Less Than 12 Months 12 Months or More Total

23 unchanged sentences

Total fixed maturities, AFS in an unrealized loss position $ 4,686 $ ( 59 ) $ 14,793 $ ( 1,365 ) $ 19,479 $ ( 1,424 )

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.

As of March 31, 2026, fixed maturities, AFS in an unrealized loss position consisted of 3,294 instruments and were primarily depressed due to higher interest rates and/or wider credit spreads since the purchase date.

As of March 31, 2026, 95 % of these fixed maturities were depressed less than 20% of cost or amortized cost.

The increase in unrealized losses during the three months ended March 31, 2026, was primarily attributable to higher interest rates.

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.

8 unchanged sentences

The economic scenarios are projected over 10 years.

The first two to four years of the 10-year period assume a specific modeled economic scenario (including moderate upside, moderate recession and severe recession scenarios) and then revert to historical long-term assumptions over the remaining period.

Using these economic scenarios, the forecasting model projects

The first two to four years of the 10-year period assume a specific modeled economic scenario (including moderate upside, moderate recession and severe recession scenarios) and then revert to

Note 5 - Investments

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

property-specific operating income and capitalization rates used to estimate the value of a future operating income stream.

historical long-term assumptions over the remaining period.

Using these economic scenarios, the forecasting model projects property-specific operating income and capitalization rates used to estimate the value of a future operating income stream.

The operating income and the property valuations derived from capitalization rates are compared to loan payment and principal amounts to create debt service coverage ratios ("DSCRs") and LTVs over the forecast period.

8 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 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.

There were no mortgage loans held-for-sale as of March 31, 2026 or December 31, 2025.

For the three months ended March 31, 2026 and 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.

ACL on Mortgage Loans

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

2025 2024 2025 2024

Three Months Ended March 31,

ACL as of beginning of period $ 49 $ 44

1 unchanged sentence

Current period gross write-offs — ( 1 )

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 September 30, 2025, while the weighted-average LTV ratio at origination of these loans was 58 %.

ACL as of March 31,

The weighted-average LTV ratio of the Company’s mortgage loan portfolio was 56 % as of March 31, 2026, 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 September 30, 2025

Mortgage Loans LTV & DSCR by Origination Year as of March 31, 2026

2026 2025 2024 2023 2022 2021 & 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, 2025

12 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 by Region

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

Amortized Cost Percent of Total Amortized Cost Percent of Total

13 unchanged sentences

Mortgage Loans by Property Type

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

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

As of March 31, 2026 and December 31, 2025, 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 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 March 31, 2026, under this program, the Company serviced mortgage loans with a total outstanding principal of $ 10.4 billion, of which $ 4.8 billion was serviced on

behalf of third parties and $ 5.6 billion was retained and reported in total investments on the Company's Condensed Consolidated Balance Sheets.

As of December 31, 2025, the Company serviced mortgage loans with a total outstanding principal balance of $ 10.4 billion, of which $ 4.8 billion was serviced on behalf of third parties and $ 5.6 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 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.

Servicing rights are carried at the lower of cost or fair value and were $ 0 as of March 31, 2026 and December 31, 2025, because servicing fees were market-level fees at origination and remain adequate to compensate the Company for servicing the loans.

Variable Interest Entities

3 unchanged sentences

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

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.

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.

Consolidated VIEs

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

As of March 31, 2026 and December 31, 2025, the Company did no t hold any securities for which it is the primary beneficiary.

Non-Consolidated VIEs

1 unchanged sentence

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 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.

The Company’s maximum exposure to loss as of March 31, 2026 and December 31, 2025 was limited to the total carrying value of $ 4.1 billion and $ 4.0 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 March 31, 2026 and December 31, 2025, the Company has outstanding commitments totaling $ 2.7 billion and $ 2.4 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.

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 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

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 2025 Form 10-K Annual Report.

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

1 unchanged sentence

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 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.

For the three months ended March 31, 2026 and 2025, the Company recognized amortization of $ 6 and $ 4 , respectively, and related tax benefits of $ 9 and $ 6 , 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 $ 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.

The carrying value of these investments, which are reported in other assets on the Company’s Condensed Consolidated Balance Sheets was $ 145 and $ 121 as of March 31, 2026, and December 31, 2025, respectively.

As of March 31, 2026 and December 31, 2025, the Company has outstanding commitments related to affordable housing projects of $ 228 and $ 259 , 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.

5 unchanged sentences

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 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.

1 unchanged sentence

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.

As of both March 31, 2026 and December 31, 2025, the Company reported $ 87 , 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 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.

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

Fair Value Fair Value

4 unchanged sentences

Total Other Restricted Investments $ 3,803 $ 3,846

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.

23 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 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)

As of March 31, 2026 and December 31, 2025, the notional amount of interest rate swaps in offsetting relationships was $ 333 for both periods.

Foreign Currency Swaps

1 unchanged sentence

Equity Index Options

The Company enters into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio.

The Company may enter into equity index options to hedge the impact of a decline in the equity markets on the investment portfolio.

Derivative Balance Sheet Classification

4 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 Sep 30, 2025 Dec.

31, 2024 Sep 30, 2025 Dec.

Hedge Designation/ Derivative Type Mar 31, 2026 Dec.

31, 2025 Mar 31, 2026 Dec.

Cash flow hedges

9 unchanged sentences

Credit derivatives in offsetting positions 985 985 — — 19 27 ( 19 ) ( 27 )

Equity contracts

Equity index options — 233 — 4 — 4 — —

Total non-qualifying strategies 3,367 1,906 2 ( 2 ) 22 27 ( 20 ) ( 29 )

5 unchanged sentences

Total derivatives $ 8,455 $ 6,269 $ 22 $ — $ 65 $ 60 $ ( 43 ) $ ( 60 )

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 September 30, 2025

As of March 31, 2026

Other investments $ 65 $ 46 $ 49 $ ( 30 ) $ 11 $ 8

11 unchanged sentences

Gains (Losses) Recognized in OCI

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

2025 2024 2025 2024

Three Months Ended March 31,

Interest rate swaps $ ( 18 ) $ 10

1 unchanged sentence

Total $ — $ 4

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 September 30, Nine Months Ended September 30,

2025 2024 2025 2024

Net Investment Income Interest Expense Net Investment Income Interest Expense Net Investment Income Interest Expense Net Investment Income Interest Expense

Three Months Ended March 31,

Net Investment Income Interest Expense Net Investment Income Interest Expense

Interest rate swaps $ ( 1 ) $ 2 $ ( 2 ) $ 3

2 unchanged sentences

Total amounts presented on the Condensed Consolidated Statement of Operations $ 739 $ 50 $ 656 $ 50

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 .

Note 6 - Derivatives

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

As of March 31, 2026, 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 $ 16 .

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 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.

During the three months ended March 31, 2026 and 2025, 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 September 30, Nine Months Ended September 30,

2025 2024 2025 2024

Three Months Ended March 31,

Interest rate contracts

21 unchanged sentences

Amount [3] Offsetting

As of September 30, 2025

As of March 31, 2026

Basket credit default swaps [4]

1 unchanged sentence

Below investment grade risk exposure 392 18 2 years Corporate Credit BB- 392 ( 18 )

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

Below investment grade risk exposure 1 — Less than 1 year CMBS Credit B- 1 —

Total [5] $ 493 $ 18 $ 493 $ ( 18 )

3 unchanged sentences

Below investment grade risk exposure 392 27 2 years Corporate Credit B+ 392 ( 27 )

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

Below investment grade risk exposure 1 ( 1 ) Less than 1 year CMBS Credit B- 1 1

Total [5] $ 493 $ 27 $ 493 $ ( 27 )

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

As of March 31, 2026 and December 31, 2025, the Company ha s pl edged cash collateral associated with derivative instruments of $ 17 and $ 27 , 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 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.

As of March 31, 2026 and December 31, 2025, the Company pledged securities collateral associated with derivative instruments with a fair value of $ 15 and $ 22 , 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 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.

In addition, as of March 31, 2026 and December 31, 2025, the Company has pledged initial margin of cash related to OTC-cleared and exchange traded derivatives with a fair value of $ 9 and $ 7 , respectively, which is recorded in other investments or other assets on the Company's Condensed Consolidated Balance Sheets.

As of March 31, 2026 and December 31, 2025, the Company has pledged initial margin of securities related to OTC-cleared and exchange traded derivatives with a fair value of $ 227 and $ 98 , respectively, which are included within fixed maturities on the Company's Condensed Consolidated Balance Sheets.

As of March 31, 2026 and December 31, 2025, the Company accepted cash collateral associated with derivative instruments of $ 40 and $ 50 , 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.

The Company also accepted securities collateral, as of March 31, 2026 and December 31, 2025, with a fair value of $ 12 and $ 2 , respectively, which the Company has the right to repledge or sell.

As of March 31, 2026 and December 31, 2025, the Company had no repledged securities.

In addition, as of March 31, 2026 and December 31, 2025, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company's Condensed Consolidated Balance Sheets.

Note 7 - Premiums Receivable and Agents' Balances

3 unchanged sentences

Premiums Receivable and Agents' Balances

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

As of March 31, 2026 As of December 31, 2025

Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums ("loss sensitive business") $ 6,384 $ 5,948

6 unchanged sentences

ACL on Premiums Receivable and Agents' Balances

Premiums receivable and agents' balances, excluding receivables for loss sensitive business, are primarily comprised of premiums due from policyholders, which are typically collectible within one year or less.

For these balances, the ACL is estimated based on an aging of receivables and recent historical credit loss and collection experience, adjusted for current economic conditions and reasonable and supportable forecasts, when appropriate.

Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods.

A portion of the Company's Business Insurance business is written with large deductibles or under retrospectively-rated plans (referred to as "loss sensitive business").

Under some commercial insurance contracts with a large deductible, the Company is obligated to pay the claimant the full amount of the claim and the Company is subsequently reimbursed by the policyholder for the deductible amount.

As such, the Company is subject to credit risk until reimbursement is made.

Retrospectively-rated policies are utilized primarily for workers' compensation coverage, whereby the ultimate premium is adjusted based on actual losses incurred.

Although the premium adjustment feature of a retrospectively-rated policy substantially reduces insurance risk for the Company, it presents credit risk to the Company.

The Company’s results of operations could be adversely affected if a significant portion of such policyholders failed to reimburse the Company for the deductible amount or the amount of additional premium owed under retrospectively-rated policies.

The Company manages these credit risks through credit analysis, collateral requirements, and oversight.

The ACL for receivables for loss sensitive business is estimated as the amount of the receivable exposed to loss multiplied by estimated factors for probability of default and the amount of loss given a default.

The probability of default is assigned based on each policyholder's credit rating, or a rating is estimated if no external rating is available.

Credit ratings are reviewed and updated at least annually.

The exposure amount is estimated net of collateral and other credit enhancement, considering the nature of the collateral, potential future changes in collateral values, and historical loss information for the type of collateral obtained.

The probability of default factors are historical corporate defaults for receivables with similar durations estimated through multiple economic cycles.

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 through multiple economic cycles.

The Company's evaluation of the required ACL for receivables for loss sensitive business considers the current economic environment as well as the probability-weighted macroeconomic scenarios similar to the approach used for estimating the ACL for mortgage loans.

See Note 5 - Investments

There have been no material changes to the ACL on premiums receivable and agents' balances in the three months ended March 31, 2026 and 2025.

For further information regarding the Company's determination of premium receivable ACL, see Note 7 - Premiums Receivable and Agents' Balances of Notes to Consolidated Financial Statements included in the Company's 2025 Form 10-K Annual Report.

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

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

March 31, 2026 March 31, 2025

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

Beginning ACL $ 120 $ 22 $ 142 $ 97 $ 20 $ 117

3 unchanged sentences

Ending ACL $ 131 $ 22 $ 153 $ 105 $ 21 $ 126

Note 7 - Premiums Receivable and Agents' Balances

Note 8 - Reinsurance

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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

September 30, 2025 September 30, 2024

Beginning ACL $ 97 $ 20 $ 117 $ 89 $ 20 $ 109

Current period provision 70 3 73 46 2 48

Current period write-offs ( 57 ) — ( 57 ) ( 44 ) ( 1 ) ( 45 )

Current period recoveries 5 — 5 5 — 5

Ending ACL $ 115 $ 23 $ 138 $ 96 $ 21 $ 117

The Company cedes insurance risk to reinsurers to enable the Company to manage capital and risk exposure.

Such arrangements do not relieve the Company of its primary liability to policyholders.

Failure of reinsurers to honor their obligations could result in losses to the Company.

The Company's procedures include carefully selecting its reinsurers, structuring agreements to provide collateral funds where necessary, and regularly monitoring the financial condition and ratings of its reinsurers.

Reinsurance Recoverables

Reinsurance recoverables include balances due from reinsurance companies and are presented net of an allowance for uncollectible reinsurance.

Reinsurance recoverables include

an estimate of the amount of gross losses and LAE reserves that may be ceded under the terms of the reinsurance agreements, including incurred but not reported (" IBNR ") unpaid losses.

The Company’s estimate of losses and LAE reserves ceded to reinsurers is based on assumptions that are consistent with those used in establishing the gross reserves for amounts the Company owes to its claimants.

The Company estimates its ceded reinsurance recoverables based on the terms of any applicable facultative and treaty reinsurance, including an estimate of how IBNR unpaid losses will ultimately be ceded under reinsurance agreements.

Accordingly, the Company’s estimate of reinsurance recoverables is subject to similar risks and uncertainties as the estimate of the gross reserve for unpaid losses and loss adjustment expenses.

Reinsurance Recoverables by Credit Quality Indicator

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

As of March 31, 2026 As of December 31, 2025

Employee Benefits

20 unchanged sentences

$ 6,552 $ 310 $ 214 $ 7,076 $ 6,684 $ 294 $ 213 $ 7,191

Balances are considered past due when amounts that have been billed are not collected within contractually stipulated time periods, generally 30, 60 or 90 days.

To manage reinsurer credit risk, a reinsurance security review committee evaluates the credit standing, financial performance, management and operational quality of each potential reinsurer.

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

Note 8 - Reinsurance

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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.

Due to the inherent uncertainties as to collection and the length of time before reinsurance recoverables become due, it is possible that future adjustments to the Company’s reinsurance recoverables, net of the allowance, could be required, which could have a material adverse effect on the Company’s consolidated results of operations or cash flows in a particular quarter or annual period.

The allowance for uncollectible reinsurance comprises an ACL and an allowance for disputed balances.

The ACL is estimated as the amount of reinsurance recoverables exposed to loss multiplied by estimated factors for the probability of default and the amount of loss given a default.

The probability of default is assigned based on each reinsurer's credit rating, or a rating is estimated if no external rating is available.

Credit ratings are reviewed on a quarterly basis and any significant changes are reflected in an updated estimate.

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.

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.

Reinsurance recoverables due from pools are backed by the financial position of all insurance companies participating in the pools and the credit backing the reinsurance recoverable is not limited to the financial strength of each pool.

The mandatory pools generally are funded through policy assessments or surcharges and if any participant in the pool defaults, remaining liabilities are apportioned among the other members.

The Company's evaluation of the required ACL for reinsurance recoverables considers the current economic environment as well as macroeconomic scenarios similar to the approach used to estimate the ACL for mortgage loans.

See Note 5 - Investments.

Insurance companies, including reinsurers, are regulated and hold risk-based capital (" RBC ") to mitigate the risk of loss due to economic factors and other risks.

reinsurers are either subject to a capital regime substantively equivalent to domestic insurers or we hold collateral to support collection of reinsurance recoverables.

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

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

Allowance for Uncollectible Reinsurance

Three Months Ended March 31,

P&C beginning allowance for uncollectible reinsurance $ 66 $ 72

9 unchanged sentences

Total allowance for uncollectible reinsurance $ 71 $ 75

There have been no material changes to the allowance for uncollectible reinsurance in the three months ended March 31, 2026 and 2025.

For further information regarding the Company's determination of reinsurance recoverables and reinsurance allowance for uncollectible reinsurance, see Note 8 - Reinsurance of Notes to Consolidated Financial Statements included in the Company's 2025 Form 10-K Annual Report.

Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses

4 unchanged sentences

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

For the nine months ended September 30,

For the three months ended March 31,

Beginning liabilities for unpaid losses and loss adjustment expenses, gross $ 38,155 $ 36,404

13 unchanged sentences

Ending liabilities for unpaid losses and loss adjustment expenses, gross $ 38,605 $ 37,105

[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.

[1] Prior accident year development for the three months ended March 31, 2026 included a $ 36 benefit for amortization of a deferred gain under retroactive reinsurance accounting related to the asbestos and environmental adverse development cover ("A&E ADC").

Prior accident year development for the three months ended March 31, 2025 included a $ 32 benefit for amortization of a deferred gain under retroactive reinsurance accounting related to the Navigators Adverse Development Cover (the "Navigator's ADC").

The Navigators's ADC deferred gain has been fully amortized as of September 30, 2025.

For additional information regarding the adverse development cover ("ADC") reinsurance agreements, refer to "Change in Deferred Gain on Retroactive Reinsurance" discussion below.

Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses

2 unchanged sentences

Unfavorable (Favorable) Prior Accident Year Development

For the nine months ended September 30,

For the three months ended March 31,

Workers’ compensation $ ( 59 ) $ ( 65 )

1 unchanged sentence

General liability 70 —

Marine — ( 1 )

Package business — ( 6 )

Commercial property ( 4 ) ( 3 )

Professional liability ( 4 ) —

Bond ( 22 ) ( 22 )

Assumed reinsurance 5 —

Commercial automobile liability — 26

Personal automobile liability ( 15 ) ( 12 )

Homeowners ( 15 ) ( 18 )

Net asbestos and environmental ("A&E") reserves — —

Catastrophes ( 39 ) ( 38 )

Uncollectible reinsurance 6 —

Other reserve re-estimates, net 1 ( 4 )

2 unchanged sentences

Total prior accident year development $ ( 41 ) $ ( 122 )

[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 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.

Commercial property reserves were decreased primarily within accident years 2023 and 2024 as a result of lower than expected severity.

Professional liability reserves were decreased due to favorable development on directors and officers ("D&O") claims driven by the 2020 to 2023 accident years, partially offset by deterioration in employment practices liability and errors and omissions ("E&O") claims across multiple accident years.

Bond reserves decreased due primarily to favorable development on commercial and contract surety bonds driven by accident years 2019 to 2021.

[1] The change in deferred gain on retroactive reinsurance for the three months ended March 31, 2026 included a $ 36 benefit for amortization of the A&E ADC deferred gain.

The change in deferred gain on retroactive reinsurance for the three months ended March 31, 2025 included a $ 32 benefit for amortization of the Navigators ADC deferred gain.

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

Re-estimates of prior accident year reserves for the three months ended March 31, 2026

Workers’ compensation reserves were decreased within accident years 2017 to 2021 in small business, driven by lower than previously estimated claim severity.

General liability reserves were increased to reflect legacy sexual molestation and sexual abuse exposures related to polices written in the 1970s and 1980s, which includes a provision for a settlement in principle in one bankruptcy proceeding involving a religious institution.

Personal automobile liability reserves were decreased primarily within accident years 2021 to 2023 as a result of lower than expected severity .

Homeowners reserves were decreased primarily due to favorable severity impacting accident year 2025.

Catastrophes reserves were decreased across Business Insurance and Personal Insurance primarily driven by a reduction in reserves in accident years 2021 to 2024, including favorable emergence related to various hail events.

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 nine months ended September 30, 2024

Re-estimates of prior accident year reserves for the three months ended March 31, 2025

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 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.

Lastly, reserves for extra contractual liability claims and other miscellaneous run-off lines were reduced in response to recent favorable loss activity.

Professional liability reserves decreased modestly due to favorable development on D&O claims driven by the 2020 to 2022 accident years, partially offset by deterioration in older accident years.

Bond reserves decreased due to favorable development on commercial and contract surety driven by accident years 2019 and prior.

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 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.

Personal automobile liability reserves were decreased primarily within accident years 2020 to 2023 as a result of lower than expected severity.

Homeowners reserves were decreased primarily due to favorable severity impacting accident year 2024.

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

Change in Deferred Gain on Retroactive Reinsurance

The Company has two ADC reinsurance agreements in place with National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway Inc., both accounted for as retroactive reinsurance.

One agreement covered substantially all asbestos and environmental ("A&E") reserve development for accident years prior to 2016 up to an aggregate limit of $ 1.5 billion and the other covered substantially all reserve development of Navigators Insurance Company and certain of its affiliates for 2018 and prior accident years up to an aggregate limit of $ 300 .

As the Company had previously ceded all of the available limits under the agreements, there is no remaining limit available under either agreement as of March 31, 2026.

During the three months ended March 31, 2026, the Company began collecting recoveries from NICO under the A&E ADC and, as a result, amortized $ 36 of the deferred gain within benefits, losses and loss adjustment expenses.

The deferred gain on the A&E ADC was $ 814 and $ 850 , as of March 31, 2026 and December 31, 2025, respectively, and is included in other liabilities on the Condensed Consolidated Balance Sheets.

During the first quarter of 2026, NICO suspended payment under the A&E ADC due to a dispute that is the subject of an arbitration proceeding.

The timing of any resolution or outcome of the arbitration is not yet known and there may be impacts to the Company's cash flows or operating results as a result of the dispute.

During the three months ended March 31, 2025, the Company collected recoveries from NICO under the Navigators ADC and, as a result, amortized $ 32 of the deferred gain within benefits, losses and loss adjustment expenses.

As of September 30, 2025, the deferred gain on the Navigators ADC had been fully amortized and the limit fully collected.

Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

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

On February 14, 2022, the Company executed a final settlement agreement (the “Settlement”) with the Boy Scouts of America ("BSA"), the Local Councils, and the attorneys representing a majority of the alleged victims, pursuant to which The Hartford agreed to pay $ 787 for sexual molestation and sexual abuse claims associated with liability policies issued by various Hartford writing companies in the 1970s and early 1980s.

In exchange for its payment, the Company receives a complete release of its policies issued to BSA and the Local Councils, as well as an injunction against further abuse claims involving BSA.

All conditions precedent to the Settlement have been satisfied, including approval by the bankruptcy court and the district court, and on April 20, 2023, The Hartford paid the Settlement amount of $ 787 .

Certain objecting parties appealed the district court’s ruling.

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

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.

Change in Deferred Gain on Retroactive Reinsurance

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 $ 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 nine months ended September 30,

For the three months ended March 31,

Beginning liabilities for unpaid losses and loss adjustment expenses, gross $ 8,113 $ 8,206

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 $ 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

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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.

[2] Includes unallocated loss adjustment expenses ("ULAE") of $ 46 and $ 44 for the three months ended March 31, 2026 and 2025, respectively, that are recorded in insurance operating costs and other expenses in the Condensed Consolidated Statements of Operations .

Re-estimates of prior incurral years reserves for the three months ended March 31, 2026

Group disability - Prior period reserve estimates decreased by approximately $ 134 driven by favorable long-term disability claim recoveries.

Group life and accident (including group life premium waiver) - Prior period reserve estimates decreased by approximately $ 46 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 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.

Re-estimates of prior incurral years reserves for the three months ended March 31, 2025

Group disability- Prior period reserve estimates decreased by approximately $ 156 largely driven by strong long-term disability claim recoveries.

Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $ 39 largely driven by favorable mortality emergence and continued low incidence in group life premium waiver.

Note 10 - Reserve for Future Policy Benefits

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Reserve for Future Policy Benefits

Rollforward of Reserve for Future Policy Benefits

For the nine months ended September 30,

For the three months ended March 31,

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

9 unchanged sentences

Adjusted beginning balance 121 121 189 129 123 200

Issuances — 1 12 — — —

Interest accrual and other 1 3 1 1 5 1

6 unchanged sentences

Net Reserve for Future Policy Benefits

As of September 30,

As of March 31,

Payout Annuities $ 119 $ 129

3 unchanged sentences

Total $ 451 $ 449

Note 10 - Reserve for Future Policy Benefits

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Undiscounted Expected Future Gross Premiums and Benefit Payments

As of September 30,

As of March 31,

Payout Annuities [1]

6 unchanged sentences

[1] Payout Annuities and Paid-up Life have no expected future gross premiums.

Note 10 - Reserve for Future Policy Benefits

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Weighted-Average Interest Rates

As of September 30,

As of March 31,

Payout Annuities

6 unchanged sentences

Current discount rate 5.0 % 5.1 %

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.

Gross premiums and interest accretion recognized on long-duration insurance policies for the three months ended March 31, 2026 and 2025 were immaterial.

Other Policyholder Funds and Benefits Payable

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 .

Other policyholder funds and benefits payable of $ 612 and $ 611 as of March 31, 2026 and 2025 respectively, included universal life long-duration contracts of $ 194 and $ 202 as well as policyholder balances related to short-duration contracts of $ 418

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 nine months ended September 30,

For the three months ended March 31,

Balance, beginning of the period $ 196 $ 206

9 unchanged sentences

[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 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

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Income Tax Expense

Income Tax Rate Reconciliation

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

2025 2024 2025 2024

Tax provision at U.S.

federal statutory rate $ 277 $ 200 $ 703 $ 583

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 )

Provision for income taxes $ 238 $ 185 $ 642 $ 517

Uncertain Tax Positions

Rollforward of Unrecognized Tax Benefits

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

2025 2024 2025 2024

Balance, beginning of period $ 25 $ 27 $ 24 $ 26

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.

Other Tax Matters

H.R.1, known as the “One Big Beautiful Bill Act” was signed into law on July 4, 2025.

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 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

As of March 31, 2026 and 2025, universal life contracts of $ 193 and $ 201 , respectively, had crediting rates at their guaranteed minimums ranging from 4 %- 5 % .

The effective tax rate was 19.0 % and 19.5 % for the three months ended March 31, 2026 and 2025, respectively.

The effective tax rate differs from the U.S.

federal statutory tax rate of 21 % primarily due to net excess tax benefits on stock-based compensation, tax credits and non-taxable net investment income.

Note 13 - Commitments and Contingencies

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

2 unchanged sentences

Management establishes liabilities for these contingencies at its “best estimate,” or, if no one number within the range of possible losses is more probable than any other, the Company records an estimated liability at the low end of the range of losses.

The Hartford is involved in claims litigation arising in the ordinary course of business, both as a liability insurer defending or providing indemnity for third-party claims brought against insureds and as an insurer defending coverage claims brought against it.

The Hartford accounts for such activity through the establishment of unpaid loss and loss adjustment expense reserves.

Subject to the uncertainties related to sexual molestation and sexual abuse claims, including those discussed in Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of this Form 10-Q and in Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the following discussion under the caption “Run-off Asbestos and Environmental Claims,” management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of The Hartford.

The Hartford is also involved in other kinds of legal actions, some of which assert claims for substantial amounts.

In addition to the matter described below, these actions include putative class actions seeking certification of a state or national class.

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.

Subject to the uncertainties related to sexual molestation and sexual abuse claims, including those discussed in Note 10 - Reserve for Unpaid Losses and Loss Adjustment Expenses, of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the following discussion under the caption “Run-off Asbestos and Environmental Claims,” management expects that the ultimate liability, if any, with respect to such ordinary-course claims litigation, after consideration of provisions made for potential losses and costs of defense, will not be material to the consolidated financial condition, results of operations or cash flows of The Hartford.

The Hartford is also involved in other kinds of individual and class actions, some of which assert claims for substantial amounts.

Individual actions may include claims alleging bad faith in the handling of insurance claims or other allegedly unfair or improper business practices and may seek punitive damages.

In putative class actions, plaintiffs may be seeking certification of a state or national class and 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.

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.

2 unchanged sentences

The Company continues to receive A&E claims.

Asbestos claims relate primarily to bodily injuries asserted by people who came in contact with asbestos or products containing asbestos.

Asbestos claims relate primarily to bodily injuries asserted by people who came in contact with asbestos or products allegedly containing asbestos.

Environmental claims relate primarily to pollution and related clean-up costs.

The vast majority of the Company's exposure to A&E relates to accident years prior to 1986 that are reported in Property & Casualty Other Operations ("Run-off A&E").

In addition, since 1986, the Company has written A&E exposures under general liability policies and pollution liability under homeowners policies, which are reported in the Business Insurance and Personal Insurance segments, respectively.

In addition, since 1986, the Company has written A&E exposures under general

liability policies and pollution liability under homeowners policies, which are reported in the Business Insurance and Personal Insurance segments, respectively.

Prior to 1986, the Company wrote several different categories of insurance contracts that may cover A&E 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.

The degree of variability of gross reserve estimates for these exposures is significantly greater than for other more traditional exposures.

In the case of the reserves for asbestos exposures, factors contributing to the high degree of uncertainty include inadequate loss development patterns, plaintiffs’ expanding theories of liability, the risks inherent in major litigation, and inconsistent and emerging legal doctrines with respect to the underlying claims and with respect to the Company's coverage obligations.

In the case of the reserves for asbestos exposures, factors contributing to the high degree of uncertainty include inadequate loss development patterns, plaintiffs’ expanding theories of liability, new targets, the risks inherent in major litigation, and inconsistent and emerging legal doctrines with respect to the underlying claims and with respect to the Company's coverage obligations.

Furthermore, over time, insurers, including the Company, have experienced significant changes in the rate at which asbestos claims are brought, the claims experience of particular insureds, and the value of claims, making predictions of future exposure from past experience uncertain.

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In addition, some policyholders have asserted new classes of claims for coverages to which an aggregate limit of liability may not apply.

Further uncertainties include insolvencies of other carriers, insolvencies of insureds and unanticipated developments pertaining to the Company’s ability to recover reinsurance for A&E claims.

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

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The delay in reporting reinsurance claims and exposures adds to the uncertainty of estimating the related reserves.

Note 13 - Commitments and Contingencies

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

It is also not possible to predict changes in the legal and legislative environment and their effect on the future development of A&E claims.

Further uncertainties include insolvencies of other carriers, insolvencies of insureds and unanticipated developments pertaining to the Company’s ability to recover reinsurance for A&E claims.

Given the factors described above, the Company believes the actuarial tools and other techniques it employs to estimate the ultimate cost of claims for more traditional kinds of insurance exposure are less precise in estimating reserves for A&E exposures.

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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 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.

For its Run-off A&E claims, as of March 31, 2026, the Company reported $ 275 of net A&E reserves, net of the benefit of losses ceded to the A&E ADC with NICO.

While the Company believes that its current Run-off A&E reserves are appropriate, significant uncertainties limit our ability to estimate the ultimate reserves necessary for unpaid losses and related expenses.

The ultimate liabilities, thus, could exceed the currently recorded reserves, and any such additional liability, while not reasonably estimable now, could be material to The Hartford's consolidated operating results or liquidity.

The Company’s A&E ADC reinsurance agreement reinsures substantially all A&E reserve development for 2016 and prior accident years, including Run-off A&E and A&E reserves included in Business Insurance and Personal Insurance.

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 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.

The effect of future charges could be material to the Company’s consolidated operating results or liquidity.

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.

For more information on the A&E ADC, refer to Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements and Note 10 - Reserve for Unpaid Losses and Loss

Adjustment Expenses of Notes to Consolidated Financial Statements included in the Company's 2025 Form 10-K Annual Report.

Derivative Commitments

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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.

The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of March 31, 2026 was $ 33 for which the legal entities have posted collateral of $ 31 in the normal course of business.

Based on derivative contractual terms as of March 31, 2026, 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 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.

During the three months ended March 31, 2026 and 2025, the Company repurchased $ 450 ( 3.3 million shares) and $ 400 ( 3.5 million shares), respectively, of common stock under Board authorized share repurchase programs covering the applicable periods.

As of March 31, 2026, the Company has $ 1.1 billion remaining for equity repurchases under the current $ 3.3 billion share repurchase program, which is effective until December 31, 2026.

During the period April 1, 2026 through April 22, 2026, the Company repurchased $ 111 ( 0.8 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 .

Note 15 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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

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,

Beginning balance $ ( 1,029 ) $ ( 5 ) $ 6 $ 45 $ 29 $ ( 1,430 ) $ ( 2,384 )

OCI before reclassifications 451 3 14 ( 3 ) ( 9 ) — 456

Amounts reclassified from AOCI 21 — ( 3 ) — — 8 26

OCI, before tax 472 3 11 ( 3 ) ( 9 ) 8 482

Income tax benefit (expense) ( 99 ) ( 1 ) ( 2 ) 1 2 ( 2 ) ( 101 )

OCI, net of tax 373 2 9 ( 2 ) ( 7 ) 6 381

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

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

Changes in AOCI, Net of Tax for the Three Months Ended March 31, 2026

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Ending balance $ ( 1,011 ) $ ( 3 ) $ 13 $ 43 $ 28 $ ( 1,486 ) $ ( 2,416 )

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

Three Months Ended March 31, 2026 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 $ ( 15 ) Net income

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

Beginning balance $ ( 1,732 ) $ ( 7 ) $ 30 $ 35 $ 35 $ ( 1,429 ) $ ( 3,068 )

OCI before reclassifications 1,292 2 2 8 ( 20 ) — 1,284

Amounts reclassified from AOCI 50 1 2 — — 9 62

OCI, before tax 1,342 3 4 8 ( 20 ) 9 1,346

Income tax benefit (expense) ( 281 ) ( 1 ) ( 1 ) ( 2 ) 4 ( 2 ) ( 283 )

OCI, net of tax 1,061 2 3 6 ( 16 ) 7 1,063

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

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

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 Three Months Ended March 31, 2025

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Ending balance $ ( 1,237 ) $ ( 6 ) $ 40 $ 29 $ 30 $ ( 1,436 ) $ ( 2,580 )

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

Three Months Ended March 31, 2025 Affected Line Item in the Condensed Consolidated Statement of Operations

Net Unrealized Gain (Loss) on Fixed Maturities, AFS

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

( 50 ) ( 127 ) Total before tax

( 11 ) ( 27 ) Income tax expense

$ ( 39 ) $ ( 100 ) Net income

Unrealized Losses on Fixed Maturities, AFS with ACL

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

Fixed Maturities, AFS $ ( 10 ) Net realized losses

( 10 ) Total before tax

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Total amounts reclassified from AOCI $ ( 11 ) Net income

Note 16 - Employee Benefit Plans

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Employee Benefit Plans

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

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.

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

qualified defined benefit pension plan in 2026.

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

qualified defined benefit pension plan during 2026 to make this determination.

Net Periodic Cost (Benefit)

Pension Benefits Other Postretirement Benefits

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

Three Months Ended March 31, Three Months Ended March 31,

2026 2025 2026 2025

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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