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Item 1. Financial Statements

2026-07-23 compared with 2026-04-23 · 456 added, 237 removed, 1312 unchanged (35% 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 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").

and subsidiaries (the "Company") as of June 30, 2026, the related condensed consolidated statements of operations, comprehensive income (loss), and changes in stockholders' equity for the three-month and six-month periods ended June 30, 2026 and 2025 , and of cash flows for the six-month periods ended June 30, 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.

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Hartford, Connecticut

April 23, 2026

July 23, 2026

Th e Hartford Insurance Grou p, Inc.

Condensed Consolidated Statements of Operations

Three Months Ended March 31,

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

2026 2025 2026 2025

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

2 unchanged sentences

Net investment income 800 658 1,534 1,310

Net realized losses ( 55 ) ( 49 )

Net realized gains (losses) 64 ( 19 ) 12 ( 68 )

Other revenues 34 30 61 52

3 unchanged sentences

Amortization of deferred policy acquisition costs ("DAC")

669 625 1,325 1,232

Insurance operating costs and other expenses 1,215 1,138 2,443 2,285

2 unchanged sentences

Total benefits, losses and expenses 6,032 5,542 11,982 11,364

Income before income taxes 1,057 783

Income from continuing operations before income taxes 1,231 1,174 2,222 1,898

Income tax expense 251 236 438 376

Income from continuing operations, net of tax 980 938 1,784 1,522

Income from discontinued operations, net of tax 318 57 370 103

Net income 1,298 995 2,154 1,625

1 unchanged sentence

Net income available to common stockholders $ 1,293 $ 990 $ 2,144 $ 1,615

Income from continuing operations, net of tax, available to common stockholders per common share

Basic $ 3.57 $ 3.29 $ 6.45 $ 5.30

Diluted $ 3.53 $ 3.24 $ 6.38 $ 5.22

Net income available to common stockholders per common share

4 unchanged sentences

Condensed Consolidated Statements of Comprehensive Income (Loss)

Three Months Ended March 31,

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

2026 2025 2026 2025

(in millions) (Unaudited)

2 unchanged sentences

Change in net unrealized gain (loss) on fixed maturities, available-for-sale ("AFS") 69 208 ( 301 ) 510

Change in unrealized losses on fixed maturities with an allowance for credit losses ("ACL") — 1 — 1

Change in net gain (loss) on cash flow hedging instruments ( 29 ) ( 34 ) ( 32 ) ( 34 )

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(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 )

Fixed maturities, AFS, at fair value (amortized cost of $ 47,036 and $ 46,871 , and ACL of $ 16 and $ 16 )

$ 45,824 $ 46,041

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Other assets 2,649 2,122

Assets held for sale 901 864

Total assets $ 87,983 $ 86,029

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Other liabilities 4,761 5,126

Liabilities held for sale 180 176

Total liabilities 68,350 67,050

1 unchanged sentence

Stockholders’ Equity

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

Preferred stock, $ 0.01 par value — 50,000,000 shares authorized, 13,800 shares issued at June 30, 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 June 30, 2026 and December 31, 2025

Additional paid-in capital 503 549

9 unchanged sentences

Condensed Consolidated Statements of Changes in Stockholders' Equity

Three Months Ended March 31,

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

2026 2025 2026 2025

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

35 unchanged sentences

Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31,

Six Months Ended June 30,

(in millions) 2026 2025

2 unchanged sentences

Adjustments to reconcile net income to net cash provided by operating activities:

Net realized losses 55 49

Net realized (gains) losses ( 17 ) 59

Amortization of deferred policy acquisition costs 1,325 1,232

3 unchanged sentences

Change in assets and liabilities:

Decrease (increase) in reinsurance recoverables 118 ( 50 )

Decrease in reinsurance recoverables 153 32

Net change in accrued and deferred income taxes ( 381 ) ( 181 )

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Limited partnership and other alternative investments ( 523 ) ( 445 )

Net proceeds from (payments for) derivatives ( 18 ) 12

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

Net proceeds from short-term investments 162 731

Net payments for derivatives ( 50 ) ( 22 )

Net disposals (additions) of property and equipment 84 ( 78 )

Net proceeds from (payments for) short-term investments ( 47 ) 524

Other investing activities, net ( 62 ) ( 53 )

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Foreign exchange rate effect on cash ( 10 ) 4

Net increase (decrease) in cash and restricted cash, including cash classified within assets held for sale 44 ( 15 )

Net increase (decrease) in cash classified within assets held for sale ( 7 ) —

Net increase (decrease) in cash and restricted cash 37 ( 15 )

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The Hartford Insurance Group, Inc.

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

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

On June 3, 2026, the Company entered into a definitive agreement to sell Hartford Funds Management Group, Inc.

("Hartford Funds"), a subsidiary of Hartford Holdings, Inc.

For further discussion of this transaction, see Note 17 - Discontinued Operations of Notes to Condensed Consolidated Financial Statements.

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

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Intercompany transactions and balances between The Hartford and its subsidiaries and affiliates have been eliminated.

Discontinued Operations

The results of operations of a component of the Company are reported in discontinued operations when certain criteria are met as of the date of disposal, or earlier if classified as held-for-sale.

When a component is identified for discontinued operations reporting, amounts for prior periods are retrospectively reclassified as discontinued operations.

Components are identified as discontinued operations if they are a major part of an entity's operations and financial results such as a separate major line of business or a separate major geographical area of operations.

Hartford Funds has met the criteria for reporting as discontinued operations and is reported in the Corporate category until closing.

Use of Estimates

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and contingencies relating to corporate litigation and regulatory matters.

Reclassifications

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

In particular, prior period results of operations associated with the Company's Hartford Funds business have been retrospectively reclassified to discontinued operations and assets and liabilities associated with the Hartford Funds business are classified as assets and liabilities held for sale within the Corporate category.

Note 2 - Earnings Per Common Share

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Computation of Basic and Diluted Earnings per Common Share

Three Months Ended March 31,

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

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

Income from continuing operations, net of tax $ 980 $ 938 $ 1,784 $ 1,522

Income from discontinued operations, net of tax 318 57 370 103

Net income $ 1,298 $ 995 $ 2,154 $ 1,625

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Net income available to common stockholders per common share

Basic $ 3.08 $ 2.18

Diluted $ 3.04 $ 2.15

Segment Information

The Company currently conducts business principally in five reportable segments including Business Insurance, Personal Insurance, Property & Casualty ("P&C") Other Operations, Employee Benefits and Hartford Funds, as well as a Corporate category.

Income from continuing operations, net of tax, available to common stockholders $ 3.57 $ 3.29 $ 6.45 $ 5.30

Income from discontinued operations, net of tax, available to common stockholders 1.16 0.20 1.35 0.36

Net income available to common stockholders $ 4.73 $ 3.49 $ 7.80 $ 5.66

Income from continuing operations, net of tax, available to common stockholders $ 3.53 $ 3.24 $ 6.38 $ 5.22

Income from discontinued operations, net of tax, available to common stockholders $ 1.15 $ 0.20 $ 1.33 $ 0.36

Net income available to common stockholders $ 4.68 $ 3.44 $ 7.71 $ 5.58

Note 3 - Segment Information

The Hartford Insurance Group, Inc.

The Hartford Insu ran ce Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Segment Information

The Company currently conducts business principally in four reportable segments including Business Insurance, Personal Insurance, Property & Casualty ("P&C") Other Operations and Employee Benefits, as well as a Corporate category.

Beginning with the second quarter of 2026, Hartford Funds is no longer reported as a separate reportable segment and is included within the Corporate category.

Segment Revenues

Three Months Ended March 31,

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

2026 2025 2026 2025

Business Insurance

1 unchanged sentence

General liability 669 609 1,310 1,193

Marine 73 68 145 137

Package business 718 659 1,424 1,278

1 unchanged sentence

Professional liability 210 208 425 414

Bond 90 83 173 168

Assumed reinsurance 236 222 466 442

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Net investment income 556 449 1,061 886

Net realized losses ( 19 ) ( 24 )

Net realized gains (losses) 12 ( 20 ) ( 7 ) ( 44 )

Other revenue [1] 1 1 1 2

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Net investment income 67 58 129 115

Net realized losses ( 4 ) ( 2 )

Net realized gains (losses) 4 ( 4 ) — ( 6 )

Other revenue 25 24 47 44

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Net investment income 22 19 42 37

Net realized losses ( 1 ) —

Net realized gains (losses) 1 ( 2 ) — ( 2 )

Total P&C Other Operations 23 17 42 35

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Net investment income 137 118 268 244

Net realized losses ( 11 ) ( 4 )

Net realized gains (losses) 9 ( 16 ) ( 2 ) ( 20 )

Total Employee Benefits 1,913 1,765 3,756 3,555

Hartford Funds

Mutual fund and ETF 266 242

Third-party life and annuity separate accounts [3] 17 18

Hartford Funds fee income 283 260

Net investment income 5 4

Net realized losses ( 3 ) —

Total Hartford Funds 285 264

Total segment revenues $ 7,188 $ 6,664 $ 14,115 $ 13,203

[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 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.

[2] For the three months ended June 30, 2026 and 2025, AARP members accounted for earned premiums of $ 798 and $ 841 , respectively.

For the six months ended June 30, 2026 and 2025, AARP members accounted for earned premiums of $ 1.60 billion and $ 1.66 billion

Note 3 - Segment Information

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Significant Segment Expenses

Three Months Ended March 31,

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

2026 2025 2026 2025

Business Insurance

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Total Employee Benefits 1,727 1,576 3,422 3,199

Hartford Funds

Sub-advisory expense 83 73

Employee compensation and benefits 38 39

Distribution and service 74 73

General, administrative and other 28 24

Total Hartford Funds 223 209

Total significant segment expenses $ 5,910 $ 5,453 $ 11,772 $ 11,188

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Notes To Condensed Consolidated Financial Statements (continued)

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

Segment/Category Summary For the Three Months Ended June 30, 2026

Reportable Segments

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

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

Earned premium and fee income from external customers $ 3,675 $ 912 $ — $ 1,767 $ 6,354 $ 11 $ 6,365

Net investment income 556 67 22 137 782 18 800

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

Net realized gains 12 4 1 9 26 38 64

Other revenue [1] 1 25 — — 26 8 34

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Income tax expense (benefit) 179 33 4 39 255 ( 4 ) 251

Net income (loss) $ 536 $ 139 $ 42 $ 118 $ 49 $ 884 $ ( 28 ) $ 856

Income (loss) from continuing operations, net of tax 704 130 17 147 998 ( 18 ) 980

Income from discontinued operations, net of tax 318 318

Net income $ 704 $ 130 $ 17 $ 147 $ 998 $ 300 $ 1,298

Other segment disclosures:

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Amortization of other intangibles $ 7 $ — $ — $ 10 $ 17 $ — $ 17

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

Segment/Category Summary For the Six Months Ended June 30, 2026

Reportable Segments

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

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

Earned premium and fee income from external customers $ 7,259 $ 1,827 $ — $ 3,490 $ 12,576 $ 21 $ 12,597

Net investment income 1,061 129 42 268 1,500 34 1,534

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

Net realized (gains) losses ( 7 ) — — ( 2 ) ( 9 ) 21 12

Other revenue [1] 1 47 — — 48 13 61

1 unchanged sentence

Significant segment expenses 6,758 1,624 ( 32 ) 3,422 11,772 11,772

Other segment expenses (income) [2] 1 42 — — 43 43

Corporate expenses 167 167

Income tax expense (benefit) 315 68 15 69 467 ( 29 ) 438

Income (loss) from continuing operations, net of tax 1,240 269 59 265 1,833 ( 49 ) 1,784

Income from discontinued operations, net of tax 370 370

Net income $ 1,240 $ 269 $ 59 $ 265 $ 1,833 $ 321 $ 2,154

Other segment disclosures:

Amortization of DAC $ 1,167 $ 141 $ — $ 17 $ 1,325 $ — $ 1,325

Amortization of other intangibles $ 14 $ 1 $ — $ 20 $ 35 $ — $ 35

Note 3 - Segment Information

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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

Reportable Segments

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

Earned premium and fee income from external customers $ 3,435 $ 939 $ — $ 1,663 $ 6,037 $ 10 $ 6,047

Net investment income 449 58 19 118 644 14 658

Net realized gains (losses) ( 20 ) ( 4 ) ( 2 ) ( 16 ) ( 42 ) 23 ( 19 )

Other revenue [1] 1 24 — — 25 5 30

Total Revenues 3,865 1,017 17 1,765 6,664 52 6,716

Significant segment expenses 2,991 884 2 1,576 5,453 5,453

Other segment expenses [2] 2 19 — — 21 21

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Income tax expense (benefit) 176 23 2 39 240 ( 4 ) 236

Net income (loss) $ 477 $ 5 $ 13 $ 133 $ 43 $ 671 $ ( 41 ) $ 630

Income (loss) from continuing operations, net of tax 696 91 13 150 950 ( 12 ) 938

Income from discontinued operations, net of tax 57 57

Net income $ 696 $ 91 $ 13 $ 150 $ 950 $ 45 $ 995

Other segment disclosures:

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Amortization of other intangibles $ 7 $ — $ — $ 10 $ 17 $ — $ 17

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

Reportable Segments

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

Earned premium and fee income from external customers $ 6,770 $ 1,846 $ — $ 3,331 $ 11,947 $ 21 $ 11,968

Net investment income 886 115 37 244 1,282 28 1,310

Net realized gains (losses) ( 44 ) ( 6 ) ( 2 ) ( 20 ) ( 72 ) 4 ( 68 )

Other revenue [1] 2 44 — — 46 6 52

Total Revenues 7,614 1,999 35 3,555 13,203 59 13,262

Significant segment expenses 6,139 1,846 4 3,199 11,188 11,188

Other segment expenses [2] 4 34 — — 38 38

Corporate expenses 138 138

Income tax expense (benefit) 298 23 5 73 399 ( 23 ) 376

Income (loss) from continuing operations, net of tax 1,173 96 26 283 1,578 ( 56 ) 1,522

Income from discontinued operations, net of tax 103 103

Net income $ 1,173 $ 96 $ 26 $ 283 $ 1,578 $ 47 $ 1,625

Other segment disclosures:

Amortization of DAC $ 1,077 $ 138 $ — $ 17 $ 1,232 $ — $ 1,232

Amortization of other intangibles $ 14 $ 1 $ — $ 20 $ 35 $ — $ 35

[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.

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Notes To Condensed Consolidated Financial Statements (continued)

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

Business Insurance $ 59,398 $ 57,468

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Employee Benefits 13,261 13,564

Hartford Funds 830 812

Total Reportable Segments 83,065 81,831

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Non-Insurance Revenue from Contracts with Customers

Three Months Ended March 31,

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

Revenue Line Item 2026 2025 2026 2025

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Administrative services Fee income 56 57 113 113

Hartford Funds

Advisory, servicing and distribution fees Fee income 283 260

Investment management and other fees Fee income 11 10 21 21

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Notes To Condensed Consolidated Financial Statements (continued)

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

Assets and (Liabilities) Carried at Fair Value by Hierarchy Level as of June 30, 2026

Total Quoted Prices in

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Foreign exchange derivatives 11 — 11 —

Interest rate derivatives 5 — 5 —

Total derivative assets [2] ( 3 ) — ( 3 ) —

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See footnote [3] to this table for derivative liabilities.

[3] Excludes Level 1 assets of $ 168 and $ 179 and Level 2 assets of $ 256 and $ 240 , respectively, that were reclassified to assets held-for-sale as of June 30, 2026 and December 31, 2025.

[4] 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 $ 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.

The Company has overseas deposits included in other investments of $ 84 and $ 87 as of June 30, 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 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 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 uses a "waterfall" approach comprised of the following pricing sources and techniques, which are listed in priority order:

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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 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

If there are no recently reported trades, they may use a discounted cash flow technique to develop a price using expected cash flows

Note 4 - Fair Value Measurements

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

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

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.

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.

As of June 30, 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.

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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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Input on Fair Value [2]

As of March 31, 2026

As of June 30, 2026

ABS $ 175 Discounted cash flows Spread 488 bps 902 bps 590 bps Decrease

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

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.

As of June 30, 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

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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.

However, the 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 March 31, 2026

Three Months Ended June 30, 2026

Total realized/unrealized gains (losses)

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

Fair value as of March 31, 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 June 30, 2026

Fixed maturities, AFS

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

Three Months Ended March 31, 2025

Six Months Ended June 30, 2026

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 March 31, 2025

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 June 30, 2026

Fixed maturities, AFS

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Total Assets $ 4,028 $ ( 46 ) $ ( 34 ) $ 1,784 $ ( 944 ) $ ( 189 ) $ 4 $ ( 242 ) $ 4,361

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 June 30, 2025

Total realized/unrealized gains (losses)

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

Fixed maturities, AFS

ABS $ 56 $ — $ — $ 39 $ ( 3 ) $ — $ — $ — $ 92

CLOs 233 — — 20 ( 18 ) — — ( 165 ) 70

CMBS 150 ( 1 ) 1 — ( 13 ) ( 8 ) 8 — 137

Corporate 2,401 2 47 460 ( 109 ) ( 67 ) — — 2,734

RMBS 39 — — — ( 3 ) — — ( 24 ) 12

Total fixed maturities, AFS 2,879 1 48 519 ( 146 ) ( 75 ) 8 ( 189 ) 3,045

FVO securities 195 ( 13 ) — 2 ( 3 ) — — — 181

Equity securities, at fair value 91 — — 2 — — — — 93

Short-term investments 59 — — 57 — — — — 116

Total Assets $ 3,224 $ ( 12 ) $ 48 $ 580 $ ( 149 ) $ ( 75 ) $ 8 $ ( 189 ) $ 3,435

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

Six Months Ended June 30, 2025

Total realized/unrealized gains (losses)

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

Fixed maturities, AFS

ABS $ 22 $ — $ 1 $ 73 $ ( 4 ) $ — $ — $ — $ 92

CLOs 116 — — 228 ( 19 ) — — ( 255 ) 70

CMBS 167 ( 1 ) 4 — ( 13 ) ( 10 ) 43 ( 53 ) 137

Corporate 2,281 3 62 624 ( 198 ) ( 76 ) 38 — 2,734

RMBS 24 — — 24 ( 7 ) — — ( 29 ) 12

Total fixed maturities, AFS 2,610 2 67 949 ( 241 ) ( 86 ) 81 ( 337 ) 3,045

FVO securities 197 ( 17 ) — 8 ( 7 ) — — — 181

Equity securities, at fair value 87 ( 1 ) — 10 ( 3 ) — — — 93

Short-term investments 98 — — 67 ( 49 ) — — — 116

Total Assets $ 2,992 $ ( 16 ) $ 67 $ 1,034 $ ( 300 ) $ ( 86 ) $ 81 $ ( 337 ) $ 3,435

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

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Level 3 Still Held at End of Period

Three Months Ended March 31,

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

2026 2025 2026 2025 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

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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 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.

As of June 30, 2026 and December 31, 2025, the fair value of assets using the fair value option was $ 125 and $ 168 , respectively.

For the three and six months ended June 30, 2026, net realized losses related to the change in fair value of assets using the fair value option were $ 3 and $ 37 , respectively.

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

Financial Instruments Not Carried at Fair Value

Financial Assets and Liabilities Not Carried at Fair Value

March 31, 2026 December 31, 2025

June 30, 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 $ 491 Level 2 $ 499 $ 473

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

[1] As of both June 30, 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.

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Net Realized Gains (Losses)

Three Months Ended March 31,

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

(Before tax) 2026 2025 2026 2025

Gross gains on sales of fixed maturities

$ 10 $ 19 $ 28 $ 32

Gross losses on sales of fixed maturities

1 unchanged sentence

Equity securities [1]

Net realized gains (losses) on sales of equity securities 2 1 4 1

Change in net unrealized gains (losses) of equity securities 119 26 100 14

4 unchanged sentences

Net realized gains (losses) $ 64 $ ( 19 ) $ 12 $ ( 68 )

[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.

[1] The change in net unrealized gains on equity securities still held as of June 30, 2026, and included in net realized gains were $ 121 and $ 104 for the three and six months ended June 30, 2026, respectively.

The change in net unrealized gains on equity securities still held as of June 30, 2025, and included in net realized gains were $ 27 and $ 14 for the three and six months ended June 30, 2025, respectively.

[2] For the three and six months ended June 30, 2026, includes losses from transactional foreign currency revaluation of $ 6 and $ 3 , respectively, and losses on non-qualifying derivatives of $ 13 and $ 5 , respectively.

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

Proceeds from the sales of fixed maturities, AFS totaled $ 1.6 billion and $ 3.0 billion for the three and six months ended June 30, 2026, respectively, and $ 1.7 billion and $ 2.7 billion for the three and six months ended June 30, 2025.

Non-cash investing activities for both the three and six months ended June 30, 2026, included $ 264 related to a reclass from short term to fixed maturities driven by an extension.

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

Accrued Investment Income on Fixed Maturities, AFS and Mortgage Loans

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.

As of June 30, 2026 and December 31, 2025, the Company reported accrued investment income related to fixed maturities, AFS of $ 448 and $ 439 , respectively, and accrued investment income related to mortgage loans of $ 27 and $ 25 , respectively.

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

4 unchanged sentences

Recognition and Presentation of Intent-to-Sell Impairments and ACL on Fixed Maturities, AFS

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

The Company will record an "intent-to-sell impairment" as a reduction to the amortized cost of fixed maturities, AFS in an unrealized loss position if the Company intends to sell or it is

more likely than not that the Company will be required to sell the fixed maturity before a recovery in value.

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

7 unchanged sentences

Developing the Company’s best estimate of expected future cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions regarding the future performance.

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

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.

Note 5 - Investments

1 unchanged sentence

Notes To Condensed Consolidated Financial Statements (continued)

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.

extent to which the fair value has been less than the amortized cost of the security.

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 March 31,

Three Months Ended June 30,

(Before tax) CLOs CMBS Total CMBS Total

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

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

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

ACL on Fixed Maturities, AFS by Type

Six Months Ended June 30,

(Before tax) CLOs CMBS Total Corporate CMBS Total

4 unchanged sentences

Fixed Maturities, AFS, by Type

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

Cost ACL Gross

10 unchanged sentences

Total fixed maturities, AFS $ 47,036 $ ( 16 ) $ 349 $ ( 1,545 ) $ 45,824 $ 46,871 $ ( 16 ) $ 610 $ ( 1,424 ) $ 46,041

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Fixed Maturities, AFS, by Contractual Maturity Year

March 31, 2026 December 31, 2025

June 30, 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 March 31, 2026 or

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

December 31, 2025 other than U.S.

The Company had no investment exposure to any credit concentration risk of a single issuer greater than 10% of the Company's stockholders' equity as of June 30, 2026 or December 31, 2025 other than U.S.

government securities and certain U.S.

1 unchanged sentence

Unrealized Losses on Fixed Maturities, AFS

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

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of June 30, 2026

Less Than 12 Months 12 Months or More Total

10 unchanged sentences

Total fixed maturities, AFS in an unrealized loss position $ 13,167 $ ( 174 ) $ 12,414 $ ( 1,371 ) $ 25,581 $ ( 1,545 )

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Unrealized Loss Aging for Fixed Maturities, AFS by Type and Length of Time as of December 31, 2025

11 unchanged sentences

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

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.

As of June 30, 2026, fixed maturities, AFS in an unrealized loss position consisted of 3,266 instruments and were primarily depressed due to higher interest rates and/or wider credit spreads since the purchase date.

As of June 30, 2026, 95 % of these fixed maturities were depressed less than 20% of cost or amortized cost.

The increase in unrealized losses during the six months ended June 30, 2026, was primarily attributable to higher interest rates.

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

The Company neither has an intention to sell nor does it expect to be required to sell the fixed maturities outlined in the preceding discussion.

7 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

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

historical long-term assumptions over the remaining period.

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

6 unchanged sentences

The ACL is established for any shortfall between the amortized cost of the loan and the fair value of the collateral less costs to sell.

Estimates of collectibility from an individual borrower require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates.

Estimates of collectibility

Note 5 - Investments

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

from an individual borrower require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates.

In addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates.

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 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.

There were no mortgage loans held-for-sale as of June 30, 2026 or December 31, 2025.

For the three and six months ended June 30, 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 March 31,

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

2026 2025 2026 2025

ACL as of beginning of period $ 49 $ 43 $ 49 $ 44

Current period provision (release) — —

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

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 %.

ACL as of June 30,

$ 49 $ 43 $ 49 $ 43

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

Mortgage Loans LTV & DSCR by Origination Year as of June 30, 2026

2026 2025 2024 2023 2022 2021 & Prior Total

29 unchanged sentences

Mortgage Loans by Region

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

Amortized Cost Percent of Total Amortized Cost Percent of Total

13 unchanged sentences

Mortgage Loans by Property Type

March 31, 2026 December 31, 2025

June 30, 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 March 31, 2026 and December 31, 2025, the Company held no mortgage loans considered past due.

As of June 30, 2026, the Company held one commercial mortgage loan that was 60 days past due, with an amortized cost of $ 8 and an ACL of $ 4 .

The loan is on non-accrual status and is not accruing interest income.

As of 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 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.

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

As of June 30, 2026, under this program, the Company serviced mortgage loans with a total outstanding principal of $ 10.7 billion, of which $ 4.8 billion was serviced on behalf of third parties and $ 5.9 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 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.

Servicing rights are carried at the lower of cost or fair value and were $ 0 as of June 30, 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

5 unchanged sentences

Consolidated VIEs

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

As of June 30, 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 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

The Company’s maximum exposure to loss as of June 30, 2026 and December 31, 2025 was limited to the total carrying value of $ 4.3 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 June 30, 2026 and December 31, 2025, the Company has outstanding commitments totaling $ 2.8 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.

Note 5 - Investments

1 unchanged sentence

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.

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 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 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.

For the three and six months ended June 30, 2026, the Company recognized amortization of $ 7 and $ 13 , respectively, and related tax benefits of $ 10 and $ 19 .

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

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 $ 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.

The carrying value of these investments, which are reported in other assets on the Company’s Condensed Consolidated Balance Sheets was $ 166 and $ 121 as of June 30, 2026, and December 31, 2025, respectively.

As of June 30, 2026 and December 31, 2025, the Company has outstanding commitments related to affordable housing projects of $ 199 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.

9 unchanged sentences

The Company accounts for reverse repurchase agreements as collateralized financing.

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.

As of June 30, 2026 and December 31, 2025, the Company reported $ 287 and $ 87 , respectively, within short-term investments on the Condensed Consolidated Balance Sheets representing a receivable for the amount of cash transferred to purchase securities.

Collateral Transactions

7 unchanged sentences

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

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

Fair Value Fair Value

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

As of June 30, 2026 and December 31, 2025, the notional amount of interest rate swaps in offsetting relationships was $ 333 for both periods.

Foreign Currency Swaps

15 unchanged sentences

Notional Amount Fair Value Fair Value Fair Value

Hedge Designation/ Derivative Type Mar 31, 2026 Dec.

31, 2025 Mar 31, 2026 Dec.

Hedge Designation/ Derivative Type Jun 30, 2026 Dec.

31, 2025 Jun 30, 2026 Dec.

Cash flow hedges

27 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 March 31, 2026

As of June 30, 2026

Other investments $ 64 $ 54 $ ( 3 ) $ 13 $ 10 $ —

11 unchanged sentences

Gains (Losses) Recognized in OCI

Three Months Ended March 31,

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

2026 2025 2026 2025

Interest rate swaps $ ( 34 ) $ 3 $ ( 52 ) $ 13

2 unchanged sentences

Gains (Losses) Reclassified from AOCI into Income

Three Months Ended March 31,

Net Investment Income Interest Expense Net Investment Income Interest Expense

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

2026 2025 2026 2025

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

Interest rate swaps $ — $ 2 $ ( 2 ) $ 3 $ ( 1 ) $ 4 $ ( 4 ) $ 6

5 unchanged sentences

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 .

As of June 30, 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 $ 2 .

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 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.

During the three and six months ended June 30, 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 March 31,

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

2026 2025 2026 2025

Interest rate contracts

21 unchanged sentences

Amount [3] Offsetting

As of March 31, 2026

As of June 30, 2026

Basket credit default swaps [4]

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

As of June 30, 2026 and December 31, 2025, the Company ha s pl edged cash collateral associated with derivative instruments of $ 23 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 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.

As of June 30, 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 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.

In addition, as of June 30, 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 June 30, 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 $ 257 and $ 98 , respectively, which are included within fixed maturities on the Company's Condensed Consolidated Balance Sheets.

As of June 30, 2026 and December 31, 2025, the Company accepted cash collateral associated with derivative instruments of $ 49 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 June 30, 2026 and December 31, 2025, with a fair value of $ 10 and $ 2 , respectively, which the Company has the right to repledge or sell.

As of June 30, 2026 and December 31, 2025, the Company had no repledged securities.

In addition, as of June 30, 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 March 31, 2026 As of December 31, 2025

As of June 30, 2026 As of December 31, 2025

Premiums receivable, excluding receivables for losses within a deductible and retrospectively-rated policy premiums ("loss sensitive business") $ 6,674 $ 5,948

6 unchanged sentences

ACL on Premiums Receivable and Agents' Balances

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.

There have been no material changes to the ACL on premiums receivable and agents' balances in the three and six months ended June 30, 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

March 31, 2026 March 31, 2025

June 30, 2026 June 30, 2025

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

4 unchanged sentences

Ending ACL $ 137 $ 23 $ 160 $ 113 $ 22 $ 135

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

June 30, 2026 June 30, 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

Current period provision 52 2 54 47 2 49

Current period write-offs ( 37 ) ( 1 ) ( 38 ) ( 35 ) — ( 35 )

Current period recoveries 2 — 2 4 — 4

Ending ACL $ 137 $ 23 $ 160 $ 113 $ 22 $ 135

Note 8 - Reinsurance

3 unchanged sentences

Reinsurance Recoverables by Credit Quality Indicator

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

As of June 30, 2026 As of December 31, 2025

Employee Benefits

21 unchanged sentences

Allowance for Uncollectible Reinsurance

Three Months Ended March 31,

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

2026 2025 2026 2025

P&C beginning allowance for uncollectible reinsurance $ 68 $ 72 $ 66 $ 72

9 unchanged sentences

Total allowance for uncollectible reinsurance $ 70 $ 75 $ 70 $ 75

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

There have been no material changes to the allowance for uncollectible reinsurance in the three and six months ended June 30, 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.

5 unchanged sentences

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

For the three months ended March 31,

For the six months ended June 30,

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 $ 38,981 $ 37,358

[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.

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

The Navigators' 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.

3 unchanged sentences

Unfavorable (Favorable) Prior Accident Year Development

For the three months ended March 31,

For the six months ended June 30,

Workers’ compensation $ ( 110 ) $ ( 126 )

3 unchanged sentences

Professional liability ( 4 ) ( 11 )

Bond ( 32 ) ( 22 )

Assumed reinsurance 5 —

Commercial automobile liability 26 —

Personal automobile liability ( 39 ) ( 22 )

Homeowners ( 29 ) ( 31 )

Catastrophes ( 50 ) ( 39 )

Other reserve re-estimates, net ( 11 ) ( 2 )

2 unchanged sentences

Total prior accident year development $ ( 152 ) $ ( 309 )

[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.

[1] The change in deferred gain on retroactive reinsurance for the six months ended June 30, 2026 is comprised of a $ 36 benefit for amortization of the A&E ADC deferred gain.

The change in deferred gain on retroactive reinsurance for the six months ended June 30, 2025 is comprised of a $ 56 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.

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

Re-estimates of prior accident year reserves for the six months ended June 30, 2026

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

General liability reserves were increased for the three months ended March 31, 2026 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.

In addition, reserves were increased for the three months ended June 30, 2026, primarily to reflect a higher frequency of large losses in excess casualty and umbrella lines across multiple accident years.

Commercial property reserves were decreased within accident years 2021 to 2025 as a result of lower than expected severity.

Bond reserves were decreased primarily due to favorable development on commercial and contract surety and fidelity bonds driven by accident years 2022 and prior.

Commercial automobile liability reserves were increased primarily due to adverse loss development within accident years 2023 and 2024, driven by higher severity than previously estimated.

Personal automobile liability reserves were decreased primarily within accident years 2021 to 2024 as a result of lower than expected severity and lower estimated allocated loss adjustment expenses.

Homeowners reserves were decreased primarily due to favorable severity impacting accident years 2023 to 2025.

Catastrophe reserves were decreased across Business Insurance and Personal Insurance, primarily within accident years 2021 to 2024, driven by lower than expected development on hail and hurricane claims.

Other reserve re-estimates, net, were decreased due to lower than expected severity on Personal Insurance automobile physical damage for accident year 2025, partially offset by unfavorable development from participation in involuntary market pools.

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

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 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.

Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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.

The Company has two ADC reinsurance agreements 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 Company had previously ceded all available limits under the agreements.

As such, no remaining limit was available under the A&E ADC as of December 31, 2025, and no remaining limit was available under the Navigators' ADC as of December 31, 2023.

During the three months ended March 31, 2026, the Company collected 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.

Subsequently during the first quarter of 2026, NICO suspended any further 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.

The deferred gain on the A&E ADC was $ 814 and $ 850 , as of June 30, 2026 and December 31, 2025, respectively, and is included in other liabilities on the Condensed Consolidated Balance Sheets.

During the three and six months ended June 30, 2025, the Company collected recoveries from NICO under the Navigators ADC and, as a result, amortized $ 24 and $ 56 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

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Group Life, Disability and Accident Products

Rollforward of Liabilities for Unpaid Losses and Loss Adjustment Expenses

For the three months ended March 31,

For the six months ended June 30,

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 $ 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.

[2] Includes unallocated loss adjustment expenses ("ULAE") of $ 93 and $ 88 for the six months ended June 30, 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 six months ended June 30, 2026

Group disability - Prior period reserve estimates decreased by approximately $ 227 driven by favorable long-term disability claim recoveries and a higher New York paid family leave risk adjustment benefit than expected.

Group life and accident (including group life premium waiver) - Prior period reserve estimates decreased by approximately $ 55 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 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

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 six months ended June 30, 2025

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

Group life and accident (including group life premium waiver)- Prior period reserve estimates decreased by approximately $ 69 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.

Reserve for Future Policy Benefits

Rollforward of Reserve for Future Policy Benefits

For the three months ended March 31,

For the six months ended June 30,

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

18 unchanged sentences

Net Reserve for Future Policy Benefits

As of March 31,

As of June 30,

Payout Annuities $ 119 $ 124

3 unchanged sentences

Total $ 447 $ 443

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 March 31,

As of June 30,

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 March 31,

As of June 30,

Payout Annuities

6 unchanged sentences

Current discount rate 5.1 % 5.0 %

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

Gross premiums and interest accretion recognized on long-duration insurance policies for the six months ended June 30, 2026 and 2025 were immaterial.

Other Policyholder Funds and Benefits Payable

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

Other policyholder funds and benefits payable of $ 606 and $ 612 as of June 30, 2026 and 2025 respectively, included universal life long-duration contracts of $ 188 and $ 201 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 three months ended March 31,

For the six months ended June 30,

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 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

As of June 30, 2026 and 2025, universal life contracts of $ 187 and $ 199 , 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)

The effective tax rate was 20.4 % and 19.7 % for the three and six months ended June 30, 2026 and 20.1 % and 19.8 % for the three and six months ended June 30, 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.

The Company's effective tax rate is based on income from continuing operations.

See Note 17 - Discontinued Operations of Notes to Condensed Consolidated Financial Statements for information on tax impacts from discontinued operations.

Commitments and Contingencies

4 unchanged sentences

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 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.

Subject to the uncertainties related to sexual molestation and sexual abuse claims, 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.

8 unchanged sentences

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.

8 unchanged sentences

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

Note 13 - Commitments and Contingencies

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

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

3 unchanged sentences

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.

3 unchanged sentences

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 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.

For its Run-off A&E claims, as of June 30, 2026, the Company reported $ 281 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.

Adjustment Expenses of Notes to Consolidated Financial Statements included in the Company's 2025 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

Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical agencies, of the individual legal entity that entered into the derivative agreement.

Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings, as set by nationally recognized statistical rating organizations, of the individual legal entity that entered into the derivative agreement.

If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could, in certain instances, terminate the agreements and demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement.

1 unchanged sentence

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 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.

The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of June 30, 2026 was $ 47 for which the legal entities have posted collateral of $ 38 in the normal course of business.

Based on derivative contractual terms as of June 30, 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.

3 unchanged sentences

Equity 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.

During the six months ended June 30, 2026 and 2025, the Company repurchased $ 900 ( 6.7 million shares) and $ 800 ( 6.8 million shares), respectively, of common stock under Board authorized share repurchase programs covering the applicable periods.

As of June 30, 2026, the Company has $ 648 remaining for equity repurchases under the current $ 3.3 billion share repurchase program, which is effective until December 31, 2026.

During the period July 1, 2026 through July 22, 2026, the Company repurchased $ 109 ( 0.8 million common shares) under this repurchase program.

In addition to the authorization covering the period from August 1, 2024 to December 31, 2026, the Board of Directors approved a share repurchase authorization for up to $ 4.2 billion effective from August 1, 2026 to December 31, 2028.

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 .

3 unchanged sentences

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

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

Changes in AOCI, Net of Tax for the Three Months Ended June 30, 2026

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,

6 unchanged sentences

Ending balance $ ( 942 ) $ ( 3 ) $ ( 16 ) $ 42 $ 26 $ ( 1,478 ) $ ( 2,371 )

Changes in AOCI, Net of Tax for the Six Months Ended June 30, 2026

Beginning balance $ ( 641 ) $ ( 3 ) $ 16 $ 42 $ 24 $ ( 1,495 ) $ ( 2,057 )

OCI before reclassifications ( 419 ) — ( 33 ) — 3 1 ( 448 )

Amounts reclassified from AOCI 38 — ( 8 ) — — 21 51

OCI, before tax ( 381 ) — ( 41 ) — 3 22 ( 397 )

Income tax benefit (expense) 80 — 9 — ( 1 ) ( 5 ) 83

OCI, net of tax ( 301 ) — ( 32 ) — 2 17 ( 314 )

Ending balance $ ( 942 ) $ ( 3 ) $ ( 16 ) $ 42 $ 26 $ ( 1,478 ) $ ( 2,371 )

Note 15 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Reclassifications from AOCI

Three Months Ended March 31, 2026 Affected Line Item in the Condensed Consolidated Statement of Operations

Three Months Ended June 30, 2026 Six Months Ended June 30, 2026 Affected Line Item in the Condensed Consolidated Statement of Operations

Net Unrealized Gain (Loss) on Fixed Maturities, AFS

17 unchanged sentences

Total amounts reclassified from AOCI $ ( 26 ) $ ( 41 ) Net income

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

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

6 unchanged sentences

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

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

Beginning balance $ ( 1,539 ) $ ( 6 ) $ 40 $ 29 $ 33 $ ( 1,443 ) $ ( 2,886 )

OCI before reclassifications 610 1 ( 36 ) 20 ( 5 ) — 590

Amounts reclassified from AOCI 36 — ( 7 ) — — 16 45

OCI, before tax 646 1 ( 43 ) 20 ( 5 ) 16 635

Income tax benefit (expense) ( 136 ) — 9 ( 4 ) 1 ( 3 ) ( 133 )

OCI, net of tax 510 1 ( 34 ) 16 ( 4 ) 13 502

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

Note 15 - Accumulated Other Comprehensive Income (Loss)

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Reclassifications from AOCI

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

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

Net Unrealized Gain (Loss) on Fixed Maturities, AFS

17 unchanged sentences

Total amounts reclassified from AOCI $ ( 25 ) $ ( 35 ) Net income

Note 16 - Employee Benefit Plans

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Employee Benefit Plans

7 unchanged sentences

Pension Benefits Other Postretirement Benefits

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

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

2026 2025 2026 2025 2026 2025 2026 2025

5 unchanged sentences

Net periodic cost (benefit) $ ( 7 ) $ ( 8 ) $ ( 13 ) $ ( 16 ) $ 1 $ 1 $ 2 $ 2

Note 17 - Discontinued Operations

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Discontinued Operations

Sale of Hartford Funds Business

On June 3, 2026, the Company and Wellington Management ("Wellington") entered into a definitive agreement under which Wellington will acquire Hartford Funds Management Group, Inc.

("Hartford Funds"), a subsidiary of Hartford Holdings, Inc.

This transaction represents an exit from the Company's mutual fund, exchange-traded funds and third-party life and annuity separate account asset management business.

Under the terms of the agreement, Wellington will operate Hartford Funds and serve as investment advisor to all funds following closing.

Transaction consideration consists of $ 300 of cash payable at closing and contingent consideration in the form of quarterly payments representing 95 % of after tax available cash generated by the combination of Hartford Funds’ business and Wellington’s business supporting Hartford Funds, including the sale of certain other Wellington-sponsored products in the U.S.

wealth market, for an expected period of seven years following closing, which period may be shortened or extended based on specified performance thresholds.

Beginning five years after closing, if the net present value ("NPV") of the quarterly cash flows, discounted at 11 %, together with the upfront proceeds, equals or exceeds $ 2.1 billion, quarterly payment obligations will terminate.

If, at the end of the initial seven-year period, the NPV of the quarterly cash flows, discounted at 11 %, together with the upfront proceeds, is less than $ 1.5 billion, quarterly payments will continue until the earlier of the quarter in which the $ 1.5 billion threshold is met or the end of eight additional quarters.

During the term of the contingent consideration, the Company will retain certain limited protective and information rights designed to preserve the value of the contingent payments;

however, such rights do not provide the Company with the ability to direct the activities that most significantly impact the economic performance of the business.

In addition, the Company expects to provide transition services for a limited period following closing.

Upon being classified as held for sale, the Hartford Funds reporting unit goodwill of $ 272 was tested for impairment.

fair value of the reporting unit significantly exceeded its carrying value;

therefore, no impairment was recognized.

The estimated fair value incorporates multiple inputs into discounted cash flow calculations including assumptions that market participants would make in valuing the reporting unit.

Assumptions include projected growth, earnings forecasts, assets under management, and the weighted average cost of capital used for the purposes of discounting.

Upon being classified as held for sale in the second quarter of 2026, the Company recognized a $ 251 deferred tax asset and related income tax benefit within discontinued operations associated with the transaction representing the difference between the tax basis and U.S.

GAAP carrying value of Hartford Funds.

Prior to closing, the Company expects to receive a pre-closing dividend of approximately $ 170 from Hartford Funds, subject to market and operating performance through closing.

At closing, the Company expects to recognize an estimated after tax realized loss of approximately $ 150 in discontinued operations, reflecting the difference between the carrying value of Hartford Funds and the cash consideration recognized upon deconsolidation, subject to future operating performance and market conditions.

The Company will account for the contingent consideration as a gain contingency, which is not deemed realizable until it is received, and therefore is not recognized on the closing date.

Following closing, contingent consideration payments will be made to the Company on a quarterly basis and recognized in net income in the period received.

The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions, including regulatory and fund approvals.

Hartford Funds has met the criteria for reporting as discontinued operations and is reported in the Corporate category until closing.

Major Classes of Assets and Liabilities to be Transferred to the Buyer in Connection with the Sale

Carrying Value

as of June 30, 2026 Carrying Value

as of December 31, 2025

Cash and investments $ 515 $ 473

Goodwill 272 272

Other assets 114 119

Total assets held for sale $ 901 $ 864

Deferred income taxes $ 32 $ 32

Other liabilities 148 144

Total liabilities held for sale $ 180 $ 176

Note 17 - Discontinued Operations

The Hartford Insurance Group, Inc.

Notes To Condensed Consolidated Financial Statements (continued)

Reconciliation of the Major Line Items Constituting Pretax Profit of Discontinued Operations

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

2026 2025 2026 2025

Fee income $ 295 $ 256 $ 578 $ 516

Net investment income 5 6 10 10

Net realized gains 7 9 5 9

Total revenues 307 271 593 535

Benefits, losses and expenses

Insurance operating costs and other expenses [1] 222 199 441 404

Total benefits, losses and expenses 222 199 441 404

Income from discontinued operations before income taxes 85 72 152 131

Income tax expense (benefit) ( 233 ) 15 ( 218 ) 28

Income from discontinued operations, net of tax $ 318 $ 57 $ 370 $ 103

[1] Corporate allocated overhead has been included in continuing operations.

Cash Flows from Discontinued Operations

Six Months Ended June 30,

Net cash provided by operating activities from discontinued operations $ 95 $ 86

Net cash used for investing activities from discontinued operations $ ( 10 ) $ ( 3 )

Index to MD&A

2 unchanged sentences

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

What changed 10-Q

Item 1. Financial Statements