The Hartford Insurance Group, Inc.

As of October 24, 2025

Address:

One Hartford Plaza

A.M. Best

Standard & Poor’s

Moody’s

Hartford, CT 06155

Insurance Financial Strength Ratings:

Hartford Fire Insurance Company

A+

AA-

Aa3

Hartford Life and Accident Insurance Company

A+

AA-

Navigators Insurance Company

A+

AA-

- Hartford Fire Insurance Company and Hartford Life and Accident Insurance Company ratings are on stable outlook at A.M. Best, Standard and Poor's and Moody's

'- Navigators Insurance Company ratings are on stable outlook at A.M. Best and Standard and Poor's

Internet address:

NR - Not Rated

http://www.thehartford.com

Other Ratings:

Contact:

Senior debt

A-

Kate Jorens

Junior subordinated debentures

bbb+

BBB

Baa1

SVP, Treasurer & Head of Investor Relations

Preferred stock

bbb+

BBB

Baa2

Phone (860) 547-4066

-The Hartford Insurance Group, Inc. senior debt, junior subordinated debentures, and preferred stock are on stable outlook at A.M. Best, Standard and Poor’s and Moody’s

Transfer Agent

Stockholder correspondence should be mailed to:

Overnight correspondence should be mailed to:

Computershare

P.O. Box 505000

462 South 4th Street, Suite 1600

Louisville, KY 40233

Louisville, KY 40202

Common stock and preferred stock of The Hartford Insurance Group, Inc. are traded on the New York Stock Exchange under the symbols “HIG” and "HIG PR G", respectively. This report is for information purposes only. It should be read in conjunction with documents filed by The Hartford Insurance Group, Inc. with the U.S. Securities and Exchange Commission, including, without limitation, the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

The Hartford Insurance Group, Inc.

Investor Financial Supplement

Table of Contents


Consolidated	Consolidated Financial Results	1
	Consolidated Statements of Operations	2
	Operating Results by Segment	3
	Consolidating Balance Sheets	4
	Capital Structure	5
	Statutory Capital to GAAP Stockholders’ Equity Reconciliation	6
	Accumulated Other Comprehensive Income (Loss)	7

Property & Casualty	Property & Casualty Income Statements	8
	Property & Casualty Income Statements (Continued)	9
	Property & Casualty Underwriting Ratios	10
	Business Insurance Income Statements	11
	Business Insurance Income Statements (Continued)	12
	Business Insurance Underwriting Ratios	13
	Business Insurance Supplemental Data	14
	Personal Insurance Income Statements	15
	Personal Insurance Income Statements (Continued)	16
	Personal Insurance Underwriting Ratios	17
	Personal Insurance Supplemental Data	18
	Personal Insurance Supplemental Data (Continued)	19
	P&C Other Operations Income Statements	20

Employee Benefits	Income Statements	21
	Supplemental Data	22

Hartford Funds	Income Statements	23
	Asset Value Rollforward - Assets Under Management By Asset Class	24


Corporate	Income Statements	25


Investments	Investment Income Before Tax - Consolidated	26
	Investment Income Before Tax - Property & Casualty	27
	Investment Income Before Tax - Employee Benefits	28
	Net Investment Income	29
	Components of Net Realized Gains (Losses)	30
	Composition of Invested Assets	31
	Invested Asset Exposures	32

Appendix	Basis of Presentation and Definitions	33
	Discussion of Non-GAAP Financial Measures	34

Table of Contents

The Hartford Insurance Group, Inc.

Consolidated Financial Results


	Three Months Ended																					Nine Months Ended
	Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024				Sept 30 2025		Sept 30 2024
Highlights
Net income	$	1,080		$	995		$	630		$	853		$	767		$	738		$	753			$	2,705	$	2,258
Net income available to common stockholders [1]	$	1,074		$	990		$	625		$	848		$	761		$	733		$	748			$	2,689	$	2,242
Core earnings*	$	1,077		$	981		$	639		$	865		$	752		$	750		$	709			$	2,697	$	2,211
Total revenues	$	7,232		$	6,987		$	6,810		$	6,879		$	6,751		$	6,486		$	6,419			$	21,029	$	19,656
Total assets	$	84,995		$	83,639		$	82,307		$	80,917		$	81,219		$	79,046		$	77,710
Per Share and Shares Data
Basic earnings per common share

Net income available to common stockholders	$	3.82		$	3.49		$	2.18		$	2.93		$	2.60		$	2.48		$	2.51			$	9.48	$	7.59
Core earnings*	$	3.83		$	3.46		$	2.23		$	2.99		$	2.57		$	2.54		$	2.38			$	9.51	$	7.48
Diluted earnings per common share

Net income available to common stockholders	$	3.77		$	3.44		$	2.15		$	2.88		$	2.56		$	2.44		$	2.47			$	9.34	$	7.47
Core earnings*	$	3.78		$	3.41		$	2.20		$	2.94		$	2.53		$	2.50		$	2.34			$	9.37	$	7.37
Weighted average common shares outstanding (basic)	280.9			283.7			286.6			289.3			292.6			295.5			298.1				283.7		295.4
Dilutive effect of stock compensation	4.1			4.0			4.2			4.9			4.9			4.4			4.5				4.1		4.6
Weighted average common shares outstanding and dilutive potential common shares (diluted)	285.0			287.7			290.8			294.2			297.5			299.9			302.6				287.8		300.0
Common shares outstanding	279.6			282.3			285.1			287.6			290.8			294.0			296.8
Book value per common share	$	64.79		$	60.87		$	57.91		$	56.03		$	57.34		$	52.20		$	50.99
Per common share impact of accumulated other comprehensive income [2]	7.17			8.45			9.05			10.03			6.89			10.43			10.10
Book value per common share (excluding AOCI)*	$	71.96		$	69.32		$	66.96		$	66.06		$	64.23		$	62.63		$	61.09
Book value per diluted share	$	63.86		$	60.02		$	57.07		$	55.09		$	56.39		$	51.43		$	50.23
Per diluted share impact of AOCI	7.06			8.33			8.92			9.86			6.78			10.28			9.95
Book value per diluted share (excluding AOCI)*	$	70.92		$	68.35		$	65.99		$	64.95		$	63.17		$	61.71		$	60.18
Common shares outstanding and dilutive potential common shares	283.7			286.3			289.3			292.5			295.7			298.4			301.3
Return on Common Stockholders' Equity ("ROE") [3]
Net income available to common stockholders' ROE ("Net income ROE")	20.3		%	19.8		%	18.8		%	19.9		%	20.0		%	19.8		%	18.5		%
Core earnings ROE*	18.4		%	17.0		%	16.2		%	16.7		%	17.4		%	17.4		%	16.6		%

[1]Net income available to common stockholders includes the impact of preferred stock dividends.

[2]Accumulated other comprehensive income ("AOCI") represents net of tax unrealized gain (loss) on fixed maturities, net gain (loss) on cash flow hedging instruments, foreign currency translation adjustments, liability for future policy benefits adjustments, and pension and other postretirement benefit plan adjustments.

[3]For reconciliation of Net income ROE to Core earnings ROE, see Appendix beginning on page 33.

Table of Contents

The Hartford Insurance Group, Inc.

Consolidated Statements of Operations


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Earned premiums	$	6,093	$	5,961	$	5,835	$	5,809	$	5,734	$	5,578	$	5,446		$	17,889	$	16,758
Fee income	361		342		346		354		347		339		333			1,049		1,019
Net investment income	759		664		656		714		659		602		593			2,079		1,854
Net realized gains (losses)	(12)		(10)		(49)		(17)		(13)		(59)		28			(71)		(44)
Other revenues	31		30		22		19		24		26		19			83		69
Total revenues	7,232		6,987		6,810		6,879		6,751		6,486		6,419			21,029		19,656
Benefits, losses and loss adjustment expenses	3,793		3,712		4,000		3,779		3,823		3,661		3,611			11,505		11,095
Amortization of deferred policy acquisition costs ("DAC")	639		625		607		591		585		561		545			1,871		1,691
Insurance operating costs and other expenses	1,414		1,337		1,352		1,367		1,323		1,285		1,283			4,103		3,891

Interest expense	50		50		50		50		49		50		50			150		149
Amortization of other intangible assets	18		17		18		18		18		17		18			53		53
Restructuring and other costs [1]	—		—		—		—		1		—		1			—		2
Total benefits, losses and expenses	5,914		5,741		6,027		5,805		5,799		5,574		5,508			17,682		16,881
Income before income taxes	1,318		1,246		783		1,074		952		912		911			3,347		2,775
Income tax expense	238		251		153		221		185		174		158			642		517


Net income	1,080		995		630		853		767		738		753			2,705		2,258
Preferred stock dividends	6		5		5		5		6		5		5			16		16
Net income available to common stockholders	1,074		990		625		848		761		733		748			2,689		2,242
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	10		10		47		16		12		58		(30)			67		40
Restructuring and other costs, before tax [1]	—		—		—		—		1		—		1			—		2

Integration and other non-recurring M&A costs, before tax [2]	2		2		2		2		2		2		2			6		6

Change in deferred gain on retroactive reinsurance, before tax [3]	(8)		(24)		(32)		4		(26)		(37)		(24)			(64)		(87)
Income tax expense (benefit) [4]	(1)		3		(3)		(5)		2		(6)		12			(1)		8

Core earnings	$	1,077	$	981	$	639	$	865	$	752	$	750	$	709		$	2,697	$	2,211

[1]Represents restructuring costs related to the Company's Hartford Next operational transformation and cost reduction plan.

[2]Includes integration costs in connection with the 2019 acquisition of Navigators Group.

[3]The Company recorded amortization of the deferred gain related to the Navigators adverse development cover ("Navigators ADC") of $8 and $64 for the three and nine months ended September 30, 2025 and $26 and $87 for the three and nine months ended September 30, 2024, respectively. The deferred gain has been fully amortized as of September 30, 2025.

[4]Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

Table of Contents

The Hartford Insurance Group, Inc.

Operating Results By Segment


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Net income (loss):
Business Insurance	$	710	$	696	$	477	$	708	$	528	$	540	$	573		$	1,883	$	1,641
Personal Insurance	139		91		5		154		31		(11)		34			235		54
Property & Casualty Other Operations ("P&C Other Operations")	12		13		13		(156)		10		11		8			38		29
Property & Casualty ("P&C")	861		800		495		706		569		540		615			2,156		1,724
Employee Benefits	144		150		133		126		156		171		108			427		435
Hartford Funds	57		54		43		49		54		44		45			154		143
Sub-total	1,062		1,004		671		881		779		755		768			2,737		2,302
Corporate	18		(9)		(41)		(28)		(12)		(17)		(15)			(32)		(44)
Net income	1,080		995		630		853		767		738		753			2,705		2,258
Preferred stock dividends	6		5		5		5		6		5		5			16		16
Net income available to common stockholders	$	1,074	$	990	$	625	$	848	$	761	$	733	$	748		$	2,689	$	2,242

Core earnings (loss):
Business Insurance	$	723	$	697	$	471	$	665	$	534	$	551	$	546		$	1,891	$	1,631
Personal Insurance	143		94		6		155		33		(4)		33			243		62
P&C Other Operations	14		14		13		(106)		10		14		7			41		31
P&C	880		805		490		714		577		561		586			2,175		1,724
Employee Benefits	149		163		136		139		154		178		107			448		439
Hartford Funds	53		46		44		51		47		43		41			143		131
Sub-total	1,082		1,014		670		904		778		782		734			2,766		2,294
Corporate	(5)		(33)		(31)		(39)		(26)		(32)		(25)			(69)		(83)
Core earnings	$	1,077	$	981	$	639	$	865	$	752	$	750	$	709		$	2,697	$	2,211

Table of Contents

The Hartford Insurance Group, Inc.

Consolidating Balance Sheets


	Property & Casualty				Employee Benefits				Hartford Funds				Corporate [1]				Consolidated
	Sept 30 2025		Dec 31 2024		Sept 30 2025		Dec 31 2024		Sept 30 2025		Dec 31 2024		Sept 30 2025		Dec 31 2024		Sept 30 2025		Dec 31 2024
Investments
Fixed maturities, available-for-sale ("AFS"), at fair value	$	36,952	$	34,421	$	8,059	$	7,959	$	—	$	—	$	192	$	187	$	45,203	$	42,567
Fixed maturities, at fair value using the fair value option	144		254		47		54		—		—		—		—		191		308
Equity securities, at fair value	149		212		34		46		117		109		270		236		570		603
Mortgage loans, net	5,037		4,751		1,582		1,645		—		—		—		—		6,619		6,396
Limited partnerships and other alternative investments	4,297		3,974		1,148		1,068		—		—		115		—		5,560		5,042
Other investments	200		168		6		6		—		52		—		—		206		226
Short-term investments	2,295		2,075		297		389		361		291		1,266		1,313		4,219		4,068
Total investments	49,074		45,855		11,173		11,167		478		452		1,843		1,736		62,568		59,210
Cash	115		148		11		26		11		9		13		—		150		183
Restricted cash	54		42		2		9		—		—		—		—		56		51
Accrued investment income	371		352		99		92		—		1		2		5		472		450
Premiums receivable and agents’ balances, net	5,983		5,390		572		608		—		—		—		—		6,555		5,998
Reinsurance recoverables, net [2]	6,581		6,626		289		290		—		—		221		224		7,091		7,140
Deferred policy acquisition costs ("DAC")	1,347		1,206		32		33		—		—		—		—		1,379		1,239
Deferred income taxes	475		746		(39)		33		1		2		429		448		866		1,229
Goodwill	778		778		723		723		181		181		229		229		1,911		1,911
Property and equipment, net	820		778		61		62		5		6		39		42		925		888
Other intangible assets	288		310		286		317		10		10		—		—		584		637
Other assets	1,702		1,411		195		142		99		100		442		328		2,438		1,981
Total assets	$	67,588	$	63,642	$	13,404	$	13,502	$	785	$	761	$	3,218	$	3,012	$	84,995	$	80,917
Unpaid losses and loss adjustment expenses	$	37,739	$	36,404	$	8,081	$	8,206	$	—	$	—	$	—	$	—	$	45,820	$	44,610
Reserves for future policy benefits [2]	—		—		293		290		—		—		163		158		456		448
Other policyholder funds and benefits payable [2]	—		—		410		401		—		—		204		213		614		614
Unearned premiums	10,326		9,368		47		40		—		—		—		—		10,373		9,408
Debt	—		—		—		—		—		—		4,370		4,366		4,370		4,366
Other liabilities	2,788		2,796		136		219		160		173		1,828		1,836		4,912		5,024
Total liabilities	50,853		48,568		8,967		9,156		160		173		6,565		6,573		66,545		64,470
Common stockholders' equity, excluding AOCI*	17,171		16,206		4,622		4,706		625		588		(2,299)		(2,501)		20,119		18,999
Preferred stock	—		—		—		—		—		—		334		334		334		334
AOCI, net of tax	(436)		(1,132)		(185)		(360)		—		—		(1,382)		(1,394)		(2,003)		(2,886)
Total stockholders' equity	16,735		15,074		4,437		4,346		625		588		(3,347)		(3,561)		18,450		16,447
Total liabilities and stockholders' equity	$	67,588	$	63,642	$	13,404	$	13,502	$	785	$	761	$	3,218	$	3,012	$	84,995	$	80,917

[1]Corporate includes fixed maturities, short-term investments, investment sales receivable and cash of approximately $1.3 billion as of both September 30, 2025 and December 31, 2024, held by the holding company of The Hartford Insurance Group, Inc. Corporate also includes investments held by Hartford Life and Accident Insurance Company ("HLA") that support reserves for run-off structured settlement and terminal funding agreement liabilities.

[2]Corporate includes retained reserves and reinsurance recoverables for the run-off life and annuity business sold in May 2018.

Table of Contents

The Hartford Insurance Group, Inc.

Capital Structure


	Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024
Debt

Senior notes	$	3,871		$	3,870		$	3,869		$	3,867		$	3,866		$	3,865		$	3,864
Junior subordinated debentures	499			499			499			499			499			499			499
Total debt	$	4,370		$	4,369		$	4,368		$	4,366		$	4,365		$	4,364		$	4,363
Stockholders' Equity
Total stockholders’ equity	$	18,450		$	17,518		$	16,844		$	16,447		$	17,008		$	15,680		$	15,468
Less: Preferred stock	334			334			334			334			334			334			334
Less: AOCI	(2,003)			(2,384)			(2,580)			(2,886)			(2,005)			(3,068)			(2,997)
Common stockholders' equity, excluding AOCI	$	20,119		$	19,568		$	19,090		$	18,999		$	18,679		$	18,414		$	18,131
Capitalization
Total capitalization, including AOCI, net of tax	$	22,820		$	21,887		$	21,212		$	20,813		$	21,373		$	20,044		$	19,831
Total capitalization, excluding AOCI, net of tax*	$	24,823		$	24,271		$	23,792		$	23,699		$	23,378		$	23,112		$	22,828
Debt to Capitalization Ratios
Total debt to capitalization, including AOCI	19.1		%	20.0		%	20.6		%	21.0		%	20.4		%	21.8		%	22.0		%
Total debt to capitalization, excluding AOCI*	17.6		%	18.0		%	18.4		%	18.4		%	18.7		%	18.9		%	19.1		%
Total debt and preferred stock to capitalization, including AOCI	20.6		%	21.5		%	22.2		%	22.6		%	22.0		%	23.4		%	23.7		%
Total debt and preferred stock to capitalization, excluding AOCI*	19.0		%	19.4		%	19.8		%	19.8		%	20.1		%	20.3		%	20.6		%
Total rating agency adjusted debt to capitalization [1] [2]	20.0		%	20.8		%	21.5		%	21.8		%	21.3		%	22.7		%	22.9		%
Fixed Charge Coverage Ratios
Total earnings to total fixed charges [3]	20.3:1			18.8:1			14.7:1			17.9:1			17.3:1			17.1:1			17.1:1

[1]The leverage calculation reflects adjustments, as applicable, related to defined benefit plans' unfunded pension liability, lease liabilities and uncollateralized letters of credit for Lloyd's of London for a total adjustment of $0.3 billion as of both September 30, 2025 and 2024.

[2]Results reflect 50% equity credit for the Company's outstanding junior subordinated debentures and the Company’s outstanding preferred stock based on the rating agency methodology.

[3]Calculated as year to date total earnings divided by year to date total fixed charges. Total earnings represent income before income taxes and total fixed charges (excluding the impact of preferred stock dividends), less undistributed earnings from limited partnerships and other alternative investments. Total fixed charges include interest expense, preferred stock dividends, interest factor attributable to rent expense, capitalized interest and amortization of debt issuance costs.

Table of Contents

The Hartford Insurance Group, Inc.

Statutory Capital To GAAP Stockholders' Equity Reconciliation

September 30, 2025


	P&C		Employee Benefits
U.S. statutory net income [1][2]	$	1,943	$	450
U.S. statutory capital [2][3][4]	$	14,125	$	2,639
U.S. GAAP adjustments [2]:
DAC	1,296		32
Non-admitted deferred tax assets [5]	236		152
Deferred taxes [6]	(446)		(353)
Goodwill	115		723
Other intangible assets	14		286
Non-admitted assets other than deferred taxes	839		104
Asset valuation and interest maintenance reserve	—		261
Benefit reserves	(61)		412
Unrealized losses on investments	(605)		(500)
Deferred gain on retroactive reinsurance agreements [7]	(850)		—
Other, net	920		681
U.S. GAAP stockholders’ equity of U.S. insurance entities [2]	15,583		4,437
U.S. GAAP stockholders’ equity of international subsidiaries as well as goodwill and other intangible assets related to the acquisition of Navigators Group	1,152		—
Total U.S. GAAP stockholders’ equity	$	16,735	$	4,437

[1]Statutory net income is for the nine months ended September 30, 2025.

[2]Excludes insurance operations based in the U.K.

[3]For reporting purposes, statutory capital and surplus is referred to collectively as "statutory capital."

[4]The statutory capital for property and casualty insurance subsidiaries in this table does not include the value of an intercompany note owed by Hartford Holdings, Inc. ("HHI") to Hartford Fire Insurance Company.

[5]Represents the limitations on the recognition of deferred tax assets under U.S. statutory accounting principles ("U.S. STAT").

[6]Represents the tax timing differences between U.S. GAAP and U.S. STAT.

[7]Represents the deferred gain on retroactive reinsurance associated with U.S. entities for losses ceded to the asbestos and environmental adverse development cover ("A&E ADC") agreement that is recognized within a special category of surplus under U.S. STAT but is recorded within other liabilities under U.S. GAAP.

Table of Contents

The Hartford Insurance Group, Inc.

Accumulated Other Comprehensive Income (Loss)


	As Of
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024
Net unrealized loss on fixed maturities, AFS	$	(656)	$	(1,029)	$	(1,237)	$	(1,539)	$	(671)	$	(1,732)	$	(1,642)
Unrealized loss on fixed maturities, AFS with allowance for credit losses ("ACL")	(3)		(5)		(6)		(6)		(5)		(7)		(7)
Net gains on cash flow hedging instruments	15		6		40		40		33		30		21
Total net unrealized gain (loss)	(644)		(1,028)		(1,203)		(1,505)		(643)		(1,709)		$	(1,628)
Foreign currency translation adjustments	43		45		29		29		41		35		36
Liability for future policy benefits adjustments	22		29		30		33		19		35		30
Pension and other postretirement plan adjustments	(1,424)		(1,430)		(1,436)		(1,443)		(1,422)		(1,429)		(1,435)
Total AOCI	$	(2,003)	$	(2,384)	$	(2,580)	$	(2,886)	$	(2,005)	$	(3,068)	$	(2,997)

Table of Contents

The Hartford Insurance Group, Inc.

Property & Casualty

Income Statements


	Three Months Ended																					Nine Months Ended
	Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024				Sept 30 2025		Sept 30 2024
Written premiums	$	4,560		$	4,796		$	4,599		$	4,045		$	4,245		$	4,453		$	4,206			$	13,955	$	12,904
Change in unearned premium reserve	70			441			376			(164)			111			483			345				887		939
Earned premiums	4,490			4,355			4,223			4,209			4,134			3,970			3,861				13,068		11,965
Fee income	19			19			19			19			19			19			19				57		57
Losses and loss adjustment expenses
Current accident year before catastrophes	2,661			2,537			2,454			2,426			2,464			2,347			2,300				7,652		7,111
Current accident year catastrophes [1]	70			212			467			80			247			280			161				749		688
Prior accident year development [2]	(103)			(187)			(122)			101			(50)			(115)			(56)				(412)		(221)
Total losses and loss adjustment expenses	2,628			2,562			2,799			2,607			2,661			2,512			2,405				7,989		7,578
Amortization of DAC	631			616			599			583			577			552			536				1,846		1,665
Insurance operating costs	728			681			696			689			669			655			642				2,105		1,966
Amortization of other intangible assets	8			7			8			8			8			7			8				23		23
Dividends to policyholders	12			11			10			10			10			9			10				33		29
Underwriting gain*	502			497			130			331			228			254			279				1,129		761
Net investment income	605			526			512			562			518			471			459				1,643		1,448
Net realized gains (losses)	(30)			(26)			(26)			(9)			(34)			(61)			13				(82)		(82)
Net servicing and other income (expense)	3			4			4			2			—			5			2				11		7
Income before income taxes	1,080			1,001			620			886			712			669			753				2,701		2,134
Income tax expense	219			201			125			180			143			129			138				545		410


Net income	861			800			495			706			569			540			615				2,156		1,724
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	28			28			24			6			33			62			(15)				80		80

Integration and other non-recurring M&A costs, before tax	2			2			2			2			2			2			2				6		6

Change in deferred gain on retroactive reinsurance, before tax [2]	(8)			(24)			(32)			4			(26)			(37)			(24)				(64)		(87)
Income tax expense (benefit) [3]	(3)			(1)			1			(4)			(1)			(6)			8				(3)		1
Core earnings	$	880		$	805		$	490		$	714		$	577		$	561		$	586			$	2,175	$	1,724
ROE
Net income available to common stockholders [4]	21.5		%	20.6		%	18.8		%	20.5		%	19.9		%	19.9		%	18.5		%
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	0.7		%	0.8		%	1.1		%	0.8		%	1.1		%	1.2		%	1.1		%

Integration and other non-recurring M&A costs, before tax	0.1		%	0.1		%	0.1		%	0.1		%	0.1		%	0.1		%	0.1		%

Change in deferred gain on retroactive reinsurance, before tax [2]	(0.5		%)	(0.7		%)	(0.8		%)	(0.7		%)	1.0		%	1.3		%	1.6		%
Income tax benefit [3]	(0.1		%)	—		%	(0.1		%)	—		%	(0.4		%)	(0.5		%)	(0.6		%)

Impact of AOCI, excluded from core earnings ROE	(1.0		%)	(2.0		%)	(1.8		%)	(2.3		%)	(2.7		%)	(3.1		%)	(2.6		%)
Core earnings [4]	20.7		%	18.8		%	17.3		%	18.4		%	19.0		%	18.9		%	18.1		%

[1]The three months ended September 30, 2024 included $104 of losses, net of reinsurance, from Hurricane Helene, including $55 in Business Insurance and $49 in Personal Insurance.

[2]Refer to [3] on page 2 for more information about the change in deferred gain on retroactive reinsurance.

[3]Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

[4]Net income ROE and Core earnings ROE are calculated by allocating a portion of debt, interest expense, preferred stock and preferred stock dividends accounted for within Corporate to Property & Casualty.

Table of Contents

The Hartford Insurance Group, Inc.

Property & Casualty

Income Statements (Continued)

Prior accident year development included the following unfavorable (favorable) reserve development:


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Workers’ compensation	$	(62)	$	(61)	$	(65)	$	(70)	$	(69)	$	(52)	$	(67)		$	(188)	$	(188)
Workers' compensation discount accretion	11		11		12		10		11		11		12			34		34
General liability	—		—		—		130		32		32		17			—		81
Marine	—		—		—		—		—		(8)		7			—		(1)
Package business	—		—		—		—		(5)		(1)		—			—		(6)
Commercial property	(5)		(20)		(3)		—		(2)		(2)		(3)			(28)		(7)
Professional liability	—		(11)		—		(20)		—		(2)		(5)			(11)		(7)
Bond	—		(22)		—		(34)		—		(22)		—			(22)		(22)
Assumed reinsurance	—		—		—		—		—		15		9			—		24
Commercial automobile liability	—		—		—		21		16		10		—			—		26
Personal automobile liability	(33)		(10)		(12)		(17)		—		(13)		—			(55)		(13)
Homeowners	(5)		(13)		(18)		(13)		(5)		(10)		—			(36)		(15)
Net asbestos and environmental reserves	—		—		—		141		—		—		—			—		—
Catastrophes	—		(39)		—		(49)		—		(38)		—			(39)		(38)
Uncollectible reinsurance	6		—		—		(19)		—		—		—			6		—
Other reserve re-estimates, net [1]	(7)		2		(4)		17		(2)		2		(2)			(9)		(2)
Prior accident year development before change in deferred gain	(95)		(163)		(90)		97		(24)		(78)		(32)			(348)		(134)
Change in deferred gain on retroactive reinsurance included in other liabilities [2]	(8)		(24)		(32)		4		(26)		(37)		(24)			(64)		(87)
Total prior accident year development	$	(103)	$	(187)	$	(122)	$	101	$	(50)	$	(115)	$	(56)		$	(412)	$	(221)

[1]Other reserve re-estimates, net includes a favorable change in automobile physical damage reserves within Personal Insurance of $(6) and $(26) for the three and nine months ended September 30, 2025 and $(10) and $(24) for the three and nine months ended September 30, 2024, respectively.

[2]Refer to [3] on page 2 for more information about the change in deferred gain on retroactive reinsurance.

Table of Contents

The Hartford Insurance Group, Inc.

Property & Casualty

Underwriting Ratios


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Underwriting Gain	$	502	$	497	$	130	$	331	$	228	$	254	$	279		$	1,129	$	761
Underwriting Ratios
Loss and loss adjustment expense ratio	58.5		58.8		66.3		61.9		64.4		63.3		62.3			61.1		63.3
Expense ratio [1]	30.0		29.5		30.4		29.9		29.9		30.1		30.2			30.0		30.1
Policyholder dividend ratio	0.3		0.3		0.2		0.2		0.2		0.2		0.3			0.3		0.2
Combined ratio	88.8		88.6		96.9		92.1		94.5		93.6		92.8			91.4		93.6




Current accident year catastrophes and prior accident year development	0.7		(0.6)		(8.2)		(4.3)		(4.8)		(4.2)		(2.7)			(2.5)		(4.0)
Underlying combined ratio*	89.6		88.0		88.8		87.8		89.7		89.5		90.1			88.8		89.7

Loss and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio*	59.3		58.3		58.1		57.6		59.6		59.1		59.6			58.6		59.4
Current accident year catastrophes	1.6		4.9		11.1		1.9		6.0		7.1		4.2			5.7		5.8
Prior accident year development [2]	(2.3)		(4.3)		(2.9)		2.4		(1.2)		(2.9)		(1.5)			(3.2)		(1.8)

Total loss and loss adjustment expense ratio	58.5		58.8		66.3		61.9		64.4		63.3		62.3			61.1		63.3

[1]Integration and transaction costs related to the acquisition of Navigators Group are not included in the expense ratio.

[2]Refer to [3] on page 2 for more information about the change in deferred gain on retroactive reinsurance.

Table of Contents

The Hartford Insurance Group, Inc.

Business Insurance

Income Statements


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Written premiums	$	3,573	$	3,816	$	3,686	$	3,174	$	3,275	$	3,540	$	3,362		$	11,075	$	10,177
Change in unearned premium reserve	33		392		362		(129)		26		419		314			787		759
Earned premiums	3,540		3,424		3,324		3,303		3,249		3,121		3,048			10,288		9,418
Fee income	11		11		11		10		11		11		11			33		33
Losses and loss adjustment expenses
Current accident year before catastrophes	2,051		1,952		1,891		1,849		1,862		1,750		1,725			5,894		5,337
Current accident year catastrophes [1]	39		114		280		67		155		155		109			433		419
Prior accident year development [2]	(60)		(146)		(83)		(58)		(36)		(81)		(56)			(289)		(173)
Total losses and loss adjustment expenses	2,030		1,920		2,088		1,858		1,981		1,824		1,778			6,038		5,583
Amortization of DAC	559		546		531		516		512		489		476			1,636		1,477
Insurance operating costs	546		507		512		505		497		484		487			1,565		1,468
Amortization of other intangible assets	7		7		7		8		7		7		7			21		21
Dividends to policyholders	12		11		10		10		10		9		10			33		29
Underwriting gain	397		444		187		416		253		319		301			1,028		873

Net investment income	519		449		437		479		442		402		391			1,405		1,235
Net realized gains (losses)	(26)		(20)		(24)		(3)		(32)		(50)		12			(70)		(70)

Other income (expense) [3]	—		(1)		(1)		(1)		(1)		(1)		(2)			(2)		(4)
Income before income taxes	890		872		599		891		662		670		702			2,361		2,034
Income tax expense	180		176		122		183		134		130		129			478		393


Net income	710		696		477		708		528		540		573			1,883		1,641
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	23		23		22		2		31		50		(13)			68		68
Integration and other non-recurring M&A costs, before tax [3]	2		2		2		2		2		2		2			6		6

Change in deferred gain on retroactive reinsurance, before tax [2]	(8)		(24)		(32)		(58)		(26)		(37)		(24)			(64)		(87)

Income tax expense (benefit) [4]	(4)		—		2		11		(1)		(4)		8			(2)		3
Core earnings	$	723	$	697	$	471	$	665	$	534	$	551	$	546		$	1,891	$	1,631

[1]Refer to [1] on page 8 for information about catastrophe losses related to Hurricane Helene for the three months ended September 30, 2024.

[2]Refer to [3] on page 2 for information about the change in deferred gain on retroactive reinsurance on the Navigators ADC.

[3]Includes Navigators Group integration costs.

[4]Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

Table of Contents

The Hartford Insurance Group, Inc.

Business Insurance

Income Statements (Continued)

Prior accident year development included the following unfavorable (favorable) reserve development:


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Workers’ compensation	$	(62)	$	(61)	$	(65)	$	(70)	$	(69)	$	(52)	$	(67)		$	(188)	$	(188)
Workers' compensation discount accretion	11		11		12		10		11		11		12			34		34
General liability	—		—		—		130		32		32		17			—		81
Marine	—		—		—		—		—		(8)		7			—		(1)
Package business	—		—		—		—		(5)		(1)		—			—		(6)
Commercial property	(5)		(20)		(3)		—		(2)		(2)		(3)			(28)		(7)
Professional liability	—		(11)		—		(20)		—		(2)		(5)			(11)		(7)
Bond	—		(22)		—		(34)		—		(22)		—			(22)		(22)
Assumed reinsurance	—		—		—		—		—		15		9			—		24
Automobile liability	—		—		—		21		16		10		—			—		26

Catastrophes	—		(28)		—		(34)		—		(33)		—			(28)		(33)
Uncollectible reinsurance	—		—		—		—		—		—		(7)			—		(7)
Other reserve re-estimates, net	4		9		5		(3)		7		8		5			18		20
Prior accident year development before change in deferred gain	(52)		(122)		(51)		—		(10)		(44)		(32)			(225)		(86)
Change in deferred gain on retroactive reinsurance included in other liabilities [1]	(8)		(24)		(32)		(58)		(26)		(37)		(24)			(64)		(87)
Total prior accident year development	$	(60)	$	(146)	$	(83)	$	(58)	$	(36)	$	(81)	$	(56)		$	(289)	$	(173)

[1]Includes amortization of the deferred gain on retroactive reinsurance related to the Navigators ADC.

Table of Contents

The Hartford Insurance Group, Inc.

Business Insurance

Underwriting Ratios


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Underwriting Gain	$	397	$	444	$	187	$	416	$	253	$	319	$	301		$	1,028	$	873
Underwriting Ratios
Loss and loss adjustment expense ratio	57.3		56.1		62.8		56.3		61.0		58.4		58.3			58.7		59.3
Expense ratio [1]	31.1		30.6		31.3		30.8		30.9		31.1		31.5			31.0		31.2
Policyholder dividend ratio	0.3		0.3		0.3		0.3		0.3		0.3		0.3			0.3		0.3
Combined ratio	88.8		87.0		94.4		87.4		92.2		89.8		90.1			90.0		90.7
Current accident year catastrophes and prior accident year development	0.6		1.0		(5.9)		(0.2)		(3.7)		(2.4)		(1.8)			(1.4)		(2.6)
Underlying combined ratio	89.4		88.0		88.4		87.1		88.6		87.4		88.4			88.6		88.1

Loss and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio	57.9		57.0		56.9		56.0		57.3		56.1		56.6			57.3		56.7
Current accident year catastrophes	1.1		3.3		8.4		2.0		4.8		5.0		3.6			4.2		4.4

Prior accident year development	(1.7)		(4.3)		(2.5)		(1.8)		(1.1)		(2.6)		(1.8)			(2.8)		(1.8)

Total loss and loss adjustment expense ratio	57.3		56.1		62.8		56.3		61.0		58.4		58.3			58.7		59.3

Combined Ratios by Line of Business
Small Business
Combined ratio	87.9		89.7		93.3		83.8		91.6		88.7		89.0			90.2		89.8
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(1.3)		(5.1)		(8.0)		(1.2)		(6.4)		(6.1)		(3.8)			(4.7)		(5.4)
Prior accident year development	3.2		4.5		4.1		4.1		4.1		4.2		4.3			3.9		4.2
Underlying combined ratio	89.8		89.0		89.4		86.7		89.3		86.8		89.6			89.4		88.5
Middle & Large Business
Combined ratio	90.8		86.6		99.8		93.9		97.0		95.9		94.0			92.3		95.6
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	—		(1.1)		(8.9)		(0.5)		(3.5)		(4.8)		(3.6)			(3.3)		(4.0)
Prior accident year development	0.6		3.6		(0.3)		(3.3)		(3.3)		(1.4)		(1.2)			1.3		(2.0)
Underlying combined ratio	91.4		89.1		90.6		90.2		90.2		89.6		89.2			90.4		89.7
Global Specialty
Combined ratio	86.9		85.9		89.3		84.7		87.4		83.4		87.8			87.3		86.2
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(2.2)		(3.2)		(8.7)		(5.4)		(3.8)		(3.5)		(3.3)			(4.6)		(3.5)
Prior accident year development	1.1		2.1		3.4		4.3		1.7		5.3		0.7			2.2		2.6
Underlying combined ratio	85.8		84.8		84.0		83.6		85.3		85.2		85.3			84.9		85.3

[1]Integration and transaction costs related to the acquisition of Navigators Group are not included in the expense ratio.

Table of Contents

The Hartford Insurance Group, Inc.

Business Insurance

Supplemental Data


	Three Months Ended																					Nine Months Ended
	Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024				Sept 30 2025			Sept 30 2024
Written Premiums
Small Business	$	1,490		$	1,503		$	1,553		$	1,330		$	1,347		$	1,373		$	1,425			$	4,546		$	4,145
Middle & Large Business	1,231			1,197			1,111			1,059			1,117			1,140			1,016				3,539			3,273
Middle Market	1,054			1,039			931			900			962			993			872				3,024			2,827
National Accounts and Other	177			158			180			159			155			147			144				515			446
Global Specialty [1]	836			1,100			1,006			769			797			1,013			907				2,942			2,717
U.S.	551			619			559			533			544			595			505				1,729			1,644
International	114			142			113			123			102			125			106				369			333
Global Re	171			339			334			113			151			293			296				844			740
Other	16			16			16			16			14			14			14				48			42
Total	$	3,573		$	3,816		$	3,686		$	3,174		$	3,275		$	3,540		$	3,362			$	11,075		$	10,177
Earned Premiums
Small Business	$	1,465		$	1,418		$	1,360		$	1,355		$	1,323		$	1,284		$	1,248			$	4,243		$	3,855
Middle & Large Business	1,144			1,100			1,075			1,069			1,065			1,021			996				3,319			3,082
Middle Market	976			942			924			918			921			879			864				2,842			2,664
National Accounts and Other	168			158			151			151			144			142			132				477			418
Global Specialty [1]	915			890			873			865			847			802			789				2,678			2,438
U.S.	568			549			540			547			540			514			503				1,657			1,557
International	122			119			113			115			113			108			105				354			326
Global Re	225			222			220			203			194			180			181				667			555
Other	16			16			16			14			14			14			15				48			43
Total	$	3,540		$	3,424		$	3,324		$	3,303		$	3,249		$	3,121		$	3,048			$	10,288		$	9,418

Business Insurance Statistical Premium Information
Small Business
Net New Business Premium	$	308		$	305		$	298		$	264		$	278		$	291		$	268			$	911		$	837
Renewal Written Price Increases	5.2		%	5.9		%	6.5		%	7.5		%	6.5		%	6.4		%	5.6		%		5.9		%	6.2		%


Policy Count Retention	84		%	83		%	84		%	84		%	84		%	84		%	85		%		84		%	84		%

Policies In-Force (in thousands)	1,640			1,615			1,591			1,570			1,558			1,537			1,512
Middle Market [2]
Net New Business Premium	$	211		$	190		$	188		$	180		$	176		$	187		$	174			$	589		$	537
Renewal Written Price Increases	5.6		%	6.7		%	7.1		%	6.5		%	6.7		%	6.7		%	7.1		%		6.4		%	6.8		%

Premium Retention	84		%	82		%	81		%	84		%	85		%	83		%	84		%		82		%	84		%



Global Specialty
Gross New Business Premium [3]	$	238		$	278		$	225		$	224		$	233		$	264		$	223			$	741		$	720
Renewal Written Price Increases [4]	4.3		%	5.0		%	6.0		%	5.8		%	5.5		%	6.3		%	6.1		%		5.1		%	6.0		%

[1]U.S. business includes a small amount of business issued by U.S. insurance entities to U.S. policyholders with international-based exposures. International represents Navigators Group business written in either Lloyd's market or other international markets, which includes U.S.-based exposures.

[2]Except for net new business premium, metrics for Middle Market exclude loss sensitive and programs businesses.

[3]Excludes Global Re and is before ceded reinsurance.

[4]Excludes Global Re, offshore energy policies, credit and political risk insurance policies, political violence and terrorism policies, and any business under which the managing agent of our Lloyd's Syndicate 1221 delegates underwriting authority to coverholders and other third parties.

Table of Contents

The Hartford Insurance Group, Inc.

Personal Insurance

Income Statements


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Written premiums	$	987	$	980	$	913	$	871	$	970	$	913	$	844		$	2,880	$	2,727
Change in unearned premium reserve	37		49		14		(35)		85		64		31			100		180
Earned premiums	950		931		899		906		885		849		813			2,780		2,547
Fee income	8		8		8		9		8		8		8			24		24
Losses and loss adjustment expenses
Current accident year before catastrophes	610		585		563		577		602		597		575			1,758		1,774
Current accident year catastrophes [1]	31		98		187		13		92		125		52			316		269
Prior accident year development	(43)		(41)		(39)		(53)		(14)		(34)		(7)			(123)		(55)
Total losses and loss adjustment expenses	598		642		711		537		680		688		620			1,951		1,988
Amortization of DAC	72		70		68		67		65		63		60			210		188
Insurance operating costs	180		172		182		182		169		169		153			534		491
Amortization of other intangible assets	1		—		1		—		1		—		1			2		2
Underwriting gain (loss)	107		55		(55)		129		(22)		(63)		(13)			107		(98)

Net investment income	67		58		57		64		58		50		50			182		158
Net realized gains (losses)	(4)		(4)		(2)		(5)		(2)		(8)		1			(10)		(9)

Net servicing and other income (expense)	4		5		5		3		5		6		4			14		15
Income (loss) before income taxes	174		114		5		191		39		(15)		42			293		66
Income tax expense (benefit)	35		23		—		37		8		(4)		8			58		12
Net income (loss)	139		91		5		154		31		(11)		34			235		54
Adjustments to reconcile net income (loss) to core earnings (loss):
Net realized losses (gains), excluded from core earnings, before tax	5		3		2		3		2		9		(2)			10		9
Income tax expense (benefit) [2]	(1)		—		(1)		(2)		—		(2)		1			(2)		(1)
Core earnings (loss)	$	143	$	94	$	6	$	155	$	33	$	(4)	$	33		$	243	$	62

[1]Refer to [1] on page 8 for information about catastrophe losses related to Hurricane Helene.

[2]Represents federal income tax expense (benefit) related to before tax items not included in core earnings.

Table of Contents

The Hartford Insurance Group, Inc.

Personal Insurance

Income Statements (Continued)

Prior accident year development included the following unfavorable (favorable) reserve development:


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Automobile liability	$	(33)	$	(10)	$	(12)	$	(17)	$	—	$	(13)	$	—		$	(55)	$	(13)
Homeowners	(5)		(13)		(18)		(13)		(5)		(10)		—			(36)		(15)
Catastrophes	—		(11)		—		(15)		—		(5)		—			(11)		(5)
Uncollectible reinsurance	—		—		—		—		—		—		—			—		—
Other reserve re-estimates, net [1]	(5)		(7)		(9)		(8)		(9)		(6)		(7)			(21)		(22)
Total prior accident year development	$	(43)	$	(41)	$	(39)	$	(53)	$	(14)	$	(34)	$	(7)		$	(123)	$	(55)

[1]Other reserve re-estimates, net includes a favorable change in automobile physical damage reserves of $(6) and $(26) for the three and nine months ended September 30, 2025 and $(10) and $(24) for the three and nine months ended September 30, 2024, respectively.

Table of Contents

The Hartford Insurance Group, Inc.

Personal Insurance

Underwriting Ratios


	Three Months Ended														Nine Months Ended
	Sept 30 2025		Jun 30 2025		Mar 31 2025		Dec 31 2024		Sept 30 2024		Jun 30 2024		Mar 31 2024			Sept 30 2025		Sept 30 2024
Underwriting Gain (Loss)	$	107	$	55	$	(55)	$	129	$	(22)	$	(63)	$	(13)		$	107	$	(98)
Underwriting Ratios
Loss and loss adjustment expense ratio	62.9		69.0		79.1		59.3		76.8		81.0		76.3			70.2		78.1
Expense ratio	25.8		25.1		27.0		26.5		25.6		26.4		25.3			26.0		25.8
Combined ratio	88.7		94.1		106.1		85.8		102.5		107.4		101.6			96.2		103.8
Current accident year catastrophes and prior accident year development	1.2		(6.1)		(16.5)		4.4		(8.8)		(10.7)		(5.5)			(7.0)		(8.4)
Underlying combined ratio	90.0		88.0		89.7		90.2		93.7		96.7		96.1			89.2		95.4

Loss and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio	64.2		62.8		62.6		63.7		68.0		70.3		70.7			63.2		69.7
Current accident year catastrophes	3.3		10.5		20.8		1.4		10.4		14.7		6.4			11.4		10.6

Prior accident year development	(4.5)		(4.4)		(4.3)		(5.8)		(1.6)		(4.0)		(0.9)			(4.4)		(2.2)

Total loss and loss adjustment expense ratio	62.9		69.0		79.1		59.3		76.8		81.0		76.3			70.2		78.1
Combined Ratios by Product
Automobile
Combined ratio	92.5		94.0		93.5		98.3		105.7		105.4		103.9			93.3		105.0
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(0.6)

HARTFORD INSURANCE GROUP, INC. 8-K