$HIG

HARTFORD INSURANCE GROUP, INC.

CIK:0000874766|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Earned premiums	$ 6,279	$ 5,961	$ 12,424	$ 11,796
Fee income	86	86	173	172
Net investment income	800	658	1,534	1,310
Net realized gains (losses)	64	(19)	12	(68)
Other revenues	34	30	61	52
Total revenues	7,263	6,716	14,204	13,262
Benefits, losses and expenses
Benefits, losses and loss adjustment expenses	4,081	3,712	8,079	7,712
Amortization of deferred policy acquisition costs ("DAC")	669	625	1,325	1,232
Insurance operating costs and other expense	1,215	1,138	2,443	2,285
Interest expense	50	50	100	100
Amortization of other intangible assets	17	17	35	35
Total benefits, losses and expenses	6,032	5,542	11,982	11,364
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	1,231	1,174	2,222	1,898
Income tax expense	251	236	438	376
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	980	938	1,784	1,522
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	318	57	370	103
Net income	1,298	995	2,154	1,625
Less: Preferred stock dividends	5	5	10	10
Net income available to common stockholders	$ 1,293	$ 990	$ 2,144	$ 1,615
Income (Loss) from Continuing Operations, Per Basic Share	$ 3.57	$ 3.29	$ 6.45	$ 5.30
Income (Loss) from Continuing Operations, Per Diluted Share	3.53	3.24	6.38	5.22
EPS
Basic	4.73	3.49	7.80	5.66
Diluted	$ 4.68	$ 3.44	$ 7.71	$ 5.58

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income	$ 2,154	$ 1,625
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Net realized (gains) losses	(17)	59
Amortization of deferred policy acquisition costs	1,325	1,232
Additions to deferred policy acquisition costs	(1,442)	(1,355)
Depreciation and amortization	219	186
Other operating activities, net	173	169
Additional Cash Flow Elements, Operating Activities
Increase (Decrease) in Reinsurance Recoverable	153	32
Net change in accrued and deferred income taxes	(381)	(181)
Increase in insurance liabilities	1,657	1,784
Increase (Decrease) in Premiums Receivable	(749)	(752)
Net change in other assets and other liabilities	(858)	(523)
Net cash provided by operating activities	2,234	2,276
Proceeds from the sale/maturity/prepayment of:
Fixed maturities, AFS	5,772	4,755
FVO securities	0	109
Equity securities, at fair value	11	125
Mortgage loans	747	733
Limited partnership and other alternative investments	137	115
Payments for the purchase of:
Fixed maturities, AFS	(5,714)	(6,090)
Payments for the purchase of Fair Value Option Fixed Maturity Securties	(1)	(8)
Equity securities, at fair value	(83)	(16)
Mortgage loans	(1,154)	(793)
Limited partnership and other alternative investments	(523)	(445)
Payments for (Proceeds from) Derivative Instrument, Investing Activities	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)
Net cash used for investing activities	(883)	(1,144)
Financing Activities
Deposits and other additions to investment and universal life-type contracts	79	63
Withdrawals and other deductions from investment and universal life-type contracts	(83)	(57)
ProceedsPaymentsIssuanceReturnOfSharesUnderIncentiveAndShareBasedCompensationPlans	(35)	(33)
Treasury stock acquired, including related excise tax paid	(916)	(815)
Dividends paid on preferred stock	(10)	(10)
Dividends paid on common stock	(332)	(299)
Net cash used for financing activities	(1,297)	(1,151)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	(10)	4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	44	(15)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Discontinued Operation	(7)	0
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operation	37	(15)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	166	234
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	203	219
Supplemental Disclosure of Cash Flow Information
Interest paid	$ 101	$ 103

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Investments:
Fixed maturities, AFS, at fair value (amortized cost of $47,036 and $46,871, and ACL of $16 and $16)	$ 45,824	$ 46,041
Fixed maturities, at fair value using the fair value option ("FVO Securities")	125	168
Equity securities, at fair value [1]	560	422
Mortgage loans (net of ACL of $49 and $49)	7,262	6,837
Limited partnerships and other alternative investments	6,135	5,804
Other investments	227	218
Short-term investments	3,866	4,004
Total investments	63,999	63,494
Cash	125	122
Restricted cash	78	44
Accrued Investment Income Receivable	487	473
Premiums receivable and agents' balances (net of ACL of $160 and $142)	7,009	6,316
Reinsurance recoverables (net of allowance for uncollectible reinsurance of $70 and $69)	7,037	7,191
Deferred policy acquisition costs	1,464	1,347
Deferred income taxes, net	1,207	937
Goodwill	1,639	1,639
Property and equipment, net	867	924
Other intangible assets, net	521	556
Other assets	2,649	2,122
Assets held for sale	901	864
Total assets	87,983	86,029
Liabilities
Unpaid losses and loss adjustment expenses	47,146	46,268
Other policyholder funds and benefits payable	606	612
Unearned premiums	10,836	10,053
Long-term debt	4,374	4,371
Other liabilities	4,761	5,126
Liabilities held for sale	180	176
Total liabilities	68,350	67,050
Stockholders' Equity
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	334	334
Common Stock, Value, Issued	3	3
Additional paid-in capital	503	549
Retained earnings	26,553	24,739
Treasury Stock, Value	(5,389)	(4,589)
Accumulated other comprehensive income (loss) ("AOCI"), net of tax	(2,371)	(2,057)
Total stockholders’ equity	19,633	18,979
Total liabilities and stockholders’ equity	$ 87,983	$ 86,029