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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 29, 2026

 

The Hartford Insurance Group, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware			001-13958						13-3317783
(State or Other Jurisdiction of Incorporation)			(Commission File Number)						(IRS Employer Identification No.)

The Hartford Insurance Group, Inc.

One Hartford Plaza, Hartford, Connecticut 06155

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (860) 547-5000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01 per share			HIG			The New York Stock Exchange
6.10% Senior Notes due October 1, 2041			HIG 41			The New York Stock Exchange
Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.000% Non-Cumulative Preferred Stock, Series G, par value $0.01 per share			HIG PR G			The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02			Results of Operations and Financial Condition

On January 29, 2026, The Hartford Insurance Group, Inc. (the "Company") issued (i) a news release announcing its financial results for the quarterly period ended December 31, 2025, and (ii) its Investor Financial Supplement (“IFS”) relating to its financial results for the quarterly period ended December 31, 2025. Copies of the news release and the IFS are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01			Financial Statements and Exhibits

Exhibit No.
99.1			News Release of The Hartford Insurance Group, Inc. dated January 29, 2026
99.2			Investor Financial Supplement of The Hartford Insurance Group, Inc. for the quarterly period ended December 31, 2025
101			Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104			The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date:			January 29, 2026			By:			/s/ Allison G. Niderno
						Name:			Allison G. Niderno
						Title:			Senior Vice President and Controller

    

NEWS RELEASE            

The Hartford Reports Outstanding Fourth Quarter Earnings Of $1.1 Billion And Full Year 2025 Earnings Of $3.8 Billion

Net income ROE for the year of 22.0% and core earnings ROE of 19.4%

•Fourth quarter 2025 net income available to common stockholders of $1.1 billion ($3.98 per diluted share) increased 33% from $848 million ($2.88 per diluted share) over the same period in 2024. Core earnings* of $1.1 billion ($4.06 core earnings per diluted share*) increased 33% from $865 million ($2.94 core earnings per diluted share) over the same period in 2024.

•Full year 2025 net income available to common stockholders of $3.8 billion ($13.32 per diluted share) increased 23% from $3.1 billion ($10.35 per diluted share) over the same period in 2024. Core earnings* of $3.8 billion ($13.42 core earnings per diluted share*) increased 25% from $3.1 billion ($10.30 core earnings per diluted share) over the same period in 2024.

•Net income ROE for the year of 22.0% and core earnings ROE* of 19.4%.

•Property & Casualty (P&C) written premiums increased by 5% in the fourth quarter of 2025 compared to the same period in 2024, and by 7% for the full year, driven by Business Insurance premium growth of 7% and 8%, respectively.

•Business Insurance fourth quarter 2025 combined ratio of 83.6 and an underlying combined ratio* of 88.1. Full year 2025 combined ratio of 88.3 and an underlying combined ratio of 88.5.

•Personal Insurance fourth quarter 2025 combined ratio of 79.6 and an underlying combined ratio* of 84.3. Full year 2025 combined ratio of 91.9 and an underlying combined ratio of 88.0.

•Employee Benefits fourth quarter net income margin of 7.2% and a core earnings margin* of 7.6%. Full year net income margin of 7.8% and core earnings margin of 8.2%.

•Returned $546 million to stockholders in the fourth quarter, including $400 million of shares repurchased and $146 million in common stockholder dividends paid. For the full year, returned $2.2 billion to stockholders, including $1.6 billion of shares repurchased and $592 million in common stockholder dividends paid.

* Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures.

** All amounts and percentages set forth in this news release are approximate unless otherwise noted.

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HARTFORD, Conn., Jan. 29, 2026 – The Hartford (NYSE: HIG) today announced financial results for the fourth quarter and year ended Dec. 31, 2025.

“The Hartford delivered an outstanding year, with core earnings of $3.8 billion and a core earnings ROE of 19.4 percent,” said The Hartford’s Chairman and CEO Christopher Swift. “Results were driven by excellent performance in Business Insurance, which once again generated robust top-line growth at highly profitable margins, a pivotal year in Personal Insurance that restored target profitability in auto, strong margins in Employee Benefits, and solid performance from our investment portfolio.”

The Hartford's Chief Financial Officer Beth Costello said, “Business Insurance once again delivered excellent results in the quarter, with 7 percent top-line growth and an underlying combined ratio of 88.1. Personal Insurance achieved 5.9 points of underlying combined ratio improvement, while Employee Benefits delivered a core earnings margin of 7.6 percent. Investment performance was solid, supported by a diversified portfolio, attractive new money yields, and strong limited partnership returns."

Swift continued, “These outstanding fourth quarter and full-year results demonstrate the effectiveness of our strategy and the impact of innovation across the enterprise. We enter 2026 with momentum. Disciplined underwriting, extensive and trusted distribution relationships, and an unparalleled customer experience position The Hartford to continue delivering superior returns for shareholders."

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CONSOLIDATED RESULTS:

			Three Months Ended									Year Ended
($ in millions except per share data)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net income available to common stockholders			$1,126			$848			33%			$3,815			$3,090			23%
Net income available to common stockholders per diluted share1			$3.98			$2.88			38%			$13.32			$10.35			29%
Core earnings			$1,148			$865			33%			$3,845			$3,076			25%
Core earnings per diluted share			$4.06			$2.94			38%			$13.42			$10.30			30%
Book value per diluted share			$66.31			$55.09			20%
Book value per diluted share (ex. accumulated other comprehensive income (AOCI))2			$73.62			$64.95			13%
Net income available to common stockholders' return on equity (ROE)3, last 12-months			22.0%			19.9%			2.1
Core earnings ROE3, last 12-months			19.4%			16.7%			2.7

[1]Includes dilutive potential common shares; for net income available to common stockholders per diluted share, the numerator is net income less preferred dividends

[2]Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures

[3]Return on equity (ROE) is calculated based on last 12-months net income available to common stockholders and core earnings, respectively; for net income ROE, the denominator is common stockholders’ equity including AOCI; for core earnings ROE, the denominator is common stockholders’ equity excluding AOCI

Fourth quarter 2025 net income available to common stockholders of $1.1 billion, or $3.98 per diluted share, improved from $848 million in fourth quarter 2024, primarily driven by higher net investment income, net favorable prior accident year development (PYD), lower P&C CAY CATs, earned premium growth across P&C, and improvement in the Personal Insurance underlying loss and loss adjustment expense ratio*, partially offset by higher expense ratios in both P&C and Employee Benefits.

Fourth quarter 2025 core earnings of $1.1 billion, or $4.06 per diluted share, compared with $865 million of core earnings in fourth quarter 2024. Contributing to the results were:

•An increase in earnings driven by 8% growth in P&C earned premium.

•Business Insurance loss and loss adjustment expense ratio of 51.5 compared with 56.3 in fourth quarter 2024, including 2.3 points of lower CATs and 2.4 points of more favorable PYD. Underlying loss and loss adjustment expense ratio of 56.1 compared with 56.0 in fourth quarter 2024.

•Personal Insurance loss and loss adjustment expense ratio of 53.3 compared with 59.3 in fourth quarter 2024, including 0.2 points of lower CATs and 0.1 points of more favorable PYD. Underlying loss and loss adjustment expense ratio* of 58.1 improved 5.6 points from fourth quarter 2024, due to a lower loss ratio in both automobile and homeowners.

•Net favorable PYD in core earnings of $12 million, before tax, in 2025 compared with net unfavorable PYD of $97 million in core earnings in 2024. Net favorable PYD included in core earnings in fourth quarter 2025 was primarily driven by reserve reductions in workers’ compensation, bond, catastrophes, and personal automobile liability and physical damage, partially offset by an increase of $165 million related to asbestos and environmental (A&E) reserves. Excluding the A&E reserve development, prior accident year reserve development was favorable by $177 million.

•P&C CAY CAT benefit of $1 million, before tax, in fourth quarter 2025, including $54 million of favorable prior quarter development primarily from tornado, wind and hail

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events across several regions, offset by losses incurred in the current quarter from tornado, wind and hail events across several regions, compared with CAY CAT losses of $80 million in fourth quarter 2024.

•The P&C expense ratio of 30.7 compared with 29.9 in fourth quarter 2024, driven by an increase in Business Insurance, partially offset by improvement in Personal Insurance.

•Employee Benefits loss ratio of 71.3 compared with 70.6 in fourth quarter 2024, driven by an increase in the group disability loss ratio, partially offset by improvement in the group life loss ratio.

•The Employee Benefits expense ratio of 27.5 compared with 26.7 in fourth quarter 2024, driven by higher staffing costs, including increased incentive compensation and benefits, as well as higher technology costs, including increased investment.

•Net investment income of $832 million, before tax, compared with $714 million in fourth quarter 2024, primarily driven by increased income from limited partnerships and other alternative investments (LPs), a higher level of invested assets, and reinvesting at higher interest rates, partially offset by a lower yield on variable-rate securities.

Full year 2025 net income available to common stockholders of $3.8 billion, or $13.32 per diluted share, compared with $3.1 billion in the 2024 period, primarily due to a higher P&C underwriting gain*, driven by earned premium growth across all lines of business, greater net favorable PYD, as well as a lower underlying loss and LAE ratio in Personal Insurance, and higher net investment income.

Full year 2025 core earnings of $3.8 billion, or $13.42 per diluted share, compared with $3.1 billion of core earnings in the 2024 period. Contributing to the results were:

•An increase in earnings generated by 9% growth in P&C earned premium.

•Business Insurance loss and loss adjustment expense ratio of 56.8 compared with 58.5 in 2024, including lower CATs of 0.8 points and more favorable PYD of 1.4 points. Underlying loss and loss adjustment expense ratio of 57.0 in 2025 compared with 56.5 in 2024, largely due to a slightly higher loss ratio in workers' compensation and general liability, partially offset by favorable non-CAT property losses.

•Personal Insurance loss and loss adjustment expense ratio of 65.9 compared with 73.1 in 2024, including 1.7 points of more favorable PYD and 0.6 points of higher CATs. Underlying loss and loss adjustment expense ratio of 61.9 in 2025 compared with 68.1 in 2024, due to a lower loss ratio in both automobile and homeowners.

•Net favorable PYD in core earnings of $360 million, before tax, in 2025, compared with net favorable PYD of $37 million in core earnings in 2024. Net favorable core PYD in 2025 was primarily driven by reserve reductions in workers' compensation, personal automobile, catastrophes, bond, homeowners, and commercial property, partially offset by an increase of $165 million related to A&E reserves after ADC reinsurance. Excluding the A&E reserve development, prior accident year reserve development was favorable by $525 million.

•P&C CAY CAT losses of $748 million, before tax, in 2025, driven by losses from tornado, wind and hail events across several regions, but concentrated in the South and Midwest regions, and to a lesser extent, the Mid-Atlantic and Mountain West regions, as well as a loss of $305, net of reinsurance, from the January 2025 California Wildfire Event, compared with $768 million in 2024.

•The P&C expense ratio of 30.2 in 2025 compared with 30.0 in 2024.

•Employee Benefits loss ratio of 70.6 improved 0.2 points compared with 70.8, primarily driven by a lower group life loss ratio, partially offset by a higher loss ratio in group disability.

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•The Employee Benefits expense ratio of 26.3 compared with 25.4, driven by higher staffing costs, including increased incentive compensation and benefits, as well as higher technology costs, including increased investment.

•Net investment income of $2.9 billion, before tax, compared with $2.6 billion in 2024, primarily due to the impact of higher invested assets, higher income from limited partnerships and other alternative investments, and reinvesting at higher rates, partially offset by a lower yield on variable-rate securities.

Dec. 31, 2025, book value per diluted share of $66.31 increased 20.4%, from $55.09 at Dec. 31, 2024, principally due to net income in excess of stockholder dividends through Dec. 31, 2025, partially offset by the dilutive effect of share repurchases.

Book value per diluted share (excluding AOCI) of $73.62 as of Dec. 31, 2025, increased 13.3%, from $64.95 at Dec. 31, 2024, as the impact from net income in excess of stockholder dividends through Dec. 31, 2025, was partially offset by the dilutive effect of share repurchases.

Net income available to common stockholders' ROE (net income ROE) for the year ending Dec. 31, 2025 was 22.0%, increasing 2.1 points from Dec. 31, 2024, primarily due to an increase in net income available to common stockholders.

Core earnings ROE for the year ending Dec. 31, 2025, was 19.4%, increasing 2.7 points from Dec. 31, 2024, primarily due to an increase in core earnings.

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BUSINESS RESULTS:

Business Insurance

			Three Months Ended									Year Ended
($ in millions, unless otherwise noted)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net income			$897			$708			27%			$2,780			$2,349			18%
Core earnings			$915			$665			38%			$2,806			$2,296			22%
Written premiums			$3,381			$3,174			7%			$14,456			$13,351			8%
Underwriting gain1			$591			$416			42%			$1,619			$1,289			26%
Underlying underwriting gain1			$427			$425			—%			$1,599			$1,544			4%
Losses and loss adjustment expense ratio			51.5			56.3			(4.8)			56.8			58.5			(1.7)
Expenses			31.8			30.8			1.0			31.2			31.1			0.1
Policyholder dividends			0.3			0.3			—			0.3			0.3			—
Combined ratio			83.6			87.4			(3.8)			88.3			89.9			(1.6)
Impact of catastrophes and PYD on combined ratio			4.5			(0.2)			4.7			0.2			(2.0)			2.2
Underlying combined ratio			88.1			87.1			1.0			88.5			87.9			0.6
Losses and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio			56.1			56.0			0.1			57.0			56.5			0.5
Current accident year catastrophes			(0.3)			2.0			(2.3)			3.0			3.8			(0.8)
Favorable prior accident year development			(4.2)			(1.8)			(2.4)			(3.2)			(1.8)			(1.4)
Total Losses and loss adjustment expense ratio			51.5			56.3			(4.8)			56.8			58.5			(1.7)

[1]Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures

Fourth quarter 2025 net income of $897 million compared with net income of $708 million in fourth quarter 2024, principally due to greater net favorable PYD, higher net investment income, lower CAY CATs, and the impact of earned premium growth, partially offset by a higher expense ratio and greater net realized losses. PYD in the 2024 period includes a $58 million before-tax, benefit due to the amortization of the deferred gain related to the Navigators ADC.

Business Insurance core earnings of $915 million in fourth quarter 2025 compared with $665 million in fourth quarter 2024. Contributing to the results were:

•9% growth in earned premium.

•An underlying loss and loss adjustment expense ratio of 56.1 in fourth quarter 2025 compared with 56.0 in fourth quarter 2024.

•Net favorable PYD within core earnings of $152 million, before tax, in fourth quarter 2025, compared with $0 million of net PYD within core earnings in fourth quarter 2024. The net favorable PYD in fourth quarter 2025 primarily includes reserve reductions in workers’ compensation, bond, and catastrophes.

•CAY CAT benefit of $12 million, before tax, in fourth quarter 2025, including $53 million of favorable prior quarter development primarily from tornado, wind and hail events across several regions, partially offset by losses incurred in the current quarter from tornado, wind and hail events across several regions, down from CAY CAT losses of $67 million in fourth quarter 2024.

•Net investment income of $562 million, before tax, compared with $479 million in fourth quarter 2024.

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Combined ratio of 83.6 compared with 87.4 in fourth quarter 2024, primarily due to a 4.8 point decrease in the loss and loss adjustment expense ratio, including 0.3 points of CAT benefit in 2025 compared with 2.0 points of CAT losses in 2024 and 2.4 points of more favorable PYD. Underlying combined ratio of 88.1 compared with 87.1 in fourth quarter 2024, primarily due to a 1.0 point increase in the expense ratio:

•Small Business combined ratio of 80.8 compared with 83.8 in fourth quarter 2024, including 1.4 points of lower CATs and 2.3 points of more favorable PYD. Underlying combined ratio of 87.3 compared with 86.7 in fourth quarter 2024, primarily due to a higher loss ratio in workers' compensation and a higher expense ratio, partially offset by favorable non-CAT property losses.

•Middle & Large Business combined ratio of 91.1 compared with 93.9 in fourth quarter 2024, including a 2.3 points of less unfavorable PYD and 0.2 points of higher CAY CATs. Underlying combined ratio of 89.4 compared with 90.2 in fourth quarter 2024, primarily due to lower non-CAT property losses, partially offset by a higher loss ratio in workers' compensation and general liability.

•Global Specialty combined ratio of 78.1 compared with 84.7 in fourth quarter 2024, including 7.4 points of lower CATs and 3.2 points of more favorable PYD. The 2024 combined ratio included 6.3 points of favorable development due to the amortization of the deferred gain related to the Navigators ADC. Underlying combined ratio of 87.6 compared with 83.6 in fourth quarter 2024, primarily due to a higher expense ratio, and higher loss ratios in U.S. wholesale liability and financial products, partially offset by lower non-CAT property losses.

•The expense ratio of 31.8 increased from 30.8 in fourth quarter 2024, as the impact of earned premium leverage was more than offset by expected increases in technology costs and higher incentive compensation due to overall financial performance.

Fourth quarter 2025 written premiums of $3.4 billion were up 7% from fourth quarter 2024, with increases across the segment. Small Business delivered a 9% increase with Middle & Large Business and Global Specialty both delivering 5% increases. Small Business and Global Specialty both delivered double-digit new business growth.

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Personal Insurance

			Three Months Ended									Year Ended
($ in millions, unless otherwise noted)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net income			$212			$154			38%			$447			$208			115%
Core earnings			$214			$155			38%			$457			$217			111%
Written premiums			$850			$871			(2%)			$3,730			$3,598			4%
Underwriting gain (loss)			$193			$129			50%			$300			$31			NM
Underlying underwriting gain			$148			$89			66%			$448			$205			119%
Losses and loss adjustment expense ratio			53.3			59.3			(6.0)			65.9			73.1			(7.2)
Expenses			26.2			26.5			(0.3)			26.0			26.0			—
Combined ratio			79.6			85.8			(6.2)			91.9			99.1			(7.2)
Impact of catastrophes and PYD on combined ratio			4.7			4.4			0.3			(4.0)			(5.1)			1.1
Underlying combined ratio			84.3			90.2			(5.9)			88.0			94.1			(6.1)
Losses and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio			58.1			63.7			(5.6)			61.9			68.1			(6.2)
Current accident year catastrophes			1.2			1.4			(0.2)			8.8			8.2			0.6
Favorable prior accident year development			(5.9)			(5.8)			(0.1)			(4.8)			(3.1)			(1.7)
Total Losses and loss adjustment expense ratio			53.3			59.3			(6.0)			65.9			73.1			(7.2)

Net income of $212 million in fourth quarter 2025 compared with net income of $154 million in fourth quarter 2024, primarily due to an improvement in the underlying loss and loss adjustment expense ratio, including the impact of higher earned premium, higher net investment income, lower CAY CAT losses, and more favorable PYD.

Personal Insurance core earnings of $214 million compared with core earnings of $155 million in fourth quarter 2024. Contributing to the results were:

•4% growth in earned premium largely driven by the impact of double-digit earned pricing increases.

•An underlying loss and loss adjustment expense ratio of 58.1 in fourth quarter 2025, which improved 5.6 points from 63.7 in fourth quarter 2024, primarily driven by the impact of earned pricing increases outpacing loss cost trends.

•$56 million, before tax, of favorable PYD in fourth quarter of 2025, compared with $53 million of favorable PYD in fourth quarter 2024. The net favorable PYD in fourth quarter 2025 primarily includes reserve reductions in automobile liability and physical damage, catastrophes, and homeowners.

•CAY CAT losses of $11 million, before tax, in fourth quarter 2025, including losses from tornado, wind and hail events across several regions, but concentrated in the Pacific, Northeast and Mountain West regions, compared with $13 million of CAY CAT losses in fourth quarter 2024.

•Net investment income of $74 million, before tax, in fourth quarter 2025 compared with $64 million in fourth quarter 2024.

Combined ratio of 79.6 in fourth quarter 2025 compared with 85.8 in fourth quarter 2024, primarily due to a 6.0 point improvement in the loss and loss adjustment expense ratio, including a 5.6 point improvement in the underlying loss and loss adjustment expense ratio, a 0.3 point improvement in the expense ratio, 0.2 points of lower CAY CAT losses, and 0.1 points of more favorable PYD. Underlying combined ratio of 84.3 improved 5.9 points from 90.2 in fourth quarter 2024, primarily due to improvement in the underlying loss and loss adjustment expense ratio in automobile and homeowners, and a 0.3 point improvement in the expense ratio.

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•Personal Automobile combined ratio of 92.7 improved 5.6 points from 98.3 in fourth quarter 2024, including 1.8 points of more favorable PYD, partially offset by 0.3 points of CAY CATs. The underlying combined ratio of 98.9 improved 4.1 points from 103.0 in fourth quarter 2024, primarily due to improvement in the underlying loss and loss adjustment expense ratio, driven by the impact of earned pricing increases outpacing loss cost trends.

•Homeowners combined ratio of 53.7 compared with 57.8 in fourth quarter 2024, including 1.8 points of lower CAY CATs and 3.8 points of less favorable PYD. The underlying combined ratio of 55.5 improved 6.2 points from 61.7 in fourth quarter 2024, primarily due to improvement in the underlying loss and loss adjustment expense ratio, driven by the impact of earned pricing increases outpacing loss cost trends, and improvement in the expense ratio.

•The expense ratio of 26.2 improved from 26.5 in fourth quarter 2024, as the impact of earned premium leverage offset increases in technology costs and higher incentive compensation due to overall financial performance.

Written premiums in fourth quarter 2025 were $850 million compared with $871 million in fourth quarter 2024, with:

•Renewal written price increases in automobile and homeowners of 10.4% and 11.9%, respectively.

•Effective policy count retention was relatively stable in automobile and homeowners due to strong but moderating renewal written price increases.

Employee Benefits

			Three Months Ended									Year Ended
($ in millions, unless otherwise noted)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net income			$130			$126			3%			$557			$561			(1)%
Core earnings			$138			$139			(1%)			$586			$578			1%
Fully insured ongoing premiums			$1,601			$1,600			0%			$6,418			$6,392			0%
Loss ratio			71.3%			70.6%			0.7			70.6%			70.8%			(0.2)
Expense ratio			27.5%			26.7%			0.8			26.3%			25.4%			0.9
Net income margin			7.2%			7.1%			0.1			7.8%			7.9%			(0.1)
Core earnings margin			7.6%			7.8%			(0.2)			8.2%			8.2%			0.0

Net income of $130 million in fourth quarter 2025 compared with $126 million in fourth quarter 2024, primarily due to improvement in the group life loss ratio, higher net investment income, and lower net realized losses, partially offset by an increase in the expense ratio and an increase in the group disability loss ratio. Core earnings of $138 million, compared with $139 million in fourth quarter 2024, primarily driven by an increase in the expense ratio and group disability loss ratio, partially offset by a lower group life loss ratio and higher net investment income.

Fully insured ongoing premiums were flat compared with fourth quarter 2024. Fully insured ongoing sales were $59 million in fourth quarter 2025, compared with $68 million in fourth quarter 2024, driven by lower group disability sales.

Loss ratio of 71.3 compared with 70.6 in fourth quarter 2024.

•Group life loss ratio of 76.9 improved 3.0 points due to lower mortality for term life products.

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•Group disability loss ratio of 70.5 increased 3.6 points driven by higher short-term and long-term disability loss trends, partially offset by improvement in paid family and medical leave products.

Expense ratio of 27.5 increased 0.8 points compared with 26.7 in fourth quarter 2024, driven by higher staffing costs, including increased incentive compensation and benefits, as well as higher technology costs, including increased investment.

Net investment income of $153 million, before tax, compared with $130 million in fourth quarter 2024.

Hartford Funds

			Three Months Ended									Year Ended
($ in millions, unless otherwise noted)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net income			$59			$49			20%			$213			$192			11%
Core earnings			$58			$51			14%			$201			$182			10%
Daily average Hartford Funds Assets Under Management (AUM)			$153,441			$142,230			8%			$145,474			$136,477			7%
Mutual Funds and exchange-traded funds (ETF) net flows			$(742)			$796			(193)%			$(3,714)			$(3,225)			(15)%
Total Hartford Funds AUM			$154,229			$139,598			10%			$154,229			$139,598			10%

Fourth quarter 2025 net income of $59 million compared with $49 million in fourth quarter 2024, primarily due to an increase in fee income net of operating costs and other expenses driven by higher daily average Hartford Funds AUM, and a change from net realized losses to net realized gains. Core earnings of $58 million compared with $51 million in fourth quarter 2024, with the change primarily reflecting the same drivers as net income, excluding the impact of net realized gains (losses).

Daily average AUM of $153 billion in fourth quarter 2025 increased 8% from fourth quarter 2024.

Mutual fund and ETF net outflows totaled $742 million in fourth quarter 2025, compared with net inflows of $796 million in fourth quarter 2024.

Corporate

			Three Months Ended									Year Ended
($ in millions, unless otherwise noted)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net loss			$(26)			$(28)			7%			$(58)			$(72)			19%
Net loss available to common stockholders			$(31)			$(33)			6%			$(79)			$(93)			15%
Core loss			$(37)			$(39)			5%			$(106)			$(122)			13%
Net investment income, before tax			$16			$16			—%			$58			$63			(8)%
Interest expense and preferred dividends, before tax			$54			$55			(2%)			$220			$220			—%

Net loss available to common stockholders of $31 million in fourth quarter 2025 compared with a net loss available to common stockholders of $33 million in fourth quarter 2024. Fourth quarter 2025 core loss of $37 million compared with a fourth quarter 2024 core loss of $39 million.

10

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INVESTMENT INCOME AND PORTFOLIO DATA:

			Three Months Ended									Twelve Months Ended
($ in millions, unless otherwise noted)			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Net investment income, before tax			$832			$714			17%			$2,911			$2,568			13%
Annualized investment yield, before tax			5.2%			4.7%			0.5			4.7%			4.3%			0.4
Annualized investment yield, before tax, excluding LPs1			4.6%			4.6%			0.0			4.5%			4.4%			0.1
Annualized LP yield, before tax			11.4%			6.4%			5.0			5.8%			3.0%			2.8
Annualized investment yield, after tax			4.1%			3.8%			0.3			3.7%			3.5%			0.2

[1] Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures

Fourth quarter 2025 consolidated net investment income of $832 million compared with $714 million in fourth quarter 2024, primarily driven by increased income from LPs, a higher level of invested assets, and reinvesting at higher interest rates, partially offset by a lower yield on variable-rate securities.

Fourth quarter 2025 net investment income, excluding LPs*, of $672 million, before tax, compared to $635 million in fourth quarter 2024, a 6% increase, primarily driven by a higher level of invested assets and reinvesting at higher interest rates, partially offset by a lower yield on variable-rate securities.

Fourth quarter 2025 included $160 million, before tax, of LP income as compared with $79 million in fourth quarter 2024, driven by higher returns on private equity and other funds. Annualized LP yield, before tax, of 11.4% compared with 6.4% in fourth quarter 2024.

Net realized losses of $29 million, before tax, in fourth quarter 2025 compared with $17 million, before tax, in fourth quarter 2024, primarily due to a change to losses on transactional foreign currency revaluation in the current period and higher valuation declines of fixed maturities, at fair value using the fair value option, partially offset by lower net losses on sales of fixed maturities in the fourth quarter of 2025.

Total invested assets of $64.0 billion increased $4.8 billion from Dec. 31, 2024, primarily due to a net increase in book value and higher valuations on fixed maturities, driven by lower interest rates.

11

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CONFERENCE CALL

The Hartford will discuss its fourth quarter and full year 2025 financial results on a webcast at 9:00 a.m. EST on Friday, Jan. 30, 2026. The call can be accessed via a live listen-only webcast or as a replay through the Investor Relations section of The Hartford's website at https://ir.thehartford.com. The replay will be accessible approximately one hour after the conclusion of the call and be available along with a transcript of the event for at least one year.

More detailed financial information can be found in The Hartford's Investor Financial Supplement for Dec. 31, 2025, and the fourth quarter 2025 Financial Results Presentation, both of which are available at https://ir.thehartford.com.

About The Hartford

The Hartford is a leader in property and casualty insurance, employee benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-F

From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.

Media Contacts:    Investor Contact:

Michelle Loxton     Kate Jorens

860-547-7413     860-547-4066

[email protected]     [email protected]

Matthew Sturdevant

860-547-8664

[email protected]

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THE HARTFORD INSURANCE GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
Three Months Ended December 31, 2025
($ in millions)
			Business Insurance			Personal Insurance			P&C Other Ops			Employee Benefits			Hartford Funds			Corporate						Consolidated
Earned premiums			$	3,595		$	945		$	—		$	1,601		$	—		$	—					$	6,141
Fee income			12			8			—			55			284			9						368
Net investment income			562			74			20			153			7			16						832
Net realized gains (losses)			(21)			(3)			(1)			(10)			1			5						(29)
Other revenue			1			19			—			—			—			7						27
Total revenues			4,149			1,043			19			1,799			292			37						7,339
Benefits, losses, and loss adjustment expenses			1,851			504			196			1,180			—			2						3,733
Amortization of DAC			565			72			—			8			—			—						645
Insurance operating costs and other expenses			594			200			2			437			218			30						1,481
Interest expense			—			—			—			—			—			49						49
Amortization of other intangible assets			8			—			—			10			—			—						18
Total benefits, losses and expenses			3,018			776			198			1,635			218			81						5,926
Income (loss) before income taxes			1,131			267			(179)			164			74			(44)						1,413
Income tax expense (benefit)			234			55			(38)			34			15			(18)						282
Net income (loss)			897			212			(141)			130			59			(26)						1,131
Preferred stock dividends			—			—			—			—			—			5						5
Net income (loss) available to common stockholders			897			212			(141)			130			59			(31)						1,126
Adjustments to reconcile net income available to common stockholders to core earnings (loss)
Net realized losses (gains), excluded from core earnings, before tax			21			2			1			9			(1)			(3)						29
Integration and other non-recurring M&A costs, before tax			1			—			—			—			—			—						1
Income tax expense (benefit)			(4)			—			—			(1)			—			(3)						(8)
Core earnings (loss)			$	915		$	214		$	(140)		$	138		$	58		$	(37)					$	1,148

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THE HARTFORD INSURANCE GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
Three Months Ended December 31, 2024
($ in millions)
			Business Insurance			Personal Insurance			P&C Other Ops			Employee Benefits			Hartford Funds			Corporate						Consolidated
Earned premiums			$	3,303		$	906		$	—		$	1,600		$	—		$	—					$	5,809
Fee income			10			9			—			56			269			10						354
Net investment income			479			64			19			130			6			16						714
Net realized gains (losses)			(3)			(5)			(1)			(16)			(3)			11						(17)
Other revenue			—			19			—			—			—			—						19
Total revenues			3,789			993			18			1,770			272			37						6,879
Benefits, losses, and loss adjustment expenses			1,858			537			212			1,169			—			3						3,779
Amortization of DAC			516			67			—			8			—			—						591
Insurance operating costs and other expenses			516			198			2			424			210			17						1,367
Interest expense			—			—			—			—			—			50						50
Amortization of other intangible assets			8			—			—			10			—			—						18
Total benefits, losses and expenses			2,898			802			214			1,611			210			70						5,805
Income (loss) before income taxes			891			191			(196)			159			62			(33)						1,074
Income tax expense (benefit)			183			37			(40)			33			13			(5)						221
Net income (loss)			708			154			(156)			126			49			(28)						853
Preferred stock dividends			—			—			—			—			—			5						5
Net income (loss) available to common stockholders			708			154			(156)			126			49			(33)						848
Adjustments to reconcile net income (loss) available to common stockholders to core earnings (loss)
Net realized losses (gains), excluded from core earnings, before tax			2			3			1			15			3			(8)						16
Integration and other non-recurring M&A costs, before tax			2			—			—			—			—			—						2
Change in deferred gain on retroactive reinsurance, before tax			(58)			—			62			—			—			—						4
Income tax expense (benefit)			11			(2)			(13)			(2)			(1)			2						(5)
Core earnings (loss)			$	665		$	155		$	(106)		$	139		$	51		$	(39)					$	865

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THE HARTFORD INSURANCE GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
Year Ended December 31, 2025
($ in millions)
			Business Insurance			Personal Insurance			P&C Other Ops			Employee Benefits			Hartford Funds			Corporate						Consolidated
Earned premiums			$	13,883		$	3,725		$	—		$	6,422		$	—		$	—					$	24,030
Fee income			45			32			—			223			1,077			40						1,417
Net investment income			1,967			256			76			533			21			58						2,911
Net realized gains (losses)			(91)			(13)			(3)			(38)			15			30						(100)
Other revenue			3			88			—			—			—			19						110
Total revenues			15,807			4,088			73			7,140			1,113			147						28,368
Benefits, losses, and loss adjustment expenses			7,889			2,455			196			4,692			—			6						15,238
Amortization of DAC			2,201			282			—			33			—			—						2,516
Insurance operating costs and other expenses			2,196			789			9			1,675			844			71						5,584
Interest expense			—			—			—			—			—			199						199
Amortization of other intangible assets			29			2			—			40			—			—						71
Total benefits and expenses			12,315			3,528			205			6,440			844			276						23,608
Income (loss) before income taxes			3,492			560			(132)			700			269			(129)						4,760
Income tax expense (benefit)			712			113			(29)			143			56			(71)						924
Net income (loss)			2,780			447			(103)			557			213			(58)						3,836
Preferred stock dividends			—			—			—			—			—			21						21
Net Income (loss) available to common stockholders			2,780			447			(103)			557			213			(79)						3,815
Adjustments to reconcile net income available to common stockholders to core earnings (loss)
Net realized losses (gains), excluded from core earnings, before tax			89			12			3			36			(15)			(29)						96
Integration and other non-recurring M&A costs, before tax			7			—			—			—			—			—						7
Change in deferred gain on retroactive reinsurance, before tax			(64)			—			—			—			—			—						(64)
Income tax expense (benefit)			(6)			(2)			1			(7)			3			2						(9)
Core earnings (loss)			$	2,806		$	457		$	(99)		$	586		$	201		$	(106)					$	3,845

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THE HARTFORD INSURANCE GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
Year Ended December 31, 2024
($ in millions)
			Business Insurance			Personal Insurance			P&C Other Ops			Employee Benefits			Hartford Funds			Corporate						Consolidated
Earned premiums			$	12,721		$	3,453		$	—		$	6,393		$	—		$	—					$	22,567
Fee income			43			33			—			222			1,035			40						1,373
Net investment income			1,714			222			74			475			20			63						2,568
Net realized losses			(73)			(14)			(4)			(24)			12			42						(61)
Other revenue (loss)			1			85			—			—			—			2						88
Total revenues			14,406			3,779			70			7,066			1,067			147						26,535
Benefits, losses, and loss adjustment expenses			7,441			2,525			219			4,681			—			8						14,874
Amortization of DAC			1,993			255			—			34			—			—						2,282
Insurance operating costs and other expenses			2,018			740			13			1,609			824			54						5,258
Restructuring and other costs			—			—			—			—			—			2						2
Interest expense			—			—			—			—			—			199						199
Amortization of other intangible assets			29			2			—			40			—			—						71
Total benefits and expenses			11,481			3,522			232			6,364			824			263						22,686
Income (loss) before income taxes			2,925			257			(162)			702			243			(116)						3,849
Income tax expense (benefit)			576			49			(35)			141			51			(44)						738
Net income (loss)			2,349			208			(127)			561			192			(72)						3,111
Preferred stock dividends			—			—			—			—			—			21						21
Net income (loss) available to common stockholders			2,349			208			(127)			561			192			(93)						3,090
Adjustments to reconcile net income available to common stockholders to core earnings (loss)
Net realized losses (gains), excluded from core earnings, before tax			70			12			4			22			(12)			(40)						56
Restructuring costs, before tax			—			—			—			—			—			2						2
Integration and other non-recurring M&A costs, before tax			8			—			—			—			—			—						8
Change in deferred gain on retroactive reinsurance, before tax			(145)			—			62			—			—			—						(83)
Income tax expense (benefit)			14			(3)			(14)			(5)			2			9						3
Core earnings (loss)			$	2,296		$	217		$	(75)		$	578		$	182		$	(122)					$	3,076

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The Hartford defines increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa, as "NM" or not meaningful.

DISCUSSION OF NON-GAAP FINANCIAL MEASURES

The Hartford uses non-GAAP financial measures in this news release to assist investors in analyzing the company's operating performance for the periods presented herein. Because The Hartford's calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford's non-GAAP financial measures to those of other companies. Definitions and calculations of other financial measures used in this news release can be found below and in The Hartford's Investor Financial Supplement for fourth quarter 2025, which is available on The Hartford's website, https://ir.thehartford.com.

Annualized investment yield, excluding limited partnerships and other alternative investments - This non-GAAP measure is calculated as (a) the annualized net investment income, excluding limited partnerships and other alternative investments, divided by (b) the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value and limited partnerships and other alternative investments. The Company believes that annualized investment yield, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Annualized investment yield is the most directly comparable U.S GAAP measure. A reconciliation of annualized investment yield to annualized investment yield excluding limited partnerships and other alternative investments for the quarterly and twelve month periods ended December 31, 2025 and 2024 is provided in the table below.

			Three Months Ended
			Dec 31 2025			Dec 31 2024
Annualized investment yield			5.2		%	4.7		%
Adjustment for income from limited partnerships and other alternative investments			(0.6)		%	(0.1)		%
Annualized investment yield excluding limited partnerships and other alternative investments			4.6		%	4.6		%

						Twelve Months Ended
						Dec 31 2025			Dec 31 2024
			Annualized investment yield, before tax			4.7		%	4.3		%
			Adjustment for income from limited partnerships and other alternative investments			(0.2)		%	0.1		%
			Annualized investment yield excluding limited partnerships and other alternative investments, before tax			4.5		%	4.4		%

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Net investment income, excluding limited partnerships and other alternative investments-This non-GAAP measure is the amount of net investment income, on a Consolidated, P&C or Employee Benefits level earned from invested assets, excluding the net investment income related to limited partnerships and other alternative investments. The Company believes that net investment income, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Net investment income is the most directly comparable U.S. GAAP measure. A reconciliation of net investment income to net investment income excluding limited partnerships and other alternative investments for the quarterly periods ended December 31, 2025 and 2024 is provided in the table below.

			Three Months Ended
			Dec 31 2025			Dec 31 2024
Total net investment income			$	832		$	714
Adjustment for income from limited partnerships and other alternative investments			$	(160)		$	(79)
Net investment income excluding limited partnerships and other alternative investments			$	672		$	635

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Book value per diluted share (excluding AOCI) - This is a non-GAAP per share measure that is calculated by dividing (a) common stockholders' equity, excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. The Company provides this measure to enable investors to analyze the amount of the Company's net worth that is primarily attributable to the Company's business operations. The Company believes that excluding AOCI from the numerator is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per diluted share is the most directly comparable U.S. GAAP measure. A reconciliation of book value per diluted share to book value per diluted share (excluding AOCI) is provided in the table below.

			As of
			Dec 31 2025			Dec 31 2024			Change
Book value per diluted share			$66.31			$55.09			20.4%
Per diluted share impact of AOCI			$7.31			$9.86			(25.9%)
Book value per diluted share (excluding AOCI)			$73.62			$64.95			13.3%

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Core earnings - The Hartford uses the non-GAAP measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by including the net effect of certain items. Therefore, the following items are excluded from core earnings:

•Certain realized gains and losses - Generally realized gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income.

•Restructuring and other costs - Costs incurred as part of a restructuring plan are not a recurring operating expense of the business.

•Loss on extinguishment of debt - Largely consisting of make-whole payments or tender premiums upon paying debt off before maturity, these losses are not a recurring operating expense of the business.

•Gains and losses on reinsurance transactions - Gains or losses on reinsurance, such as those entered into upon sale of a business or to reinsure loss reserves, are not a recurring operating expense of the business.

•Integration and other non-recurring M&A costs - These costs, including transaction costs incurred in connection with an acquired business, are incurred over a short period of time and do not represent an ongoing operating expense of the business.

•Change in loss reserves upon acquisition of a business - These changes in loss reserves are excluded from core earnings because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition.

•Deferred gain resulting from retroactive reinsurance and subsequent changes in the deferred gain - Retroactive reinsurance agreements economically transfer risk to the reinsurers and excluding the deferred gain on retroactive reinsurance and related amortization of the deferred gain from core earnings provides greater insight into the economics of the business.

•Change in valuation allowance on deferred taxes related to non-core components of before tax income - These changes in valuation allowances are excluded from core earnings because they relate to non-core components of before tax income, such as tax attributes like capital loss carryforwards.

•Results of discontinued operations - These results are excluded from core earnings for businesses sold or held for sale because such results could obscure the ability to compare period over period results for our ongoing businesses.

In addition to the above components of net income available to common stockholders that are excluded from core earnings, preferred stock dividends declared, which are excluded from net income, are included in the determination of core earnings. Preferred stock dividends are a cost of financing more akin to interest expense on debt and are expected to be a recurring expense as long as the preferred stock is outstanding.

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Net income (loss) and net income (loss) available to common stockholders are the most directly comparable U.S. GAAP measures to core earnings. Core earnings should not be considered as a substitute for net income (loss) or net income (loss) available to common stockholders and does not reflect the overall profitability of the Company’s business. Therefore, The Hartford believes that it is useful for investors to evaluate net income (loss), net income (loss) available to common stockholders, and core earnings when reviewing the Company’s performance.

A reconciliation of net income (loss) to core earnings (loss) for the quarterly and twelve month periods ended December 31, 2025 and 2024, for individual reporting segments can be found in this news release under the heading "The Hartford Insurance Group, Inc. Consolidating Income Statements."

Core earnings margin - The Hartford uses the non-GAAP measure core earnings margin to evaluate, and believes it is an important measure of, the Employee Benefits segment's operating performance. Core earnings margin is calculated by dividing core earnings by revenues, excluding buyouts and realized gains (losses). Net income margin, calculated by dividing net income by revenues, is the most directly comparable U.S. GAAP measure. The Company believes that core earnings margin provides investors with a valuable measure of the performance of Employee Benefits because it reveals trends in the business that may be obscured by the effect of buyouts and realized gains (losses) as well as other items excluded in the calculation of core earnings. Core earnings margin should not be considered as a substitute for net income margin and does not reflect the overall profitability of Employee Benefits. Therefore, the Company believes it is important for investors to evaluate both core earnings margin and net income margin when reviewing performance. A reconciliation of net income margin to core earnings margin for the quarterly and twelve month periods ended December 31, 2025 and 2024, is set forth below.

			Three Months Ended												Twelve Months Ended
			Dec 31 2025			Dec 31 2024			Change						Dec 31 2025			Dec 31 2024			Change
Net income margin			7.2%			7.1%			0.1						7.8%			7.9%			(0.1)
Adjustments to reconcile net income margin to core earnings margin:
Net realized losses, before tax			0.5%			0.8%			(0.3)						0.5%			0.4%			0.1
Income tax benefit on items excluded from core earnings			(0.1)%			(0.1)%			—						(0.1)%			(0.1)%			—
Core earnings margin			7.6%			7.8%			(0.2)						8.2%			8.2%			—

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Core earnings per diluted share - This non-GAAP per share measure is calculated using the non-GAAP financial measure core earnings rather than the U.S. GAAP measure net income. The Company believes that core earnings per diluted share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) available to common stockholders per diluted common share is the most directly comparable U.S. GAAP measure. Core earnings per diluted share should not be considered as a substitute for net income (loss) available to common stockholders per diluted common share and does not reflect the overall profitability of the Company's business. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per diluted common share and core earnings per diluted share when reviewing the Company's performance. A reconciliation of net income available to common stockholders per diluted common share to core earnings per diluted share for the quarterly and twelve month periods ended December 31, 2025 and 2024 is provided in the table below.

			Three Months Ended									Twelve Months Ended
			Dec 31 2025			Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Per Share Data
Diluted earnings per common share:
Net income available to common stockholders per share1			$3.98			$2.88			38%			$13.32			$10.35			29%
Adjustments made to reconcile net income available to common stockholders per diluted share to core earnings per diluted share:
Net realized losses, excluded from core earnings, before tax			0.10			0.05			100%			0.34			0.19			79%
Restructuring and other costs, before tax			—			—			—%			—			0.01			(100)%
Integration and other non-recurring M&A costs, before tax			—			0.01			(100%)			0.02			0.03			(33)%
Change in deferred gain on retroactive reinsurance, before tax			—			0.01			(100%)			(0.22)			(0.28)			21%
Income tax benefit on items excluded from core earnings			(0.02)			(0.01)			(100%)			(0.04)			—			NM
Core earnings per diluted share			$4.06			$2.94			38%			$13.42			$10.30			30%
[1] Net income available to common stockholders includes dilutive potential common shares

22

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Core Earnings Return on Equity - The Company provides different measures of the return on stockholders' equity (ROE). Core earnings ROE is calculated based on non-GAAP financial measures. Core earnings ROE is calculated by dividing (a) the non-GAAP measure core earnings for the prior four fiscal quarters by (b) the non-GAAP measure average common stockholders' equity, excluding AOCI. Net income ROE is the most directly comparable U.S. GAAP measure. The Company excludes AOCI in the calculation of core earnings ROE to provide investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to the Company's business operations. The Company provides to investors return on equity measures based on its non-GAAP core earnings financial measure for the reasons set forth in the core earnings definition. A quantitative reconciliation of net income available to common stockholders ROE to core earnings ROE is not calculable on a forward-looking basis because it is not possible to provide a reliable forecast of realized gains and losses, which typically vary substantially from period to period.

A reconciliation of consolidated net income available to common stockholders ROE to consolidated core earnings ROE is set forth below.

			Three Months Ended
			Dec 31 2025			Dec 31 2024
Net income available to common stockholders ROE			22.0%			19.9%
Adjustments to reconcile net income available to common stockholders ROE to core earnings ROE:
Net realized losses excluded from core earnings, before tax			0.6%			0.4%
Integration and other non-recurring M&A costs, before tax			—%			0.1%
Change in deferred gain on retroactive reinsurance, before tax			(0.4)%			(0.5)%
Income tax benefit on items not included in core earnings			(0.1)%			—%
Impact of AOCI, excluded from denominator of core earnings ROE			(2.7)%			(3.2%)
Core earnings ROE			19.4%			16.7%

23

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Underlying combined ratio- This non-GAAP financial measure of underwriting results represents the combined ratio before catastrophes, prior accident year development and current accident year change in loss reserves upon acquisition of a business. Combined ratio is the most directly comparable U.S. GAAP measure. The Company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve development. The changes to loss reserves upon acquisition of a business are excluded from underlying combined ratio because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. A reconciliation of the combined ratio to the underlying combined ratio for individual reporting segments can be found in this news release under the heading "Business Results" for "Business Insurance" and "Personal Insurance". A reconciliation of the combined ratio to underlying combined ratio for lines of business within the Company's P&C reporting segments is set forth below.

SMALL BUSINESS

			Three Months Ended
			Dec 31 2025			Dec 31 2024									Change
Combined ratio			80.8			83.8									(3.0)
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			0.2			(1.2)									1.4
Prior accident year development			6.4			4.1									2.3
Underlying combined ratio			87.3			86.7									0.6

MIDDLE & LARGE BUSINESS

			Three Months Ended
			Dec 31 2025			Dec 31 2024									Change
Combined ratio			91.1			93.9									(2.8)
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			(0.7)			(0.5)									(0.2)
Prior accident year development			(1.0)			(3.3)									2.3
Underlying combined ratio			89.4			90.2									(0.8)

24

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GLOBAL SPECIALTY

			Three Months Ended
			Dec 31 2025			Dec 31 2024									Change
Combined ratio			78.1			84.7									(6.6)
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			2.0			(5.4)									7.4
Prior accident year development			7.5			4.3									3.2
Underlying combined ratio			87.6			83.6									4.0

PERSONAL AUTOMOBILE

			Three Months Ended
			Dec 31 2025			Dec 31 2024									Change
Combined ratio			92.7			98.3									(5.6)
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			(0.3)			—									(0.3)
Prior accident year development			6.5			4.7									1.8
Underlying combined ratio			98.9			103.0									(4.1)

HOMEOWNERS

			Three Months Ended
			Dec 31 2025			Dec 31 2024									Change
Combined ratio			53.7			57.8									(4.1)
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			(3.0)			(4.8)									1.8
Prior accident year development			4.8			8.6									(3.8)
Underlying combined ratio			55.5			61.7									(6.2)

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Underwriting gain (loss) -This non-GAAP financial measure is a before tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income (loss) is the most directly comparable U.S. GAAP measure. The Hartford's management evaluates profitability of the Business and Personal Insurance segments primarily on the basis of underwriting gain or loss. Underwriting gain (loss) is influenced significantly by earned premium growth and the adequacy of The Hartford's pricing. Underwriting profitability over time is also greatly influenced by The Hartford's underwriting discipline, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the Company's investing activities. A reconciliation of net income (loss) to underwriting gain (loss) for the quarterly and twelve months periods ended December 31, 2025 and 2024, is set forth below.

Underlying underwriting gain (loss) - This non-GAAP measure of underwriting profitability represents underwriting gain (loss) before current accident year catastrophes, PYD and current accident year change in loss reserves upon acquisition of a business. The most directly comparable U.S GAAP measure is net income (loss). The Company believes underlying underwriting gain (loss) is important to understand the Company’s periodic earnings because the volatile and unpredictable nature (i.e., the timing and amount) of catastrophes and prior accident year reserve development could obscure underwriting trends. The changes to loss reserves upon acquisition of a business are also excluded from underlying underwriting gain (loss) because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. A reconciliation of net income (loss) to underlying underwriting gain for individual reporting segments for the quarterly and twelve months periods ended December 31, 2025 and 2024, is set forth below.

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PROPERTY & CASUALTY

			Twelve Months Ended
			Dec 31 2025			Dec 31 2024
Net income			$	3,124		$	2,430
Adjustments to reconcile net income to underwriting gain:
Net investment income			(2,299)			(2,010)
Net realized losses			107			91
Net servicing and other (income) expense			(13)			(9)
Income tax expense			796			590
Underwriting gain			$	1,715		$	1,092

BUSINESS INSURANCE

			Three Months Ended						Twelve Months Ended
			Dec 31 2025			Dec 31 2024			Dec 31 2025			Dec 31 2024
Net income			$	897		$	708		$	2,780		$	2,349
Adjustments to reconcile net income to underwriting gain:
Net investment income			(562)			(479)			(1,967)			(1,714)
Net realized losses			21			3			91			73
Other expense			1			1			3			5
Income tax expense			234			183			712			576
Underwriting gain			591			416			1,619			1,289
Adjustments to reconcile underwriting gain to underlying underwriting gain:
Current accident year catastrophes			(12)			67			421			486
Prior accident year development			(152)			(58)			(441)			(231)
Underlying underwriting gain			$	427		$	425		$	1,599		$	1,544

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PERSONAL INSURANCE

			Three Months Ended						Twelve Months Ended
			Dec 31 2025			Dec 31 2024			Dec 31 2025			Dec 31 2024
Net income			$	212		$	154		$	447		$	208
Adjustments to reconcile net income to underwriting loss:
Net investment income			(74)			(64)			(256)			(222)
Net realized losses			3			5			13			14
Net servicing and other (income) expense			(3)			(3)			(17)			(18)
Income tax expense			55			37			113			49
Underwriting gain			193			129			300			31
Adjustments to reconcile underwriting gain to underlying underwriting gain:
Current accident year catastrophes			11			13			327			282
Prior accident year development			(56)			(53)			(179)			(108)
Underlying underwriting gain			$	148		$	89		$	448		$	205

Underlying loss and loss adjustment expense ratio - This non-GAAP financial measure is the cost of non-catastrophe loss and loss adjustment expenses incurred in the current accident year divided by earned premiums. The loss and loss adjustment expense ratio is the most directly comparable U.S. GAAP measure. Management believes that the underlying loss and loss adjustment expense ratio is a performance measure that is useful to investors as it removes the impact of volatile and unpredictable catastrophe losses and prior accident year development ("PYD"). A reconciliation of the loss and loss adjustment expense ratio to the underlying loss and loss adjustment expense ratio for the quarterly and twelve months periods ended December 31, 2025 and 2024, is set forth below.

BUSINESS INSURANCE

						Three Months Ended									Twelve Months Ended
						Dec 31 2025						Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Loss and loss adjustment expense ratio						51.5						56.3			(4.8)			56.8			58.5			(1.7)
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development						4.5						(0.2)			4.7			0.2			(2.0)			2.2
Underlying loss and loss adjustment expense ratio						56.1						56.0			0.1			57.0			56.5			0.5

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PERSONAL INSURANCE

						Three Months Ended									Twelve Months Ended
						Dec 31 2025						Dec 31 2024			Change			Dec 31 2025			Dec 31 2024			Change
Loss and loss adjustment expense ratio						53.3						59.3			(6.0)			65.9			73.1			(7.2)
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development						4.7						4.4			0.3			(4.0)			(5.1)			1.1
Underlying loss and loss adjustment expense ratio						58.1						63.7			(5.6)			61.9			68.1			(6.2)

PERSONAL INSURANCE - AUTOMOBILE

						Three Months Ended
						Dec 31 2025						Dec 31 2024			Change
Loss and loss adjustment expense ratio						66.9						72.5			(5.6)
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development						6.2						4.7			1.5
Underlying loss and loss adjustment expense ratio						73.2						77.2			(4.0)

PERSONAL INSURANCE - HOMEOWNERS

						Three Months Ended
						Dec 31 2025						Dec 31 2024			Change
Loss and loss adjustment expense ratio						26.8						29.5			(2.7)
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development						1.8						3.8			(2.0)
Underlying loss and loss adjustment expense ratio						28.5						33.3			(4.8)

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SAFE HARBOR STATEMENT

Certain of the statements contained herein are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “projects,” and similar references to future periods.

Forward-looking statements are based on management's current expectations and assumptions regarding future economic, competitive, legislative and other developments and their potential effect upon The Hartford Insurance Group, Inc. and its subsidiaries (collectively, the "Company" or "The Hartford"). Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from expectations depending on the evolution of various factors, including the risks and uncertainties identified below, as well as factors described in such forward-looking statements; or in The Hartford’s 2024 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission.

◦Risks Relating to Economic, Political and Global Market Conditions: challenges related to the Company’s current operating environment, including global political, economic and market conditions, and the effect of financial market disruptions, economic downturns, changes in trade regulation including tariffs and other barriers or other potentially adverse macroeconomic developments on the demand for our products and returns in our investment portfolios; market risks associated with our business, including changes in credit spreads, equity prices, interest rates, inflation rate, foreign currency exchange rates and market volatility; the impact on our investment portfolio if our investment portfolio is concentrated in any particular segment of the economy; the impacts of changing climate and weather patterns on our businesses, operations and investment portfolio including on claims, demand and pricing of our products, the availability and cost of reinsurance, our modeling data used to evaluate and manage risks of catastrophes and severe weather events, the value of our investment portfolios and credit risk with reinsurers and other counterparties;

◦Insurance Industry and Product-Related Risks: the possibility of unfavorable loss development, including with respect to long-tailed exposures; the significant uncertainties that limit our ability to estimate the ultimate reserves necessary for asbestos and environmental claims; the possibility of a pandemic, civil unrest, earthquake, or other natural or man-made disaster that may adversely affect our businesses; weather and other natural physical events, including the intensity and frequency of thunderstorms, tornadoes, hail, wildfires, flooding, winter storms, hurricanes and tropical storms, as well as climate change and its potential impact on weather patterns; the possible occurrence of terrorist attacks and the Company’s inability to contain its exposure as a result of, among other factors, the inability to exclude coverage for terrorist attacks from workers' compensation policies and limitations on reinsurance coverage from the federal government under applicable laws; the Company’s ability to effectively price its products and policies, including its ability to obtain regulatory consents to pricing actions or to non-renewal or withdrawal of certain product lines; actions by competitors that may be larger or have greater financial resources than we do; technological changes, including usage-based methods of determining premiums, advancements in certain emerging technologies, including machine learning, predictive analytics, “big data” analysis or other artificial intelligence functions, advancements in automotive safety features, the development of autonomous vehicles, and platforms that facilitate ride sharing could provide our competitors with a competitive advantage and could impact the rate and severity of claims, as well as the demand for our products; the

30

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Company's ability to market, distribute and provide insurance products and investment advisory services through current and future distribution channels and advisory firms; the uncertain effects of emerging claim and coverage issues; political instability, politically motivated violence or civil unrest, which may increase the frequency and severity of insured losses;

Financial Strength, Credit and Counterparty Risks: risks to our business, financial position, prospects and results associated with negative rating actions or downgrades in the Company’s financial strength and credit ratings or negative rating actions or downgrades relating to our investments; capital requirements which are subject to many factors, including many that are outside the Company’s control, such as National Association of Insurance Commissioners ("NAIC") risk based capital formulas, rating agency capital models, Funds at Lloyd's and Solvency Capital Requirement, which can in turn affect our credit and financial strength ratings, cost of capital, regulatory compliance and other aspects of our business and results; losses due to nonperformance or defaults by others, including credit risk with counterparties associated with investments, derivatives, premiums receivable, reinsurance recoverables and indemnifications provided by third parties in connection with previous dispositions; the potential for losses due to our reinsurers' unwillingness or inability to meet their obligations under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the Company against losses; state and international regulatory limitations on the ability of the Company and certain of its subsidiaries to declare and pay dividends;

Risks Relating to Estimates, Assumptions and Valuations: risks associated with the use of analytical models in making decisions in key areas such as underwriting, pricing, capital management, reserving, investments, reinsurance and catastrophe risk management; the potential for differing interpretations of the methodologies, estimations and assumptions that underlie the Company’s fair value estimates for its investments and the evaluation of intent-to-sell impairments and allowance for credit losses on available-for-sale securities and mortgage loans; the potential for impairments of our goodwill;

Strategic and Operational Risks: the Company’s ability to maintain the availability of its systems and safeguard the security of its data in the event of a disaster, cyber breach or other information security incident, technology failure or other unanticipated event; the potential for difficulties arising from outsourcing, including vendors and similar third-party relationships; the risks, challenges and uncertainties associated with capital management plans, expense reduction initiatives and other actions; risks associated with acquisitions and divestitures, including the challenges of integrating acquired companies or businesses, which may result in our inability to achieve the anticipated benefits and synergies and may result in unintended consequences; difficulty in attracting and retaining talented and qualified personnel, including key employees, such as executives, managers and employees with strong technological, analytical and other specialized skills; the Company’s ability to protect its intellectual property and defend against claims of infringement;

Regulatory and Legal Risks: the cost and other potential effects of increased federal, state and international regulatory and legislative developments, including those that could adversely impact the demand for the Company’s products, operating costs and required capital levels; unfavorable judicial or legislative developments; the impact of changes in federal, state or foreign tax laws; regulatory requirements that could delay, deter or prevent a takeover attempt that stockholders might consider in their best interests; and the impact of potential changes in accounting principles and related financial reporting requirements.

Any forward-looking statement made by the Company in this document speaks only as of the date of this release. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The

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Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

32

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The Hartford Insurance Group, Inc.

As of January 28, 2026

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-

A1

Navigators Insurance Company

A+

AA-

NR

- 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

A-

A3

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

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.

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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

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Table of Contents

The Hartford Insurance Group, Inc.

Consolidated Financial Results

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Highlights
Net income			$	1,131		$	1,080		$	995		$	630		$	853		$	767		$	738		$	753					$	3,836		$	3,111
Net income available to common stockholders [1]			$	1,126		$	1,074		$	990		$	625		$	848		$	761		$	733		$	748					$	3,815		$	3,090
Core earnings*			$	1,148		$	1,077		$	981		$	639		$	865		$	752		$	750		$	709					$	3,845		$	3,076
Total revenues			$	7,339		$	7,232		$	6,987		$	6,810		$	6,879		$	6,751		$	6,486		$	6,419					$	28,368		$	26,535
Total assets			$	85,997		$	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			$	4.05		$	3.82		$	3.49		$	2.18		$	2.93		$	2.60		$	2.48		$	2.51					$	13.51		$	10.51
Core earnings*			$	4.13		$	3.83		$	3.46		$	2.23		$	2.99		$	2.57		$	2.54		$	2.38					$	13.62		$	10.47
Diluted earnings per common share
Net income available to common stockholders			$	3.98		$	3.77		$	3.44		$	2.15		$	2.88		$	2.56		$	2.44		$	2.47					$	13.32		$	10.35
Core earnings*			$	4.06		$	3.78		$	3.41		$	2.20		$	2.94		$	2.53		$	2.50		$	2.34					$	13.42		$	10.30
Weighted average common shares outstanding (basic)			278.3			280.9			283.7			286.6			289.3			292.6			295.5			298.1						282.4			293.9
Dilutive effect of stock compensation			4.3			4.1			4.0			4.2			4.9			4.9			4.4			4.5						4.1			4.7
Weighted average common shares outstanding and dilutive potential common shares (diluted)			282.6			285.0			287.7			290.8			294.2			297.5			299.9			302.6						286.5			298.6
Common shares outstanding			276.9			279.6			282.3			285.1			287.6			290.8			294.0			296.8
Book value per common share			$	67.33		$	64.79		$	60.87		$	57.91		$	56.03		$	57.34		$	52.20		$	50.99
Per common share impact of accumulated other comprehensive income [2]			7.43			7.17			8.45			9.05			10.03			6.89			10.43			10.10
Book value per common share (excluding AOCI)*			$	74.76		$	71.96		$	69.32		$	66.96		$	66.06		$	64.23		$	62.63		$	61.09
Book value per diluted share			$	66.31		$	63.86		$	60.02		$	57.07		$	55.09		$	56.39		$	51.43		$	50.23
Per diluted share impact of AOCI			7.31			7.06			8.33			8.92			9.86			6.78			10.28			9.95
Book value per diluted share (excluding AOCI)*			$	73.62		$	70.92		$	68.35		$	65.99		$	64.95		$	63.17		$	61.71		$	60.18
Common shares outstanding and dilutive potential common shares			281.2			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")			22.0		%	20.3		%	19.8		%	18.8		%	19.9		%	20.0		%	19.8		%	18.5		%
Core earnings ROE*			19.4		%	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.

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Table of Contents

The Hartford Insurance Group, Inc.

Consolidated Statements of Operations

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Earned premiums			$	6,141		$	6,093		$	5,961		$	5,835		$	5,809		$	5,734		$	5,578		$	5,446					$	24,030		$	22,567
Fee income			368			361			342			346			354			347			339			333						1,417			1,373
Net investment income			832			759			664			656			714			659			602			593						2,911			2,568
Net realized gains (losses)			(29)			(12)			(10)			(49)			(17)			(13)			(59)			28						(100)			(61)
Other revenues			27			31			30			22			19			24			26			19						110			88
Total revenues			7,339			7,232			6,987			6,810			6,879			6,751			6,486			6,419						28,368			26,535
Benefits, losses and loss adjustment expenses			3,733			3,793			3,712			4,000			3,779			3,823			3,661			3,611						15,238			14,874
Amortization of deferred policy acquisition costs ("DAC")			645			639			625			607			591			585			561			545						2,516			2,282
Insurance operating costs and other expenses			1,481			1,414			1,337			1,352			1,367			1,323			1,285			1,283						5,584			5,258
Interest expense			49			50			50			50			50			49			50			50						199			199
Amortization of other intangible assets			18			18			17			18			18			18			17			18						71			71
Restructuring and other costs [1]			—			—			—			—			—			1			—			1						—			2
Total benefits, losses and expenses			5,926			5,914			5,741			6,027			5,805			5,799			5,574			5,508						23,608			22,686
Income before income taxes			1,413			1,318			1,246			783			1,074			952			912			911						4,760			3,849
Income tax expense			282			238			251			153			221			185			174			158						924			738
Net income			1,131			1,080			995			630			853			767			738			753						3,836			3,111
Preferred stock dividends			5			6			5			5			5			6			5			5						21			21
Net income available to common stockholders			1,126			1,074			990			625			848			761			733			748						3,815			3,090
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			29			10			10			47			16			12			58			(30)						96			56
Restructuring and other costs, before tax [1]			—			—			—			—			—			1			—			1						—			2
Integration and other non-recurring M&A costs, before tax [2]			1			2			2			2			2			2			2			2						7			8
Change in deferred gain on retroactive reinsurance, before tax [3]			—			(8)			(24)			(32)			4			(26)			(37)			(24)						(64)			(83)
Income tax expense (benefit) [4]			(8)			(1)			3			(3)			(5)			2			(6)			12						(9)			3
Core earnings			$	1,148		$	1,077		$	981		$	639		$	865		$	752		$	750		$	709					$	3,845		$	3,076

[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 $64 for the year ended December 31, 2025 and $58 and $145 for the three months and the year ended December 31, 2024, respectively. The deferred gain has been fully amortized as of September 30, 2025. In addition, for the three and twelve month periods ended December 31, 2024, the Company ceded, $62 of losses under the asbestos and environmental adverse development cover ("A&E ADC"), which was reflected as an increase to the deferred gain.

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

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Table of Contents

The Hartford Insurance Group, Inc.

Operating Results By Segment

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net income (loss):
Business Insurance			$	897		$	710		$	696		$	477		$	708		$	528		$	540		$	573					$	2,780		$	2,349
Personal Insurance			212			139			91			5			154			31			(11)			34						447			208
Property & Casualty Other Operations ("P&C Other Operations")			(141)			12			13			13			(156)			10			11			8						(103)			(127)
Property & Casualty ("P&C")			968			861			800			495			706			569			540			615						3,124			2,430
Employee Benefits			130			144			150			133			126			156			171			108						557			561
Hartford Funds			59			57			54			43			49			54			44			45						213			192
Sub-total			1,157			1,062			1,004			671			881			779			755			768						3,894			3,183
Corporate			(26)			18			(9)			(41)			(28)			(12)			(17)			(15)						(58)			(72)
Net income			1,131			1,080			995			630			853			767			738			753						3,836			3,111
Preferred stock dividends			5			6			5			5			5			6			5			5						21			21
Net income available to common stockholders			$	1,126		$	1,074		$	990		$	625		$	848		$	761		$	733		$	748					$	3,815		$	3,090
Core earnings (loss):
Business Insurance			$	915		$	723		$	697		$	471		$	665		$	534		$	551		$	546					$	2,806		$	2,296
Personal Insurance			214			143			94			6			155			33			(4)			33						457			217
P&C Other Operations			(140)			14			14			13			(106)			10			14			7						(99)			(75)
P&C			989			880			805			490			714			577			561			586						3,164			2,438
Employee Benefits			138			149			163			136			139			154			178			107						586			578
Hartford Funds			58			53			46			44			51			47			43			41						201			182
Sub-total			1,185			1,082			1,014			670			904			778			782			734						3,951			3,198
Corporate			(37)			(5)			(33)			(31)			(39)			(26)			(32)			(25)						(106)			(122)
Core earnings			$	1,148		$	1,077		$	981		$	639		$	865		$	752		$	750		$	709					$	3,845		$	3,076

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The Hartford Insurance Group, Inc.

Consolidating Balance Sheets

			Property & Casualty									Employee Benefits									Hartford Funds									Corporate [1]									Consolidated
			Dec 31 2025			Dec 31 2024						Dec 31 2025			Dec 31 2024						Dec 31 2025			Dec 31 2024						Dec 31 2025			Dec 31 2024						Dec 31 2025			Dec 31 2024
Investments
Fixed maturities, available-for-sale ("AFS"), at fair value			$	37,689		$	34,421					$	8,157		$	7,959					$	—		$	—					$	195		$	187					$	46,041		$	42,567
Fixed maturities, at fair value using the fair value option			127			254						41			54						—			—						—			—						168			308
Equity securities, at fair value			121			212						23			46						70			109						278			236						492			603
Mortgage loans, net			5,263			4,751						1,574			1,645						—			—						—			—						6,837			6,396
Limited partnerships and other alternative investments			4,503			3,974						1,186			1,068						—			—						115			—						5,804			5,042
Other investments			212			168						6			6						44			52						—			—						262			226
Short-term investments			2,104			2,075						365			389						385			291						1,499			1,313						4,353			4,068
Total investments			50,019			45,855						11,352			11,167						499			452						2,087			1,736						63,957			59,210
Cash			117			148						—			26						11			9						5			—						133			183
Restricted cash			42			42						2			9						—			—						—			—						44			51
Accrued investment income			378			352						94			92						1			1						1			5						474			450
Premiums receivable and agents’ balances, net			5,727			5,390						589			608						—			—						—			—						6,316			5,998
Reinsurance recoverables, net [2]			6,684			6,626						294			290						—			—						213			224						7,191			7,140
Deferred policy acquisition costs ("DAC")			1,309			1,206						38			33						—			—						—			—						1,347			1,239
Deferred income taxes			485			746						(32)			33						—			2						448			448						901			1,229
Goodwill			778			778						723			723						181			181						229			229						1,911			1,911
Property and equipment, net			825			778						59			62						4			6						43			42						931			888
Other intangible assets			280			310						276			317						10			10						—			—						566			637
Other assets			1,627			1,411						169			142						106			100						324			328						2,226			1,981
Total assets			$	68,271		$	63,642					$	13,564		$	13,502					$	812		$	761					$	3,350		$	3,012					$	85,997		$	80,917
Unpaid losses and loss adjustment expenses			$	38,155		$	36,404					$	8,113		$	8,206					$	—		$	—					$	—		$	—					$	46,268		$	44,610
Reserves for future policy benefits [2]			—			—						291			290						—			—						153			158						444			448
Other policyholder funds and benefits payable [2]			—			—						409			401						—			—						203			213						612			614
Unearned premiums			10,012			9,368						41			40						—			—						—			—						10,053			9,408
Debt			—			—						—			—						—			—						4,371			4,366						4,371			4,366
Other liabilities			3,064			2,796						227			219						176			173						1,803			1,836						5,270			5,024
Total liabilities			51,231			48,568						9,081			9,156						176			173						6,530			6,573						67,018			64,470
Common stockholders' equity, excluding AOCI*			17,450			16,206						4,678			4,706						636			588						(2,062)			(2,501)						20,702			18,999
Preferred stock			—			—						—			—						—			—						334			334						334			334
AOCI, net of tax			(410)			(1,132)						(195)			(360)						—			—						(1,452)			(1,394)						(2,057)			(2,886)
Total stockholders' equity			17,040			15,074						4,483			4,346						636			588						(3,180)			(3,561)						18,979			16,447
Total liabilities and stockholders' equity			$	68,271		$	63,642					$	13,564		$	13,502					$	812		$	761					$	3,350		$	3,012					$	85,997		$	80,917

[1]Corporate includes fixed maturities, short-term investments, investment sales receivable and cash of approximately $1.5 billion and $1.3 billion as of December 31, 2025 and December 31, 2024, respectively, 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.

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The Hartford Insurance Group, Inc.

Capital Structure

			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024
Debt
Senior notes			$	3,872		$	3,871		$	3,870		$	3,869		$	3,867		$	3,866		$	3,865		$	3,864
Junior subordinated debentures			499			499			499			499			499			499			499			499
Total debt			$	4,371		$	4,370		$	4,369		$	4,368		$	4,366		$	4,365		$	4,364		$	4,363
Stockholders' Equity
Total stockholders’ equity			$	18,979		$	18,450		$	17,518		$	16,844		$	16,447		$	17,008		$	15,680		$	15,468
Less: Preferred stock			334			334			334			334			334			334			334			334
Less: AOCI			(2,057)			(2,003)			(2,384)			(2,580)			(2,886)			(2,005)			(3,068)			(2,997)
Common stockholders' equity, excluding AOCI			$	20,702		$	20,119		$	19,568		$	19,090		$	18,999		$	18,679		$	18,414		$	18,131
Capitalization
Total capitalization, including AOCI, net of tax			$	23,350		$	22,820		$	21,887		$	21,212		$	20,813		$	21,373		$	20,044		$	19,831
Total capitalization, excluding AOCI, net of tax*			$	25,407		$	24,823		$	24,271		$	23,792		$	23,699		$	23,378		$	23,112		$	22,828
Debt to Capitalization Ratios
Total debt to capitalization, including AOCI			18.7		%	19.1		%	20.0		%	20.6		%	21.0		%	20.4		%	21.8		%	22.0		%
Total debt to capitalization, excluding AOCI*			17.2		%	17.6		%	18.0		%	18.4		%	18.4		%	18.7		%	18.9		%	19.1		%
Total debt and preferred stock to capitalization, including AOCI			20.1		%	20.6		%	21.5		%	22.2		%	22.6		%	22.0		%	23.4		%	23.7		%
Total debt and preferred stock to capitalization, excluding AOCI*			18.5		%	19.0		%	19.4		%	19.8		%	19.8		%	20.1		%	20.3		%	20.6		%
Total rating agency adjusted debt to capitalization [1] [2]			19.5		%	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]			21.6:1			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 December 31, 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.

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The Hartford Insurance Group, Inc.

Statutory Capital To GAAP Stockholders' Equity Reconciliation

December 31, 2025

			P&C			Employee Benefits
U.S. statutory net income [1][2]			$	2,870		$	566
U.S. statutory capital [2][3][4]			$	14,437		$	2,674
U.S. GAAP adjustments [2]:
DAC			1,258			38
Non-admitted deferred tax assets [5]			233			145
Deferred taxes [6]			(476)			(343)
Goodwill			116			723
Other intangible assets			13			276
Non-admitted assets other than deferred taxes			902			110
Asset valuation and interest maintenance reserve			—			265
Benefit reserves			(60)			416
Unrealized losses on investments			(564)			(571)
Deferred gain on retroactive reinsurance agreements [7]			(850)			—
Other, net			861			750
U.S. GAAP stockholders’ equity of U.S. insurance entities [2]			15,870			4,483
U.S. GAAP stockholders’ equity of international subsidiaries as well as goodwill and other intangible assets related to the acquisition of Navigators Group			1,170			—
Total U.S. GAAP stockholders’ equity			$	17,040		$	4,483

[1]Statutory net income is for the year ended December 31, 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.

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The Hartford Insurance Group, Inc.

Accumulated Other Comprehensive Income (Loss)

 

			As Of
			Dec 31 2025			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			$	(641)		$	(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)			(3)			(5)			(6)			(6)			(5)			(7)			(7)
Net gains on cash flow hedging instruments			16			15			6			40			40			33			30			21
Total net unrealized gain (loss)			(628)			(644)			(1,028)			(1,203)			(1,505)			(643)			$	(1,709)		$	(1,628)
Foreign currency translation adjustments			42			43			45			29			29			41			35			36
Liability for future policy benefits adjustments			24			22			29			30			33			19			35			30
Pension and other postretirement plan adjustments			(1,495)			(1,424)			(1,430)			(1,436)			(1,443)			(1,422)			(1,429)			(1,435)
Total AOCI			$	(2,057)		$	(2,003)		$	(2,384)		$	(2,580)		$	(2,886)		$	(2,005)		$	(3,068)		$	(2,997)

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The Hartford Insurance Group, Inc.

Property & Casualty

Income Statements

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Written premiums			$	4,231		$	4,560		$	4,796		$	4,599		$	4,045		$	4,245		$	4,453		$	4,206					$	18,186		$	16,949
Change in unearned premium reserve			(309)			70			441			376			(164)			111			483			345						578			775
Earned premiums			4,540			4,490			4,355			4,223			4,209			4,134			3,970			3,861						17,608			16,174
Fee income			20			19			19			19			19			19			19			19						77			76
Losses and loss adjustment expenses
Current accident year before catastrophes			2,564			2,661			2,537			2,454			2,426			2,464			2,347			2,300						10,216			9,537
Current accident year catastrophes			(1)			70			212			467			80			247			280			161						748			768
Prior accident year development [1]			(12)			(103)			(187)			(122)			101			(50)			(115)			(56)						(424)			(120)
Total losses and loss adjustment expenses			2,551			2,628			2,562			2,799			2,607			2,661			2,512			2,405						10,540			10,185
Amortization of DAC			637			631			616			599			583			577			552			536						2,483			2,248
Insurance operating costs			767			728			681			696			689			669			655			642						2,872			2,655
Amortization of other intangible assets			8			8			7			8			8			8			7			8						31			31
Dividends to policyholders			11			12			11			10			10			10			9			10						44			39
Underwriting gain*			586			502			497			130			331			228			254			279						1,715			1,092
Net investment income			656			605			526			512			562			518			471			459						2,299			2,010
Net realized gains (losses)			(25)			(30)			(26)			(26)			(9)			(34)			(61)			13						(107)			(91)
Net servicing and other income (expense)			2			3			4			4			2			—			5			2						13			9
Income before income taxes			1,219			1,080			1,001			620			886			712			669			753						3,920			3,020
Income tax expense			251			219			201			125			180			143			129			138						796			590
Net income			968			861			800			495			706			569			540			615						3,124			2,430
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			24			28			28			24			6			33			62			(15)						104			86
Integration and other non-recurring M&A costs, before tax			1			2			2			2			2			2			2			2						7			8
Change in deferred gain on retroactive reinsurance, before tax [1]			—			(8)			(24)			(32)			4			(26)			(37)			(24)						(64)			(83)
Income tax expense (benefit) [2]			(4)			(3)			(1)			1			(4)			(1)			(6)			8						(7)			(3)
Core earnings			$	989		$	880		$	805		$	490		$	714		$	577		$	561		$	586					$	3,164		$	2,438
ROE
Net income available to common stockholders [3]			23.7		%	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			0.8		%	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		%	0.1		%
Change in deferred gain on retroactive reinsurance, before tax [1]			(0.5		%)	(0.5		%)	(0.7		%)	(0.8		%)	(0.7		%)	1.0		%	1.3		%	1.6		%
Income tax benefit [2]			(0.1		%)	(0.1		%)	—		%	(0.1		%)	—		%	(0.4		%)	(0.5		%)	(0.6		%)
Impact of AOCI, excluded from core earnings ROE			(1.6		%)	(1.0		%)	(2.0		%)	(1.8		%)	(2.3		%)	(2.7		%)	(3.1		%)	(2.6)		%
Core earnings [3]			22.4		%	20.7		%	18.8		%	17.3		%	18.4		%	19.0		%	18.9		%	18.1		%

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

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

[3]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.

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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																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Workers’ compensation			$	(67)		$	(62)		$	(61)		$	(65)		$	(70)		$	(69)		$	(52)		$	(67)					$	(255)		$	(258)
Workers' compensation discount accretion			11			11			11			12			10			11			11			12						45			44
General liability			—			—			—			—			130			32			32			17						—			211
Marine			—			—			—			—			—			—			(8)			7						—			(1)
Package business			—			—			—			—			—			(5)			(1)			—						—			(6)
Commercial property			(14)			(5)			(20)			(3)			—			(2)			(2)			(3)						(42)			(7)
Professional liability			(6)			—			(11)			—			(20)			—			(2)			(5)						(17)			(27)
Bond			(49)			—			(22)			—			(34)			—			(22)			—						(71)			(56)
Assumed reinsurance			—			—			—			—			—			—			15			9						—			24
Commercial automobile liability			12			—			—			—			21			16			10			—						12			47
Personal automobile liability			(32)			(33)			(10)			(12)			(17)			—			(13)			—						(87)			(30)
Homeowners			(7)			(5)			(13)			(18)			(13)			(5)			(10)			—						(43)			(28)
Net asbestos and environmental reserves [1]			165			—			—			—			141			—			—			—						165			141
Catastrophes			(45)			—			(39)			—			(49)			—			(38)			—						(84)			(87)
Uncollectible reinsurance			—			6			—			—			(19)			—			—			—						6			(19)
Other reserve re-estimates, net [2]			20			(7)			2			(4)			17			(2)			2			(2)						11			15
Prior accident year development before change in deferred gain			(12)			(95)			(163)			(90)			97			(24)			(78)			(32)						(360)			(37)
Change in deferred gain on retroactive reinsurance included in other liabilities [1][3]			—			(8)			(24)			(32)			4			(26)			(37)			(24)						(64)			(83)
Total prior accident year development			$	(12)		$	(103)		$	(187)		$	(122)		$	101		$	(50)		$	(115)		$	(56)					$	(424)		$	(120)

[1]A&E reserves were reviewed in fourth quarter 2025 and 2024. The 2025 study resulted in an increase in reserves of $165. The 2024 study resulted in an increase in reserves before ADC reinsurance of $203, for which $62 was recorded as a deferred gain on retroactive reinsurance and not included in the Company’s core earnings. Any net adverse loss development above the treaty limit, including $165 and $141 recognized in the three months ended December 31, 2025 and 2024, respectively, is reflected in the Company's core earnings. For 2025 and 2024, the total A&E reserve development included an increase in asbestos reserves of $122 and $167, respectively, and an increase in environmental reserves of $43 and $36, respectively.

[2]Other reserve re-estimates for the three months ended December 31, 2025 and 2024 primarily included increases in unallocated loss adjustment expense ("ULAE") reserves of $31 and $28, respectively, within P&C Other Operations driven by the increase in gross A&E reserves discussed in [1] above. The years ended December 31, 2025 and 2024 also included a favorable change of $(34) and $(32), respectively, in automobile physical damage reserves within Personal Insurance.

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

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Table of Contents

The Hartford Insurance Group, Inc.

Property & Casualty

Underwriting Ratios

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Underwriting Gain			$	586		$	502		$	497		$	130		$	331		$	228		$	254		$	279					$	1,715		$	1,092
Underwriting Ratios
Loss and loss adjustment expense ratio			56.2			58.5			58.8			66.3			61.9			64.4			63.3			62.3						59.9			63.0
Expense ratio [1]			30.7			30.0			29.5			30.4			29.9			29.9			30.1			30.2						30.2			30.0
Policyholder dividend ratio			0.2			0.3			0.3			0.2			0.2			0.2			0.2			0.3						0.2			0.2
Combined ratio			87.1			88.8			88.6			96.9			92.1			94.5			93.6			92.8						90.3			93.2
Current accident year catastrophes and prior accident year development			0.3			0.7			(0.6)			(8.2)			(4.3)			(4.8)			(4.2)			(2.7)						(1.8)			(4.0)
Underlying combined ratio*			87.4			89.6			88.0			88.8			87.8			89.7			89.5			90.1						88.4			89.2
Loss and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio*			56.5			59.3			58.3			58.1			57.6			59.6			59.1			59.6						58.0			59.0
Current accident year catastrophes			—			1.6			4.9			11.1			1.9			6.0			7.1			4.2						4.2			4.7
Prior accident year development [2]			(0.3)			(2.3)			(4.3)			(2.9)			2.4			(1.2)			(2.9)			(1.5)						(2.4)			(0.7)
Total loss and loss adjustment expense ratio			56.2			58.5			58.8			66.3			61.9			64.4			63.3			62.3						59.9			63.0

[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.

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Table of Contents

The Hartford Insurance Group, Inc.

Business Insurance

Income Statements

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Written premiums			$	3,381		$	3,573		$	3,816		$	3,686		$	3,174		$	3,275		$	3,540		$	3,362					$	14,456		$	13,351
Change in unearned premium reserve			(214)			33			392			362			(129)			26			419			314						573			630
Earned premiums			3,595			3,540			3,424			3,324			3,303			3,249			3,121			3,048						13,883			12,721
Fee income			12			11			11			11			10			11			11			11						45			43
Losses and loss adjustment expenses
Current accident year before catastrophes			2,015			2,051			1,952			1,891			1,849			1,862			1,750			1,725						7,909			7,186
Current accident year catastrophes			(12)			39			114			280			67			155			155			109						421			486
Prior accident year development [1]			(152)			(60)			(146)			(83)			(58)			(36)			(81)			(56)						(441)			(231)
Total losses and loss adjustment expenses			1,851			2,030			1,920			2,088			1,858			1,981			1,824			1,778						7,889			7,441
Amortization of DAC			565			559			546			531			516			512			489			476						2,201			1,993
Insurance operating costs			581			546			507			512			505			497			484			487						2,146			1,973
Amortization of other intangible assets			8			7			7			7			8			7			7			7						29			29
Dividends to policyholders			11			12			11			10			10			10			9			10						44			39
Underwriting gain			591			397			444			187			416			253			319			301						1,619			1,289
Net investment income			562			519			449			437			479			442			402			391						1,967			1,714
Net realized gains (losses)			(21)			(26)			(20)			(24)			(3)			(32)			(50)			12						(91)			(73)
Other income (expense) [2]			(1)			—			(1)			(1)			(1)			(1)			(1)			(2)						(3)			(5)
Income before income taxes			1,131			890			872			599			891			662			670			702						3,492			2,925
Income tax expense			234			180			176			122			183			134			130			129						712			576
Net income			897			710			696			477			708			528			540			573						2,780			2,349
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			21			23			23			22			2			31			50			(13)						89			70
Integration and other non-recurring M&A costs, before tax [2]			1			2			2			2			2			2			2			2						7			8
Change in deferred gain on retroactive reinsurance, before tax [1]			—			(8)			(24)			(32)			(58)			(26)			(37)			(24)						(64)			(145)
Income tax expense (benefit) [3]			(4)			(4)			—			2			11			(1)			(4)			8						(6)			14
Core earnings			$	915		$	723		$	697		$	471		$	665		$	534		$	551		$	546					$	2,806		$	2,296

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

[2]Includes Navigators Group integration costs.

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

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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																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Workers’ compensation			$	(67)		$	(62)		$	(61)		$	(65)		$	(70)		$	(69)		$	(52)		$	(67)					$	(255)		$	(258)
Workers' compensation discount accretion			11			11			11			12			10			11			11			12						45			44
General liability			—			—			—			—			130			32			32			17						—			211
Marine			—			—			—			—			—			—			(8)			7						—			(1)
Package business			—			—			—			—			—			(5)			(1)			—						—			(6)
Commercial property			(14)			(5)			(20)			(3)			—			(2)			(2)			(3)						(42)			(7)
Professional liability			(6)			—			(11)			—			(20)			—			(2)			(5)						(17)			(27)
Bond			(49)			—			(22)			—			(34)			—			(22)			—						(71)			(56)
Assumed reinsurance			—			—			—			—			—			—			15			9						—			24
Automobile liability			12			—			—			—			21			16			10			—						12			47
Catastrophes			(35)			—			(28)			—			(34)			—			(33)			—						(63)			(67)
Uncollectible reinsurance			—			—			—			—			—			—			—			(7)						—			(7)
Other reserve re-estimates, net			(4)			4			9			5			(3)			7			8			5						14			17
Prior accident year development before change in deferred gain			(152)			(52)			(122)			(51)			—			(10)			(44)			(32)						(377)			(86)
Change in deferred gain on retroactive reinsurance included in other liabilities [1]			—			(8)			(24)			(32)			(58)			(26)			(37)			(24)						(64)			(145)
Total prior accident year development			$	(152)		$	(60)		$	(146)		$	(83)		$	(58)		$	(36)		$	(81)		$	(56)					$	(441)		$	(231)

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

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The Hartford Insurance Group, Inc.

Business Insurance

Underwriting Ratios 

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Underwriting Gain			$	591		$	397		$	444		$	187		$	416		$	253		$	319		$	301					$	1,619		$	1,289
Underwriting Ratios
Loss and loss adjustment expense ratio			51.5			57.3			56.1			62.8			56.3			61.0			58.4			58.3						56.8			58.5
Expense ratio [1]			31.8			31.1			30.6			31.3			30.8			30.9			31.1			31.5						31.2			31.1
Policyholder dividend ratio			0.3			0.3			0.3			0.3			0.3			0.3			0.3			0.3						0.3			0.3
Combined ratio			83.6			88.8			87.0			94.4			87.4			92.2			89.8			90.1						88.3			89.9
Current accident year catastrophes and prior accident year development			4.5			0.6			1.0			(5.9)			(0.2)			(3.7)			(2.4)			(1.8)						0.2			(2.0)
Underlying combined ratio			88.1			89.4			88.0			88.4			87.1			88.6			87.4			88.4						88.5			87.9
Loss and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio			56.1			57.9			57.0			56.9			56.0			57.3			56.1			56.6						57.0			56.5
Current accident year catastrophes			(0.3)			1.1			3.3			8.4			2.0			4.8			5.0			3.6						3.0			3.8
Prior accident year development			(4.2)			(1.7)			(4.3)			(2.5)			(1.8)			(1.1)			(2.6)			(1.8)						(3.2)			(1.8)
Total loss and loss adjustment expense ratio			51.5			57.3			56.1			62.8			56.3			61.0			58.4			58.3						56.8			58.5
Combined Ratios by Line of Business
Small Business
Combined ratio			80.8			87.9			89.7			93.3			83.8			91.6			88.7			89.0						87.8			88.2
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			0.2			(1.3)			(5.1)			(8.0)			(1.2)			(6.4)			(6.1)			(3.8)						(3.5)			(4.3)
Prior accident year development			6.4			3.2			4.5			4.1			4.1			4.1			4.2			4.3						4.5			4.2
Underlying combined ratio			87.3			89.8			89.0			89.4			86.7			89.3			86.8			89.6						88.9			88.1
Middle & Large Business
Combined ratio			91.1			90.8			86.6			99.8			93.9			97.0			95.9			94.0						92.0			95.2
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			(0.7)			—			(1.1)			(8.9)			(0.5)			(3.5)			(4.8)			(3.6)						(2.6)			(3.1)
Prior accident year development			(1.0)			0.6			3.6			(0.3)			(3.3)			(3.3)			(1.4)			(1.2)						0.7			(2.3)
Underlying combined ratio			89.4			91.4			89.1			90.6			90.2			90.2			89.6			89.2						90.1			89.8
Global Specialty
Combined ratio			78.1			86.9			85.9			89.3			84.7			87.4			83.4			87.8						85.0			85.8
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			2.0			(2.2)			(3.2)			(8.7)			(5.4)			(3.8)			(3.5)			(3.3)						(3.0)			(4.0)
Prior accident year development			7.5			1.1			2.1			3.4			4.3			1.7			5.3			0.7						3.6			3.0
Underlying combined ratio			87.6			85.8			84.8			84.0			83.6			85.3			85.2			85.3						85.6			84.8

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

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Table of Contents

The Hartford Insurance Group, Inc.

Business Insurance

Supplemental Data

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Written Premiums
Small Business			$	1,444		$	1,490		$	1,503		$	1,553		$	1,330		$	1,347		$	1,373		$	1,425					$	5,990		$	5,475
Middle & Large Business			1,116			1,231			1,197			1,111			1,059			1,117			1,140			1,016						4,655			4,332
Middle Market			936			1,054			1,039			931			900			962			993			872						3,960			3,727
National Accounts and Other			180			177			158			180			159			155			147			144						695			605
Global Specialty [1]			805			836			1,100			1,006			769			797			1,013			907						3,747			3,486
U.S.			541			551			619			559			533			544			595			505						2,270			2,177
International			134			114			142			113			123			102			125			106						503			456
Global Re			130			171			339			334			113			151			293			296						974			853
Other			16			16			16			16			16			14			14			14						64			58
Total			$	3,381		$	3,573		$	3,816		$	3,686		$	3,174		$	3,275		$	3,540		$	3,362					$	14,456		$	13,351
Earned Premiums
Small Business			$	1,497		$	1,465		$	1,418		$	1,360		$	1,355		$	1,323		$	1,284		$	1,248					$	5,740		$	5,210
Middle & Large Business			1,164			1,144			1,100			1,075			1,069			1,065			1,021			996						4,483			4,151
Middle Market			992			976			942			924			918			921			879			864						3,834			3,582
National Accounts and Other			172			168			158			151			151			144			142			132						649			569
Global Specialty [1]			918			915			890			873			865			847			802			789						3,596			3,303
U.S.			574			568			549			540			547			540			514			503						2,231			2,104
International			121			122			119			113			115			113			108			105						475			441
Global Re			223			225			222			220			203			194			180			181						890			758
Other			16			16			16			16			14			14			14			15						64			57
Total			$	3,595		$	3,540		$	3,424		$	3,324		$	3,303		$	3,249		$	3,121		$	3,048					$	13,883		$	12,721
Business Insurance Statistical Premium Information
Small Business
Net New Business Premium			$	295		$	308		$	305		$	298		$	264		$	278		$	291		$	268					$	1,206		$	1,101
Renewal Written Price Increases			4.3		%	5.4		%	6.0		%	6.5		%	7.5		%	6.5		%	6.4		%	5.6		%				5.5		%	6.5		%
Policy Count Retention			84		%	84		%	83		%	84		%	84		%	84		%	84		%	85		%				84		%	84		%
Policies In-Force (in thousands)			1,657			1,640			1,615			1,591			1,570			1,558			1,537			1,512
Middle Market [2]
Net New Business Premium			$	176		$	211		$	190		$	188		$	180		$	176		$	187		$	174					$	765		$	717
Renewal Written Price Increases			4.5		%	5.9		%	7.1		%	7.3		%	6.5		%	6.7		%	6.8		%	7.2		%				6.2		%	6.8		%
Premium Retention			83		%	84		%	82		%	81		%	84		%	85		%	83		%	84		%				83		%	84		%
Global Specialty
Gross New Business Premium [3]			$	249		$	238		$	278		$	225		$	224		$	233		$	264		$	223					$	990		$	944
Renewal Written Price Increases [4]			3.9		%	3.9		%	5.1		%	5.8		%	5.8		%	5.5		%	6.3		%	6.2		%				4.7		%	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.

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The Hartford Insurance Group, Inc.

Personal Insurance

Income Statements

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Written premiums			$	850		$	987		$	980		$	913		$	871		$	970		$	913		$	844					$	3,730		$	3,598
Change in unearned premium reserve			(95)			37			49			14			(35)			85			64			31						5			145
Earned premiums			945			950			931			899			906			885			849			813						3,725			3,453
Fee income			8			8			8			8			9			8			8			8						32			33
Losses and loss adjustment expenses
Current accident year before catastrophes			549			610			585			563			577			602			597			575						2,307			2,351
Current accident year catastrophes			11			31			98			187			13			92			125			52						327			282
Prior accident year development			(56)			(43)			(41)			(39)			(53)			(14)			(34)			(7)						(179)			(108)
Total losses and loss adjustment expenses			504			598			642			711			537			680			688			620						2,455			2,525
Amortization of DAC			72			72			70			68			67			65			63			60						282			255
Insurance operating costs			184			180			172			182			182			169			169			153						718			673
Amortization of other intangible assets			—			1			—			1			—			1			—			1						2			2
Underwriting gain (loss)			193			107			55			(55)			129			(22)			(63)			(13)						300			31
Net investment income			74			67			58			57			64			58			50			50						256			222
Net realized gains (losses)			(3)			(4)			(4)			(2)			(5)			(2)			(8)			1						(13)			(14)
Net servicing and other income (expense)			3			4			5			5			3			5			6			4						17			18
Income (loss) before income taxes			267			174			114			5			191			39			(15)			42						560			257
Income tax expense (benefit)			55			35			23			—			37			8			(4)			8						113			49
Net income (loss)			212			139			91			5			154			31			(11)			34						447			208
Adjustments to reconcile net income (loss) to core earnings (loss):
Net realized losses (gains), excluded from core earnings, before tax			2			5			3			2			3			2			9			(2)						12			12
Income tax expense (benefit) [1]			—			(1)			—			(1)			(2)			—			(2)			1						(2)			(3)
Core earnings (loss)			$	214		$	143		$	94		$	6		$	155		$	33		$	(4)		$	33					$	457		$	217

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

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The Hartford Insurance Group, Inc.

Personal Insurance

Income Statements (Continued)

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

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Automobile liability			$	(32)		$	(33)		$	(10)		$	(12)		$	(17)		$	—		$	(13)		$	—					$	(87)		$	(30)
Homeowners			(7)			(5)			(13)			(18)			(13)			(5)			(10)			—						(43)			(28)
Catastrophes			(10)			—			(11)			—			(15)			—			(5)			—						(21)			(20)
Uncollectible reinsurance			—			—			—			—			—			—			—			—						—			—
Other reserve re-estimates, net [1]			(7)			(5)			(7)			(9)			(8)			(9)			(6)			(7)						(28)			(30)
Total prior accident year development			$	(56)		$	(43)		$	(41)		$	(39)		$	(53)		$	(14)		$	(34)		$	(7)					$	(179)		$	(108)

[1]Other reserve re-estimates, net includes a favorable change in automobile physical damage reserves of $(8) and $(34) for the three and twelve months ended December 31, 2025 and $(8) and $(32) for the three and twelve months ended December 31, 2024, respectively.

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The Hartford Insurance Group, Inc.

Personal Insurance

Underwriting Ratios

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Underwriting Gain (Loss)			$	193		$	107		$	55		$	(55)		$	129		$	(22)		$	(63)		$	(13)					$	300		$	31
Underwriting Ratios
Loss and loss adjustment expense ratio			53.3			62.9			69.0			79.1			59.3			76.8			81.0			76.3						65.9			73.1
Expense ratio			26.2			25.8			25.1			27.0			26.5			25.6			26.4			25.3						26.0			26.0
Combined ratio			79.6			88.7			94.1			106.1			85.8			102.5			107.4			101.6						91.9			99.1
Current accident year catastrophes and prior accident year development			4.7			1.2			(6.1)			(16.5)			4.4			(8.8)			(10.7)			(5.5)						(4.0)			(5.1)
Underlying combined ratio			84.3			90.0			88.0			89.7			90.2			93.7			96.7			96.1						88.0			94.1
Loss and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio			58.1			64.2			62.8			62.6			63.7			68.0			70.3			70.7						61.9			68.1
Current accident year catastrophes			1.2			3.3			10.5			20.8			1.4			10.4			14.7			6.4						8.8			8.2
Prior accident year development			(5.9)			(4.5)			(4.4)			(4.3)			(5.8)			(1.6)			(4.0)			(0.9)						(4.8)			(3.1)
Total loss and loss adjustment expense ratio			53.3			62.9			69.0			79.1			59.3			76.8			81.0			76.3						65.9			73.1
Combined Ratios by Product
Automobile
Combined ratio			92.7			92.5			94.0			93.5			98.3			105.7			105.4			103.9						93.2			103.3
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			(0.3)			(0.6)			(1.8)			(1.2)			—			(5.8)			(3.6)			(1.0)						(1.0)			(2.6)
Prior accident year development			6.5			6.0			3.0			3.8			4.7			1.6			3.1			1.6						4.8			2.8
Underlying combined ratio			98.9			97.9			95.2			96.1			103.0			101.5			104.9			104.4						97.0			103.4
Homeowners
Combined ratio			53.7			81.2			94.4			133.2			57.8			94.7			114.5			96.2						89.2			90.1
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes			(3.0)			(8.3)			(28.8)			(63.7)			(4.8)			(21.0)			(40.4)			(18.7)						(24.8)			(20.9)
Prior accident year development			4.8			1.6			7.1			5.6			8.6			1.7			3.7			(0.5)						4.7			3.5
Underlying combined ratio			55.5			74.4			72.7			75.1			61.7			75.4			77.8			77.0						69.2			72.7

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The Hartford Insurance Group, Inc.

Personal Insurance

Supplemental Data

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Distribution
Written Premiums
Direct			$	672		$	798		$	796		$	758		$	716		$	815		$	780		$	728					$	3,024		$	3,039
Agency			178			189			184			155			155			155			133			116						706			559
Total			$	850		$	987		$	980		$	913		$	871		$	970		$	913		$	844					$	3,730		$	3,598
Earned Premiums
Direct			$	768		$	781		$	776		$	757		$	769		$	761		$	735		$	706					$	3,082		$	2,971
Agency			177			169			155			142			137			124			114			107						643			482
Total			$	945		$	950		$	931		$	899		$	906		$	885		$	849		$	813					$	3,725		$	3,453
Product Line
Written Premiums
Automobile			$	551		$	633		$	633		$	627		$	590		$	649		$	617		$	600					$	2,444		$	2,456
Homeowners			299			354			347			286			281			321			296			244						1,286			1,142
Total			$	850		$	987		$	980		$	913		$	871		$	970		$	913		$	844					$	3,730		$	3,598
Earned Premiums
Automobile			$	625		$	634		$	628		$	618		$	627		$	616		$	592		$	566					$	2,505		$	2,401
Homeowners			320			316			303			281			279			269			257			247						1,220			1,052
Total			$	945		$	950		$	931		$	899		$	906		$	885		$	849		$	813					$	3,725		$	3,453

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The Hartford Insurance Group, Inc.

Personal Insurance

Supplemental Data (Continued)

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Statistical Premium Information (Year Over Year)
Net New Business Premium
Automobile			$	52		$	71		$	81		$	81		$	77		$	83		$	82		$	72					$	285		$	314
Homeowners			$	45		$	59		$	69		$	62		$	59		$	60		$	47		$	34					$	235		$	200
Renewal Written Price Increases
Automobile			10.4		%	11.3		%	13.9		%	15.7		%	19.0		%	20.7		%	23.4		%	25.5		%				12.8		%	22.1		%
Homeowners			11.9		%	12.6		%	12.6		%	12.3		%	13.8		%	15.1		%	14.9		%	15.2		%				12.3		%	14.7		%
Effective Policy Count Retention
Automobile			80		%	80		%	79		%	79		%	79		%	79		%	79		%	79		%				79		%	79		%
Homeowners			82		%	82		%	83		%	83		%	83		%	83		%	84		%	83		%				82		%	83		%
Policies In-Force (in thousands)
Automobile			1,054			1,091			1,121			1,146			1,171			1,193			1,214			1,233
Homeowners			716			723			724			719			712			707			702			701

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The Hartford Insurance Group, Inc.

P&C Other Operations

Income Statements

 

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Losses and loss adjustment expenses
Prior accident year development [1] [2]			$	196		$	—		$	—		$	—		$	212		$	—		$	—		$	7					$	196		$	219
Total losses and loss adjustment expenses			196			—			—			—			212			—			—			7						196			219
Insurance operating costs			2			2			2			2			2			3			2			2						8			9
Underwriting loss			(198)			(2)			(2)			(2)			(214)			(3)			(2)			(9)						(204)			(228)
Net investment income			20			19			19			18			19			18			19			18						76			74
Net realized losses			(1)			—			(2)			—			(1)			—			(3)			—						(3)			(4)
Other expense			—			(1)			—			—			—			(4)			—			—						(1)			(4)
Income (loss) before income taxes			(179)			16			15			16			(196)			11			14			9						(132)			(162)
Income tax expense (benefit)			(38)			4			2			3			(40)			1			3			1						(29)			(35)
Net income (loss)			(141)			12			13			13			(156)			10			11			8						(103)			(127)
Adjustments to reconcile net income (loss) to core earnings (loss):
Net realized losses excluded from core earnings, before tax			1			—			2			—			1			—			3			—						3			4
Change in deferred gain on retroactive reinsurance, before tax			—			—			—			—			62			—			—			—						—			62
Income tax expense (benefit) [3]			—			2			(1)			—			(13)			—			—			(1)						1			(14)
Core earnings (loss)			$	(140)		$	14		$	14		$	13		$	(106)		$	10		$	14		$	7					$	(99)		$	(75)

[1]Refer to [1] on page 9 for discussion related to prior year development on A&E reserves and the related deferred gain on retroactive reinsurance.

[2]Refer to [2] on page 9 for a discussion of an increase in ULAE reserves for the three months ended December 31, 2025 and 2024.

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

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The Hartford Insurance Group, Inc.

Employee Benefits

Income Statements

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Earned premiums			$	1,601		$	1,603		$	1,606		$	1,612		$	1,600		$	1,600		$	1,608		$	1,585					$	6,422		$	6,393
Fee income			55			55			57			56			56			55			57			54						223			222
Net investment income			153			136			118			126			130			119			112			114						533			475
Net realized gains (losses)			(10)			(8)			(16)			(4)			(16)			—			(9)			1						(38)			(24)
Total revenues			1,799			1,786			1,765			1,790			1,770			1,774			1,768			1,754						7,140			7,066
Benefits, losses and loss adjustment expenses			1,180			1,163			1,150			1,199			1,169			1,161			1,147			1,204						4,692			4,681
Amortization of DAC			8			8			9			8			8			8			9			9						33			34
Insurance operating costs and other expenses			437			425			407			406			424			401			387			397						1,675			1,609
Amortization of other intangible assets			10			10			10			10			10			10			10			10						40			40
Total benefits, losses and expenses			1,635			1,606			1,576			1,623			1,611			1,580			1,553			1,620						6,440			6,364
Income before income taxes			164			180			189			167			159			194			215			134						700			702
Income tax expense			34			36			39			34			33			38			44			26						143			141
Net income			130			144			150			133			126			156			171			108						557			561
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			9			8			15			4			15			(1)			9			(1)						36			22
Income tax benefit [1]			(1)			(3)			(2)			(1)			(2)			(1)			(2)			—						(7)			(5)
Core earnings			$	138		$	149		$	163		$	136		$	139		$	154		$	178		$	107					$	586		$	578
Margin
Net income margin			7.2		%	8.1		%	8.5		%	7.4		%	7.1		%	8.8		%	9.7		%	6.2		%				7.8		%	7.9		%
Core earnings margin*			7.6		%	8.3		%	9.2		%	7.6		%	7.8		%	8.7		%	10.0		%	6.1		%				8.2		%	8.2		%
ROE
Net income available to common stockholders [2]			15.0		%	14.7		%	16.1		%	16.6		%	15.5		%	17.7		%	18.0		%	16.1		%
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			1.0		%	1.2		%	1.0		%	0.8		%	0.7		%	0.2		%	1.1		%	1.3		%
Integration and other non-recurring M&A costs, before tax [3]			—		%	—		%	—		%	—		%	—		%	—		%	0.1		%	0.1		%
Income tax benefit [1]			(0.2		%)	(0.2		%)	(0.2		%)	(0.2		%)	(0.1		%)	(0.1		%)	(0.3		%)	(0.3		%)
Impact of AOCI, excluded from core earnings ROE			(1.2		%)	(0.9		%)	(1.6		%)	(1.7		%)	(1.7		%)	(2.2		%)	(2.5		%)	(2.1		%)
Core earnings [2]			14.6		%	14.8		%	15.3		%	15.5		%	14.4		%	15.6		%	16.4		%	15.1		%

[1]Represents federal income tax benefit related to before tax items not included in core earnings.

[2]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 Employee Benefits.

[3]Includes integration costs in connection with the 2017 acquisition of Aetna's group life and disability business.

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The Hartford Insurance Group, Inc.

Employee Benefits

Supplemental Data

 

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Premiums
Fully insured ongoing premiums
Group disability			$	840		$	835		$	838		$	844		$	845		$	835		$	837		$	836					$	3,357		$	3,353
Group life			640			648			644			650			651			658			663			645						2,582			2,617
Other [1]			121			120			120			118			104			107			107			104						479			422
Total fully insured ongoing premiums			1,601			1,603			1,602			1,612			1,600			1,600			1,607			1,585						6,418			6,392
Total buyouts [2]			—			—			4			—			—			—			1			—						4			1
Total premiums			$	1,601		$	1,603		$	1,606		$	1,612		$	1,600		$	1,600		$	1,608		$	1,585					$	6,422		$	6,393
Sales (Gross Annualized New Premiums)
Fully insured ongoing sales
Group disability			$	31		$	53		$	48		$	162		$	37		$	53		$	37		$	247					$	294		$	374
Group life			19			33			44			163			23			32			51			154						259			260
Other [1]			9			19			15			56			8			20			13			43						99			84
Total fully insured ongoing sales			59			105			107			381			68			105			101			444						652			718
Total buyouts [2]			—			—			4			—			—			—			1			—						4			1
Total sales			$	59		$	105		$	111		$	381		$	68		$	105		$	102		$	444					$	656		$	719
Ratios, Excluding Buyouts
Group disability loss ratio			70.5		%	70.6		%	68.5		%	69.0		%	66.9		%	67.9		%	67.1		%	70.1		%				69.6		%	68.0		%
Group life loss ratio			76.9		%	74.2		%	74.3		%	79.9		%	79.9		%	77.5		%	74.9		%	82.6		%				76.3		%	78.7		%
Total loss ratio			71.3		%	70.1		%	69.1		%	71.9		%	70.6		%	70.2		%	68.9		%	73.5		%				70.6		%	70.8		%
Expense ratio			27.5		%	26.7		%	25.7		%	25.4		%	26.7		%	25.3		%	24.4		%	25.4		%				26.3		%	25.4		%

[1]Includes other group coverages such as retiree health insurance, critical illness, accident and hospital indemnity coverages.

[2]Takeover of open claim liabilities and other non-recurring premium amounts.

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Table of Contents

The Hartford Insurance Group, Inc.

Hartford Funds

Income Statements

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Investment management fees			$	225		$	216		$	198		$	202		$	208		$	202		$	195		$	191					$	841		$	796
Shareowner servicing fees			23			24			22			23			23			23			21			21						92			88
Other revenue			43			41			42			39			44			43			42			42						165			171
Net realized gains (losses)			1			5			9			—			(3)			7			3			5						15			12
Total revenues			292			286			271			264			272			275			261			259						1,113			1,067
Sub-advisory expense			83			79			72			73			76			73			71			69						307			289
Employee compensation and benefits			32			33			31			39			33			31			32			35						135			131
Distribution and service			76			75			70			73			77			75			74			73						294			299
General, administrative and other			27			27			30			24			24			29			26			26						108			105
Total expenses			218			214			203			209			210			208			203			203						844			824
Income before income taxes			74			72			68			55			62			67			58			56						269			243
Income tax expense			15			15			14			12			13			13			14			11						56			51
Net income			59			57			54			43			49			54			44			45						213			192
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			(1)			(5)			(9)			—			3			(7)			(3)			(5)						(15)			(12)
Income tax expense (benefit) [1]			—			1			1			1			(1)			—			2			1						3			2
Core earnings			$	58		$	53		$	46		$	44		$	51		$	47		$	43		$	41					$	201		$	182
Daily average Hartford Funds AUM			$153,441			$	148,269		$	138,195		$	141,834		$	142,230		$	137,888		$	134,064		$	131,648					$	145,474		$	136,477
Return on assets (bps, net of tax) [2]
Net income			15.4			15.4			15.6			12.1			13.8			15.7			13.1			13.7						14.6			14.1
Core earnings*			15.1			14.3			13.3			12.4			14.3			13.6			12.8			12.5						13.8			13.3
ROE
Net income available to common stockholders [3]			43.2		%	41.8		%	42.9		%	42.2		%	43.4		%	44.1		%	42.2		%	43.6		%
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax			(3.1		%)	(2.3		%)	(2.9		%)	(1.6		%)	(2.8		%)	(5.5		%)	(2.9		%)	(2.5		%)
Income tax expense (benefit) [1]			0.6		%	0.4		%	0.2		%	0.5		%	0.5		%	0.7		%	0.7		%	0.3		%
Impact of AOCI, excluded from core earnings ROE			(1.0		%)	(0.8		%)	(1.1		%)	(1.3		%)	(1.4		%)	(1.5		%)	(1.6		%)	(1.7		%)
Core earnings [3]			39.7		%	39.1		%	39.1		%	39.8		%	39.7		%	37.8		%	38.4		%	39.7		%

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

[2]Represents annualized earnings divided by daily average assets under management ("AUM"), as measured in basis points ("bps") which represents one hundredth of one percent.

[3]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 Hartford Funds.

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Table of Contents

The Hartford Insurance Group, Inc.

Hartford Funds

Asset Value Rollforward

Assets Under Management By Asset Class

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Equity Funds
Beginning balance			$	94,454		$	89,072		$	82,792		$	84,000		$	87,271		$	83,212		$	83,337		$	79,352					$	84,000		$	79,352
Sales			4,560			4,644			3,946			5,295			3,682			3,364			3,612			3,428						18,445			14,086
Redemptions			(5,738)			(4,792)			(5,167)			(6,434)			(4,787)			(4,298)			(4,831)			(5,488)						(22,131)			(19,404)
Net flows			(1,178)			(148)			(1,221)			(1,139)			(1,105)			(934)			(1,219)			(2,060)						(3,686)			(5,318)
Change in market value and other			2,189			5,530			7,501			(69)			(2,166)			4,993			1,094			6,045						15,151			9,966
Ending balance			$	95,465		$	94,454		$	89,072		$	82,792		$	84,000		$	87,271		$	83,212		$	83,337					$	95,465		$	84,000
Fixed Income Funds
Beginning balance			$	22,843		$	21,827		$	21,398		$	21,059		$	19,347		$	17,825		$	17,201		$	16,773					$	21,059		$	16,773
Sales			2,129			2,129			2,124			1,978			3,229			1,905			1,569			1,822						8,360			8,525
Redemptions			(1,522)			(1,609)			(2,066)			(1,970)			(1,290)			(1,150)			(1,080)			(1,497)						(7,167)			(5,017)
Net flows			607			520			58			8			1,939			755			489			325						1,193			3,508
Change in market value and other			209			496			371			331			(227)			767			135			103						1,407			778
Ending balance			$	23,659		$	22,843		$	21,827		$	21,398		$	21,059		$	19,347		$	17,825		$	17,201					$	23,659		$	21,059
Multi-Strategy Investments Funds [1]
Beginning balance			$	18,632		$	18,544		$	18,321		$	18,512		$	19,425		$	18,807		$	19,268		$	19,292					$	18,512		$	19,292
Sales			397			325			350			458			455			400			472			387						1,530			1,714
Redemptions			(873)			(821)			(731)			(905)			(834)			(902)			(930)			(954)						(3,330)			(3,620)
Net flows			(476)			(496)			(381)			(447)			(379)			(502)			(458)			(567)						(1,800)			(1,906)
Change in market value and other			268			584			604			256			(534)			1,120			(3)			543						1,712			1,126
Ending balance			$	18,424		$	18,632		$	18,544		$	18,321		$	18,512		$	19,425		$	18,807		$	19,268					$	18,424		$	18,512
Exchange-Traded Funds ("ETF") AUM
Beginning balance			$	5,068		$	4,847		$	4,708		$	4,483		$	4,323		$	3,842		$	3,753		$	3,899					$	4,483		$	3,899
Net flows			305			99			29			146			341			256			103			(209)						579			491
Change in market value and other			48			122			110			79			(181)			225			(14)			63						359			93
Ending balance			$	5,421		$	5,068		$	4,847		$	4,708		$	4,483		$	4,323		$	3,842		$	3,753					$	5,421		$	4,483
Mutual Fund and ETF AUM
Beginning balance			$	140,997		$	134,290		$	127,219		$	128,054		$	130,366		$	123,686		$	123,559		$	119,316					$	128,054		$	119,316
Sales - mutual fund			7,086			7,098			6,420			7,731			7,366			5,669			5,653			5,637						28,335			24,325
Redemptions - mutual fund			(8,133)			(7,222)			(7,964)			(9,309)			(6,911)			(6,350)			(6,841)			(7,939)						(32,628)			(28,041)
Net flows - ETF			305			99			29			146			341			256			103			(209)						579			491
Net flows - mutual fund and ETF			(742)			(25)			(1,515)			(1,432)			796			(425)			(1,085)			(2,511)						(3,714)			(3,225)
Change in market value and other			2,714			6,732			8,586			597			(3,108)			7,105			1,212			6,754						18,629			11,963
Ending balance			142,969			140,997			134,290			127,219			128,054			130,366			123,686			123,559						142,969			128,054
Third-party life and annuity separate account AUM			11,260			11,341			11,226			10,879			11,544			12,073			11,832			12,083						11,260			11,544
Hartford Funds AUM			$	154,229		$	152,338		$	145,516		$	138,098		$	139,598		$	142,439		$	135,518		$	135,642					$	154,229		$	139,598

[1]Includes balanced, allocation, and alternative investment products.

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The Hartford Insurance Group, Inc.

Corporate

Income Statements

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Fee income [1]			$	9		$	10		$	10		$	11		$	10		$	10		$	10		$	10					$	40		$	40
Other revenue			7			6			5			1			—			1			1			—						19			2
Net investment income			16			14			14			14			16			17			14			16						58			63
Net realized gains (losses)			5			21			23			(19)			11			14			8			9						30			42
Total revenues			37			51			52			7			37			42			33			35						147			147
Benefits, losses and loss adjustment expenses [2]			2			2			—			2			3			1			2			2						6			8
Insurance operating costs and other expenses [1]			30			13			14			14			17			12			11			14						71			54
Interest expense			49			50			50			50			50			49			50			50						199			199
Restructuring and other costs			—			—			—			—			—			1			—			1						—			2
Total expenses			81			65			64			66			70			63			63			67						276			263
Loss before income taxes			(44)			(14)			(12)			(59)			(33)			(21)			(30)			(32)						(129)			(116)
Income tax benefit			(18)			(32)			(3)			(18)			(5)			(9)			(13)			(17)						(71)			(44)
Net income (loss)			(26)			18			(9)			(41)			(28)			(12)			(17)			(15)						(58)			(72)
Preferred stock dividends			5			6			5			5			5			6			5			5						21			21
Net income (loss) available to common stockholders			(31)			12			(14)			(46)			(33)			(18)			(22)			(20)						(79)			(93)
Adjustments to reconcile net income (loss) available to common stockholders to core loss:
Net realized losses (gains), excluded from core earnings, before tax			(3)			(21)			(24)			19			(8)			(13)			(10)			(9)						(29)			(40)
Restructuring and other costs, before tax			—			—			—			—			—			1			—			1						—			2
Income tax expense (benefit) [3]			(3)			4			5			(4)			2			4			—			3						2			9
Core loss			$	(37)		$	(5)		$	(33)		$	(31)		$	(39)		$	(26)		$	(32)		$	(25)					$	(106)		$	(122)

[1]Includes investment management fees and expenses related to managing third-party assets.

[2]Includes benefits, losses and loss adjustment expenses for run-off structured settlement and terminal funding agreement liabilities.

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

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The Hartford Insurance Group, Inc.

Investment Income Before Tax

Consolidated

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Investment Income (Loss)
Fixed maturities [1]
Taxable			$	579		$	574		$	553		$	538		$	533		$	533		$	496		$	483					$	2,244		$	2,045
Tax-exempt			27			29			31			36			38			37			41			43						123			159
Total fixed maturities			606			603			584			574			571			570			537			526						2,367			2,204
Equity securities			8			4			5			4			15			5			6			9						21			35
Mortgage loans			78			76			72			70			70			68			65			63						296			266
Limited partnerships and other alternative investments [2]			160			91			13			39			79			37			16			16						303			148
Other [3]			5			8			13			(3)			6			1			1			6						23			14
Subtotal			857			782			687			684			741			681			625			620						3,010			2,667
Investment expense			(25)			(23)			(23)			(28)			(27)			(22)			(23)			(27)						(99)			(99)
Total net investment income			$	832		$	759		$	664		$	656		$	714		$	659		$	602		$	593					$	2,911		$	2,568
Annualized investment yield, before tax [4]			5.2		%	4.8		%	4.3		%	4.3		%	4.7		%	4.4		%	4.1		%	4.1		%				4.7		%	4.3		%
Annualized limited partnerships and other alternative investment yield, before tax [4]			11.4		%	6.7		%	1.0		%	3.1		%	6.4		%	3.0		%	1.3		%	1.3		%				5.8		%	3.0		%
Annualized investment yield, before tax, excluding limited partnership and other alternative investments [4]*			4.6		%	4.6		%	4.6		%	4.4		%	4.6		%	4.5		%	4.4		%	4.3		%				4.5		%	4.4		%
Annualized investment yield, net of tax [4]			4.1		%	3.9		%	3.5		%	3.4		%	3.8		%	3.5		%	3.3		%	3.3		%				3.7		%	3.5		%
Annualized investment yield, net of tax, excluding limited partnership and other alternative investments [4]*			3.7		%	3.7		%	3.7		%	3.5		%	3.7		%	3.6		%	3.5		%	3.5		%				3.6		%	3.6		%
Average reinvestment rate [5]			5.4		%	5.7		%	5.9		%	5.6		%	5.7		%	5.5		%	6.4		%	6.1		%				5.6		%	5.9		%
Average sales/maturities yield [6]			5.3		%	5.2		%	4.6		%	4.9		%	5.4		%	4.4		%	4.9		%	5.0		%				5.0		%	5.0		%
Portfolio duration (in years) [7]			3.9			3.8			3.9			3.9			3.8			3.9			3.9			4.0						3.9			3.8

[1]Includes income on short-term investments.

[2]Within Property & Casualty, other alternative investments include an insurer-owned life insurance policy, which is primarily invested in private equity funds and fixed income.

[3]Includes changes in fair value of certain equity fund investments and income from derivatives that qualify for hedge accounting and are used to hedge fixed maturities.

[4]Represents annualized net investment income divided by the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value.

[5]Represents the annualized yield on fixed maturities and mortgage loans that were purchased during the respective period. Excludes U.S. Treasury securities and cash equivalents.

[6]Represents the annualized yield on fixed maturities and mortgage loans that were sold, matured, or redeemed, including calls and paydowns, during the respective period. Excludes U.S. Treasury securities and cash equivalents.

[7]Excludes certain short-term investments.

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The Hartford Insurance Group, Inc.

Investment Income Before Tax

Property & Casualty

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Investment Income (Loss)
Fixed maturities [1]
Taxable			$	462		$	458		$	440		$	426		$	421		$	420		$	389		$	373					$	1,786		$	1,603
Tax-exempt			21			23			24			27			29			28			29			32						95			118
Total fixed maturities			483			481			464			453			450			448			418			405						1,881			1,721
Equity securities			2			3			1			2			8			3			3			6						8			20
Mortgage loans			59			59			54			53			52			51			49			46						225			198
Limited partnerships and other alternative investments [2]			125			71			11			28			65			31			16			15						235			127
Other [3]			6			9			13			(2)			8			2			2			8						26			20
Subtotal			675			623			543			534			583			535			488			480						2,375			2,086
Investment expense			(19)			(18)			(17)			(22)			(21)			(17)			(17)			(21)						(76)			(76)
Total net investment income			$	656		$	605		$	526		$	512		$	562		$	518		$	471		$	459					$	2,299		$	2,010
Annualized investment yield, before tax [4]			5.2		%	4.9		%	4.4		%	4.3		%	4.8		%	4.5		%	4.2		%	4.1		%				4.7		%	4.4		%
Annualized limited partnerships and other alternative investment yield, before tax [4]			11.5		%	6.8		%	1.1		%	2.8		%	6.7		%	3.2		%	1.6		%	1.6		%				5.7		%	3.3		%
Annualized investment yield, before tax, excluding limited partnership and other alternative investments [4]			4.6		%	4.7		%	4.7		%	4.4		%	4.6		%	4.6		%	4.4		%	4.3		%				4.6		%	4.5		%
Annualized investment yield, net of tax [4]			4.2		%	3.9		%	3.5		%	3.4		%	3.8		%	3.6		%	3.4		%	3.3		%				3.8		%	3.5		%
Annualized investment yield, net of tax, excluding limited partnership and other alternative investments [4]			3.7		%	3.8		%	3.7		%	3.5		%	3.7		%	3.7		%	3.5		%	3.5		%				3.7		%	3.6		%
Average reinvestment rate [5]			5.4		%	5.6		%	5.8		%	5.6		%	5.7		%	5.5		%	6.4		%	6.1		%				5.6		%	5.9		%
Average sales/maturities yield [6]			5.3		%	5.2		%	4.7		%	4.9		%	5.6		%	4.5		%	4.9		%	4.9		%				5.0		%	5.1		%
Portfolio duration (in years) [7]			3.7			3.7			3.8			3.7			3.7			3.7			3.8			3.8						3.7			3.7

Footnotes [1] through [7] are explained on page 26.

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Table of Contents

The Hartford Insurance Group, Inc.

Investment Income Before Tax

Employee Benefits

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Investment Income (Loss)
Fixed maturities [1]
Taxable			$	102		$	100		$	98		$	97		$	96		$	94		$	92		$	93					$	397		$	375
Tax-exempt			4			5			6			7			8			7			10			10						22			35
Total fixed maturities			106			105			104			104			104			101			102			103						419			410
Equity securities			—			—			1			1			2			1			1			1						2			5
Mortgage loans			19			17			18			17			18			17			16			17						71			68
Limited partnerships and other alternative investments [2]			35			20			2			11			14			6			—			1						68			21
Other [3]			(1)			(1)			(1)			(1)			(2)			(1)			(1)			(2)						(4)			(6)
Subtotal			159			141			124			132			136			124			118			120						556			498
Investment expense			(6)			(5)			(6)			(6)			(6)			(5)			(6)			(6)						(23)			(23)
Total net investment income			$	153		$	136		$	118		$	126		$	130		$	119		$	112		$	114					$	533		$	475
Annualized investment yield, before tax [4]			5.3		%	4.8		%	4.1		%	4.3		%	4.5		%	4.1		%	3.9		%	3.9		%				4.6		%	4.1		%
Annualized limited partnerships and other alternative investment yield, before tax [4]			12.4		%	7.1		%	0.8		%	4.1		%	5.2		%	2.3		%	—		%	0.4		%				6.3		%	2.0		%
Annualized investment yield, before tax, excluding limited partnership and other alternative investments [4]			4.5		%	4.5		%	4.4		%	4.4		%	4.4		%	4.3		%	4.3		%	4.2		%				4.4		%	4.3		%
Annualized investment yield, net of tax [4]			4.2		%	3.8		%	3.3		%	3.5		%	3.6		%	3.3		%	3.1		%	3.1		%				3.7		%	3.3		%
Annualized investment yield, net of tax, excluding limited partnership and other alternative investments [4]			3.6		%	3.6		%	3.5		%	3.5		%	3.5		%	3.4		%	3.4		%	3.4		%				3.5		%	3.4		%
Average reinvestment rate [5]			5.6		%	5.9		%	6.1		%	5.8		%	5.8		%	5.9		%	6.6		%	6.4		%				5.9		%	6.1		%
Average sales/maturities yield [6]			5.0		%	5.1		%	4.3		%	4.7		%	4.8		%	4.3		%	4.8		%	5.2		%				4.8		%	4.8		%
Portfolio duration (in years) [7]			5.0			4.9			5.0			5.0			4.9			5.0			4.9			5.1						5.0			4.9

Footnotes [1] through [7] are explained on page 26.

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The Hartford Insurance Group, Inc.

Net Investment Income

Consolidated

			Three Months Ended																											Year Ended
Net Investment Income by Segment			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Investment Income
Business Insurance			$	562		$	519		$	449		$	437		$	479		$	442		$	402		$	391					$	1,967		$	1,714
Personal Insurance			74			67			58			57			64			58			50			50						256			222
P&C Other Operations			20			19			19			18			19			18			19			18						76			74
Total Property & Casualty			656			605			526			512			562			518			471			459						2,299			2,010
Employee Benefits			153			136			118			126			130			119			112			114						533			475
Hartford Funds			7			4			6			4			6			5			5			4						21			20
Corporate			16			14			14			14			16			17			14			16						58			63
Total net investment income by segment			$	832		$	759		$	664		$	656		$	714		$	659		$	602		$	593					$	2,911		$	2,568
			Three Months Ended																											Year Ended
Net Investment Income from Limited Partnerships and Other Alternative Investments			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Total Property & Casualty			$	125		$	71		$	11		$	28		$	65		$	31		$	16		$	15					$	235		$	127
Employee Benefits			35			20			2			11			14			6			—			1						68			21
Total net investment income from limited partnerships and other alternative investments [1]			$	160		$	91		$	13		$	39		$	79		$	37		$	16		$	16					$	303		$	148

[1]Amounts are included above in total net investment income by segment.

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The Hartford Insurance Group, Inc.

Components of Net Realized Gains (Losses)

Consolidated

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Realized Gains (Losses)
Gross gains on sales of fixed maturities			$	12		$	17		$	19		$	13		$	8		$	12		$	6		$	5					$	61		$	31
Gross losses on sales of fixed maturities			(21)			(38)			(45)			(25)			(50)			(62)			(75)			(11)						(129)			(198)
Equity securities [1]			6			27			36			(11)			(3)			27			14			35						58			73
Net credit losses on fixed maturities, AFS			(2)			—			—			2			—			—			(1)			(1)						—			(2)
Change in ACL on mortgage loans			—			(6)			—			—			—			—			—			3						(6)			3
Other net gains (losses) [2]			(24)			(12)			(20)			(28)			28			10			(3)			(3)						(84)			32
Total net realized gains (losses)			(29)			(12)			(10)			(49)			(17)			(13)			(59)			28						(100)			(61)
Net realized losses (gains), included in core earnings, before tax [3]			—			2			—			2			1			1			1			2						4			5
Total net gains (losses) excluded from core earnings, before tax			(29)			(10)			(10)			(47)			(16)			(12)			(58)			30						(96)			(56)
Income tax benefit (expense) related to net realized gains (losses) excluded from core earnings			6			2			1			10			3			4			12			(7)						19			12
Total net realized gains (losses) excluded from core earnings, after tax			$	(23)		$	(8)		$	(9)		$	(37)		$	(13)		$	(8)		$	(46)		$	23					$	(77)		$	(44)

[1]Includes all changes in fair value and trading gains and losses for equity securities.

[2]Includes changes in value of fair value option securities and non-qualifying derivatives, including credit derivatives, interest rate derivatives used to manage duration, and equity derivatives. Also includes periodic net coupon settlements on credit derivatives, which are included in core earnings, as well as transactional foreign currency revaluation.

[3]Represents net periodic settlements on credit derivatives.

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The Hartford Insurance Group, Inc.

Composition of Invested Assets

Consolidated

			Dec 31 2025						Sept 30 2025						Jun 30 2025						Mar 31 2025						Dec 31 2024
			Amount [1]			Percent			Amount			Percent			Amount			Percent			Amount			Percent			Amount [1]			Percent
Total investments			$	63,957		100.0		%	$	62,568		100.0		%	$	60,903		100.0		%	$	60,094		100.0		%	$	59,210		100.0		%
Asset-backed securities			$	4,663		10.1		%	$	4,506		10.0		%	$	4,376		9.8		%	$	4,333		9.8		%	$	3,937		9.3		%
Collateralized loan obligations			3,316			7.2		%	3,379			7.5		%	3,393			7.6		%	3,396			7.7		%	3,250			7.6		%
Commercial mortgage-backed securities			2,328			5.1		%	2,498			5.5		%	2,585			5.8		%	2,754			6.2		%	2,736			6.4		%
Corporate			23,076			50.1		%	23,079			51.0		%	22,525			50.6		%	21,646			49.0		%	20,636			48.5		%
Foreign government/government agencies			447			1.0		%	409			0.9		%	455			1.0		%	481			1.1		%	480			1.1		%
Municipal			4,652			10.1		%	4,481			9.9		%	4,650			10.4		%	5,030			11.4		%	5,304			12.5		%
Residential mortgage-backed securities			6,178			13.4		%	5,778			12.8		%	5,513			12.4		%	5,558			12.5		%	5,230			12.3		%
U.S. Treasuries			1,381			3.0		%	1,073			2.4		%	1,061			2.4		%	1,006			2.3		%	994			2.3		%
Total fixed maturities, AFS [2]			$	46,041		100.0		%	$	45,203		100.0		%	$	44,558		100.0		%	$	44,204		100.0		%	$	42,567		100.0		%
U.S. government/government agencies			$	5,929		12.9		%	$	5,277		11.7		%	$	5,130		11.5		%	$	5,126		11.6		%	$	4,937		11.6		%
AAA			7,751			16.8		%	7,482			16.6		%	7,333			16.4		%	7,573			17.2		%	7,166			16.8		%
AA			7,340			15.9		%	7,313			16.2		%	7,439			16.7		%	7,423			16.8		%	7,484			17.6		%
A			12,470			27.1		%	12,628			27.9		%	12,239			27.5		%	11,639			26.3		%	10,933			25.7		%
BBB			10,250			22.3		%	10,179			22.5		%	10,070			22.6		%	10,125			22.9		%	9,722			22.8		%
BB			1,818			4.0		%	1,778			3.9		%	1,726			3.9		%	1,775			4.0		%	1,777			4.2		%
B			470			1.0		%	534			1.2		%	609			1.4		%	529			1.2		%	542			1.3		%
CCC			13			—		%	12			—		%	12			—		%	13			—		%	5			—		%
CC & below			—			—		%	—			—		%	—			—		%	1			—		%	1			—		%
Total fixed maturities, AFS [2]			$	46,041		100.0		%	$	45,203		100.0		%	$	44,558		100.0		%	$	44,204		100.0		%	$	42,567		100.0		%

[1]Amount represents the value at which the assets are presented in the Consolidating Balance Sheets (page 4).

[2]Fixed maturities, at fair value using the fair value option are not included.

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The Hartford Insurance Group, Inc.

Invested Asset Exposures

December 31, 2025

			Cost or Amortized Cost			Fair Value			Percent of Total Invested Assets
Top Ten Corporate Fixed Maturity, AFS and Equity Exposures by Sector
Financial services			$	7,019		$	6,981		10.9		%
Technology and communications			3,400			3,341			5.2		%
Consumer non-cyclical			2,860			2,830			4.4		%
Utilities			2,793			2,716			4.2		%
Capital goods			1,757			1,771			2.8		%
Consumer cyclical			1,667			1,666			2.6		%
Energy			1,457			1,446			2.3		%
Basic industry			1,258			1,257			2.0		%
Transportation			862			840			1.3		%
Other			724			720			1.1		%
Total			$	23,797		$	23,568		36.8		%
Top Ten Exposures by Issuer [1]
Morgan Stanley			$	221		$	219		0.3		%
SPCC Funding I LLC			189			190			0.3		%
Entergy Corporation			199			190			0.3		%
Hyundai Motor Company			185			182			0.3		%
Goldman Sachs Group Inc.			189			182			0.3		%
Government of Canada			179			180			0.3		%
NextEra Energy Inc.			181			176			0.3		%
Duke Energy Corporation			166			170			0.3		%
Enterprise Holdings Inc.			165			168			0.2		%
Pfizer Inc.			165			163			0.2		%
Total			$	1,839		$	1,820		2.8		%

[1]Includes corporate bonds, municipal bonds, bonds issued by foreign government/government agencies, and equity securities excluding mutual funds.

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The Hartford Insurance Group, Inc.

Appendix

Basis of Presentation and Definitions

All amounts are in millions, except for per share and ratio information, unless otherwise stated. Amounts presented throughout this document have been rounded for presentation purposes.

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

Property & Casualty ("P&C") businesses consist of three reportable segments: Business Insurance, Personal Insurance and P&C Other Operations. Business Insurance provides workers’ compensation, property, automobile, general liability, umbrella, package business, professional liability, bond, marine, livestock, accident and health, assumed reinsurance, and other product lines to businesses in the United States ("U.S.") and internationally. Business Insurance generally consists of products written for small businesses, middle market companies as well as national and multi-national accounts, largely distributed through retail agents and brokers, wholesale agents and global and specialty insurance and reinsurance brokers. Global specialty provides a variety of customized insurance products, including reinsurance. Personal Insurance provides standard automobile, homeowners and personal umbrella coverages to individuals across the U.S., including a special program designed exclusively for members of AARP. P&C Other Operations includes certain property and casualty operations, managed by the Company, that have discontinued writing new business and includes substantially all of the Company's asbestos and environmental exposures.

Employee Benefits provides employers and associations with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health.

Hartford Funds offers investment products for retail and retirement accounts and provides investment management, distribution and administrative services such as product design, implementation and oversight. This business also manages a portion of the mutual funds which support third-party life and annuity separate accounts.

The Company includes in the Corporate category reserves for run-off structured settlement and terminal funding agreement liabilities, restructuring costs, capital raising activities (including equity financing, debt financing and related interest expense), transaction expenses incurred in connection with an acquisition, certain M&A costs, purchase accounting adjustments related to goodwill, and other expenses not allocated to the reportable segments. Corporate also includes investment management fees and expenses related to managing third-party assets.

Certain operating and statistical measures for P&C Business Insurance and Personal Insurance have been incorporated herein to provide supplemental data that indicates current trends in the Company's business. These measures include net new business premium, gross new business premium, renewal written price increases, policy count retention, effective policy count retention, premium retention, and policies in-force.

•Net new business premium represents the amount of premiums charged, after ceded reinsurance, for policies issued to customers who were not insured with the Company in the previous policy term. Net new business premium plus renewal written premium equals total written premium.

•Gross new business premium represents the amount of premiums charged, before ceded reinsurance, for policies issued to customers who were not insured with the Company in the previous policy term. Gross new business premium plus gross renewal written premium less ceded reinsurance equals total written premium. For global specialty, gross new business premium is used by management, as it is thought to be more indicative of new business growth trends, in part because global specialty includes the Global Re assumed reinsurance book of business.

•Renewal written price increases for Business Insurance represents the combined effect of rate changes and individual risk pricing decisions per unit of exposure since the prior year on policies that renewed and includes amount of insurance, which is a component of change in exposure and offsets increases in loss cost trends due to inflation. For Personal Insurance, renewal written price increases represents the total change in premium per policy since the prior year on those policies that renewed and includes the combined effect of rate changes, amount of insurance and other changes in exposure. For Personal Insurance, other changes in exposure include, but are not limited to, the effect of changes in number of drivers, vehicles and incidents, as well as changes in customer policy elections, such as deductibles and limits.

•For small business, policy count retention represents the number of renewal policies issued during the current year period divided by the new and renewal policies issued in the prior period.

•For Personal Insurance, effective policy count retention represents the number of policies expected to renew in the current year period, based on contract effective dates, divided by the new and renewal policies effective in the prior period.

•Premium retention for middle & large business, represents the ratio of prior period premiums that were successfully renewed divided by premiums associated with policies available for renewal in the current period. Premium retention excludes premium amounts from annual audits, renewal written price increases and changes in exposure, including amount of insurance. Premium Retention statistics are subject to change from period to period based on a number of factors, including the effect of subsequent cancellations and non-renewals.

•Policies in-force represents the number of policies with coverage in effect as of the end of the period. The number of policies in-force is a growth measure used for Personal Insurance as well as small business within Business Insurance and is affected by both new business growth and policy count retention.

The Company, along with others in the property and casualty insurance industry, uses underwriting ratios as measures of performance. The loss and loss adjustment expense ratio is the ratio of losses and loss adjustment expenses to earned premiums. The expense ratio is the ratio of underwriting expenses less fee income to earned premiums. Underwriting expenses included in the expense ratio consist of amortization of deferred policy acquisition costs and insurance operating costs and expenses, including certain centralized services and bad debt expense, but excluding integration and other non-recurring M&A costs. The policyholder dividend ratio is the ratio of policyholder dividends to earned premiums. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. These ratios are relative measurements that describe the related cost of losses, expenses and policyholder dividends for every $100 of earned premiums. A combined ratio below 100 demonstrates underwriting profit; a combined ratio above 100 demonstrates underwriting losses. The current accident year catastrophe ratio (a component of the loss and loss adjustment expense ratio) represents the ratio of catastrophe losses and loss adjustment expenses incurred in the current accident year to earned premiums. The prior accident year loss and loss adjustment expense ratio (a component of the loss and loss adjustment expense ratio) represents the increase (decrease) in the estimated cost of settling catastrophe and non-catastrophe claims incurred in prior accident years as recorded in the current calendar year divided by earned premiums.

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A catastrophe is a severe loss, resulting from natural or man-made events, including risks such as fire, earthquake, windstorm, explosion, terrorist attack, civil unrest and similar events. Each catastrophe has unique characteristics and the events are unpredictable as to timing or loss amount. Catastrophe losses are not included in either earnings or in losses and loss adjustment expense reserves prior to occurrence of the catastrophe event. The Company believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings. For U.S. events, a catastrophe is an event that causes $25 or more in industry insured property losses and affects a significant number of property and casualty policyholders and insurers, as defined by the Property Claim Service office of Verisk. For international events, the Company's approach is similar, informed, in part, by how Lloyd's of London defines major losses.

The Company, along with others in the insurance industry, use loss and expense ratios as measures of the Employee Benefits segment's performance. The loss ratio is the ratio of benefits, losses and loss adjustment expenses, excluding those related to buyout premiums, to premiums and other considerations, excluding buyout premiums. The expense ratio is the ratio of insurance operating costs and other expenses (excluding integration and other non-recurring M&A costs) to premiums and other considerations, excluding buyout premiums. Buyout premiums represent takeover of open claim liabilities and other non-recurring premium amounts.

The Hartford Funds segment provides supplemental data on sales, redemptions, net flows and account value that indicate current trends in that segment.

Discussion of Non-GAAP Financial Measures

The Company uses non-GAAP financial measures in this Investor Financial Supplement to assist investors in analyzing the Company's operating performance. Because the Company's calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing the Company's non-GAAP financial measures to those of other companies. Non-GAAP measures are indicated with an asterisk the first time they appear in this document.

Core earnings- The Hartford uses the non-GAAP measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by including the net effect of certain items. Therefore, the following items are excluded from core earnings:

•Certain realized gains and losses - Generally realized gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income.

•Restructuring and other costs - Costs incurred as part of a restructuring plan are not a recurring operating expense of the business.

•Loss on extinguishment of debt - Largely consisting of make-whole payments or tender premiums upon paying debt off before maturity, these losses are not a recurring operating expense of the business.

•Gains and losses on reinsurance transactions - Gains or losses on reinsurance, such as those entered into upon sale of a business or to reinsure loss reserves, are not a recurring operating expense of the business.

•Integration and other non-recurring M&A costs - These costs, including transaction costs incurred in connection with an acquired business, are incurred over a short period of time and do not represent an ongoing operating expense of the business.

•Change in loss reserves upon acquisition of a business - These changes in loss reserves are excluded from core earnings because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition.

•Deferred gain resulting from retroactive reinsurance and subsequent changes in the deferred gain - Retroactive reinsurance agreements economically transfer risk to the reinsurers and excluding the deferred gain on retroactive reinsurance and related amortization of the deferred gain from core earnings provides greater insight into the economics of the business.

•Change in valuation allowance on deferred taxes related to non-core components of before tax income - These changes in valuation allowances are excluded from core earnings because they relate to non-core components of before tax income, such as tax attributes like capital loss carryforwards.

•Results of discontinued operations - These results are excluded from core earnings for businesses sold or held for sale because such results could obscure the ability to compare period over period results for our ongoing businesses.

In addition to the above components of net income available to common stockholders that are excluded from core earnings, preferred stock dividends declared, which are excluded from net income, are included in the determination of core earnings. Preferred stock dividends are a cost of financing more akin to interest expense on debt and are expected to be a recurring expense as long as the preferred stock is outstanding.

Net income (loss) and net income (loss) available to common stockholders are the most directly comparable U.S. GAAP measures to core earnings. Core earnings should not be considered as a substitute for net income (loss) or net income (loss) available to common stockholders and does not reflect the overall profitability of the Company’s business. Therefore, The Hartford believes that it is useful for investors to evaluate net income (loss), net income (loss) available to common stockholders, and core earnings when reviewing the Company’s performance. A reconciliation of net income (loss) available to common stockholders to core earnings is set forth on page 2.

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Core earnings per share- This is a non-GAAP per share measure calculated using the non-GAAP financial measure core earnings rather than the U.S GAAP measure net income. The Company believes that core earnings per share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) available to common stockholders per share is the most directly comparable U.S. GAAP measure. Core earnings per share should not be considered as a substitute for net income (loss) available to common stockholders per share and does not reflect the overall profitability of the Company's business. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per share and core earnings per share when reviewing our performance. A reconciliation of net income (loss) available to common stockholders per share to core earnings per share is set forth below.

Basic Earnings Per Share

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Income available to common stockholders per share			$	4.05		$	3.82		$	3.49		$	2.18		$	2.93		$	2.60		$	2.48		$	2.51					$	13.51		$	10.51
Adjustments made to reconcile net income available to common stockholders per share to core earnings per share:
Net realized losses (gains), excluded from core earnings, before tax			0.10			0.04			0.04			0.16			0.06			0.04			0.20			(0.10)						0.34			0.19
Restructuring and other costs, before tax			—			—			—			—			—			—			—			—						—			0.01
Integration and other non-recurring M&A costs, before tax			—			0.01			0.01			0.01			0.01			0.01			0.01			0.01						0.02			0.03
Change in deferred gain on retroactive reinsurance, before tax			—			(0.03)			(0.08)			(0.11)			0.01			(0.09)			(0.13)			(0.08)						(0.23)			(0.28)
Income tax expense (benefit) on items excluded from core earnings			(0.02)			(0.01)			—			(0.01)			(0.02)			0.01			(0.02)			0.04						(0.02)			0.01
Core earnings per share			$	4.13		$	3.83		$	3.46		$	2.23		$	2.99		$	2.57		$	2.54		$	2.38					$	13.62		$	10.47

Core earnings per diluted share-This non-GAAP per share measure is calculated using the non-GAAP financial measure core earnings rather than the U.S. GAAP measure net income. The Company believes that core earnings per diluted share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) available to common stockholders per diluted common share is the most directly comparable U.S. GAAP measure. Core earnings per diluted share should not be considered as a substitute for net income (loss) available to common stockholders per diluted common share and does not reflect the overall profitability of the Company's business. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per diluted common share and core earnings per diluted share when reviewing the Company's performance. A reconciliation of net income available to common stockholders per diluted share to core earnings per diluted share is set forth below.

Diluted Earnings Per Share

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net Income available to common stockholders per diluted share			$	3.98		$	3.77		$	3.44		$	2.15		$	2.88		$	2.56		$	2.44		$	2.47					$	13.32		$	10.35
Adjustments made to reconcile net income available to common stockholders per diluted share to core earnings per diluted share:
Net realized losses (gains), excluded from core earnings, before tax			0.10			0.04			0.03			0.16			0.05			0.04			0.19			(0.10)						0.34			0.19
Restructuring and other costs, before tax			—			—			—			—			—			—			—			—						—			0.01
Integration and other non-recurring M&A costs, before tax			—			0.01			0.01			0.01			0.01			0.01			0.01			0.01						0.02			0.03
Change in deferred gain on retroactive reinsurance, before tax			—			(0.03)			(0.08)			(0.11)			0.01			(0.09)			(0.12)			(0.08)						(0.22)			(0.28)
Income tax expense (benefit) on items excluded from core earnings			(0.02)			(0.01)			0.01			(0.01)			(0.01)			0.01			(0.02)			0.04						(0.04)			—
Core earnings per diluted share			$	4.06		$	3.78		$	3.41		$	2.20		$	2.94		$	2.53		$	2.50		$	2.34					$	13.42		$	10.30

Book value per diluted share (excluding AOCI)-This is a non-GAAP per share measure that is calculated by dividing (a) common stockholders' equity, excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. The Company provides this measure to enable investors to analyze the amount of the Company's net worth that is primarily attributable to the Company's business operations. The Company believes that excluding AOCI from the numerator is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per diluted share is the most directly comparable U.S. GAAP measure. Reconciliations of book value per common share and book value per diluted share to book value per common share, excluding AOCI and book value per diluted share, excluding AOCI, are set forth on page 1.

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Core Earnings Return on Equity- The Company provides different measures of the return on stockholders' equity (ROE). Core earnings ROE is calculated based on non-GAAP financial measures. Core earnings ROE is calculated by dividing (a) the non-GAAP measure core earnings for the prior four fiscal quarters by (b) the non-GAAP measure average common stockholders' equity, excluding AOCI. Net income ROE is the most directly comparable U.S. GAAP measure. The Company excludes AOCI in the calculation of core earnings ROE to provide investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to the Company's business operations. The Company provides to investors return on equity measures based on its non-GAAP core earnings financial measure for the reasons set forth in the core earnings definition. A reconciliation of Net income (loss) ROE to Core earnings ROE is set forth below:

			Last Twelve Months Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024
Net income ROE			22.0		%	20.3		%	19.8		%	18.8		%	19.9		%	20.0		%	19.8		%	18.5		%
Adjustments to reconcile net income (loss) ROE to core earnings ROE:
Net realized losses (gains), excluded from core earnings, before tax			0.6		%	0.5		%	0.5		%	0.8		%	0.4		%	0.4		%	0.8		%	0.8		%
Integration and other non-recurring M&A costs, before tax			—		%	—		%	—		%	0.1		%	0.1		%	0.1		%	0.1		%	0.1		%
Change in deferred gain on retroactive reinsurance, before tax			(0.4		%)	(0.3		%)	(0.5		%)	(0.6		%)	(0.5		%)	0.7		%	0.9		%	1.2		%
Income tax benefit on items not included in core earnings			(0.1		%)	—		%	—		%	(0.1		%)	—		%	(0.2		%)	(0.4		%)	(0.4		%)
Impact of AOCI, excluded from denominator of core earnings ROE			(2.7		%)	(2.1		%)	(2.8		%)	(2.8		%)	(3.2		%)	(3.6		%)	(3.8		%)	(3.6		%)
Core earnings ROE			19.4		%	18.4		%	17.0		%	16.2		%	16.7		%	17.4		%	17.4		%	16.6		%

Common stockholders' equity, excluding AOCI- This non-GAAP measure is calculated as total stockholders' equity less preferred stock and AOCI. Total stockholders' equity is the most directly comparable U.S. GAAP measure. The Company provides this measure to enable investors to analyze the amount of the Company's net worth that is primarily attributable to the Company's business operations. The Company believes that excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. A reconciliation of common stockholders' equity, excluding AOCI to its most directly comparable U.S. GAAP measure, total stockholders' equity, is set forth on page 5.

Total capitalization, excluding AOCI, net of tax- This non-GAAP measure is calculated as total debt plus total stockholders' equity, excluding the impacts of AOCI included in stockholders’ equity. Total capitalization, including AOCI, net of tax is the most directly comparable U.S. GAAP measure. Total debt to capitalization ratio excluding, AOCI is calculated by dividing total debt to total capitalization excluding, AOCI, net of tax. The Company provides this measure to enable investors to analyze the Company’s financial leverage. The Company believes that excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Reconciliations of capitalization metrics, are set forth on page 5.

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Underwriting gain (loss)-This non-GAAP financial measure is a before tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income (loss) is the most directly comparable U.S. GAAP measure. The Hartford's management evaluates profitability of the Business and Personal Insurance segments primarily on the basis of underwriting gain or loss. Underwriting gain (loss) is influenced significantly by earned premium growth and the adequacy of The Hartford's pricing. Underwriting profitability over time is also greatly influenced by The Hartford's underwriting discipline, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the Company's investing activities. Reconciliations of net income (loss) to underwriting gain (loss) for the Company's P&C businesses are set forth below.

Underlying underwriting gain (loss)- This non-GAAP measure of underwriting profitability represents underwriting gain (loss) before current accident year catastrophes, PYD and current accident year change in loss reserves upon acquisition of a business. The most directly comparable U.S GAAP measure is net income (loss). The Company believes underlying underwriting gain (loss) is important to understand the Company’s periodic earnings because the volatile and unpredictable nature (i.e., the timing and amount) of catastrophes and prior accident year reserve development could obscure underwriting trends. The changes to loss reserves upon acquisition of a business are also excluded from underlying underwriting gain (loss) because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. Reconciliation of net income (loss) to underlying underwriting gain (loss) for the Company's P&C businesses are set forth below.

Property & Casualty

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net income			$	968		$	861		$	800		$	495		$	706		$	569		$	540		$	615					$	3,124		$	2,430
Adjustments to reconcile net income to underlying underwriting gain:
Net investment income			(656)			(605)			(526)			(512)			(562)			(518)			(471)			(459)						(2,299)			(2,010)
Net realized losses (gains)			25			30			26			26			9			34			61			(13)						107			91
Net servicing and other (income) expense			(2)			(3)			(4)			(4)			(2)			—			(5)			(2)						(13)			(9)
Income tax expense			251			219			201			125			180			143			129			138						796			590
Underwriting gain			586			502			497			130			331			228			254			279						1,715			1,092
Current accident year catastrophes			(1)			70			212			467			80			247			280			161						748			768
Prior accident year development			(12)			(103)			(187)			(122)			101			(50)			(115)			(56)						(424)			(120)
Underlying underwriting gain			$	573		$	469		$	522		$	475		$	512		$	425		$	419		$	384					$	2,039		$	1,740

Business Insurance

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net income			$	897		$	710		$	696		$	477		$	708		$	528		$	540		$	573					$	2,780		$	2,349
Adjustments to reconcile net income to underlying underwriting gain:
Net investment income			(562)			(519)			(449)			(437)			(479)			(442)			(402)			(391)						(1,967)			(1,714)
Net realized losses (gains)			21			26			20			24			3			32			50			(12)						91			73
Other expense (income)			1			—			1			1			1			1			1			2						3			5
Income tax expense			234			180			176			122			183			134			130			129						712			576
Underwriting gain			591			397			444			187			416			253			319			301						1,619			1,289
Current accident year catastrophes			(12)			39			114			280			67			155			155			109						421			486
Prior accident year development			(152)			(60)			(146)			(83)			(58)			(36)			(81)			(56)						(441)			(231)
Underlying underwriting gain			$	427		$	376		$	412		$	384		$	425		$	372		$	393		$	354					$	1,599		$	1,544

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Personal Insurance

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net income (loss)			$	212		$	139		$	91		$	5		$	154		$	31		$	(11)		$	34					$	447		$	208
Adjustments to reconcile net income (loss) to underlying underwriting gain (loss):
Net investment income			(74)			(67)			(58)			(57)			(64)			(58)			(50)			(50)						(256)			(222)
Net realized losses (gains)			3			4			4			2			5			2			8			(1)						13			14
Net servicing and other (income) expense			(3)			(4)			(5)			(5)			(3)			(5)			(6)			(4)						(17)			(18)
Income tax expense (benefit)			55			35			23			—			37			8			(4)			8						113			49
Underwriting gain (loss)			193			107			55			(55)			129			(22)			(63)			(13)						300			31
Current accident year catastrophes			11			31			98			187			13			92			125			52						327			282
Prior accident year development			(56)			(43)			(41)			(39)			(53)			(14)			(34)			(7)						(179)			(108)
Underlying underwriting gain			$	148		$	95		$	112		$	93		$	89		$	56		$	28		$	32					$	448		$	205

P&C Other Operations

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net income (loss)			$	(141)		$	12		$	13		$	13		$	(156)		$	10		$	11		$	8					$	(103)		$	(127)
Adjustments to reconcile net income (loss) to underlying underwriting loss:
Net investment income			(20)			(19)			(19)			(18)			(19)			(18)			(19)			(18)						(76)			(74)
Net realized losses			1			—			2			—			1			—			3			—						3			4
Other expense			—			1			—			—			—			4			—			—						1			4
Income tax expense (benefit)			(38)			4			2			3			(40)			1			3			1						(29)			(35)
Underwriting loss			(198)			(2)			(2)			(2)			(214)			(3)			(2)			(9)						(204)			(228)
Prior accident year development			196			—			—			—			212			—			—			7						196			219
Underlying underwriting loss			$	(2)		$	(2)		$	(2)		$	(2)		$	(2)		$	(3)		$	(2)		$	(2)					$	(8)		$	(9)

Underlying combined ratio-This non-GAAP financial measure of underwriting results represents the combined ratio before catastrophes, prior accident year development and current accident year change in loss reserves upon acquisition of a business. Combined ratio is the most directly comparable U.S. GAAP measure. The Company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve development. The changes to loss reserves upon acquisition of a business are excluded from underlying combined ratio because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. A reconciliation of the combined ratio to the underlying combined ratio for Property & Casualty, Business Insurance, and Personal Insurance is set forth on pages 10, 13 and 17, respectively.

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Underlying loss and loss adjustment expense ratio- This non-GAAP financial measure is the cost of non-catastrophe loss and loss adjustment expenses incurred in the current accident year divided by earned premiums. The loss and loss adjustment expense ratio is the most directly comparable U.S. GAAP measure. Management believes that the underlying loss and loss adjustment expense ratio is a performance measure that is useful to investors as it removes the impact of volatile and unpredictable catastrophe losses and prior accident year development ("PYD"). A reconciliation of the loss and loss adjustment expense ratio to the underlying loss and loss adjustment expense ratio for Property & Casualty, Business Insurance, and Personal Insurance is set forth below.

Property & Casualty

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Loss and loss adjustment expense ratio			56.2			58.5			58.8			66.3			61.9			64.4			63.3			62.3						59.9			63.0
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development			0.3			0.7			(0.6)			(8.2)			(4.3)			(4.8)			(4.2)			(2.7)						(1.8)			(4.0)
Underlying loss and loss adjustment expense ratio			56.5			59.3			58.3			58.1			57.6			59.6			59.1			59.6						58.0			59.0

Business Insurance

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Loss and loss adjustment expense ratio			51.5			57.3			56.1			62.8			56.3			61.0			58.4			58.3						56.8			58.5
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development			4.5			0.6			1.0			(5.9)			(0.2)			(3.7)			(2.4)			(1.8)						0.2			(2.0)
Underlying loss and loss adjustment expense ratio			56.1			57.9			57.0			56.9			56.0			57.3			56.1			56.6						57.0			56.5

Personal Insurance

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Loss and loss adjustment expense ratio			53.3			62.9			69.0			79.1			59.3			76.8			81.0			76.3						65.9			73.1
Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:
Current accident year catastrophes and prior accident year development			4.7			1.2			(6.1)			(16.5)			4.4			(8.8)			(10.7)			(5.5)						(4.0)			(5.1)
Underlying loss and loss adjustment expense ratio			58.1			64.2			62.8			62.6			63.7			68.0			70.3			70.7						61.9			68.1

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Core earnings margin- The Hartford uses the non-GAAP measure core earnings margin to evaluate, and believes it is an important measure of, the Employee Benefits segment's operating performance. Core earnings margin is calculated by dividing core earnings by revenues, excluding buyouts and realized gains (losses). Net income margin, calculated by dividing net income by revenues, is the most directly comparable U.S. GAAP measure. The Company believes that core earnings margin provides investors with a valuable measure of the performance of Employee Benefits because it reveals trends in the business that may be obscured by the effect of buyouts and realized gains (losses) as well as other items excluded in the calculation of core earnings. Core earnings margin should not be considered as a substitute for net income margin and does not reflect the overall profitability of Employee Benefits. Therefore, the Company believes it is important for investors to evaluate both core earnings margin and net income margin when reviewing performance. A reconciliation of net income margin to core earnings margin is set forth below.

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Net income margin			7.2		%	8.1		%	8.5		%	7.4		%	7.1		%	8.8		%	9.7		%	6.2		%				7.8		%	7.9		%
Adjustments to reconcile net income margin to core earnings margin:
Net realized losses (gains), before tax			0.5		%	0.4		%	0.8		%	0.3		%	0.8		%	(0.1		%)	0.4		%	(0.1		%)				0.5		%	0.4		%
Income tax benefit			(0.1		%)	(0.2		%)	(0.1		%)	(0.1		%)	(0.1		%)	—		%	(0.1		%)	—		%				(0.1		%)	(0.1		%)
Core earnings margin			7.6		%	8.3		%	9.2		%	7.6		%	7.8		%	8.7		%	10.0		%	6.1		%				8.2		%	8.2		%

Return on Assets ("ROA"), Core Earnings- The Company uses this non-GAAP financial measure to evaluate, and believes is an important measure of, the Hartford Funds segment’s operating performance. ROA, core earnings is calculated by dividing annualized core earnings by a daily average AUM. ROA is the most directly comparable U.S. GAAP measure. The Company believes that ROA, core earnings, provides investors with a valuable measure of the performance of the Hartford Funds segment because it reveals trends in our business that may be obscured by the effect of items excluded in the calculation of core earnings. ROA, core earnings, should not be considered as a substitute for ROA and does not reflect the overall profitability of our Hartford Funds business. Therefore, the Company believes it is important for investors to evaluate both ROA, and ROA, core earnings when reviewing the Hartford Funds segment performance. A reconciliation of ROA to ROA, core earnings is set forth below.

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Return on Assets ("ROA")			15.4			15.4			15.6			12.1			13.8			15.7			13.1			13.7						14.6			14.1
Adjustments to reconcile ROA to ROA, core earnings:
Effect of net realized losses (gains), excluded from core earnings, before tax			(0.3)			(1.3)			(2.6)			—			0.8			(2.1)			(0.9)			(1.5)						(1.0)			(0.8)
Effect of income tax expense (benefit)			—			0.2			0.3			0.3			(0.3)			—			0.6			0.3						0.2			—
Return on Assets ("ROA"), core earnings			15.1			14.3			13.3			12.4			14.3			13.6			12.8			12.5						13.8			13.3

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Net investment income excluding limited partnerships and other alternative investments- This non-GAAP measure is the amount of net investment income, on a Consolidated, P&C or Employee Benefits level earned from invested assets, excluding the net investment income related to limited partnerships and other alternative investments. The Company believes that net investment income, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Net investment income is the most directly comparable U.S. GAAP measure. A reconciliation of net investment income to net investment income, excluding limited partnerships and other alternative investments is set forth below.

Consolidated

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Total net investment income			$	832		$	759		$	664		$	656		$	714		$	659		$	602		$	593					$	2,911		$	2,568
Adjustment for income from limited partnerships and other alternative investments			(160)			(91)			(13)			(39)			(79)			(37)			(16)			(16)						(303)			(148)
Net investment income excluding limited partnerships and other alternative investments			$	672		$	668		$	651		$	617		$	635		$	622		$	586		$	577					$	2,608		$	2,420

Property & Casualty

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Total net investment income			$	656		$	605		$	526		$	512		$	562		$	518		$	471		$	459					$	2,299		$	2,010
Adjustment for income from limited partnerships and other alternative investments			(125)			(71)			(11)			(28)			(65)			(31)			(16)			(15)						(235)			(127)
Net investment income excluding limited partnerships and other alternative investments			$	531		$	534		$	515		$	484		$	497		$	487		$	455		$	444					$	2,064		$	1,883

Employee Benefits

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Total net investment income			$	153		$	136		$	118		$	126		$	130		$	119		$	112		$	114					$	533		$	475
Adjustment for income from limited partnerships and other alternative investments			(35)			(20)			(2)			(11)			(14)			(6)			—			(1)						(68)			(21)
Net investment income excluding limited partnerships and other alternative investments			$	118		$	116		$	116		$	115		$	116		$	113		$	112		$	113					$	465		$	454

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Annualized investment yield, excluding limited partnerships and other alternative investments-This non-GAAP measure is calculated as (a) the annualized net investment income, on a Consolidated, P&C or Employee Benefits level, excluding limited partnerships and other alternative investments, divided by (b) the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value and limited partnerships and other alternative investments. The Company believes that annualized investment yield, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Annualized investment yield is the most directly comparable U.S GAAP measure. A reconciliation of annualized investment yield to annualized investment yield, excluding limited partnerships and other alternative investments is set forth below.

Consolidated

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Annualized investment yield			5.2		%	4.8		%	4.3		%	4.3		%	4.7		%	4.4		%	4.1		%	4.1		%				4.7		%	4.3		%
Adjustment for income from limited partnerships and other alternative investments			(0.6		%)	(0.2		%)	0.3		%	0.1		%	(0.1		%)	0.1		%	0.3		%	0.2		%				(0.2		%)	0.1		%
Annualized investment yield excluding limited partnerships and other alternative investments			4.6		%	4.6		%	4.6		%	4.4		%	4.6		%	4.5		%	4.4		%	4.3		%				4.5		%	4.4		%

Property & Casualty

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Annualized investment yield			5.2		%	4.9		%	4.4		%	4.3		%	4.8		%	4.5		%	4.2		%	4.1		%				4.7		%	4.4		%
Adjustment for income from limited partnerships and other alternative investments			(0.6		%)	(0.2		%)	0.3		%	0.1		%	(0.2		%)	0.1		%	0.2		%	0.2		%				(0.1		%)	0.1		%
Annualized investment yield excluding limited partnerships and other alternative investments			4.6		%	4.7		%	4.7		%	4.4		%	4.6		%	4.6		%	4.4		%	4.3		%				4.6		%	4.5		%

Employee Benefits

			Three Months Ended																											Year Ended
			Dec 31 2025			Sept 30 2025			Jun 30 2025			Mar 31 2025			Dec 31 2024			Sept 30 2024			Jun 30 2024			Mar 31 2024						Dec 31 2025			Dec 31 2024
Annualized investment yield			5.3		%	4.8		%	4.1		%	4.3		%	4.5		%	4.1		%	3.9		%	3.9		%				4.6		%	4.1		%
Adjustment for income from limited partnerships and other alternative investments			(0.8		%)	(0.3		%)	0.3		%	0.1		%	(0.1		%)	0.2		%	0.4		%	0.3		%				(0.2		%)	0.2		%
Annualized investment yield excluding limited partnerships and other alternative investments			4.5		%	4.5		%	4.4		%	4.4		%	4.4		%	4.3		%	4.3		%	4.2		%				4.4		%	4.3		%

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