HARTFORD INSURANCE GROUP INC

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

HIG$134.86+0.6%Stored close · as of Nov 9, 2026

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Contents

Hartford Funds

Table of Contents	Index to MD&A

|HARTFORD FUNDS - RESULTS OF OPERATIONS

	2024	2023	2022	Increase (Decrease) From 2023 to 2024	Increase (Decrease) From 2022 to 2023
Fee income and other revenue	$1,035	$973	$1,044	6%	(7%)
Net investment income	20	17	9	18%	89%
Net realized gains (losses)	12	10	(24)	20%	NM
Total revenues	1,067	1,000	1,029	7%	(3%)
Operating costs and other expenses	824	781	826	6%	(5%)
Income before income taxes	243	219	203	11%	8%
Income tax expense [1]	51	45	41	13%	10%
Net income	$192	$174	$162	10%	7%
Daily average Hartford Funds AUM	$136,477	$127,019	$135,124	7%	(6%)
ROA [2]	14.1	13.7	12.0	0.4	1.7
Adjustments to reconcile ROA to ROA, core earnings:
Effect of net realized losses (gains), excluded from core earnings, before tax	(0.8)	(0.8)	1.7	0.0	(2.5)
Effect of income tax expense (benefit)	—	0.1	(0.4)	(0.1)	0.5
ROA, core earnings [2]	13.3	13.0	13.3	0.3	(0.3)

[1] For discussion of income taxes, see Note 16 - Income Taxes of Notes to Consolidated Financial Statements.

[2] Represents annualized earnings divided by a daily average of assets under management, as measured in basis points.

Hartford Funds Segment AUM

	2024	2023	2022	Increase (Decrease) From 2023 to 2024	Increase (Decrease) From 2022 to 2023
Mutual Fund and ETF AUM - beginning of period	$119,316	$112,472	$142,632	6%	(21%)
Sales - Mutual Fund	24,325	20,960	29,833	16%	(30%)
Redemptions - Mutual Fund	(28,041)	(28,606)	(37,981)	2%	25%
Net flows - ETF	491	619	197	(21%)	NM
Net Flows - Mutual Fund and ETF	(3,225)	(7,027)	(7,951)	54%	12%
Change in market value and other	11,963	13,871	(22,209)	(14%)	NM
Mutual Fund and ETF AUM - end of period	128,054	119,316	112,472	7%	6%
Third-party life and annuity separate account AUM	11,544	11,709	11,635	(1%)	1%
Hartford Funds AUM - end of period	$139,598	$131,025	$124,107	7%	6%

Mutual Fund and ETF AUM by Asset Class

	2024	2023	2022	Increase (Decrease) From 2023 to 2024	Increase (Decrease) From 2022 to 2023
Equity - Mutual Funds	$84,000	$79,352	$73,782	6%	8%
Fixed Income - Mutual Funds	21,059	16,773	15,861	26%	6%
Multi-Strategy Investments - Mutual Funds [1]	18,512	19,292	19,975	(4%)	(3%)
Equity - ETF	1,811	2,141	1,805	(15%)	19%
Fixed Income - ETF	2,672	1,758	1,049	52%	68%
Mutual Fund and ETF AUM	$128,054	$119,316	$112,472	7%	6%

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

Table of Contents	Index to MD&A

Net income increasedfor the year ended December 31, 2024, primarily due to an increase in fee income net of operating costs and other expenses driven by higher daily average AUM.

Hartford Funds AUM

December 31, 2024 compared to December 31, 2023

Hartford Funds AUMincreased primarily due to an increase in market values, partly offset by net outflows over the previous twelve months. Net outflows were $3.2 billionfor the year ended December 31, 2024 compared to net outflows of $7.0 billion for the year ended December 31, 2023.

Assuming continued growth in equity markets in 2025, the Company expects net income for Hartford Funds to increase from 2024 to 2025.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.