HARTFORD INSURANCE GROUP, INC.

For the period ended Jun 30, 2025. Filed Jul 28, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 28, 2025

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

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Contents

Hartford Funds

Hartford Funds - Results of Operations

Operating Summary

	Three Months Ended June 30,			Six Months Ended June 30,
	2025	2024	Change	2025	2024	Change
Fee income and other revenue	$256	$253	1%	$516	$503	3%
Net investment income	6	5	20%	10	9	11%
Net realized gains	9	3	NM	9	8	13%
Total revenues	271	261	4%	535	520	3%
Operating costs and other expenses	203	203	—%	412	406	1%
Income before income taxes	68	58	17%	123	114	8%
Income tax expense [1]	14	14	—%	26	25	4%
Net income	$54	$44	23%	$97	$89	9%
Daily average Hartford Funds AUM	$138,195	$134,064	3%	$140,004	$132,856	5%
ROA [2]	15.6	13.1	19%	13.9	13.4	4%
Adjustment to reconcile ROA to ROA, core earnings:
Effect of net realized gains excluded from core earnings, before tax	(2.6)	(0.9)	(189%)	(1.3)	(1.3)	—%
Effect of income tax expense	0.3	0.6	(50%)	0.3	0.5	(40)%
ROA, core earnings [2]	13.3	12.8	4%	12.9	12.6	2%

[1]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.

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

Table of Contents	Index to MD&A

Hartford Funds Segment AUM

	Three Months Ended June 30,			Six Months Ended June 30,
	2025	2024	Change	2025	2024	Change
Mutual Fund and ETF AUM - beginning of period	$127,219	$123,559	3%	$128,054	$119,316	7%
Sales - Mutual Fund	6,420	5,653	14%	14,151	11,290	25%
Redemptions - Mutual Fund	(7,964)	(6,841)	(16%)	(17,273)	(14,780)	(17)%
Net flows - ETF	29	103	(72%)	175	(106)	NM
Net flows - Mutual Fund and ETF	(1,515)	(1,085)	(40%)	(2,947)	(3,596)	18%
Change in market value and other	8,586	1,212	NM	9,183	7,966	15%
Mutual Fund and ETF AUM - end of period	134,290	123,686	9%	134,290	123,686	9%
Third-party life and annuity separate account AUM	11,226	11,832	(5%)	11,226	11,832	(5)%
Hartford Funds AUM - end of period	$145,516	$135,518	7%	$145,516	$135,518	7%

Mutual Fund and ETF AUM by Asset Class

	As of June 30,
	2025	2024	Change
Equity - Mutual Funds	$89,072	$83,212	7%
Fixed Income - Mutual Funds	21,827	17,825	22%
Multi-Strategy Investments - Mutual Funds [1]	18,544	18,807	(1)%
Equity - ETF	1,964	1,734	13%
Fixed Income - ETF	2,883	2,108	37%
Mutual Fund and ETF AUM	$134,290	$123,686	9%

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

Net income increased for the three and six months ended June 30, 2025, primarily due to an increase in fee income net of operating costs and other expenses driven by higher daily average AUM and an increase in net realized gains.

Hartford Funds AUM

June 30, 2025 compared to June 30, 2024

Hartford Funds AUM increased primarily due to an increase in equity market levels, partially offset by net outflows over the preceding twelve month periods. Net outflows were $1.5 billion and $2.9 billion, respectively, for the three and six months ended June 30, 2025 compared to net outflows of $1.1 billion and $3.6 billion, respectively for the three and six months ended June 30, 2024.

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.