HARTFORD INSURANCE GROUP, INC.
For the period ended Jun 30, 2025. Filed Jul 28, 2025.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
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Property & Casualty Other Operations
| Table of Contents | Index to MD&A |
|---|
Property & Casualty Other Operations - Results of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | Change | 2025 | 2024 | Change | |
| Losses and loss adjustment expenses | ||||||
| Prior accident year development [1] | $— | $— | —% | $— | $7 | (100)% |
| Total losses and loss adjustment expenses | — | — | —% | — | 7 | (100)% |
| Insurance operating costs | 2 | 2 | —% | 4 | 4 | —% |
| Underwriting loss | (2) | (2) | —% | (4) | (11) | 64% |
| Net investment income [2] | 19 | 19 | —% | 37 | 37 | —% |
| Net realized losses [2] | (2) | (3) | 33% | (2) | (3) | 33% |
| Income before income taxes | 15 | 14 | 7% | 31 | 23 | 35% |
| Income tax expense [3] | 2 | 3 | (33%) | 5 | 4 | 25% |
| Net income | $13 | $11 | 18% | $26 | $19 | 37% |
[1]For additional information on prior accident year development, see Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.
[3]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.
Net income
Net income increased slightly in the three months ended June 30, 2025, due to a decrease in net realized losses. Net income increased in the six months ended June 30, 2025, primarily due to a lower underwriting loss.
Underwriting loss remained unchanged for the three months ended June 30, 2025, and decreased for the six months ended June 30, 2025 due to unfavorable prior accident year reserve development in the 2024 period.
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