HARTFORD INSURANCE GROUP, INC.
For the period ended Sep 30, 2025. Filed Oct 27, 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.
Sep 30, 2025 · Filed Oct 27, 2025
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Corporate
Corporate - Results of Operations
Operating Summary
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | Change | 2025 | 2024 | Change | |
| Fee income [1] | $10 | $10 | —% | $31 | $30 | 3% |
| Other revenue | 6 | 1 | NM | 12 | 2 | NM |
| Net investment income [2] | 14 | 17 | (18%) | 42 | 47 | (11%) |
| Net realized gains [2] | 21 | 14 | 50% | 25 | 31 | (19%) |
| Total revenues | 51 | 42 | 21% | 110 | 110 | —% |
| Benefits, losses and loss adjustment expenses [3] | 2 | 1 | 100% | 4 | 5 | (20%) |
| Insurance operating costs and other expenses [1] | 13 | 12 | 8% | 41 | 37 | 11% |
| Interest expense [4] | 50 | 49 | 2% | 150 | 149 | 1% |
| Restructuring and other costs | — | 1 | (100%) | — | 2 | (100%) |
| Total benefits, losses and expenses | 65 | 63 | 3% | 195 | 193 | 1% |
| Loss before income taxes | (14) | (21) | 33% | (85) | (83) | (2%) |
| Income tax benefit [5] | (32) | (9) | NM | (53) | (39) | (36%) |
| Net income (loss) | 18 | (12) | NM | (32) | (44) | 27% |
| Preferred stock dividends | 6 | 6 | —% | 16 | 16 | —% |
| Net income (loss) available to common stockholders | $12 | $(18) | 167% | $(48) | $(60) | 20% |
[1]Includes investment management fees and expenses related to managing third-party assets.
[3]Includes benefits expense on life and annuity business previously underwritten by the Company.
[4]For discussion of debt, see Note 13 - Debt of Notes to Consolidated Financial Statements in The Hartford's 2024 Form 10-K Annual Report.
[5]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.
| Table of Contents | Index to MD&A |
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Net income (loss) available to common stockholders
Net income available to common stockholders changed from a net loss available to common stockholdersfor the three months ended September 30, 2025, primarily driven by a higher net tax benefit, which includes a release of a provision for an uncertain tax position and tax related interest accruals, as well as higher net realized gains.
Net loss available to common stockholders decreased for the nine months ended September 30, 2025, primarily driven by a higher net tax benefit, which includes a release of a provision for an uncertain tax position and tax related interest accruals, partially offset by lower net realized gains and lower net investment income. For further discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.
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