HARTFORD INSURANCE GROUP, INC.

For the period ended Sep 30, 2025. Filed Oct 27, 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.

Sep 30, 2025 · Filed Oct 27, 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

Operating Summary

	Three Months Ended September 30,			Nine Months Ended September 30,
	2025	2024	Change	2025	2024	Change
Fee income and other revenue	$277	$263	5%	$793	$766	4%
Net investment income	4	5	(20%)	14	14	—%
Net realized gains	5	7	(29%)	14	15	(7)%
Total revenues	286	275	4%	821	795	3%
Operating costs and other expenses	214	208	3%	626	614	2%
Income before income taxes	72	67	7%	195	181	8%
Income tax expense [1]	15	13	15%	41	38	8%
Net income	$57	$54	6%	$154	$143	8%
Daily average Hartford Funds AUM	$148,269	$137,888	8%	$142,789	$134,546	6%
ROA [2]	15.4	15.7	(2%)	14.4	14.2	1%
Adjustment to reconcile ROA to ROA, core earnings:
Effect of net realized gains excluded from core earnings, before tax	(1.3)	(2.1)	38%	(1.3)	(1.5)	13%
Effect of income tax expense	0.2	—	NM	0.3	0.3	—%
ROA, core earnings [2]	14.3	13.6	5%	13.4	13.0	3%

[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.

Hartford Funds Segment AUM

	Three Months Ended September 30,			Nine Months Ended September 30,
	2025	2024	Change	2025	2024	Change
Mutual Fund and ETF AUM - beginning of period	$134,290	$123,686	9%	$128,054	$119,316	7%
Sales - Mutual Fund	7,098	5,669	25%	21,249	16,959	25%
Redemptions - Mutual Fund	(7,222)	(6,350)	(14%)	(24,495)	(21,130)	(16)%
Net flows - ETF	99	256	(61%)	274	150	83%
Net flows - Mutual Fund and ETF	(25)	(425)	94%	(2,972)	(4,021)	26%
Change in market value and other	6,732	7,105	(5%)	15,915	15,071	6%
Mutual Fund and ETF AUM - end of period	140,997	130,366	8%	140,997	130,366	8%
Third-party life and annuity separate account AUM	11,341	12,073	(6%)	11,341	12,073	(6)%
Hartford Funds AUM - end of period	$152,338	$142,439	7%	$152,338	$142,439	7%

Mutual Fund and ETF AUM by Asset Class

	As of September 30,
	2025	2024	Change
Equity - Mutual Funds	$94,454	$87,271	8%
Fixed Income - Mutual Funds	22,843	19,347	18%
Multi-Strategy Investments - Mutual Funds [1]	18,632	19,425	(4)%
Equity - ETF	2,094	1,847	13%
Fixed Income - ETF	2,974	2,476	20%
Mutual Fund and ETF AUM	$140,997	$130,366	8%

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

Table of Contents	Index to MD&A

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

Hartford Funds AUM

September 30, 2025 compared to 2024

Hartford Funds AUM increased primarily due to an increase in equity market levels, partially offset by net outflows over the preceding twelve month period. Net outflows were $25 and $3.0 billion, respectively, for the three and nine months ended September 30, 2025 compared to net outflows of $425 and $4.0 billion, respectively, for the three and nine months ended September 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.