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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Property & Casualty Other Operations
| Table of Contents | Index to MD&A |
|---|
Property & Casualty Other Operations - Results of Operations
| Three Months Ended September 30, | Nine Months Ended September 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 | 3 | (33%) | 6 | 7 | (14%) |
| Underwriting loss | (2) | (3) | 33% | (6) | (14) | 57% |
| Net investment income [2] | 19 | 18 | 6% | 56 | 55 | 2% |
| Net realized losses [2] | — | — | —% | (2) | (3) | 33% |
| Other income (expenses) | (1) | (4) | 75% | (1) | (4) | 75% |
| Income before income taxes | 16 | 11 | 45% | 47 | 34 | 38% |
| Income tax expense [3] | 4 | 1 | NM | 9 | 5 | 80% |
| Net income | $12 | $10 | 20% | $38 | $29 | 31% |
[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 in both the three and nine month periods, due to lower underwriting losses as well as lower other expenses resulting from a one-time contract settlement charge on a claims servicing agreement recorded in the 2024 periods.
Underwriting loss decreased slightly for the three month period due to a decrease in underwriting expenses. Underwriting loss decreased for the nine month period due to unfavorable prior accident year reserve development in the 2024 period.
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