HARTFORD INSURANCE GROUP, INC.

For the period ended Mar 31, 2026. Filed Apr 23, 2026.

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.

Mar 31, 2026 · Filed Apr 23, 2026

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

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Contents

Employee Benefits

Employee Benefits - Results of Operations

Operating Summary
	Three Months Ended March 31,
	2026	2025	Change
Premiums and other considerations	$1,723	$1,668	3%
Net investment income [1]	131	126	4%
Net realized losses [1]	(11)	(4)	(175)%
Total revenues	1,843	1,790	3%
Benefits, losses and loss adjustment expenses	1,238	1,199	3%
Amortization of DAC	8	8	—%
Insurance operating costs and other expenses	439	406	8%
Amortization of other intangible assets	10	10	—%
Total benefits, losses and expenses	1,695	1,623	4%
Income before income taxes	148	167	(11)%
Income tax expense [2]	30	34	(12)%
Net income	$118	$133	(11)%

[1]For discussion of consolidated investment results, see MD&A - Investment Results.

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

Premiums and Other Considerations
	Three Months Ended March 31,
	2026	2025	Change
Fully insured – ongoing premiums	$1,654	$1,612	3%
Buyout premiums	12	—	NM
Fee income	57	56	2%
Total premiums and other considerations	$1,723	$1,668	3%
Fully insured ongoing sales	$582	$381	53%

Table of Contents	Index to MD&A

Ratios, Excluding Buyouts
	Three Months Ended March 31,
	2026	2025	Change
Group disability loss ratio	72.7%	69.0%	3.7
Group life loss ratio	73.2%	79.9%	(6.7)
Total loss ratio	71.7%	71.9%	(0.2)
Expense ratio	26.7%	25.4%	1.3

Margin
	Three Months Ended March 31,
	2026	2025	Change
Net income margin	6.4%	7.4%	(1.0)
Adjustments to reconcile net income margin to core earnings margin:
Net realized losses, before tax	0.6%	0.3%	0.3
Income tax benefit	(0.1%)	(0.1%)	—
Core earnings margin	6.9%	7.6%	(0.7)

Net income decreased primarily due to a higher group disability loss ratio as well as an increase in the expense ratio, partially offset by a lower group life loss ratio and increased net investment income.

Insurance operating costs and other expenses were higherdue to higher staffing costs as well as higher technology costs.

Fully Insured Ongoing Premiums

[1]Other of $118 and $135 for the three months ended March 31, 2025 and 2026 respectively, which includes other group coverages such as retiree health insurance, critical illness, accident and hospital indemnity coverages.

Fully insured ongoing premiums increased due to higher new business sales across all products, an increase in exposure on existing accounts and persistency in excess of 90%.

Fully insured ongoing sales increased, driven by higher group disability, group life and supplemental health sales. Group disability sales include the results of two new states implementing paid family and medical leave coverage in 2026.

Table of Contents	Index to MD&A

Ratios

Loss ratio improved 0.2 points for the three months ended March 31, 2026, compared to the prior year period driven by a decrease in the group life loss ratio partially offset by a higher group disability loss ratio. The group life loss ratio decreased 6.7 points driven by lower mortality across both term and accidental life products. The group disability loss ratio increased 3.7 points due to less favorable long-term disability loss trends and higher claim incidence in short-term disability, including paid family and medical leave, partially offset by continued paid family and medical leave pricing actions.

Expense ratio increased primarily due tohigher staffing costs as well as higher technology costs.

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