HARTFORD INSURANCE GROUP, INC.

Employee Benefits - Results of Operations

[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.

Net income decreased in thethree month period primarily due to a higher group disability loss ratio, partially offset by a change from net realized losses to net realized gains, increased net investment income, and a lower expense ratio. For the six month period, net income decreased due to a higher group disability loss ratio, a higher expense ratio, partially offset by a lower group life loss ratio, increased net investment income, and lower net realized losses.

Insurance operating costs and other expenses increased in thethree and six month periodsdue to the impact from higher fully insured ongoing premium, including higher staffing costs, and an increase in technology costs.

Fully Insured Ongoing Premiums

[1]Other of $120 and $135 for the three months ended June 30, 2025 and 2026 respectively, and $238 and $270 six months ended June 30, 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 in thethree and six month periods 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 increasedin thethree and six month periods, driven by higher group life, group disability, and supplemental health sales. Group disability sales include the results of three new states implementing paid family and medical leave coverage in 2026.

Ratios

Loss ratio increased 3.4 points and 1.6 points for the three months and six months ended June 30, 2026, respectively, compared to the prior year period primarily driven by a higher group disability ratio, partially offset by a lower group life loss ratio. The group disability loss ratio increased 6.3 points for the three month period, driven by increased claim incidence across short and long-term disability and less favorable long-term disability claim recoveries compared with the prior year although in line with long-term expectations. The group disability ratio increased 4.9 points for the six month period, driven by increased claim incidence across short and long-term disability products and less favorable long-term disability claim recoveries, partially offset by continued paid family and medical leave pricing actions. The group life loss ratio decreased 0.1 points and 3.4 points for the three month and six month periods, respectively, due to lower mortality across both term and accidental life products.

Expense ratio decreased for the three months ended June 30, 2026 driven by the impact of earned premium growth and a lower commission ratio, partially offset by higher technology costs. For the six months ended June 30, 2026, the increase reflects higher staffing and technology costs.