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

Insurance operating costs and other expenses decreased in thethree month perioddue to lower staffing costs, partially offset by an increase in technology costs. For the nine month period, the amount increased due 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 $134 for the three months ended September 30, 2025 and 2026 respectively, and $358 and $404 nine months ended September 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 nine month periods increased due to the impact of new business sales, an increase in exposure on existing accounts and book persistency in excess of 90%.

Fully insured ongoing sales remained relatively flat for the three month period. For the nine month period, sales increased 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 4.8 points for the three month period due to higher group disability and group life loss ratios. The group disability loss ratio increased 5.7 points for the three month period, driven by increased claim incidence across short and long-term disability products and less favorable long-term disability claim recoveries compared with the prior year. The group life loss ratio increased 3.6 points for the three month period, reflecting that the 2025 period included a benefit related to favorable development on prior quarters, partially offset by lower mortality in the 2026 period in term life products.

For the nine month period, the loss ratio increased 2.6 points, driven by a higher group disability loss ratio, partially offset by a lower group life loss ratio. The group disability loss ratio increased 5.3 points 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 1.0 point for the nine month period due to lower mortality across both term and accidental life products.

Expense ratio decreased for the three month period, driven by lower staffing costs and the impact of earned premium growth, partially offset by higher technology costs. For the nine month period, the expense ratio decreased driven by the impact of earned premium growth, partially offset by higher technology costs and staffing costs.