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Restructuring and Related Activities | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure | 21. RESTRUCTURING AND OTHER COSTS In recognition of the need to become more cost efficient and competitive along with enhancing the experience we provide to agents and customers, on July 30, 2020 the Company announced an operational transformation and cost reduction plan it refers to as Hartford Next. Hartford Next is intended to reduce annual insurance operating costs and other expenses through reduction of the Company's headcount, investment in information technology ("IT") to further enhance our capabilities, and other activities. Termination benefits related to workforce reductions and professional fees are included within restructuring and other costs in the Consolidated Statement of Operations and unpaid restructuring costs are included in other liabilities in the Company's Consolidated Balance Sheets. For the years ended December 31, 2023 and December 31, 2022, the severance benefits accrual was reduced by $6, and $7 respectively, due to more recent experience of higher than expected voluntary attrition. As of December 31, 2024, the program is substantially complete, though the Company may incur additional costs related to real estate that has been temporarily idled as part of Hartford Next. Any other remaining costs, including amortization of right of use assets, other lease exit costs, IT costs to retire applications and other expenses are expected to be immaterial.Total restructuring and other costs, excluding any additional costs related to temporarily idled real estate, are expected to be approximately $127, before tax, and have been recognized in the Corporate category for segment reporting.
Restructuring and Other Costs, Before Tax
| Incurred in the Year Ended December 31, 2022 | Incurred in the Year Ended December 31, 2023 | Incurred in the Year Ended December 31, 2024 | Cumulative Incurred in the Year Ended December 31, 2024 | Total Amount Expected to be Incurred |  |
Severance benefits | $ | (7) |  | $ | (6) |  | $ | — |  | $ | 35 |  | $ | 35 |  |  |
IT costs | 8 |  | 5 |  | — |  | 25 |  | 25 |  |  |
Professional fees and other expenses | 12 |  | 7 |  | 2 |  | 67 |  | 67 |  |  |
Total restructuring and other costs, before tax | $ | 13 |  | $ | 6 |  | $ | 2 |  | $ | 127 |  | $ | 127 |  |  |
Accrued Restructuring and Other Costs |
| Year Ended December 31, 2024 |
| Severance Benefits and Related Costs | IT Costs | Professional Fees and Other |  | Total Restructuring and Other Costs Liability |
Balance, beginning of period | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |
Incurred | — |  | — |  | 2 |  |  | 2 |  |
Payments | — |  | — |  | (2) |  |  | (2) |  |
Balance, end of period | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |
Accrued Restructuring and Other Costs |
| Year Ended December 31, 2023 |
| Severance Benefits and Related Costs | IT Costs | Professional Fees and Other |  | Total Restructuring and Other Costs Liability |
Balance, beginning of period | $ | 7 |  | $ | — |  | $ | — |  |  | $ | 7 |  |
Incurred | (6) |  | 5 |  | 7 |  |  | 6 |  |
Payments | (1) |  | (5) |  | (7) |  |  | (13) |  |
Balance, end of period | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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