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Schedule II Condensed Financial Information of the Hartford Financial Services, Inc. | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule II Condensed Financial Information of the Hartford Financial Services, Inc. | THE HARTFORD INSURANCE GROUP, INC. SCHEDULE II CONDENSED FINANCIAL INFORMATION OF THE HARTFORD INSURANCE GROUP, INC. (Registrant) (in millions)
| As of December 31,
Condensed Balance Sheets | 2024 | 2023
Assets |  |
Fixed maturities, available-for-sale, at fair value (amortized cost of $24 and $29) | $ | 20 |  | $ | 24 |
Short-term investments | 1,290 |  | 1,040 |
Cash | — |  | — |
Investment in affiliates | 21,177 |  | 20,261 |
Deferred income taxes | 432 |  | 439 |
Unamortized issue costs | 1 |  | 2 |
Investment income due and accrued | 1 |  | — |
Other assets | 409 |  | 400 |
Total assets | $ | 23,330 |  | $ | 22,166 |
Liabilities |  |
Net payable to affiliates | $ | 1,967 |  | $ | 1,918 |
Long-term debt | 4,366 |  | 4,362 |
Other liabilities | 550 |  | 559 |
Total liabilities | 6,883 |  | 6,839 |
Stockholders’ Equity |  |
Preferred stock | $ | 334 |  | $ | 334 |
Common stock | 3 |  | 3 |
Additional paid-in capital | 578 |  | 648 |
Retained Earnings | 21,531 |  | 19,007 |
Treasury Stock | (3,113) |  | (1,816) |
Accumulated other comprehensive income (loss), net of tax | (2,886) |  | (2,849) |
Total stockholders’ equity | 16,447 |  | 15,327 |
Total liabilities and stockholders’ equity | $ | 23,330 |  | $ | 22,166 |
The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto. THE HARTFORD INSURANCE GROUP, INC. SCHEDULE II CONDENSED FINANCIAL INFORMATION OF THE HARTFORD INSURANCE GROUP, INC. (continued) (Registrant) (in millions)
| For the years ended December 31,
Condensed Statements of Operations and Comprehensive Income (Loss) | 2024 | 2023 | 2022
Net investment income | $ | 47 |  | $ | 33 |  | $ | 13 |
Net realized gains | 4 |  | — |  | — |
Total revenues | 51 |  | 33 |  | 13 |
Interest expense | 199 |  | 199 |  | 213 |
Loss on extinguishment of debt | — |  | — |  | 9 |
Other expense (income) | (3) |  | 7 |  | (8) |
Total expenses | 196 |  | 206 |  | 214 |
Loss before income taxes and earnings of subsidiaries | (145) |  | (173) |  | (201) |
Income tax benefit | (44) |  | (67) |  | (61) |
Loss before earnings of subsidiaries | (101) |  | (106) |  | (140) |
Earnings of subsidiaries | 3,212 |  | 2,610 |  | 1,959 |
Net income | 3,111 |  | 2,504 |  | 1,819 |
Other comprehensive income (loss) - parent company: |  |  |
Change in net gain or loss on cash-flow hedging instruments | (3) |  | (7) |  | 45 |
Change in net unrealized gain or loss on fixed maturities | — |  | 1 |  | (4) |
Change in pension and other postretirement plan adjustments | (5) |  | (89) |  | 119 |
Other comprehensive income (loss), net of taxes before other comprehensive income of subsidiaries | (8) |  | (95) |  | 160 |
Other comprehensive income (loss) of subsidiaries | (29) |  | 1,087 |  | (4,129) |
Total other comprehensive income (loss) | (37) |  | 992 |  | (3,969) |
Total comprehensive income (loss) | $ | 3,074 |  | $ | 3,496 |  | $ | (2,150) |
The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto. THE HARTFORD INSURANCE GROUP, INC. SCHEDULE II CONDENSED FINANCIAL INFORMATION OF THE HARTFORD INSURANCE GROUP, INC. (continued) (Registrant) (in millions)
| For the years ended December 31,
Condensed Statements of Cash Flows | 2024 | 2023 | 2022
Operating Activities |  |  |
Net income | $ | 3,111 |  | $ | 2,504 |  | $ | 1,819 |
Loss on extinguishment of debt | — |  | — |  | 9 |
Dividends received from subsidiaries | 1,587 |  | 1,594 |  | 1,780 |
Equity in net income of subsidiaries | (3,212) |  | (2,610) |  | (1,959) |
Net realized gains | (4) |  | — |  | — |
Change in operating assets and liabilities | 132 |  | 75 |  | 61 |
Cash provided by operating activities | 1,614 |  | 1,563 |  | 1,710 |
Investing Activities |  |  |
Net proceeds from (payments for) short-term investments | (250) |  | (208) |  | 899 |
Proceeds from the sale/maturity/prepayment of: |  |  |
Fixed maturities, available-for-sale | 4 |  | 97 |  | 47 |
Payments for the purchase of: |  |  |
Equity securities, at fair value | — |  | — |  | (5) |
Net payments for derivatives | 2 |  | (8) |  | 55 |
Capital returned from (contributions to) subsidiaries | 704 |  | 503 |  | (6) |
Cash provided by investing activities | 460 |  | 384 |  | 990 |
Financing Activities |  |  |
Repayments of debt | — |  | — |  | (600) |
Treasury stock acquired, including related excise tax paid | (1,514) |  | (1,400) |  | (1,550) |
Net issuance (return of) shares under incentive and stock compensation plans, including related excise tax benefit | 22 |  | 6 |  | (19) |
Dividends paid on common shares | (561) |  | (532) |  | (510) |
Dividends paid on preferred shares | (21) |  | (21) |  | (21) |
Cash used for financing activities | (2,074) |  | (1,947) |  | (2,700) |
Net increase (decrease) in cash | — |  | — |  | — |
Cash — beginning of period | — |  | — |  | — |
Cash — end of period | $ | — |  | $ | — |  | $ | — |
Supplemental Disclosure of Cash Flow Information |  |  |
Interest Paid | $ | 211 |  | $ | 209 |  | $ | 212 |
The condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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