The Hartford has operating leases for real estate and equipment. The right-of-use asset as of December 31, 2024 and 2023 was $140 and $141, respectively, and is included in property and equipment, net, in the Consolidated Balance Sheets. The lease liability as of December 31, 2024 and 2023 was $145 and $144, respectively, and is included in other liabilities in the Consolidated Balance Sheets. Variable lease costs include changes in interest rates on variable rate leases primarily for automobiles. During the years ended December 31, 2024, 2023 and 2022, variable lease costs of $0, $0 and $6, respectively, were reported in restructuring and other costs for lease terminations under Hartford Next (see Note 21 - Restructuring and Other Costs for more information), and were excluded from components of lease expense.

Components of Lease Expense


	For the years ended December 31,
	2024		2023		2022
Operating lease cost	$	35	$	36	$	40
Short-term lease cost	1		—		—
Variable lease cost	1		(2)		—
Sublease income	(3)		(4)		(4)
Total lease costs included in insurance operating costs and other expenses	$	34	$	30	$	36

Supplemental Operating Lease Information


	For the years ended December 31,
	2024			2023			2022
Operating cash flows for operating leases (for the twelve months ended)	$	33		$	37		$	56
Right-of-use asset obtained in exchange for new operating lease liabilities	25			40			6
Weighted-average remaining lease term in years for operating leases	6 years			7 years			6 years
Weighted-average discount rate for operating leases	4.3		%	4.0		%	3.0		%

Maturities of Operating Lease Liabilities as of December 31, 2024


	Operating Leases
2025	$	31
2026	29
2027	27
2028	23
2029	19
Thereafter	40
Total lease payments	169
Less: Discount on lease payments to present value	24
Total lease liability	$	145