XML 106 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1

Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues

			For the years ended December 31,
			2024			2023			2022
Business Insurance
Workers’ compensation			$	3,691		$	3,670		$	3,499
General liability			2,218			1,977			1,836
Marine			278			256			235
Package business			2,331			2,076			1,844
Commercial property			1,258			1,053			845
Professional Liability			824			787			737
Bond			327			321			303
Assumed reinsurance			758			615			467
Commercial automobile			1,079			927			844
Business Insurance earned premium and fee income			12,764			11,682			10,610
Net investment income			1,714			1,532			1,415
Net realized losses			(73)			(156)			(385)
Other revenue [1]			1			1			(1)
Total Business Insurance			14,406			13,059			11,639
Personal Insurance
Personal automobile			2,425			2,156			2,047
Homeowners			1,061			961			932
Personal Insurance earned premium and fee income [2]			3,486			3,117			2,979
Net investment income			222			171			140
Net realized losses			(14)			(16)			(35)
Other revenue			85			81			73
Total Personal Insurance			3,779			3,353			3,157
P&C Other Operations
Net investment income			74			69			63
Net realized losses			(4)			(7)			(16)
Total P&C Other Operations			70			62			47
Employee Benefits
Group disability			3,576			3,530			3,310
Group life			2,617			2,583			2,393
Other			422			402			354
Employee Benefits premium and other considerations			6,615			6,515			6,057
Net investment income			475			469			524
Net realized losses			(24)			(45)			(122)
Total Employee Benefits			7,066			6,939			6,459
Hartford Funds
Mutual fund and ETF			960			900			964
Third-party life and annuity separate accounts [3]			75			73			80
Hartford Funds fee income			1,035			973			1,044
Net investment income			20			17			9
Net realized gains (losses)			12			10			(24)
Total Hartford Funds			1,067			1,000			1,029
Total segment revenues			$	26,388		$	24,413		$	22,331

[1]Other revenues for Business Insurance includes revenues from equity method investments that are not considered revenues from contracts with customers in the table below.

[2]For 2024, 2023 and 2022, AARP members accounted for earned premiums of $3.2 billion, $2.9 billion and $2.7 billion, respectively.

[3]Represents revenues earned for investment advisory services on third party life and annuity separate account AUM by the Company's Hartford Funds segment.

Reconciliation of Other Significant Reconciling Item from Segments to Consolidated

Significant Segment Expenses

			For the years ended December 31,
			2024			2023			2022
Business Insurance
Current accident year losses and loss adjustment expenses ("LAE") before catastrophes			$	7,186		$	6,575		$	5,959
Current accident year catastrophe losses and LAE			486			436			441
Prior accident year development of losses and LAE			(231)			(225)			(231)
Amortization of DAC			1,993			1,779			1,563
Insurance operating costs			1,973			1,837			1,788
Amortization of other intangible assets			29			29			29
Dividends to policyholders			39			39			29
Total Business Insurance			11,475			10,470			9,578
Personal Insurance
Current accident year losses and LAE before catastrophes			2,351			2,287			1,969
Current accident year catastrophe losses and LAE			282			240			208
Prior accident year development of losses and LAE			(108)			11			(13)
Amortization of DAC			255			231			228
Insurance operating costs			673			576			594
Amortization of other intangible assets			2			2			2
Total Personal Insurance			3,455			3,347			2,988
P&C Other Operations
Prior accident year development of losses and LAE			219			224			280
Insurance operating costs			9			4			9
Total P&C Other Operations			228			228			289
Employee Benefits
Group disability losses			2,432			2,370			2,263
Group life losses			2,060			2,157			2,091
Group losses - other			189			156			163
Amortization of DAC			34			34			33
Insurance operating costs and other expenses			1,609			1,514			1,467
Amortization of other intangible assets			40			40			40
Total Employee Benefits			6,364			6,271			6,057
Hartford Funds
Sub-advisory expense			289			265			282
Employee compensation and benefits			131			121			123
Distribution and service			299			289			315
General, administrative and other			105			106			106
Total Hartford Funds			824			781			826
Total significant segment expenses			$	22,346		$	21,097		$	19,738

Reconciliation of Net Income from Segments to Consolidated

Segment/Category Summary For the Year Ended December 31, 2024
			Reportable Segments
			Business Insurance			Personal Insurance			P&C Other Operations			Employee Benefits			Hartford Funds			Total Reportable Segments			Corporate			Consolidated
Earned premium and fee income from external customers			$	12,764		$	3,486		$	—		$	6,615		$	1,035		$	23,900		$	40		$	23,940
Net investment income			1,714			222			74			475			20			2,505			63			2,568
Net realized gains/(losses)			(73)			(14)			(4)			(24)			12			(103)			42			(61)
Other revenue [1]			1			85			—			—			—			86			2			88
Total Revenues			14,406			3,779			70			7,066			1,067			26,388			147			26,535
Significant segment expenses			11,475			3,455			228			6,364			824			22,346						22,346
Other segment expenses [2]			6			67			4			—			—			77						77
Corporate expenses																					263			263
Income tax expense/(benefit)			576			49			(35)			141			51			782			(44)			738
Net income (loss)			$	2,349		$	208		$	(127)		$	561		$	192		$	3,183		$	(72)		$	3,111
Other segment disclosures:
Amortization of DAC			$	1,993		$	255		$	—		$	34		$	—		$	2,282		$	—		$	2,282
Amortization of other intangibles			$	29		$	2		$	—		$	40		$	—		$	71		$	—		$	71
Total Assets			$	53,296		$	6,034		$	4,312		$	13,502		$	761		$	77,905		$	3,012		$	80,917

Segment/Category Summary For the Year Ended December 31, 2023
			Reportable Segments
			Business Insurance			Personal Insurance			P&C Other Operations			Employee Benefits			Hartford Funds			Total Reportable Segments			Corporate			Consolidated
Earned premium and fee income from external customers			$	11,682		$	3,117		$	—		$	6,515		$	973		$	22,287		$	39		$	22,326
Net investment income			1,532			171			69			469			17			2,258			47			2,305
Net realized gains/(losses)			(156)			(16)			(7)			(45)			10			(214)			26			(188)
Other revenue [1]			1			81			—			—			—			82			2			84
Total Revenues			13,059			3,353			62			6,939			1,000			24,413			114			24,527
Significant segment expenses			10,470			3,347			228			6,271			781			21,097						21,097
Other segment expenses [2]			2			60			—			—			—			62						62
Corporate expenses																					280			280
Income tax expense/(benefit)			502			(15)			(36)			133			45			629			(45)			584
Net income (loss)			$	2,085		$	(39)		$	(130)		$	535		$	174		$	2,625		$	(121)		$	2,504
Other segment disclosures:
Amortization of DAC			$	1,779		$	231		$	—		$	34		$	—		$	2,044		$	—		$	2,044
Amortization of other intangibles			$	29		$	2		$	—		$	40		$	—		$	71		$	—		$	71
Total Assets			$	49,711		$	5,579		$	4,235		$	13,697		$	684		$	73,906		$	2,874		$	76,780

Segment/Category Summary For the Year Ended December 31, 2022
			Reportable Segments
			Business Insurance			Personal Insurance			P&C Other Operations			Employee Benefits			Hartford Funds			Total Reportable Segments			Corporate			Consolidated
Earned premium and fee income from external customers			$	10,610		$	2,979		$	—		$	6,057		$	1,044		$	20,690		$	49		$	20,739
Net investment income			1,415			140			63			524			9			2,151			26			2,177
Net realized losses			(385)			(35)			(16)			(122)			(24)			(582)			(45)			(627)
Other revenue/(loss) [1]			(1)			73			—			—			—			72			1			73
Total Revenues			11,639			3,157			47			6,459			1,029			22,331			31			22,362
Significant segment expenses			9,578			2,988			289			6,057			826			19,738						19,738
Other segment expenses [2]			11			56			—			—			—			67						67
Corporate expenses																					295			295
Income tax expense/(benefit)			426			22			(52)			75			41			512			(69)			443
Net income (loss)			$	1,624		$	91		$	(190)		$	327		$	162		$	2,014		$	(195)		$	1,819
Other segment disclosures:
Amortization of DAC			$	1,563		$	228		$	—		$	33		$	—		$	1,824		$	—		$	1,824
Amortization of other intangibles			$	29		$	2		$	—		$	40		$	—		$	71		$	—		$	71

[1] Other revenues for Business Insurance and Corporate includes revenues from equity method investments that are not considered revenues from contracts with customers in the table below.

[2] Other segment expenses primarily consists of integration costs associated with the 2019 acquisition of Navigators Group for Business Insurance and servicing expenses for Personal Insurance.

Disaggregation of Revenue [Table Text Block]

Non-Insurance Revenue from Contracts with Customers

						For the years ended December 31,
			Revenue Line Item			2024			2023			2022
Business Insurance
Installment billing fees			Fee income			$	43		$	41		$	39
Personal Insurance
Installment billing fees			Fee income			33			30			30
Insurance servicing revenues			Other revenues			85			81			73
Employee Benefits
Administrative services			Fee income			222			217			187
Hartford Funds
Advisory, servicing and distribution fees			Fee income			1,035			973			1,044
Corporate
Investment management and other fees			Fee income			40			39			49
Other			Other revenues			—			1			1
Total non-insurance revenues with customers						$	1,458		$	1,382		$	1,423

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration