XML 54 R10.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | 3. Segment Information The Company currently conducts business principally in five reportable segments including Business Insurance, Personal Insurance, Property & Casualty ("P&C") Other Operations, Employee Benefits and Hartford Funds, as well as a Corporate category. Segment Revenues
|  |  | Three Months Ended March 31,
|  |  |  | 2025 | 2024
Business Insurance |  |  |  |  |
Workers’ compensation |  |  |  | $ | 918 |  | $ | 917 |
General liability |  |  |  | 584 |  | 526 |
Marine |  |  |  | 69 |  | 67 |
Package business |  |  |  | 619 |  | 549 |
Commercial property |  |  |  | 339 |  | 290 |
Professional liability |  |  |  | 206 |  | 203 |
Bond |  |  |  | 85 |  | 78 |
Assumed reinsurance |  |  |  | 220 |  | 181 |
Commercial automobile |  |  |  | 295 |  | 248 |
Business Insurance earned premium and fee income |  |  |  | 3,335 |  | 3,059 |
Net investment income |  |  |  | 437 |  | 391 |
Net realized gains (losses) |  |  |  | (24) |  | 12 |
Other revenue [1] |  |  |  | 1 |  | — |
Total Business Insurance |  |  |  | 3,749 |  | 3,462 |
Personal Insurance |  |  |  |  |
Personal automobile |  |  |  | 624 |  | 572 |
Homeowners |  |  |  | 283 |  | 249 |
Personal Insurance earned premium and fee income [2] |  |  |  | 907 |  | 821 |
Net investment income |  |  |  | 57 |  | 50 |
Net realized gains (losses) |  |  |  | (2) |  | 1 |
Other revenue |  |  |  | 20 |  | 19 |
Total Personal Insurance |  |  |  | 982 |  | 891 |
P&C Other Operations |  |  |  |  |
Net investment income |  |  |  | 18 |  | 18 |
Total P&C Other Operations |  |  |  | 18 |  | 18 |
Employee Benefits |  |  |  |  |
Group disability |  |  |  | 900 |  | 890 |
Group life |  |  |  | 650 |  | 645 |
Other |  |  |  | 118 |  | 104 |
Employee Benefits premium and other considerations |  |  |  | 1,668 |  | 1,639 |
Net investment income |  |  |  | 126 |  | 114 |
Net realized gains (losses) |  |  |  | (4) |  | 1 |
Total Employee Benefits |  |  |  | 1,790 |  | 1,754 |
Hartford Funds |  |  |  |  |
Mutual fund and ETF |  |  |  | 242 |  | 231 |
Third-party life and annuity separate accounts [3] |  |  |  | 18 |  | 19 |
Hartford Funds fee income |  |  |  | 260 |  | 250 |
Net investment income |  |  |  | 4 |  | 4 |
Net realized gains |  |  |  | — |  | 5 |
Total Hartford Funds |  |  |  | 264 |  | 259 |
Total segment revenues |  |  |  | $ | 6,803 |  | $ | 6,384 |
[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 the three months ended March 31, 2025 and 2024, AARP members accounted for earned premiums of $822 and $758, respectively. [3] Represents revenues earned for investment advisory services on third party life and annuity separate account assets under management ("AUM") by the Company's Hartford Funds segment. Significant Segment Expenses
|  |  | Three Months Ended March 31,
|  |  |  | 2025 | 2024
Business Insurance |  |  |  |  |
Current accident year losses and loss adjustment expenses ("LAE") before catastrophes |  |  |  | $ | 1,891 |  | $ | 1,725 |
Current accident year catastrophe losses and LAE |  |  |  | 280 |  | 109 |
Prior accident year development of losses and LAE |  |  |  | (83) |  | (56) |
Amortization of DAC |  |  |  | 531 |  | 476 |
Insurance operating costs |  |  |  | 512 |  | 487 |
Amortization of other intangible assets |  |  |  | 7 |  | 7 |
Dividends to policyholders |  |  |  | 10 |  | 10 |
Total Business Insurance |  |  |  | 3,148 |  | 2,758 |
Personal Insurance |  |  |  |  |
Current accident year losses and LAE before catastrophes |  |  |  | 563 |  | 575 |
Current accident year catastrophe losses and LAE |  |  |  | 187 |  | 52 |
Prior accident year development of losses and LAE |  |  |  | (39) |  | (7) |
Amortization of DAC |  |  |  | 68 |  | 60 |
Insurance operating costs |  |  |  | 182 |  | 153 |
Amortization of other intangible assets |  |  |  | 1 |  | 1 |
Total Personal Insurance |  |  |  | 962 |  | 834 |
P&C Other Operations |  |  |  |  |
Prior accident year development of losses and LAE |  |  |  | — |  | 7 |
Insurance operating costs |  |  |  | 2 |  | 2 |
Total P&C Other Operations |  |  |  | 2 |  | 9 |
Employee Benefits |  |  |  |  |
Group disability losses |  |  |  | 621 |  | 624 |
Group life losses |  |  |  | 519 |  | 533 |
Group losses - other |  |  |  | 59 |  | 47 |
Amortization of DAC |  |  |  | 8 |  | 9 |
Insurance operating costs and other expenses |  |  |  | 406 |  | 397 |
Amortization of other intangible assets |  |  |  | 10 |  | 10 |
Total Employee Benefits |  |  |  | 1,623 |  | 1,620 |
Hartford Funds |  |  |  |  |
Sub-advisory expense |  |  |  | 73 |  | 69 |
Employee compensation and benefits |  |  |  | 39 |  | 35 |
Distribution and service |  |  |  | 73 |  | 73 |
General, administrative and other |  |  |  | 24 |  | 26 |
Total Hartford Funds |  |  |  | 209 |  | 203 |
Total significant segment expenses |  |  |  | 5,944 |  | 5,424 |
Segment/Category Summary For the Three Months Ended March 31, 2025
| 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 | $ | 3,335 |  | $ | 907 |  | $ | — |  | $ | 1,668 |  | $ | 260 |  | $ | 6,170 |  | $ | 11 |  | $ | 6,181 |
Net investment income | 437 |  | 57 |  | 18 |  | 126 |  | 4 |  | 642 |  | 14 |  | 656 |
Net realized losses | (24) |  | (2) |  | — |  | (4) |  | — |  | (30) |  | (19) |  | (49) |
Other revenue [1] | 1 |  | 20 |  | — |  | — |  | — |  | 21 |  | 1 |  | 22 |
Total Revenues | 3,749 |  | 982 |  | 18 |  | 1,790 |  | 264 |  | 6,803 |  | 7 |  | 6,810 |
Significant segment expenses | 3,148 |  | 962 |  | 2 |  | 1,623 |  | 209 |  | 5,944 |  |  | 5,944 |
Other segment expenses [2] | 2 |  | 15 |  | — |  | — |  | — |  | 17 |  |  | 17 |
Corporate expenses |  |  |  |  |  |  | 66 |  | 66 |
Income tax expense (benefit) | 122 |  | — |  | 3 |  | 34 |  | 12 |  | 171 |  | (18) |  | 153 |
Net income (loss) | $ | 477 |  | $ | 5 |  | $ | 13 |  | $ | 133 |  | $ | 43 |  | $ | 671 |  | $ | (41) |  | $ | 630 |
Other segment disclosures: |  |  |  |  |  |  |  |
Amortization of DAC | $ | 531 |  | $ | 68 |  | $ | — |  | $ | 8 |  | $ | — |  | $ | 607 |  | $ | — |  | $ | 607 |
Amortization of other intangibles | $ | 7 |  | $ | 1 |  | $ | — |  | $ | 10 |  | $ | — |  | $ | 18 |  | $ | — |  | $ | 18 |
Segment/Category Summary For the Three Months Ended March 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 | $ | 3,059 |  | $ | 821 |  | $ | — |  | $ | 1,639 |  | $ | 250 |  | $ | 5,769 |  | $ | 10 |  | $ | 5,779 |
Net investment income | 391 |  | 50 |  | 18 |  | 114 |  | 4 |  | 577 |  | 16 |  | 593 |
Net realized gains | 12 |  | 1 |  | — |  | 1 |  | 5 |  | 19 |  | 9 |  | 28 |
Other revenue [1] | — |  | 19 |  | — |  | — |  | — |  | 19 |  | — |  | 19 |
Total Revenues | 3,462 |  | 891 |  | 18 |  | 1,754 |  | 259 |  | 6,384 |  | 35 |  | 6,419 |
Significant segment expenses | 2,758 |  | 834 |  | 9 |  | 1,620 |  | 203 |  | 5,424 |  |  | 5,424 |
Other segment expenses [2] | 2 |  | 15 |  | — |  | — |  | — |  | 17 |  |  | 17 |
Corporate expenses |  |  |  |  |  |  | 67 |  | 67 |
Income tax expense (benefit) | 129 |  | 8 |  | 1 |  | 26 |  | 11 |  | 175 |  | (17) |  | 158 |
Net income (loss) | $ | 573 |  | $ | 34 |  | $ | 8 |  | $ | 108 |  | $ | 45 |  | $ | 768 |  | $ | (15) |  | $ | 753 |
Other segment disclosures: |  |  |  |  |  |  |  |
Amortization of DAC | $ | 476 |  | $ | 60 |  | $ | — |  | $ | 9 |  | $ | — |  | $ | 545 |  | $ | — |  | $ | 545 |
Amortization of other intangibles | $ | 7 |  | $ | 1 |  | $ | — |  | $ | 10 |  | $ | — |  | $ | 18 |  | $ | — |  | $ | 18 |
[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
Assets
| March 31, 2025 | December 31, 2024
Business Insurance | $ | 54,557 |  | $ | 53,296 |
Personal Insurance | 6,221 |  | 6,034 |
Property & Casualty Other Operations | 4,295 |  | 4,312 |
Employee Benefits | 13,384 |  | 13,502 |
Hartford Funds | 778 |  | 761 |
Total Reportable Segments | 79,235 |  | 77,905 |
Corporate | 3,072 |  | 3,012 |
Total assets | $ | 82,307 |  | $ | 80,917 |
Non-Insurance Revenue from Contracts with Customers
|  |  |  | Three Months Ended March 31,
| Revenue Line Item |  |  |  | 2025 | 2024
Business Insurance |  |  |  |  |  |
Installment billing fees | Fee income |  |  |  | $ | 11 |  | $ | 11 |
Personal Insurance |  |  |  |  |  |
Installment billing fees | Fee income |  |  |  | 8 |  | 8 |
Insurance servicing revenues | Other revenues |  |  |  | 20 |  | 19 |
Employee Benefits |  |  |  |  |  |
Administrative services | Fee income |  |  |  | 56 |  | 54 |
Hartford Funds |  |  |  |  |  |
Advisory, servicing and distribution fees | Fee income |  |  |  | 260 |  | 250 |
Corporate |  |  |  |  |  |
Investment management and other fees | Fee income |  |  |  | 11 |  | 10 |
Total non-insurance revenues with customers |  |  |  |  | $ | 366 |  | $ | 352 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration