XML 75 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | Segment Revenues
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 | 2024 |  | 2025 | 2024
Business Insurance |  |  |  |  |
Workers’ compensation | $ | 917 |  | $ | 926 |  |  | $ | 1,835 |  | $ | 1,843 |
General liability | 609 |  | 540 |  |  | 1,193 |  | 1,066 |
Marine | 68 |  | 67 |  |  | 137 |  | 134 |
Package business | 659 |  | 572 |  |  | 1,278 |  | 1,121 |
Commercial property | 355 |  | 306 |  |  | 694 |  | 596 |
Professional liability | 208 |  | 200 |  |  | 414 |  | 403 |
Bond | 83 |  | 80 |  |  | 168 |  | 158 |
Assumed reinsurance | 222 |  | 180 |  |  | 442 |  | 361 |
Commercial automobile | 314 |  | 261 |  |  | 609 |  | 509 |
Business Insurance earned premium and fee income | 3,435 |  | 3,132 |  |  | 6,770 |  | 6,191 |
Net investment income | 449 |  | 402 |  |  | 886 |  | 793 |
Net realized losses | (20) |  | (50) |  |  | (44) |  | (38) |
Other revenue [1] | 1 |  | — |  |  | 2 |  | — |
Total Business Insurance | 3,865 |  | 3,484 |  |  | 7,614 |  | 6,946 |
Personal Insurance |  |  |  |  |
Personal automobile | 634 |  | 598 |  |  | 1,258 |  | 1,170 |
Homeowners | 305 |  | 259 |  |  | 588 |  | 508 |
Personal Insurance earned premium and fee income [2] | 939 |  | 857 |  |  | 1,846 |  | 1,678 |
Net investment income | 58 |  | 50 |  |  | 115 |  | 100 |
Net realized losses | (4) |  | (8) |  |  | (6) |  | (7) |
Other revenue | 24 |  | 25 |  |  | 44 |  | 44 |
Total Personal Insurance | 1,017 |  | 924 |  |  | 1,999 |  | 1,815 |
P&C Other Operations |  |  |  |  |
Net investment income | 19 |  | 19 |  |  | 37 |  | 37 |
Net realized losses | (2) |  | (3) |  |  | (2) |  | (3) |
Total P&C Other Operations | 17 |  | 16 |  |  | 35 |  | 34 |
Employee Benefits |  |  |  |  |
Group disability | 899 |  | 895 |  |  | 1,799 |  | 1,785 |
Group life | 644 |  | 663 |  |  | 1,294 |  | 1,308 |
Other | 120 |  | 107 |  |  | 238 |  | 211 |
Employee Benefits premium and other considerations | 1,663 |  | 1,665 |  |  | 3,331 |  | 3,304 |
Net investment income | 118 |  | 112 |  |  | 244 |  | 226 |
Net realized losses | (16) |  | (9) |  |  | (20) |  | (8) |
Total Employee Benefits | 1,765 |  | 1,768 |  |  | 3,555 |  | 3,522 |
Hartford Funds |  |  |  |  |
Mutual fund and ETF | 239 |  | 235 |  |  | 481 |  | 466 |
Third-party life and annuity separate accounts [3] | 17 |  | 18 |  |  | 35 |  | 37 |
Hartford Funds fee income | 256 |  | 253 |  |  | 516 |  | 503 |
Net investment income | 6 |  | 5 |  |  | 10 |  | 9 |
Net realized gains | 9 |  | 3 |  |  | 9 |  | 8 |
Total Hartford Funds | 271 |  | 261 |  |  | 535 |  | 520 |
Total segment revenues | $ | 6,935 |  | $ | 6,453 |  |  | $ | 13,738 |  | $ | 12,837 |
[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 June 30, 2025 and 2024, AARP members accounted for earned premiums of $841 and $788, respectively. For the six months ended June 30, 2025 and 2024, AARP members accounted for earned premiums of $1.66 billion and $1.55 billion, 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.
Segment, Reconciliation of Other Items from Segments to Consolidated | Significant Segment Expenses
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 | 2024 |  | 2025 | 2024
Business Insurance |  |  |  |  |
Current accident year losses and loss adjustment expenses ("LAE") before catastrophes | $ | 1,952 |  | $ | 1,750 |  |  | $ | 3,843 |  | $ | 3,475 |
Current accident year catastrophe losses and LAE | 114 |  | 155 |  |  | 394 |  | 264 |
Prior accident year development of losses and LAE | (146) |  | (81) |  |  | (229) |  | (137) |
Amortization of DAC | 546 |  | 489 |  |  | 1,077 |  | 965 |
Insurance operating costs | 507 |  | 484 |  |  | 1,019 |  | 971 |
Amortization of other intangible assets | 7 |  | 7 |  |  | 14 |  | 14 |
Dividends to policyholders | 11 |  | 9 |  |  | 21 |  | 19 |
Total Business Insurance | 2,991 |  | 2,813 |  |  | 6,139 |  | 5,571 |
Personal Insurance |  |  |  |  |
Current accident year losses and LAE before catastrophes | 585 |  | 597 |  |  | 1,148 |  | 1,172 |
Current accident year catastrophe losses and LAE | 98 |  | 125 |  |  | 285 |  | 177 |
Prior accident year development of losses and LAE | (41) |  | (34) |  |  | (80) |  | (41) |
Amortization of DAC | 70 |  | 63 |  |  | 138 |  | 123 |
Insurance operating costs | 172 |  | 169 |  |  | 354 |  | 322 |
Amortization of other intangible assets | — |  | — |  |  | 1 |  | 1 |
Total Personal Insurance | 884 |  | 920 |  |  | 1,846 |  | 1,754 |
P&C Other Operations |  |  |  |  |
Prior accident year development of losses and LAE | — |  | — |  |  | — |  | 7 |
Insurance operating costs | 2 |  | 2 |  |  | 4 |  | 4 |
Total P&C Other Operations | 2 |  | 2 |  |  | 4 |  | 11 |
Employee Benefits |  |  |  |  |
Group disability losses | 617 |  | 601 |  |  | 1,238 |  | 1,225 |
Group life losses | 478 |  | 497 |  |  | 997 |  | 1,030 |
Group losses - other | 55 |  | 49 |  |  | 114 |  | 96 |
Amortization of DAC | 9 |  | 9 |  |  | 17 |  | 18 |
Insurance operating costs and other expenses | 407 |  | 387 |  |  | 813 |  | 784 |
Amortization of other intangible assets | 10 |  | 10 |  |  | 20 |  | 20 |
Total Employee Benefits | 1,576 |  | 1,553 |  |  | 3,199 |  | 3,173 |
Hartford Funds |  |  |  |  |
Sub-advisory expense | 72 |  | 71 |  |  | 145 |  | 140 |
Employee compensation and benefits | 31 |  | 32 |  |  | 70 |  | 67 |
Distribution and service | 70 |  | 74 |  |  | 143 |  | 147 |
General, administrative and other | 30 |  | 26 |  |  | 54 |  | 52 |
Total Hartford Funds | 203 |  | 203 |  |  | 412 |  | 406 |
Total significant segment expenses | $ | 5,656 |  | $ | 5,491 |  |  | $ | 11,600 |  | $ | 10,915 |
Reconciliation of Net Income from Segments to Consolidated |
Segment/Category Summary For the Three Months Ended June 30, 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 | $ | 3,435 |  | $ | 939 |  | $ | — |  | $ | 1,663 |  | $ | 256 |  | $ | 6,293 |  | $ | 10 |  | $ | 6,303 |
Net investment income | 449 |  | 58 |  | 19 |  | 118 |  | 6 |  | 650 |  | 14 |  | 664 |
Net realized gains (losses) | (20) |  | (4) |  | (2) |  | (16) |  | 9 |  | (33) |  | 23 |  | (10) |
Other revenue [1] | 1 |  | 24 |  | — |  | — |  | — |  | 25 |  | 5 |  | 30 |
Total Revenues | 3,865 |  | 1,017 |  | 17 |  | 1,765 |  | 271 |  | 6,935 |  | 52 |  | 6,987 |
Significant segment expenses | 2,991 |  | 884 |  | 2 |  | 1,576 |  | 203 |  | 5,656 |  |  | 5,656 |
Other segment expenses [2] | 2 |  | 19 |  | — |  | — |  | — |  | 21 |  |  | 21 |
Corporate expenses |  |  |  |  |  |  | 64 |  | 64 |
Income tax expense (benefit) | 176 |  | 23 |  | 2 |  | 39 |  | 14 |  | 254 |  | (3) |  | 251 |
Net income (loss) | $ | 696 |  | $ | 91 |  | $ | 13 |  | $ | 150 |  | $ | 54 |  | $ | 1,004 |  | $ | (9) |  | $ | 995 |
Other segment disclosures: |  |  |  |  |  |  |  |
Amortization of DAC | $ | 546 |  | $ | 70 |  | $ | — |  | $ | 9 |  | $ | — |  | $ | 625 |  | $ | — |  | $ | 625 |
Amortization of other intangibles | $ | 7 |  | $ | — |  | $ | — |  | $ | 10 |  | $ | — |  | $ | 17 |  | $ | — |  | $ | 17 |
Segment/Category Summary For the Six Months Ended June 30, 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 | $ | 6,770 |  | $ | 1,846 |  | $ | — |  | $ | 3,331 |  | $ | 516 |  | $ | 12,463 |  | $ | 21 |  | $ | 12,484 |
Net investment income | 886 |  | 115 |  | 37 |  | 244 |  | 10 |  | 1,292 |  | 28 |  | 1,320 |
Net realized gains (losses) | (44) |  | (6) |  | (2) |  | (20) |  | 9 |  | (63) |  | 4 |  | (59) |
Other revenue [1] | 2 |  | 44 |  | — |  | — |  | — |  | 46 |  | 6 |  | 52 |
Total Revenues | 7,614 |  | 1,999 |  | 35 |  | 3,555 |  | 535 |  | 13,738 |  | 59 |  | 13,797 |
Significant segment expenses | 6,139 |  | 1,846 |  | 4 |  | 3,199 |  | 412 |  | 11,600 |  |  | 11,600 |
Other segment expenses [2] | 4 |  | 34 |  | — |  | — |  | — |  | 38 |  |  | 38 |
Corporate expenses |  |  |  |  |  |  | 130 |  | 130 |
Income tax expense (benefit) | 298 |  | 23 |  | 5 |  | 73 |  | 26 |  | 425 |  | (21) |  | 404 |
Net income (loss) | $ | 1,173 |  | $ | 96 |  | $ | 26 |  | $ | 283 |  | $ | 97 |  | $ | 1,675 |  | $ | (50) |  | $ | 1,625 |
Other segment disclosures: |  |  |  |  |  |  |  |
Amortization of DAC | $ | 1,077 |  | $ | 138 |  | $ | — |  | $ | 17 |  | $ | — |  | $ | 1,232 |  | $ | — |  | $ | 1,232 |
Amortization of other intangibles | $ | 14 |  | $ | 1 |  | $ | — |  | $ | 20 |  | $ | — |  | $ | 35 |  | $ | — |  | $ | 35 |
Segment/Category Summary For the Three Months Ended June 30, 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 | $ | 3,132 |  | $ | 857 |  | $ | — |  | $ | 1,665 |  | $ | 253 |  | $ | 5,907 |  | $ | 10 |  | $ | 5,917 |
Net investment income | 402 |  | 50 |  | 19 |  | 112 |  | 5 |  | 588 |  | 14 |  | 602 |
Net realized gains (losses) | (50) |  | (8) |  | (3) |  | (9) |  | 3 |  | (67) |  | 8 |  | (59) |
Other revenue [1] | — |  | 25 |  | — |  | — |  | — |  | 25 |  | 1 |  | 26 |
Total Revenues | 3,484 |  | 924 |  | 16 |  | 1,768 |  | 261 |  | 6,453 |  | 33 |  | 6,486 |
Significant segment expenses | 2,813 |  | 920 |  | 2 |  | 1,553 |  | 203 |  | 5,491 |  |  | 5,491 |
Other segment expenses [2] | 1 |  | 19 |  | — |  | — |  | — |  | 20 |  |  | 20 |
Corporate expenses |  |  |  |  |  |  | 63 |  | 63 |
Income tax expense (benefit) | 130 |  | (4) |  | 3 |  | 44 |  | 14 |  | 187 |  | (13) |  | 174 |
Net income (loss) | $ | 540 |  | $ | (11) |  | $ | 11 |  | $ | 171 |  | $ | 44 |  | $ | 755 |  | $ | (17) |  | $ | 738 |
Other segment disclosures: |  |  |  |  |  |  |  |
Amortization of DAC | $ | 489 |  | $ | 63 |  | $ | — |  | $ | 9 |  | $ | — |  | $ | 561 |  | $ | — |  | $ | 561 |
Amortization of other intangibles | $ | 7 |  | $ | — |  | $ | — |  | $ | 10 |  | $ | — |  | $ | 17 |  | $ | — |  | $ | 17 |
Segment/Category Summary For the Six Months Ended June 30, 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 | $ | 6,191 |  | $ | 1,678 |  | $ | — |  | $ | 3,304 |  | $ | 503 |  | $ | 11,676 |  | $ | 20 |  | $ | 11,696 |
Net investment income | 793 |  | 100 |  | 37 |  | 226 |  | 9 |  | 1,165 |  | 30 |  | 1,195 |
Net realized gains (losses) | (38) |  | (7) |  | (3) |  | (8) |  | 8 |  | (48) |  | 17 |  | (31) |
Other revenue [1] | — |  | 44 |  | — |  | — |  | — |  | 44 |  | 1 |  | 45 |
Total Revenues | 6,946 |  | 1,815 |  | 34 |  | 3,522 |  | 520 |  | 12,837 |  | 68 |  | 12,905 |
Significant segment expenses | 5,571 |  | 1,754 |  | 11 |  | 3,173 |  | 406 |  | 10,915 |  |  | 10,915 |
Other segment expenses [2] | 3 |  | 34 |  | — |  | — |  | — |  | 37 |  |  | 37 |
Corporate expenses |  |  |  |  |  |  | 130 |  | 130 |
Income tax expense (benefit) | 259 |  | 4 |  | 4 |  | 70 |  | 25 |  | 362 |  | (30) |  | 332 |
Net income (loss) | $ | 1,113 |  | $ | 23 |  | $ | 19 |  | $ | 279 |  | $ | 89 |  | $ | 1,523 |  | $ | (32) |  | $ | 1,491 |
Other segment disclosures: |  |  |  |  |  |  |  |
Amortization of DAC | $ | 965 |  | $ | 123 |  | $ | — |  | $ | 18 |  | $ | — |  | $ | 1,106 |  | $ | — |  | $ | 1,106 |
Amortization of other intangibles | $ | 14 |  | $ | 1 |  | $ | — |  | $ | 20 |  | $ | — |  | $ | 35 |  | $ | — |  | $ | 35 |
[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
Reconciliation of Assets from Segment to Consolidated |
Assets
| June 30, 2025 | December 31, 2024
Business Insurance | $ | 55,682 |  | $ | 53,296 |
Personal Insurance | 6,453 |  | 6,034 |
Property & Casualty Other Operations | 4,237 |  | 4,312 |
Employee Benefits | 13,289 |  | 13,502 |
Hartford Funds | 755 |  | 761 |
Total Reportable Segments | 80,416 |  | 77,905 |
Corporate | 3,223 |  | 3,012 |
Total assets | $ | 83,639 |  | $ | 80,917 |
Disaggregation of Revenue [Table Text Block] | Non-Insurance Revenue from Contracts with Customers
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
| Revenue Line Item | 2025 | 2024 |  | 2025 | 2024
Business Insurance |  |  |  |  |  |
Installment billing fees | Fee income | $ | 11 |  | $ | 11 |  |  | $ | 22 |  | $ | 22 |
Personal Insurance |  |  |  |  |  |
Installment billing fees | Fee income | 8 |  | 8 |  |  | 16 |  | 16 |
Insurance servicing revenues | Other revenues | 24 |  | 25 |  |  | 44 |  | 44 |
Employee Benefits |  |  |  |  |  |
Administrative services | Fee income | 57 |  | 57 |  |  | 113 |  | 111 |
Hartford Funds |  |  |  |  |  |
Advisory, servicing and distribution fees | Fee income | 256 |  | 253 |  |  | 516 |  | 503 |
Corporate |  |  |  |  |  |
Investment management and other fees | Fee income | 10 |  | 10 |  |  | 21 |  | 20 |
Total non-insurance revenues with customers |  | $ | 366 |  | $ | 364 |  |  | $ | 732 |  | $ | 716 |

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 all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated 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 (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
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