哈特福德保险 2025年季度报告

FORM10-Q____________________________________ (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025 or The Hartford Insurance Group, Inc. (Exact name of registrant as specified in its charter) Delaware13-3317783(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) One Hartford Plaza,Hartford,Connecticut06155 (Address of principal executive offices) (Zip Code) (860)547-5000 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark: •If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.☐•whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ As of April23, 2025, there were outstanding284,102,986shares of Common Stock, $0.01 par value per share, of the registrant. The Hartford Insurance Group, Inc.Quarterly Report on Form 10-QFor the Quarterly Period Ended March31, 2025Table of Contents Part I. Financial Information Forward-looking Statements Certain of the statements contained herein are forward-looking statements made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,”“seeks,” “believes,” “estimates,” “expects,” “projects,” and similar references to future periods. Forward-looking statements are based on management's current expectations and assumptions regarding future economic, competitive,legislative and other developments and their potential effect upon The Hartford Insurance Group, Inc. and its subsidiaries (collectively, the"Company" or "The Hartford"). Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risksand changes in circumstances that are difficult to predict. Actual results could differ materially from expectations depending on theevolution of various factors, including the risks and uncertainties identified below, as well as factors described in such forward-lookingstatements, the Risk Factors of The Hartford's 2024 Form 10-K Annual Report, and our other filings with the Securities and ExchangeCommission. •Risks Relating to Economic, Political and Global Market Conditions: ◦challenges related to the Company’s current operating environment, including global political, economic and market conditions,and the effect of financial market disruptions, economic downturns, changes in trade regulation including tariffs and other barriersor other potentially adverse macroeconomic developments on the demand for our products and returns in our investmentportfolios;◦market risks associated with our business, including changes in credit spreads, equity prices, interest rates, inflation rate, foreigncurrency exchange rates and market volatility;◦the impact on our investment portfolio if our investment portfolio is concentrated in any particular segment of the economy;◦the impacts of changing climate and weather patterns on our businesses, operations and investment portfolio including onclaims, demand and pricing of our products, the availability and cost of reinsurance, our modeling data used to evaluate andmanage risks of catastrophes and severe weather events, the value of our investment portfolios and credit risk with reinsurersand other counterparties; •Insurance Industry and Product-Related Risks: ◦the possibility of unfavorable loss development, including with respect to long-tailed exposures;◦the significant uncertainties that limit our ability to estimate the ultimate reserves necessary for asbestos and environmentalclaims;◦the possibility of a pandemic, civil unrest, earthquake, or other natural or man-made disaster that may adversely affect ourbusinesses;◦weather and other natural physical events, including the intensity and frequency of thunderstorms, tornadoes, hail, wildfires,flooding, winter storms, hurricanes and tropical storms, as well as climate change and its potential impact on weather patterns;◦the possible occurrence of terrorist attacks and the Company’s inability to contain its exposure as a result of, among otherfactors, the inability to exclude coverage for terrorist attacks from workers' compensation policies and limitations on reinsurancecoverage from the federal government under applicable laws;◦the Company’s ability to effectively price its products and policies, including its ability to obtain regulatory consents to pricingactions or to non-renewal or withdrawal of certain product lines;◦actions by competitors that may be larger or have greater financial resources than we do;◦technological changes, including usage-based methods of