The Hartford Insurance Group, Inc. · NYSE:HIG
The Hartford Insurance — Q3 2025 Earnings Presentation
18 slides from The Hartford Insurance's earnings presentation, Oct 28, 2025
Slide 1: Third Quarter 2025 Financial Results
The Hartford Third Quarter 2025 Financial Results October 27,2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements made in this presentation should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about The Hartford's future results of operations. We caution investors that these forward-l
Slide 3: Diversified Insurer With Core Underwriting Strengths And Market Leadership
The Hartford Diversified Insurer With Core Underwriting Strengths And Market Leadership » Market leader in desirable segments with high return characteristics » Delivering consistently strong results across diversified businesses with significant contribution from investment portfolio » Leveraging c
Slide 4: 2022 2023 2024 3Q25 2022 2023 2024 20242
2022 2023 2024 3Q25 2022 2023 2024 20242
Slide 5: Third quarter 2025 results by segment
Edit Business Insurance $723 $534 35% Personal Insurance 143 33 NM P&C Other Operations 14 10 40% Property & Casualty Total 880 577 53% Employee Benefits 149 154 (3)% Hartford Funds 53 47 13% Sub-total 1,082 778 39% Corporate (5) (26) 81% Core earnings 1,077 752 43% Net realized losses, before tax (
Slide 6: Written premiums and combined ratios by segment
Written premiums Combined ratio (%) Underlying combined ratio1 (%) $4.6B 7% 88.8 92.1 5.7 pts 89.6 0.1 pts Business Insurance $3.6B 9% 88.8 3.4 pts. 89.4 0.8 pts. Small Business $1.5B 11% 87.9 3.7 pts. 89.8 0.5 pts. Middle & Large Business $1.2B 10% 90.8 6.2 pts. 91.4 1.2 pts. Global Specialty $836M
Slide 7: Business Insurance
Business Insurance Strong contributions from each business continue to deliver profitable growth > Written premiums of $3.6 billion in » Excluding workers’ compensation, > Combined ratio of 88.8 in 3Q25 > Underlying combined ratio! of 89.4 3Q25 were up 9% from 3Q24 with renewal written price increas
Slide 8: Personal Insurance
Personal Insurance Continued improvement in the underlying combined ratio! > Written premiums of $987 million increased by 2% compared to 3Q24 > Renewal written price increase in automobile of 11.3% in 3Q25 compared to 13.9% in 2Q25, and in homeowners, | 12.6% in 3Q25 consistent with 12.6% in 2Q25 P
Slide 9: Employee Benefits
Employee Benefits Outstanding core earnings margin! of 8.3% D> Core earnings margin! of 8.3% remains | > Lossratio of 70.lis relatively consistent with 3024 reflecting improvementin group life results offset by less favorable group disability results above our long-term target and reflects excellent
Slide 10: Hartford Funds
10 Hartford Funds High return, fee generating business > Core earnings! of $53 million in 3Q25 D> Mutual fund and Exchange-traded compared to $47 million in 3Q24 funds (ETF) net outflows? of $25 million in 3Q25, compared with net outflows of $425 million in 3024 Total AUM* Ginbillions) $152.3 $142.4
Slide 11: Corporate
CORPORATE Core loss1 of $39 million compared to a core loss of $36 million in 4Q23
Slide 12: The Investment Portfolio
2 The Investment Portfolio High quality and diversified > Netinvestment income of $759 million increased from $659 million in 3Q24, benefiting from higher income from LPs!2, increased asset levels, and reinvesting at higher rates > Annualized investment yield, ex LPs, of 4.6% is flat from 2Q25 > LPa
Slide 13: Core Earnings ROE of 18.4% in 3Q25
B Core Earnings ROE! of 18.4% in 3Q25 Industry leading Core Earnings ROE Consolidated Core Earnings ROE : ram BA% 158% 17% 16.6% ; l [| | 2022 ©2023-2024 3924 -3Q25 2022 'Denotes financial measure not calculated inGAAP- 17.3% 2023 P&C Core Earnings ROE 18.4% 2024 19.0% 3Q24 20.7% 3Q25 Employee Benef
Slide 14: BVPS (Ex. AOCI) of $70.92 at September 30, 2025
4 BVPS (Ex. AOCI)! of $70.92 at September 30, 2025 > Book value per diluted share of $63.86 increased from $55.09 at December 3), 2024, principally due to net incomein excess of stockholder dividends > |n3Q25, the company returned $547 million to stockholders including $400 million in share repurcha
Slide 15: Appendix
5 Appendix September 30, 2025
Slide 16: Impact Of Deferred Gain Amortization
16 Impact Of Deferred Gain Amortization Navigators and Asbestos & Environmental Adverse Development Covers Advers: velopment Covers Navigators ADC (NAV ADC) Asbestos & Environmental ADC (A&E ADC) Combined Deferred Gain Cumulatively ceded full limit of $300 million, before tax. $64 million, before ta
Slide 17: Discussion And Reconciliation Of Non-GAAP Financial Measures
7 Discussion And Reconciliation Of Non-GAAP Financial Measures September 30, 2025
Slide 18: Discussion And Reconciliation Of Non-GAAP Financial Measures
18 Discussion And Reconciliation Of Non-GAAP Financial Measures The Hartford uses non-GAAP financial measures in this presentation to assist investors in analyzing The Hartford's operating performance for the periods presented herein. Because The Hartford's calculation of these measures may differ f
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