Slide 1: The Hartford First Quarter 2025 Financial Results
The Hartford First Quarter 2025 Financial Results
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 1Q25 2022 2023 2024 20242
2022 2023 2024 1Q25 2022 2023 2024 20242
Slide 5: Consolidated results: core earnings and net income
Edit Business Insurance $471 $546 (14)% Personal Insurance 6 33 (82)% P&C Other Operations 13 7 86% Property & Casualty Total 490 586 (16)% Employee Benefits 136 107 27% Hartford Funds 44 41 7% Sub-total 670 734 (9)% Corporate (31) (25) (24)% Core earnings 639 709 (10)% Net realized gains (losses),
Slide 6: Written premiums and combined ratios by segment
Written premiums Combined ratio (%) Underlying combined ratio1 (%) $4.6B 9% 96.9 92.1 4.1 pts 88.8 1.3 pts Business Insurance $3.7B 10% 94.4 4.3 pts. 88.4 0.0 pts. Small Business $1.6B 9% 93.3 4.3 pts. 89.4 0.2 pts. Middle & Large Business $1.1B 9% 99.8 5.8 pts. 90.6 1.4 pts. Global Specialty $1.0B
Slide 7: Business Insurance
Business Insurance Strong contributions from each business continue to deliver profitable growth > Written premiums of $3.7billionin1Q25 | p> were up 10% from 1Q24 with increases across the segment, including double- digit growth in Global Specialty. New business growth was strong across the segment
Slide 8: Personal Insurance
Personal Insurance Continued improvement in the underlying combined ratio! > Written premiums of $913 million increased by 8% compared to 1Q24 Personal Insurance Written Premiums (in millions) $913 $970 $844 $296 $321 1924 2024 -3Q24 4Q24 HE Automobite LB Homeowners 'Denotes financial measure notcal
Slide 9: Employee Benefits
Employee Benefits Excellent results in 1Q25 with a core earnings margin! of 7.6% > Core earnings margin' of 7.6%in 1925 reflects an improved loss ratio, higher net investment income, and fully insured premium growth > Loss ratio of 71.9 in 1925 improved from 73.5 in 1924 reflecting improvementin bot
Slide 10: Hartford Funds
10 Hartford Funds High return, fee generating business > Mutual fund and Exchange-traded funds (ETF) net outflows? of $1.4 billion in 1Q25, compared with net outflows of $2.5 billion in 1Q24 D> Core earnings! of $44 million in 1Q25 compared to $41 million in 1Q24 Total AUM* inbillions) $356 06 gins
Slide 11: Corporate
CORPORATE Core loss1 of $39 million compared to a core loss of $36 million in 4Q23
Slide 12: The Investment Portfolio
The Investment Portfolio High quality and diversified > Netinvestment income of $656 million increased from $593 million in 1Q24, benefiting primarily from the impact of a before tax higher level of invested assets and reinvesting at higher rates Net Investment Income inmillions) $79. $586 $622 $635
Slide 13: Core Earnings ROE of 16.2% in 1Q25
B Core Earnings ROE! of 16.2% in 1Q25 Industry leading Core Earnings ROE Consolidated Core Earnings ROE say 7%, 16.6% 16.2% 14.5% 2022 2023« 2024 | 1024-1925 'Denotes financial measure not calculated inGAAP- 16.6% 2022 17.3% 2023 P&C Core Earnings ROE 18.4% 18.1% 2024 1Q24 17.3% 1Q25 Employee Benefi
Slide 14: BVPS (Ex. AOCI) of $65.99 at March 31, 2025
BVPS (Ex. AOCI)! of $65.99 at March 31, 2025 > In 1Q25, the company returned $550 million to stockholders including $400 million in share repurchases and $150. million in common stockholder dividends paid Capital Returned to Stockholders (Bin billions) 1 2.1 Wl : 7 2022 2023 2024 BE share Repurchase
Slide 15: Appendix
5 Appendix March 31, 2025
Slide 16: Impact Of Deferred Gain Amortization
Impact Of Deferred Gain Amortization Navigators and Asbestos & Environmental Adverse Development Covers Advers: velopment Covers ancial Impacts of Deferred Gain Amortization + Cumulatively ceded full limit of $300 million, before tax. + Increases Net income and Earnings per common share (EPS) + $64
Slide 17: Discussion And Reconciliation Of Non-GAAP Financial Measures
7 Discussion And Reconciliation Of Non-GAAP Financial Measures March 31, 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