The Hartford Insurance Group, Inc. · NYSE:HIG
The Hartford Insurance — Q2 2025 Earnings Presentation
18 slides from The Hartford Insurance's earnings presentation, Jul 29, 2025
Slide 1: Second Quarter 2025 Financial Results
The Hartford Second 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 2Q25 2022 2023 2024 20242
2022 2023 2024 2Q25 2022 2023 2024 20242
Slide 5: Consolidated financial results
Edit Business Insurance $697 $551 26% Personal Insurance 94 (4) NM P&C Other Operations 14 14 —% Property & Casualty Total 805 561 43% Employee Benefits 163 178 (8)% Hartford Funds 46 43 7% Sub-total 1,014 782 30% Corporate (33) (32) (3)% Core earnings 981 750 31% Net realized losses, before tax (10
Slide 6: Segment results summary
Written premiums Combined ratio (%) Underlying combined ratio1 (%) $4.8B 8% 88.6 92.1 5.0 pts 88.0 1.5 pts Business Insurance $3.8B 8% 87.0 2.8 pts. 88.0 0.6 pts. Small Business $1.5B 9% 89.7 1.0 pts. 89.0 2.2 pts. Middle & Large Business $1.2B 5% 86.6 9.3 pts. 89.1 0.5 pts. Global Specialty $1.1B 9
Slide 7: Business Insurance
Business Insurance Strong contributions from each business continue to deliver profitable growth > Written premiums of $3.8 billion in 2Q25 | > Excluding workers’ compensation, > Combined ratio of 87.0 in 2Q25 > Underlying combined ratio! of 88.0 were up 8% from 2Q24 with increases renewal written p
Slide 8: Personal Insurance
Personal Insurance Continued improvement in the underlying combined ratio! > Written premiums of $980 million increased by 7% compared to 2Q24 > Renewal written price increase in automobile of 14.0% in 2925 compared to 15.7% in 1925, and in homeowners, 12.7% in 2025 compared to 12.3% in 1Q25 Persona
Slide 9: Employee Benefits
Employee Benefits Exceptional core earnings margin! of 9.2% > Core earnings margin! of 9.2% remains above our long-term target and reflects excellent group life results, continued favorable long-term disability trends and strong investment performance Core Earnings! and Core Earnings Margin (Sinmill
Slide 10: Hartford Funds
10 Hartford Funds High return, fee generating business > Mutual fund and Exchange-traded funds (ETF) net outflows? of $1.5 billion in 2Q25, compared with net outflows of $1.1 billion in 2Q24 D> Core earnings' of $46 million in 2Q25 compared to $43 million in 2Q24 Total AUM* Ginbilions) $135.5 $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
The Investment Portfolio High quality and diversified > Netinvestment income of $664 million > Annualized investment yield, ex > High quality portfolio, ~95% of the > Ourinvestment portfolio is durable increased from $602 million in 2Q24, LPs! of 4.6% increased 20bps from credit portfolio is investm
Slide 13: Core Earnings ROE of 17.0% in 2Q25
B Core Earnings ROE! of 17.0% in 2Q25 Industry leading Core Earnings ROE Consolidated Core Earnings ROE 16.7% 17.4% 17.0% 15.8% i 14.5% 2022 ©2023-2024 S's 2924 «= 2925 'Denotes financial measure not calculated inGAAP- P&C Core Earnings ROE 18.4% 18.9% 18.8% | 2022 2023 2024 : 2Q24 2Q25 Employee Ben
Slide 14: BVPS (Ex. AOCI) of $68.35 at June 30, 2025
BVPS (Ex. AOCI)! of $68.35 at June 30, 2025 > In 2Q25, the company returned $549 million to stockholders including $400 million in share repurchases and $149 million in common stockholder dividends paid Capital Returned to Stockholders > Book value per diluted share of $60.02 increased from $55.09 a
Slide 15: Appendix
5 Appendix June 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 an ‘ation Impacts of Deferred Gain Amort Cumulatively ceded full limit of $300 mi
Slide 17: Discussion And Reconciliation Of Non-GAAP Financial Measures
7 Discussion And Reconciliation Of Non-GAAP Financial Measures June 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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