The Hartford Insurance Group, Inc. · NYSE:HIG
The Hartford Insurance — Q4 2025 Earnings Presentation
22 slides from The Hartford Insurance's earnings presentation, Jan 30, 2026
Slide 1: Fourth Quarter and Full Year 2025 Financial Results
Fourth Quarter and Full Year 2025 Financial Results The Hartford Insurance Group, Inc. January 29, 2026
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-
Slide 3: The Hartford: Diversified Insurer With Core Underwriting Strengths And Market Leadership
The Hartford Diversified Insurer With Core Underwriting Strengths And Market Leadership Personal Hartford Funds Insurance 4% Other ► Market leader in desirable segments with high return characteristics 14% 1% ► Delivering consistently strong results across diversified businesses with significant con
Slide 4: 2025 – Another Year of Disciplined Execution
2025 – Another Year of Disciplined Execution The Hartford delivered a 19.4 % core earnings ROE 1,3in 2025 Book Value Per Diluted Share Growth: (ex AOCI) 1,2 ► P&C net written premium growth of 5%, including 7% in Business Insurance in 4Q25 • Full year 2025 P&C net written premium growth of 7%, inclu
Slide 5: Core Earnings of $1.1 Billion in 4Q25, EPS of $4.06
Core Earnings 1 of $1.1 Edit B i llion in 4Q25, EPS 1,2of $4.06 Core Earnings (loss) By Segment ($ in millions, except per share amounts) 4Q25 4Q24 Change 3 Business Insurance $915 $665 38% Personal Insurance 214 155 38% P&C Other Operations (140) (106) (32)% Property & Casualty Total 989 714 39% Em
Slide 6: Core Earnings of $3.8 Billion in 2025, EPS of $13.42
Core Earnings 1of $3.8 Edit Billion in 2025, EPS 1,2of $13.42 Core Earnings (loss) By Segment ($ in millions, except per share amounts) FY 2025 FY 2024 Change 3 Business Insurance $2,806 $2,296 22% Personal Insurance 457 217 111% P&C Other Operations (99) (75) (32)% Property & Casualty Total 3,164 2
Slide 7: 4Q25 Key Business Highlights vs. 4Q24
4Q25 Key Business Highlights vs. 4Q24 Property & Casualty Strong contributions from Business Insurance & continued underlying improvement in Personal Insurance Written premiums Combined ratio (%) Underlying combined ratio1 (%) $4.2B 5% 87.1 92.1 5.0 pts 87.4 0.4 pts Business Insurance $3.4B 7% 83.6
Slide 8: 2025 Key Business Highlights vs. 2024
2025 Key Business Highlights vs. 2024 Property & Casualty Strong contributions from Business Insurance & continued underlying improvement in Personal Insurance Written premiums Combined ratio (%) Underlying combined ratio1 (%) $18.2B 7% 90.3 92.1 2.9 pts 88.4 0.8 pts Business Insurance $14.5B 8% 88.
Slide 9: Business Insurance
Business Insurance Strong contributions from each business continue to deliver profitable growth Written premiums of $3.4 billion in Excluding workers’ compensation, Combined ratio of 83.6 improved Underlying combined ratio 1of 88.1 4Q25 were up 7% from 4Q24 with renewal written price increases of f
Slide 10: Personal Insurance
Personal Insurance Continued improvement in the underlying combined ratio 1 Written premiums of $850 million Renewal written price increase in Combined ratio of 79.6 improved Underlying combined ratio 1of 84.3 compared to $871 million in 4Q24 automobile of 10.4% in 4Q25 from 85.8 in 4Q24, primarily
Slide 11: Employee Benefits
Employee Benefits Excellent core earnings margin 1 of 7.6% Core earnings margin 1of 7.6% Loss ratio of 71.3 in 4Q25 reflects Group life loss ratio of 76.9 4Q25 fully insured ongoing remains above our long -term target less favorable disability results and improved 3.0 points largely due to premiums
Slide 12: Hartford Funds
Hartford Funds High return, fee generating business Core earnings 1of $58 million in 4Q25 Mutual fund and Exchange -traded 40% of overall funds are 38% of funds are rated 4 or 5 stars compared to $51 million in 4Q24 funds (ETF) net outflows 2 of $0.7 outperforming peers on a 1-year by Morningstar as
Slide 13: Corporate
CORPORATE Corporate Core loss1 of $39 million compared to a core loss of $36 million in 4Q23 Core loss 1 of $37 million compared to a core loss of $39 million in 4Q24 Components of Corporate Core Losses Corporate Holding Company Resources ($ in billions) ($ in millions) 4 Q2 4 1Q2 5 2Q2 5 3Q2 5 4 Q2
Slide 14: The Investment Portfolio
The Investment Portfolio High quality and diversified Net investment income of $832 million Annualized investment yield, ex High quality portfolio, ~95% of the Our investment portfolio is increased from $714 million in 4Q24, LPs, of 4.6% is flat from 3Q25 credit portfolio is investment durable and i
Slide 15: Core Earnings ROE of 19.4% in 2025
Core Earnings ROE 1of 19.4%in 2025 Industry leading Core Earnings ROE Consolidated Core Earnings ROE P&C Core Earnings ROE Employee Benefits Core Earnings ROE 1 15 Denotes financial measure not calculated in GAAP
Slide 16: BVPS (Ex. AOCI) of $73.62 at December 31, 2025
BVPS (Ex. AOCI) 1of $73.62 at December 31, 2025 In 4Q25, the company returned $546 Book value per diluted share of $66.31 Book value per diluted share (ex. AOCI) 1 Including common stockholder million to stockholders including $400 increased from $55.09 at December 31, of $73.62 increased from $64.
Slide 17: Appendix
Appendix December 31, 2025 17
Slide 18: The Hartford's Expected 2026 Holding Company Resources
The Hartford’s Expected 2026 Holding Company Resources Expected sources of holding company resources in FY26 include: ► Net P&C dividends of approximately $2.2 billion ► Employee Benefits dividends of approximately $580 million ► Hartford Funds dividends of approximately $170million Expected uses of
Slide 19: Impact Of Deferred Gain Amortization
Impact Of Deferred Gain Amortization Navigators and Asbestos & Environmental Adverse Development Covers Adverse Development Covers Financial Impacts of Deferred Gain Amortization + Increases Net income and Earnings per common share (EPS) • Cumulatively ceded full limit of $300 million, before tax. +
Slide 20: 2026 Property Catastrophe Treaties
2026 Property Catastrophe Treaties Primary Catastrophe Treaty Reinsurance Coverages as of January 1, 2026 1 Portion of losses reinsured Changes from 2025 program Per Occurrence Property Catastrophe Treaty from 1/1/202 6 to 12/31/202 6 [1] [2] Losses of $0 to $ 200 None No change Losses of $200 to $3
Slide 21: Discussion And Reconciliation Of Non-GAAP Financial Measures
Discussion And Reconciliation Of Non -GAAP Financial Measures December 31, 2025 21
Slide 22: Discussion And Reconciliation Of Non-GAAP Financial Measures
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 per formance for the periods presented herein. Because The Hartford's calculation of these measures may differ fr
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