The Hartford Insurance Group, Inc. · NYSE:HIG

The Hartford Insurance — Hartford Financial Services Group — Proxy Contest (April 2023)

12 slides from The Hartford Insurance's proxy contest presentation, Apr 28, 2023

1. Slide 1: Spring 2023 Shareholder Engagement

   Spring 2023 Shareholder Engagement PRIVILEGED AND CONFIDENTIAL © 2023 by The Hartford. Classification: Company Confidential. No part of this document may be reproduced, published, or used without the permission of The Hartford.

2. Slide 2: Safe Harbor Statement

   Safe Harbor Statement Some of the statements in this presentation, including those related to our goal of achieving net zero greenhouse gas emissions (“GHGe”) for the full range of our operations by 2050, may be considered forward-looking statements as defined in the Private Securities Litigation Re

3. Slide 3: Board recommends vote AGAINST the Green Century shareholder proposal

   The Board of Directors unanimously recommends that shareholders vote AGAINST the Green Century shareholder proposal The Green Century proposal requests that the Board of Directors adopt and disclose a policy for the time bound phase out of The Hartford’s underwriting risks associated with new fossil

4. Slide 4: The Hartford has already established a strategy to address climate change

   The Hartford has already established a strategy to address climate change and has been transparent about its progress. The Hartford’s Net Zero Journey  In April 2022, The Hartford announced a 2050 net zero emissions goal across its business and operations – one of only two U.S. P&C insurers to do 

5. Slide 5: The vast majority of shareholders demonstrably support The Hartford's energy transition approach

   The vast majority of shareholders demonstrably support The Hartford’s energy transition approach.  This is the second consecutive proposal from Green Century, both targeting underwriting associated Following last year’s proposal, we engaged with many of our largest with/in support of new fossil fue

6. Slide 6: The SEC has also rejected Green Century's approach as micromanagement

   The U.S. Securities and Exchange Commission has also rejected Green Century’s approach as micromanagement. “The Proposal requests the board adopt and disclose a  Green Century submitted an identical policy for the timebound phase out of the Company’s proposal at an insurance company underwriting ri

7. Slide 7: The Hartford's proxy statement includes additional factors to consider

   The Hartford’s proxy statement includes additional factors you should consider as you vote on the Green Century proposal.  Proscriptive approaches to address climate change fail to account for the complexities of the U.S. insurance system or the role the fossil fuel industry must play in energy tra

8. Slide 8: Key Takeaways

   Key Takeaways  As a 213-year old insurer and asset manager, we view the transition to a greener society as a business imperative and are committed to progress.  We will continue to forge an intentional and ambitious path towards our long-term strategic objectives, including net zero, while retaini

9. Slide 9: Appendix

   Appendix PRIVILEGED AND CONFIDENTIAL 9 © 2023 by The Hartford. No part of this document may be reproduced, published or used without the permission of The Hartford. © 2023 by The Hartford. Classification: Company Confidential. No part of this document may be reproduced, published, or used without th

10. Slide 10: Shareholder Proposal: Time Bound Phase Out of Fossil Fuel Underwriting Risks

    SHAREHOLDER PROPOSAL ITEM 4 SHAREHOLDER PROPOSAL THAT THE COMPANY ADOPT AND DISCLOSE A POLICY FOR THE TIME BOUND PHASE OUT OF UNDERWRITING RISKS ASSOCIATED WITH NEW FOSSIL FUEL EXPLORATION AND DEVELOPMENT PROJECTS We have received notice of the intention of shareholder Green Century Capital Manageme

11. Slide 11: Board Recommends Vote AGAINST This Proposal

    SHAREHOLDER PROPOSAL × The Board of Directors recommends that shareholders vote "AGAINST" this Proposal for the following reasons: • The Hartford has established itself as a U.S. insurance industry leader in its commitment to address climate change through a proactive, balanced and pragmatic approac

12. Slide 12: Shareholder Proposal Opposition Statement (continued)

    SHAREHOLDER PROPOSAL company’s participation in this journey is critical. Inability to secure insurance from public insurers will result in energy companies seeking insurance in private or overseas markets, where there may be less accountability to stakeholders. The implication of the Proposal is th

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