Hartford Insurance Group, Inc. (NYSE: HIG-PG)

The Hartford Insurance Group, Inc. is a holding company for a group of subsidiaries that provide property and casualty insurance, employee group benefits insurance and services, and mutual funds and exchange traded funds to individual and business customers in the United States and internationally. The company’s oldest subsidiary Hartford Fire Insurance Company dates back to 1810. As of December 31 2024 total assets were 80.9 billion dollars and total stockholders’ equity was 16.4 billion dollars.

The company generates revenue primarily through insurance premiums collected from property and casualty policies and employee group benefits contracts. It also earns fees from managing mutual funds and exchange traded funds, including investment management and administrative services. Additional income comes from investment returns on its own portfolio and from reinsurance arrangements.

The company operates through the following segments: Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits, and Hartford Funds.

• Business Insurance provides property and casualty coverage to businesses including workers compensation general liability commercial property commercial automobile and specialty lines such as marine professional liability and bonds. It serves small middle market and large national accounts through independent agents brokers and wholesalers as well as direct to consumer channels. The segment also offers assumed reinsurance of various risks worldwide.

• Personal Insurance offers automobile and homeowners insurance to individuals primarily through its exclusive relationship with AARP. It also sells policies to non AARP customers via independent agents and direct to consumer channels. The segment uses its Prevail platform and telematics program to tailor coverage and improve customer experience.

• Property & Casualty Other Operations manages run off business including pre nineteen eighty six asbestos and environmental exposures. The segment does not write new business and focuses on settling existing liabilities.

• Employee Benefits provides group life disability and other group coverages to employer groups associations and affinity groups. It offers services such as leave management disability underwriting and claims processing for self funded employer plans. The segment also earns fees from administering third party plans and provides voluntary products through payroll deduction.

• Hartford Funds manages mutual funds and exchange traded funds offering investment administration and distribution services to retail and institutional investors. As of December 31 2024 assets under management were 139.598 billion dollars. The sub advised model uses two unaffiliated institutional asset management firms for most of its actively managed funds.

The Hartford is recognized as a leading provider of property and casualty insurance and employee group benefits in the United States. It competes with large national insurers regional carriers and direct writers across its business lines. Competitive advantages stem from its underwriting expertise strong brand recognition extensive distribution network and investments in data analytics and digital technology.

The company serves a broad range of customers including small middle market and large businesses as well as individual consumers. Specific partners noted in the filing include AARP for its personal insurance business major national payroll companies for payroll related distribution and Lloyd’s Syndicate for international specialty reinsurance. In addition the company works with independent agents brokers consultants and financial advisers.