The Hartford Financial Services Group, Inc. (HIG) 8-K The Hartford Announces Outstanding Second Quarter 2024 Financial Performance

INVESTOR FINANCIAL SUPPLEMENT

June 30, 2024

Measures used in these financial statements and exhibits that are not based on generally accepted accounting principles ("non-GAAP") are denoted with an asterisk (*) the first time they appear in this document. These measures are defined within theDiscussion of Non-GAAP and Other Financial Measures section and are reconciled to the most directly comparable generally accepted accounting principles ("GAAP") measure herein.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

	As of July 24, 2024
Address:
One Hartford Plaza		A.M. Best	Standard & Poor’s	Moody’s
Hartford, CT 06155	Insurance Financial Strength Ratings:
	Hartford Fire Insurance Company	A+	A+	A1
	Hartford Life and Accident Insurance Company	A+	A+	A1
	Navigators Insurance Company	A+	A+	NR
	- Hartford Fire Insurance Company ratings are on positive outlook at Standard and Poor's and Moody's and on stable outlook at A.M. Best
	- Hartford Life and Accident Insurance Company ratings are on positive outlook at Standard and Poor's and on stable outlook at A.M. Best and Moody’s
Internet address:	- Navigators Insurance Company ratings are on positive outlook at Standard and Poor's and on stable outlook at A.M. Best
http://www.thehartford.com	NR - Not Rated
	Other Ratings:
Contact:	Senior debt	a-	BBB+	Baa1
Susan Spivak Bernstein	Junior subordinated debentures	bbb	BBB-	Baa2
Senior Vice President	Preferred stock	bbb	BBB-	Baa3
Investor Relations
Phone (860) 547-6233	- The Hartford Financial Services Group, Inc. senior debt, junior subordinated debentures, and preferred stock are on positive outlook at A.M. Best, Standard and Poor’s and Moody’s
	TRANSFER AGENT
	Stockholder correspondence should be mailed to:	Overnight correspondence should be mailed to:
	Computershare	Computershare
	P.O. Box 505000	462 South 4th Street, Suite 1600
	Louisville, KY 40233	Louisville, KY 40202

Common stock and preferred stock of The Hartford Financial Services Group, Inc. are traded on the New York Stock Exchange under the symbols “HIG” and "HIG PR G", respectively. This report is for information purposes only. It should be read in conjunction with documents filed by The Hartford Financial Services Group, Inc. with the U.S. Securities and Exchange Commission, including, without limitation, the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTOR FINANCIAL SUPPLEMENT

TABLE OF CONTENTS

CONSOLIDATED	Consolidated Financial Results	1
	Consolidated Statements of Operations	2
	Operating Results by Segment	3
	Consolidating Balance Sheets	4
	Capital Structure	5
	Statutory Capital to GAAP Stockholders’ Equity Reconciliation	6
	Accumulated Other Comprehensive Income (Loss)	7
PROPERTY & CASUALTY	Property & Casualty Income Statements	8
	Property & Casualty Income Statements (Continued)	9
	Property & Casualty Underwriting Ratios	10
	Commercial Lines Income Statements	11
	Commercial Lines Income Statements (Continued)	12
	Commercial Lines Underwriting Ratios	13
	Commercial Lines Supplemental Data	14
	Personal Lines Income Statements	15
	Personal Lines Income Statements (Continued)	16
	Personal Lines Underwriting Ratios	17
	Personal Lines Supplemental Data	18
	Personal Lines Supplemental Data (Continued)	19
	P&C Other Operations Income Statements	20
GROUP BENEFITS	Income Statements	21
	Supplemental Data	22
HARTFORD FUNDS	Income Statements	23
	Asset Value Rollforward - Assets Under Management By Asset Class	24
CORPORATE	Income Statements	25
INVESTMENTS	Investment Income Before Tax - Consolidated	26
	Investment Income Before Tax - Property & Casualty	27
	Investment Income Before Tax - Group Benefits	28
	Net Investment Income	29
	Components of Net Realized Gains (Losses)	30
	Composition of Invested Assets	31
	Invested Asset Exposures	32
APPENDIX	Basis of Presentation and Definitions	33
	Discussion of Non-GAAP and Other Financial Measures	34

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED FINANCIAL RESULTS

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024		Jun 30 2023
HIGHLIGHTS
Net income	$	738		$	753		$	771		$	651		$	547		$	535			$	1,491	$	1,082
Net income available to common stockholders [1]	$	733		$	748		$	766		$	645		$	542		$	530			$	1,481	$	1,072
Core earnings*	$	750		$	709		$	935		$	708		$	588		$	536			$	1,459	$	1,124
Total revenues	$	6,486		$	6,419		$	6,400		$	6,168		$	6,049		$	5,910			$	12,905	$	11,959
Total assets	$	79,046		$	77,710		$	76,780		$	74,516		$	73,895		$	74,249
PER SHARE AND SHARES DATA
Basic earnings per common share
Net income available to common stockholders	$	2.48		$	2.51		$	2.55		$	2.12		$	1.75		$	1.69			$	4.99	$	3.44
Core earnings*	$	2.54		$	2.38		$	3.11		$	2.32		$	1.90		$	1.71			$	4.92	$	3.61
Diluted earnings per common share
Net income available to common stockholders	$	2.44		$	2.47		$	2.51		$	2.09		$	1.73		$	1.66			$	4.92	$	3.39
Core earnings*	$	2.50		$	2.34		$	3.06		$	2.29		$	1.88		$	1.68			$	4.84	$	3.56
Weighted average common shares outstanding (basic)	295.5			298.1			300.3			304.6			309.4			314.0				296.8		311.7
Dilutive effect of stock compensation	4.4			4.5			4.8			4.4			3.9			4.6				4.5		4.3
Weighted average common shares outstanding and dilutive potential common shares (diluted)	299.9			302.6			305.1			309.0			313.3			318.6				301.3		316.0
Common shares outstanding	294.0			296.8			298.5			302.4			307.1			311.8
Book value per common share	$	52.20		$	50.99		$	50.23		$	44.13		$	45.00		$	44.92
Per common share impact of accumulated other comprehensive income [2]	10.43			10.10			9.54			13.82			11.47			10.44
Book value per common share (excluding AOCI)*	$	62.63		$	61.09		$	59.77		$	57.95		$	56.47		$	55.36
Book value per diluted share	$	51.43		$	50.23		$	49.43		$	43.50		$	44.43		$	44.27
Per diluted share impact of AOCI	10.28			9.95			9.40			13.62			11.33			10.28
Book value per diluted share (excluding AOCI)*	$	61.71		$	60.18		$	58.83		$	57.12		$	55.76		$	54.55
Common shares outstanding and dilutive potential common shares	298.4			301.3			303.3			306.8			311.0			316.4
RETURN ON COMMON STOCKHOLDER'S EQUITY ("ROE") [3]
Net income available to common stockholders' ROE ("Net income ROE")	19.8		%	18.5		%	17.5		%	17.7		%	14.4		%	12.8		%
Core earnings ROE*	17.4		%	16.6		%	15.8		%	14.9		%	13.6		%	14.3		%

[1]Net income available to common stockholders includes the impact of preferred stock dividends.

[2]Accumulated other comprehensive income ("AOCI") represents net of tax unrealized gain (loss) on fixed maturities, net gain (loss) on cash flow hedging instruments, foreign currency translation adjustments, liability for future policy benefits adjustments, and pension and other postretirement benefit plan adjustments.

[3]For reconciliation of Net income ROE to Core earnings ROE, see Appendix beginning on page 33.

1

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Earned premiums	$	5,578	$	5,446	$	5,433	$	5,310	$	5,220	$	5,063		$	11,024	$	10,283
Fee income	339		333		323		330		328		319			672		647
Net investment income	602		593		653		597		540		515			1,195		1,055
Net realized gains (losses)	(59)		28		(27)		(90)		(64)		(7)			(31)		(71)
Other revenues	26		19		18		21		25		20			45		45
Total revenues	6,486		6,419		6,400		6,168		6,049		5,910			12,905		11,959
Benefits, losses and loss adjustment expenses	3,661		3,611		3,633		3,543		3,580		3,482			7,272		7,062
Amortization of deferred policy acquisition costs ("DAC")	561		545		534		517		502		491			1,106		993
Insurance operating costs and other expenses	1,285		1,283		1,214		1,226		1,225		1,216			2,568		2,441
Interest expense	50		50		49		50		50		50			100		100
Amortization of other intangible assets	17		18		18		18		17		18			35		35
Restructuring and other costs [1]	—		1		2		1		3		—			1		3
Total benefits, losses and expenses	5,574		5,508		5,450		5,355		5,377		5,257			11,082		10,634
Income before income taxes	912		911		950		813		672		653			1,823		1,325
Income tax expense	174		158		179		162		125		118			332		243
Net income	738		753		771		651		547		535			1,491		1,082
Preferred stock dividends	5		5		5		6		5		5			10		10
Net income available to common stockholders	733		748		766		645		542		530			1,481		1,072
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	58		(30)		16		76		53		7			28		60
Restructuring and other costs, before tax [1]	—		1		2		1		3		—			1		3
Integration and other non-recurring M&A costs, before tax [2]	2		2		2		2		2		2			4		4
Change in deferred gain on retroactive reinsurance, before tax [3]	(37)		(24)		194		—		—		—			(61)		—
Income tax expense (benefit) [4]	(6)		12		(45)		(16)		(12)		(3)			6		(15)
Core earnings	$	750	$	709	$	935	$	708	$	588	$	536		$	1,459	$	1,124

[1]Represents restructuring costs related to the Company's Hartford Next operational transformation and cost reduction plan.

[2]Includes integration costs in connection with the 2019 acquisition of Navigators Group and 2017 acquisition of Aetna's group life and disability business.

[3]During 2024, the Company collected recoveries from National Indemnity Company ("NICO”), a subsidiary of Berkshire Hathaway Inc. related to the Navigators adverse development cover ("Navigators ADC") and as a result amortized $37, and $61 of the deferred gain within benefits, losses and loss adjustment expenses in the three and six month periods ended June 30, 2024, respectively. As of June 30, 2024 and December 31, 2023, the deferred gain under retroactive reinsurance accounting on the Navigators ADC was $148 and $209, respectively, and is included in other liabilities on the Consolidating Balance Sheets.

[4]Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

2

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

OPERATING RESULTS BY SEGMENT

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net income (loss):
Commercial Lines	$	540	$	573	$	687	$	519	$	458	$	421		$	1,113	$	879
Personal Lines	(11)		34		34		(12)		(60)		(1)			23		(61)
Property & Casualty Other Operations ("P&C Other Operations")	11		8		(154)		9		9		6			19		15
Property & Casualty ("P&C")	540		615		567		516		407		426			1,155		833
Group Benefits	171		108		176		146		121		92			279		213
Hartford Funds	44		45		47		41		45		41			89		86
Sub-total	755		768		790		703		573		559			1,523		1,132
Corporate	(17)		(15)		(19)		(52)		(26)		(24)			(32)		(50)
Net income	738		753		771		651		547		535			1,491		1,082
Preferred stock dividends	5		5		5		6		5		5			10		10
Net income available to common stockholders	$	733	$	748	$	766	$	645	$	542	$	530		$	1,481	$	1,072
Core earnings (loss):
Commercial Lines	$	551	$	546	$	723	$	542	$	493	$	436		$	1,097	$	929
Personal Lines	(4)		33		36		(8)		(57)		—			29		(57)
P&C Other Operations	14		7		(1)		11		10		8			21		18
P&C	561		586		758		545		446		444			1,147		890
Group Benefits	178		107		174		170		133		90			285		223
Hartford Funds	43		41		39		45		44		37			84		81
Sub-total	782		734		971		760		623		571			1,516		1,194
Corporate	(32)		(25)		(36)		(52)		(35)		(35)			(57)		(70)
Core earnings	$	750	$	709	$	935	$	708	$	588	$	536		$	1,459	$	1,124

3

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CONSOLIDATING BALANCE SHEETS

	PROPERTY & CASUALTY				GROUP BENEFITS				HARTFORD FUNDS				CORPORATE [1]				CONSOLIDATED
	Jun 30 2024		Dec 31 2023		Jun 30 2024		Dec 31 2023		Jun 30 2024		Dec 31 2023		Jun 30 2024		Dec 31 2023		Jun 30 2024		Dec 31 2023
Investments
Fixed maturities, available-for-sale ("AFS"), at fair value	$	32,716	$	31,408	$	7,914	$	8,222	$	—	$	—	$	184	$	188	$	40,814	$	39,818
Fixed maturities, at fair value using the fair value option	227		272		45		55		—		—		—		—		272		327
Equity securities, at fair value	243		456		49		99		82		121		217		188		591		864
Mortgage loans, net	4,714		4,493		1,643		1,594		—		—		—		—		6,357		6,087
Limited partnerships and other alternative investments	3,864		3,770		1,041		1,015		—		—		—		—		4,905		4,785
Other investments	164		162		6		8		80		21		—		—		250		191
Short-term investments	1,962		2,127		221		382		261		243		1,257		1,098		3,701		3,850
Total investments	43,890		42,688		10,919		11,375		423		385		1,658		1,474		56,890		55,922
Cash	120		106		26		12		8		7		—		1		154		126
Restricted cash	51		52		5		11		—		—		—		—		56		63
Accrued investment income	336		313		90		89		1		1		2		1		429		404
Premiums receivable and agents’ balances, net	5,686		4,973		649		634		—		—		—		—		6,335		5,607
Reinsurance recoverables, net [2]	6,552		6,602		273		260		—		—		234		242		7,059		7,104
Deferred policy acquisition costs ("DAC")	1,210		1,078		35		35		—		—		—		—		1,245		1,113
Deferred income taxes	738		681		44		13		2		4		450		475		1,234		1,173
Goodwill	778		778		723		723		181		181		229		229		1,911		1,911
Property and equipment, net	766		784		60		57		7		8		45		47		878		896
Other intangible assets	325		340		337		357		10		10		—		—		672		707
Other assets	1,533		1,130		160		131		93		88		397		405		2,183		1,754
Total assets	$	61,985	$	59,525	$	13,321	$	13,697	$	725	$	684	$	3,015	$	2,874	$	79,046	$	76,780
Unpaid losses and loss adjustment expenses	$	35,137	$	34,044	$	8,186	$	8,274	$	—	$	—	$	—	$	—	$	43,323	$	42,318
Reserves for future policy benefits [2]	—		—		296		312		—		—		168		172		464		484
Other policyholder funds and benefits payable [2]	—		—		404		408		—		—		218		230		622		638
Unearned premiums	9,486		8,561		35		38		—		—		—		—		9,521		8,599
Debt	—		—		—		—		—		—		4,364		4,362		4,364		4,362
Other liabilities	2,794		2,754		221		220		164		150		1,893		1,928		5,072		5,052
Total liabilities	47,417		45,359		9,142		9,252		164		150		6,643		6,692		63,366		61,453
Common stockholders' equity, excluding AOCI*	15,876		15,322		4,570		4,752		561		534		(2,593)		(2,766)		18,414		17,842
Preferred stock	—		—		—		—		—		—		334		334		334		334
AOCI, net of tax	(1,308)		(1,156)		(391)		(307)		—		—		(1,369)		(1,386)		(3,068)		(2,849)
Total stockholders' equity	14,568		14,166		4,179		4,445		561		534		(3,628)		(3,818)		15,680		15,327
Total liabilities and stockholders' equity	$	61,985	$	59,525	$	13,321	$	13,697	$	725	$	684	$	3,015	$	2,874	$	79,046	$	76,780

[1]Corporate includes fixed maturities, short-term investments, investment sales receivable and cash of approximately $1.3 billion and $1.1 billion as of June 30, 2024 and December 31, 2023, respectively, held by the holding company of The Hartford Financial Services Group, Inc. Corporate also includes investments held by Hartford Life and Accident Insurance Company ("HLA") that support reserves for run-off structured settlement and terminal funding agreement liabilities.

[2]Corporate includes retained reserves and reinsurance recoverables for the run-off life and annuity business sold in May 2018.

4

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CAPITAL STRUCTURE

	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023
DEBT
Senior notes	$	3,865		$	3,864		$	3,863		$	3,862		$	3,861		$	3,859
Junior subordinated debentures	499			499			499			499			499			499
Total debt	$	4,364		$	4,363		$	4,362		$	4,361		$	4,360		$	4,358
STOCKHOLDERS’ EQUITY
Total stockholders’ equity	$	15,680		$	15,468		$	15,327		$	13,679		$	14,152		$	14,340
Less: Preferred stock	334			334			334			334			334			334
Less: AOCI	(3,068)			(2,997)			(2,849)			(4,178)			(3,524)			(3,254)
Common stockholders' equity, excluding AOCI	$	18,414		$	18,131		$	17,842		$	17,523		$	17,342		$	17,260
CAPITALIZATION
Total capitalization, including AOCI, net of tax	$	20,044		$	19,831		$	19,689		$	18,040		$	18,512		$	18,698
Total capitalization, excluding AOCI, net of tax*	$	23,112		$	22,828		$	22,538		$	22,218		$	22,036		$	21,952
DEBT TO CAPITALIZATION RATIOS
Total debt to capitalization, including AOCI	21.8		%	22.0		%	22.2		%	24.2		%	23.6		%	23.3		%
Total debt to capitalization, excluding AOCI*	18.9		%	19.1		%	19.4		%	19.6		%	19.8		%	19.9		%
Total debt and preferred stock to capitalization, including AOCI	23.4		%	23.7		%	23.9		%	26.0		%	25.4		%	25.1		%
Total debt and preferred stock to capitalization, excluding AOCI*	20.3		%	20.6		%	20.8		%	21.1		%	21.3		%	21.4		%
Total rating agency adjusted debt to capitalization [1] [2]	22.7		%	22.9		%	23.7		%	25.7		%	25.0		%	24.7		%
FIXED CHARGE COVERAGE RATIOS
Total earnings to total fixed charges [3]	17.1:1			17.1:1			14.6:1			13.6:1			12.8:1			12.6:1

[1]The leverage calculation reflects adjustments, as applicable, related to defined benefit plans' unfunded pension liability, lease liabilities and uncollateralized letters of credit for Lloyd's of London for a total adjustment of $0.3 billion as of June 30, 2024 and 2023.

[2]2024 results reflect 50% equity credit for the Company's outstanding junior subordinated debentures and the Company’s outstanding preferred stock based on the rating agency methodology. 2023 results reflect 25% equity credit for the Company's outstanding junior subordinated debentures and 50% equity credit for the Company’s outstanding preferred stock based on the rating agency methodology in place as of December 31, 2023.

[3]Calculated as year to date total earnings divided by year to date total fixed charges. Total earnings represent income before income taxes and total fixed charges (excluding the impact of preferred stock dividends), less undistributed earnings from limited partnerships and other alternative investments. Total fixed charges include interest expense, preferred stock dividends, interest factor attributable to rent expense, capitalized interest and amortization of debt issuance costs.

5

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

STATUTORY CAPITAL TO GAAP STOCKHOLDERS’ EQUITY RECONCILIATION

JUNE 30, 2024

	P&C		GROUP BENEFITS
U.S. statutory net income [1][2]	$	930	$	330
U.S. statutory capital [2][3][4]	$	12,874	$	2,593
U.S. GAAP adjustments [2]:
DAC	1,164		35
Non-admitted deferred tax assets [5]	250		156
Deferred taxes [6]	(207)		(274)
Goodwill	108		723
Other intangible assets	23		337
Non-admitted assets other than deferred taxes	924		98
Asset valuation and interest maintenance reserve	—		288
Benefit reserves	(65)		333
Unrealized gains (losses) on investments	(1,613)		(666)
Deferred gain on retroactive reinsurance agreements [7]	(907)		—
Other, net	942		556
U.S. GAAP stockholders’ equity of U.S. insurance entities [2]	13,493		4,179
U.S. GAAP stockholders’ equity of international subsidiaries as well as goodwill and other intangible assets related to the acquisition of Navigators Group	1,075		—
Total U.S. GAAP stockholders’ equity	$	14,568	$	4,179

[1]Statutory net income is for the six months ended June 30, 2024.

[2]Excludes insurance operations based in the U.K.

[3]For reporting purposes, statutory capital and surplus is referred to collectively as "statutory capital."

[4]The statutory capital for property and casualty insurance subsidiaries in this table does not include the value of an intercompany note owed by Hartford Holdings, Inc. ("HHI") to Hartford Fire Insurance Company.

[5]Represents the limitations on the recognition of deferred tax assets under U.S. statutory accounting principles ("U.S. STAT").

[6]Represents the tax timing differences between U.S. GAAP and U.S. STAT.

[7]Represents the deferred gain on retroactive reinsurance associated with U.S. entities for losses ceded to the Navigators and asbestos and environmental adverse development cover ("A&E ADC") agreements that is recognized within a special category of surplus under U.S. STAT but is recorded within other liabilities under U.S. GAAP.

6

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	AS OF
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023
Net unrealized gain (loss) on fixed maturities, AFS	$	(1,732)	$	(1,642)	$	(1,482)	$	(2,948)	$	(2,277)	$	(2,008)
Unrealized loss on fixed maturities, AFS with allowance for credit losses ("ACL")	(7)		(7)		(8)		(9)		(10)		(13)
Net gains on cash flow hedging instruments	30		21		21		27		31		48
Total net unrealized gain (loss)	(1,709)		(1,628)		(1,469)		(2,930)		(2,256)		(1,973)
Foreign currency translation adjustments	35		36		37		35		36		33
Liability for future policy benefits adjustments	35		30		25		47		32		27
Pension and other postretirement plan adjustments	(1,429)		(1,435)		(1,442)		(1,330)		(1,336)		(1,341)
Total AOCI	$	(3,068)	$	(2,997)	$	(2,849)	$	(4,178)	$	(3,524)	$	(3,254)

7

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

INCOME STATEMENTS

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024		Jun 30 2023
Written premiums	$	4,453		$	4,206		$	3,770		$	3,872		$	3,979		$	3,856			$	8,659	$	7,835
Change in unearned premium reserve	483			345			(72)			137			333			351				828		684
Earned premiums	3,970			3,861			3,842			3,735			3,646			3,505				7,831		7,151
Fee income	19			19			18			18			17			18				38		35
Losses and loss adjustment expenses
Current accident year before catastrophes	2,347			2,300			2,306			2,255			2,216			2,085				4,647		4,301
Current accident year catastrophes	280			161			81			184			226			185				441		411
Prior accident year development [1]	(115)			(56)			92			(43)			(39)			—				(171)		(39)
Total losses and loss adjustment expenses	2,512			2,405			2,479			2,396			2,403			2,270				4,917		4,673
Amortization of DAC	552			536			526			509			493			482				1,088		975
Underwriting expenses	655			642			596			601			616			604				1,297		1,220
Amortization of other intangible assets	7			8			8			8			7			8				15		15
Dividends to policyholders	9			10			8			16			7			8				19		15
Underwriting gain*	254			279			243			223			137			151				533		288
Net investment income	471			459			505			460			415			392				930		807
Net realized gains (losses)	(61)			13			(54)			(45)			(57)			(23)				(48)		(80)
Net servicing and other income (expense)	5			2			2			5			7			6				7		13
Income before income taxes	669			753			696			643			502			526				1,422		1,028
Income tax expense	129			138			129			127			95			100				267		195
Net income	540			615			567			516			407			426				1,155		833
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	62			(15)			45			35			48			23				47		71
Integration and other non-recurring M&A costs, before tax	2			2			1			1			2			—				4		2
Change in deferred gain on retroactive reinsurance, before tax [1]	(37)			(24)			194			—			—			—				(61)		—
Income tax expense (benefit) [2]	(6)			8			(49)			(7)			(11)			(5)				2		(16)
Core earnings	$	561		$	586		$	758		$	545		$	446		$	444			$	1,147	$	890
ROE
Net income available to common stockholders [3]	19.9		%	18.5		%	17.5		%	17.6		%	13.8		%	12.8		%
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses, excluded from core earnings, before tax	1.2		%	1.1		%	1.5		%	1.1		%	1.8		%	3.3		%
Integration and other non-recurring M&A costs, before tax	0.1		%	0.1		%	—		%	0.1		%	0.1		%	0.1		%
Change in deferred gain on retroactive reinsurance, before tax [1]	1.3		%	1.6		%	1.9		%	2.5		%	2.3		%	2.2		%
Income tax benefit [2]	(0.5		%)	(0.6		%)	(0.7		%)	(0.8		%)	(0.9		%)	(1.3		%)
Impact of AOCI, excluded from core earnings ROE	(3.1		%)	(2.6		%)	(2.9		%)	(4.3		%)	(2.6		%)	(1.6		%)
Core earnings [3]	18.9		%	18.1		%	17.3		%	16.2		%	14.5		%	15.5		%

[1]Prior accident year development for the three and six months ended June 30, 2024, includes a $37 and $61 benefit, respectively, for amortization of a deferred gain under retroactive reinsurance accounting related to the Navigators ADC as the Company collected recoveries of the ceded losses from NICO during 2024. See [3] on page 2 for more information.

[2]Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

[3]Net income ROE and Core earnings ROE are calculated by allocating a portion of debt, interest expense, preferred stock and preferred stock dividends accounted for within Corporate to Property & Casualty.

8

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

INCOME STATEMENTS (CONTINUED)

Prior accident year development included the following unfavorable (favorable) reserve development:

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Workers’ compensation	$	(52)	$	(67)	$	(62)	$	(61)	$	(52)	$	(61)		$	(119)	$	(113)
Workers' compensation discount accretion	11		12		10		10		11		11			23		22
General liability	32		17		2		11		16		12			49		28
Marine	(8)		7		(1)		—		(2)		1			(1)		(1)
Package business	(1)		—		(6)		(10)		(3)		(5)			(1)		(8)
Commercial property	(2)		(3)		(9)		2		(5)		5			(5)		—
Professional liability	(2)		(5)		1		—		(3)		—			(7)		(3)
Bond	(22)		—		(39)		—		12		—			(22)		12
Assumed reinsurance	15		9		15		2		15		2			24		17
Automobile liability - Commercial Lines	10		—		14		—		6		—			10		6
Automobile liability - Personal Lines	(13)		—		—		—		—		—			(13)		—
Homeowners	(10)		—		(7)		—		2		(1)			(10)		1
Net asbestos and environmental reserves	—		—		—		—		—		—			—		—
Catastrophes	(38)		—		(43)		—		(44)		—			(38)		(44)
Uncollectible reinsurance	—		—		—		1		4		8			—		12
Other reserve re-estimates, net [1]	2		(2)		23		2		4		28			—		32
Prior accident year development before change in deferred gain	(78)		(32)		(102)		(43)		(39)		—			(110)		(39)
Change in deferred gain on retroactive reinsurance included in other liabilities [2]	(37)		(24)		194		—		—		—			(61)		—
Total prior accident year development	$	(115)	$	(56)	$	92	$	(43)	$	(39)	$	—		$	(171)	$	(39)

[1]Other reserve re-estimates, net includes an increase (decrease) in automobile physical damage reserves within Personal Lines of $(7) and $(14) for the three and six months ended June 30, 2024 and $2 and $22 for the three and six months ended June 30, 2023, respectively.

[2]Refer to [1] on page8 for information about the change in deferred gain on retroactive reinsurance.

9

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PROPERTY & CASUALTY

UNDERWRITING RATIOS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
UNDERWRITING GAIN	$	254	$	279	$	243	$	223	$	137	$	151		$	533	$	288
UNDERWRITING RATIOS
Loss and loss adjustment expense ratio
Current accident year before catastrophes	59.1		59.6		60.0		60.4		60.8		59.5			59.3		60.1
Current accident year catastrophes	7.1		4.2		2.1		4.9		6.2		5.3			5.6		5.7
Prior accident year development [1]	(2.9)		(1.5)		2.4		(1.2)		(1.1)		—			(2.2)		(0.5)
Total loss and loss adjustment expense ratio	63.3		62.3		64.5		64.1		65.9		64.8			62.8		65.3
Expense ratio [2]	30.1		30.2		28.9		29.5		30.1		30.7			30.2		30.4
Policyholder dividend ratio	0.2		0.3		0.2		0.4		0.2		0.2			0.2		0.2
Combined ratio	93.6		92.8		93.7		94.0		96.2		95.7			93.2		96.0
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes and prior accident year development	(4.2)		(2.7)		(4.5)		(3.7)		(5.1)		(5.3)			(3.4)		(5.2)
Underlying combined ratio *	89.5		90.1		89.2		90.3		91.1		90.4			89.8		90.8

[1]Refer to [1] on page 8 for information about the change in deferred gain on retroactive reinsurance.

[2]Integration and transaction costs related to the acquisition of Navigators Group are not included in the expense ratio.

10

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL LINES

INCOME STATEMENTS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Written premiums	$	3,540	$	3,362	$	2,990	$	3,003	$	3,177	$	3,109		$	6,902	$	6,286
Change in unearned premium reserve	419		314		(48)		52		291		343			733		634
Earned premiums	3,121		3,048		3,038		2,951		2,886		2,766			6,169		5,652
Fee income	11		11		10		11		10		10			22		20
Losses and loss adjustment expenses
Current accident year before catastrophes	1,750		1,725		1,704		1,669		1,638		1,564			3,475		3,202
Current accident year catastrophes	155		109		60		115		123		138			264		261
Prior accident year development [1]	(81)		(56)		(118)		(46)		(38)		(23)			(137)		(61)
Total losses and loss adjustment expenses	1,824		1,778		1,646		1,738		1,723		1,679			3,602		3,402
Amortization of DAC	489		476		468		451		436		424			965		860
Underwriting expenses	484		487		452		460		469		456			971		925
Amortization of other intangible assets	7		7		8		7		7		7			14		14
Dividends to policyholders	9		10		8		16		7		8			19		15
Underwriting gain	319		301		466		290		254		202			620		456
Net investment income	402		391		435		395		364		338			793		702
Net realized gains (losses)	(50)		12		(48)		(38)		(51)		(19)			(38)		(70)
Other income (expense) [2]	(1)		(2)		(3)		2		—		—			(3)		—
Income before income taxes	670		702		850		649		567		521			1,372		1,088
Income tax expense	130		129		163		130		109		100			259		209
Net income	540		573		687		519		458		421			1,113		879
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	50		(13)		41		29		43		19			37		62
Integration and other non-recurring M&A costs, before tax [2]	2		2		1		1		2		—			4		2
Change in deferred gain on retroactive reinsurance, before tax [1]	(37)		(24)		—		—		—		—			(61)		—
Income tax expense (benefit) [3]	(4)		8		(6)		(7)		(10)		(4)			4		(14)
Core earnings	$	551	$	546	$	723	$	542	$	493	$	436		$	1,097	$	929

[1]Refer to [1] on page 8 for information about the change in deferred gain on retroactive reinsurance.

[2]Includes Navigators Group integration costs.

[3]Primarily represents federal income tax expense (benefit) related to before tax items not included in core earnings.

11

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL LINES

INCOME STATEMENTS (CONTINUED)

Prior accident year development included the following unfavorable (favorable) reserve development:

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Workers’ compensation	$	(52)	$	(67)	$	(62)	$	(61)	$	(52)	$	(61)		$	(119)	$	(113)
Workers' compensation discount accretion	11		12		10		10		11		11			23		22
General liability	32		17		2		11		16		12			49		28
Marine	(8)		7		(1)		—		(2)		1			(1)		(1)
Package business	(1)		—		(6)		(10)		(3)		(5)			(1)		(8)
Commercial property	(2)		(3)		(9)		2		(5)		5			(5)		—
Professional liability	(2)		(5)		1		—		(3)		—			(7)		(3)
Bond	(22)		—		(39)		—		12		—			(22)		12
Assumed reinsurance	15		9		15		2		15		2			24		17
Automobile liability	10		—		14		—		6		—			10		6
Catastrophes	(33)		—		(43)		—		(40)		—			(33)		(40)
Uncollectible reinsurance	—		(7)		—		(2)		4		5			(7)		9
Other reserve re-estimates, net	8		5		—		2		3		7			13		10
Prior accident year development before change in deferred gain	(44)		(32)		(118)		(46)		(38)		(23)			(76)		(61)
Change in deferred gain on retroactive reinsurance included in other liabilities [1]	(37)		(24)		—		—		—		—			(61)		—
Total prior accident year development	$	(81)	$	(56)	$	(118)	$	(46)	$	(38)	$	(23)		$	(137)	$	(61)

[1]Refer to [1] on page 8 for information about the change in deferred gain on retroactive reinsurance.

12

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL LINES

UNDERWRITING RATIOS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
UNDERWRITING GAIN	$	319	$	301	$	466	$	290	$	254	$	202		$	620	$	456
UNDERWRITING RATIOS
Loss and loss adjustment expense ratio
Current accident year before catastrophes	56.1		56.6		56.1		56.6		56.8		56.5			56.3		56.7
Current accident year catastrophes	5.0		3.6		2.0		3.9		4.3		5.0			4.3		4.6
Prior accident year development	(2.6)		(1.8)		(3.9)		(1.6)		(1.3)		(0.8)			(2.2)		(1.1)
Total loss and loss adjustment expense ratio	58.4		58.3		54.2		58.9		59.7		60.7			58.4		60.2
Expense ratio [1]	31.1		31.5		30.2		30.7		31.3		31.7			31.3		31.5
Policyholder dividend ratio	0.3		0.3		0.3		0.5		0.2		0.3			0.3		0.3
Combined ratio [2]	89.8		90.1		84.7		90.2		91.2		92.7			90.0		91.9
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes and prior accident year development	(2.4)		(1.8)		1.9		(2.3)		(3.0)		(4.2)			(2.1)		(3.5)
Underlying combined ratio	87.4		88.4		86.6		87.8		88.3		88.5			87.9		88.4
COMBINED RATIOS BY LINE OF BUSINESS
SMALL COMMERCIAL
Combined ratio	88.7		89.0		84.0		87.7		90.8		90.8			88.8		90.8
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(6.1)		(3.8)		(3.4)		(3.2)		(5.7)		(6.2)			(4.9)		(5.9)
Prior accident year development	4.2		4.3		5.2		5.2		4.5		4.9			4.3		4.7
Underlying combined ratio	86.8		89.6		85.8		89.7		89.7		89.5			88.1		89.6
MIDDLE & LARGE COMMERCIAL
Combined ratio	95.9		94.0		89.3		94.5		93.6		97.6			95.0		95.5
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(4.8)		(3.6)		(0.1)		(4.5)		(3.8)		(5.0)			(4.2)		(4.4)
Prior accident year development	(1.4)		(1.2)		1.2		(1.8)		(1.1)		(2.7)			(1.3)		(1.9)
Underlying combined ratio	89.6		89.2		90.3		88.1		88.7		89.9			89.4		89.3
GLOBAL SPECIALTY
Combined ratio [2]	83.4		87.8		79.6		88.9		87.3		88.7			85.6		88.0
Adjustments to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(3.5)		(3.3)		(2.0)		(4.3)		(2.6)		(3.1)			(3.4)		(2.9)
Prior accident year development	5.3		0.7		5.3		(0.3)		0.3		(0.4)			3.0		—
Underlying combined ratio	85.2		85.3		82.9		84.3		85.0		85.2			85.2		85.1

[1]Integration and transaction costs related to the acquisition of Navigators Group are not included in the expense ratio.

[2]The three and six months ended June 30, 2024 included a change in deferred gain on retroactive reinsurance related to the Navigators ADC of $37 and $61 representing a benefit of 1.2 and 1.0 points for the Commercial Lines combined ratio and 4.4 and 3.6 points for the global specialty combined ratio for the three and six month periods, respectively.

13

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMMERCIAL LINES

SUPPLEMENTAL DATA

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
WRITTEN PREMIUMS
Small Commercial	$	1,373		$	1,425		$	1,220		$	1,228		$	1,266		$	1,319			$	2,798		$	2,585
Middle & Large Commercial	1,140			1,016			1,010			1,031			1,013			935				2,156			1,948
Middle Market	993			872			860			900			881			796				1,865			1,677
National Accounts and Other	147			144			150			131			132			139				291			271
Global Specialty [1]	1,013			907			748			730			885			842				1,920			1,727
U.S.	595			505			495			500			551			468				1,100			1,019
International	125			106			122			96			121			99				231			220
Global Re	293			296			131			134			213			275				589			488
Other	14			14			12			14			13			13				28			26
Total	$	3,540		$	3,362		$	2,990		$	3,003		$	3,177		$	3,109			$	6,902		$	6,286
EARNED PREMIUMS
Small Commercial	$	1,284		$	1,248		$	1,251		$	1,221		$	1,190		$	1,139			$	2,532		$	2,329
Middle & Large Commercial	1,021			996			989			955			948			914				2,017			1,862
Middle Market	879			864			851			829			806			785				1,743			1,591
National Accounts and Other	142			132			138			126			142			129				274			271
Global Specialty [1]	802			789			786			761			735			700				1,591			1,435
U.S.	514			503			500			501			484			463				1,017			947
International	108			105			108			104			108			99				213			207
Global Re	180			181			178			156			143			138				361			281
Other	14			15			12			14			13			13				29			26
Total	$	3,121		$	3,048		$	3,038		$	2,951		$	2,886		$	2,766			$	6,169		$	5,652
COMMERCIAL LINES STATISTICAL PREMIUM INFORMATION
Small Commercial
Net New Business Premium	$	291		$	268		$	216		$	220		$	237		$	242			$	559		$	479
Renewal Written Price Increases	6.3		%	5.7		%	5.9		%	4.8		%	4.3		%	3.8		%		6.0		%	4.0		%
Policy Count Retention	84		%	85		%	85		%	85		%	85		%	86		%		84		%	85		%
Policies in Force (in thousands)	1,537			1,512			1,492			1,479			1,461			1,439
Middle Market [2]
Net New Business Premium	$	187		$	174		$	168		$	137		$	164		$	148			$	361		$	312
Renewal Written Price Increases	7.2		%	7.2		%	7.4		%	7.8		%	7.1		%	6.5		%		7.2		%	6.8		%
Premium Retention	83		%	83		%	84		%	82		%	83		%	82		%		83		%	83		%
Global Specialty
Gross New Business Premium[3]	$	264		$	223		$	230		$	216		$	246		$	191			$	487		$	437
Renewal Written Price Increases [4]	6.5		%	5.9		%	4.6		%	3.8		%	5.1		%	3.6		%		6.2		%	4.4		%

[1]U.S. business includes a small amount of business issued by U.S. insurance entities to U.S. policyholders with international-based exposures. International represents Navigators Group business written in either Lloyd's market or other international markets, which includes U.S.-based exposures.

[2]Except for net new business premium, metrics for Middle Market exclude loss sensitive and programs businesses.

[3]Excludes Global Re and is before ceded reinsurance.

[4]Excludes Global Re, offshore energy policies, credit and political risk insurance policies, political violence and terrorism policies, and any business under which the managing agent of our Lloyd's Syndicate 1221 delegates underwriting authority to coverholders and other third parties.

14

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PERSONAL LINES

INCOME STATEMENTS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Written premiums	$	913	$	844	$	780	$	869	$	802	$	747		$	1,757	$	1,549
Change in unearned premium reserve	64		31		(24)		85		42		8			95		50
Earned premiums	849		813		804		784		760		739			1,662		1,499
Fee income	8		8		8		7		7		8			16		15
Losses and loss adjustment expenses
Current accident year before catastrophes	597		575		602		586		578		521			1,172		1,099
Current accident year catastrophes	125		52		21		69		103		47			177		150
Prior accident year development	(34)		(7)		(7)		1		(3)		20			(41)		17
Total losses and loss adjustment expenses	688		620		616		656		678		588			1,308		1,266
Amortization of DAC	63		60		58		58		57		58			123		115
Underwriting expenses	169		153		148		138		145		145			322		290
Amortization of other intangible assets	—		1		—		1		—		1			1		1
Underwriting loss	(63)		(13)		(10)		(62)		(113)		(45)			(76)		(158)
Net investment income	50		50		52		47		34		38			100		72
Net realized gains (losses)	(8)		1		(5)		(5)		(5)		(1)			(7)		(6)
Net servicing and other income (expense)	6		4		5		3		7		6			10		13
Income (loss) before income taxes	(15)		42		42		(17)		(77)		(2)			27		(79)
Income tax expense (benefit)	(4)		8		8		(5)		(17)		(1)			4		(18)
Net income (loss)	(11)		34		34		(12)		(60)		(1)			23		(61)
Adjustments to reconcile net income (loss) to core earnings (loss):
Net realized losses (gains), excluded from core earnings, before tax	9		(2)		3		5		4		1			7		5
Income tax expense (benefit) [1]	(2)		1		(1)		(1)		(1)		—			(1)		(1)
Core earnings (loss)	$	(4)	$	33	$	36	$	(8)	$	(57)	$	—		$	29	$	(57)

[1]Represents federal income tax expense (benefit) related to before tax items not included in core earnings.

15

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PERSONAL LINES

INCOME STATEMENTS (CONTINUED)

Prior accident year development included the following unfavorable (favorable) reserve development:

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Automobile liability	$	(13)	$	—	$	—	$	—	$	—	$	—		$	(13)	$	—
Homeowners	(10)		—		(7)		—		2		(1)			(10)		1
Catastrophes	(5)		—		—		—		(4)		—			(5)		(4)
Uncollectible reinsurance	—		—		—		1		—		—			—		—
Other reserve re-estimates, net [1]	(6)		(7)		—		—		(1)		21			(13)		20
Total prior accident year development	$	(34)	$	(7)	$	(7)	$	1	$	(3)	$	20		$	(41)	$	17

[1]Other reserve re-estimates, net includes an increase (decrease) in automobile physical damage reserves of $(7) and $(14) for the three and six months ended June 30, 2024 and $2 and $22 for the three and six months ended June 30, 2023, respectively.

16

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PERSONAL LINES

UNDERWRITING RATIOS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
UNDERWRITING LOSS	$	(63)	$	(13)	$	(10)	$	(62)	$	(113)	$	(45)		$	(76)	$	(158)
UNDERWRITING RATIOS
Loss and loss adjustment expense ratio
Current accident year before catastrophes	70.3		70.7		74.9		74.7		76.1		70.5			70.5		73.3
Current accident year catastrophes	14.7		6.4		2.6		8.8		13.6		6.4			10.6		10.0
Prior accident year development	(4.0)		(0.9)		(0.9)		0.1		(0.4)		2.7			(2.5)		1.1
Total loss and loss adjustment expense ratio	81.0		76.3		76.6		83.7		89.2		79.6			78.7		84.5
Expense ratio	26.4		25.3		24.6		24.2		25.7		26.5			25.9		26.1
Combined ratio	107.4		101.6		101.2		107.9		114.9		106.1			104.6		110.5
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes and prior accident year development	(10.7)		(5.5)		(1.7)		(8.9)		(13.2)		(9.1)			(8.1)		(11.1)
Underlying combined ratio	96.7		96.1		99.5		99.0		101.7		97.0			96.4		99.4
PRODUCT
Automobile
Combined ratio	105.4		103.9		113.7		110.8		116.4		110.2			104.7		113.3
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(3.6)		(1.0)		(0.2)		(2.3)		(3.8)		(1.1)			(2.4)		(2.5)
Prior accident year development	3.1		1.6		0.1		—		(0.8)		(4.0)			2.4		(2.4)
Underlying combined ratio	104.9		104.4		113.5		108.5		111.8		105.1			104.7		108.5
Homeowners
Combined ratio	114.5		96.2		72.7		101.4		115.1		96.8			105.6		106.1
Adjustment to reconcile combined ratio to underlying combined ratio:
Current accident year catastrophes	(40.4)		(18.7)		(8.0)		(23.1)		(35.5)		(17.8)			(29.8)		(26.8)
Prior accident year development	3.7		(0.5)		2.7		(0.3)		(0.1)		(0.1)			1.6		(0.1)
Underlying combined ratio	77.8		77.0		67.3		78.1		79.6		78.9			77.4		79.2

17

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PERSONAL LINES

SUPPLEMENTAL DATA

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
DISTRIBUTION
WRITTEN PREMIUMS
AARP Direct	$	776	$	724	$	663	$	754	$	698	$	648		$	1,500	$	1,346
AARP Agency	63		61		60		57		52		50			124		102
Other Agency	70		55		52		53		48		44			125		92
Other	4		4		5		5		4		5			8		9
Total	$	913	$	844	$	780	$	869	$	802	$	747		$	1,757	$	1,549
EARNED PREMIUMS
AARP Direct	$	730	$	702	$	697	$	681	$	659	$	640		$	1,432	$	1,299
AARP Agency	58		56		55		50		51		49			114		100
Other Agency	56		51		47		47		45		45			107		90
Other	5		4		5		6		5		5			9		10
Total	$	849	$	813	$	804	$	784	$	760	$	739		$	1,662	$	1,499
PRODUCT LINE
WRITTEN PREMIUMS
Automobile	$	617	$	600	$	545	$	596	$	543	$	529		$	1,217	$	1,072
Homeowners	296		244		235		273		259		218			540		477
Total	$	913	$	844	$	780	$	869	$	802	$	747		$	1,757	$	1,549
EARNED PREMIUMS
Automobile	$	592	$	566	$	561	$	541	$	523	$	509		$	1,158	$	1,032
Homeowners	257		247		243		243		237		230			504		467
Total	$	849	$	813	$	804	$	784	$	760	$	739		$	1,662	$	1,499

18

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

PERSONAL LINES

SUPPLEMENTAL DATA (CONTINUED)

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
STATISTICAL PREMIUM INFORMATION (YEAR OVER YEAR)
Net New Business Premium
Automobile	$	82		$	72		$	65		$	61		$	52		$	46			$	154		$	98
Homeowners	$	47		$	34		$	25		$	25		$	22		$	21			$	81		$	43
Renewal Written Price Increases
Automobile	23.5		%	25.5		%	21.8		%	19.6		%	13.7		%	9.9		%		24.5		%	11.8		%
Homeowners	14.9		%	15.2		%	14.6		%	14.0		%	14.4		%	13.9		%		15.0		%	14.2		%
Policy Count Retention
Automobile	83		%	84		%	85		%	85		%	86		%	85		%		84		%	85		%
Homeowners	84		%	84		%	85		%	84		%	84		%	84		%		84		%	84		%
Effective Policy Count Retention
Automobile	80		%	80		%	82		%	82		%	83		%	84		%		80		%	84		%
Homeowners	83		%	83		%	84		%	83		%	84		%	84		%		83		%	84		%
Policies in Force (in thousands)
Automobile	1,214			1,233			1,257			1,270			1,287			1,305
Homeowners	702			701			704			712			723			731

19

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

P&C OTHER OPERATIONS

INCOME STATEMENTS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Losses and loss adjustment expenses
Prior accident year development	$	—	$	7	$	217	$	2	$	2	$	3		$	7	$	5
Total losses and loss adjustment expenses	—		7		217		2		2		3			7		5
Underwriting expenses	2		2		(4)		3		2		3			4		5
Underwriting loss	(2)		(9)		(213)		(5)		(4)		(6)			(11)		(10)
Net investment income	19		18		18		18		17		16			37		33
Net realized losses	(3)		—		(1)		(2)		(1)		(3)			(3)		(4)
Income (loss) before income taxes	14		9		(196)		11		12		7			23		19
Income tax expense (benefit)	3		1		(42)		2		3		1			4		4
Net income (loss)	11		8		(154)		9		9		6			19		15
Adjustments to reconcile net income (loss) to core earnings (loss):
Net realized losses excluded from core earnings, before tax	3		—		1		1		1		3			3		4
Change in deferred gain on retroactive reinsurance, before tax	—		—		194		—		—		—			—		—
Income tax expense (benefit) [1]	—		(1)		(42)		1		—		(1)			(1)		(1)
Core earnings (loss)	$	14	$	7	$	(1)	$	11	$	10	$	8		$	21	$	18

[1]Represents federal income tax expense (benefit) related to before tax items not included in core earnings (loss).

20

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROUP BENEFITS

INCOME STATEMENTS

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
Earned premiums	$	1,608		$	1,585		$	1,591		$	1,575		$	1,574		$	1,558			$	3,193		$	3,132
Fee income	57			54			56			54			56			51				111			107
Net investment income	112			114			125			121			113			110				226			223
Net realized gains (losses)	(9)			1			—			(31)			(19)			5				(8)			(14)
Total revenues	1,768			1,754			1,772			1,719			1,724			1,724				3,522			3,448
Benefits, losses and loss adjustment expenses	1,147			1,204			1,152			1,146			1,175			1,210				2,351			2,385
Amortization of DAC	9			9			8			8			9			9				18			18
Insurance operating costs and other expenses	387			397			381			372			381			380				784			761
Amortization of other intangible assets	10			10			10			10			10			10				20			20
Total benefits, losses and expenses	1,553			1,620			1,551			1,536			1,575			1,609				3,173			3,184
Income before income taxes	215			134			221			183			149			115				349			264
Income tax expense	44			26			45			37			28			23				70			51
Net income	171			108			176			146			121			92				279			213
Adjustments to reconcile net income (loss) to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	9			(1)			(2)			28			16			(5)				8			11
Integration and other non-recurring M&A costs, before tax	—			—			1			1			—			2				—			2
Income tax expense (benefit) [1]	(2)			—			(1)			(5)			(4)			1				(2)			(3)
Core earnings	$	178		$	107		$	174		$	170		$	133		$	90			$	285		$	223
Margin
Net income margin	9.7		%	6.2		%	9.9		%	8.5		%	7.0		%	5.3		%		7.9		%	6.2		%
Core earnings margin*	10.0		%	6.1		%	9.8		%	9.8		%	7.6		%	5.2		%		8.1		%	6.4		%
ROE
Net income available to common stockholders [2]	18.0		%	16.1		%	15.4		%	15.9		%	13.0		%	11.9		%
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses, excluded from core earnings, before tax	1.1		%	1.3		%	1.2		%	1.3		%	1.5		%	3.1		%
Integration and other non-recurring M&A costs, before tax	0.1		%	0.1		%	0.1		%	0.2		%	0.2		%	0.2		%
Income tax expense (benefit) [1]	(0.3		%)	(0.3		%)	(0.3		%)	(0.2		%)	(0.4		%)	(0.7		%)
Impact of AOCI, excluded from core earnings ROE	(2.5		%)	(2.1		%)	(2.1		%)	(3.4		%)	(1.8		%)	(0.9		%)
Core earnings [2]	16.4		%	15.1		%	14.3		%	13.8		%	12.5		%	13.6		%

[1]Represents federal income tax expense (benefit) related to before tax items not included in core earnings.

[2]Net income ROE and core earnings ROE are calculated by allocating a portion of debt, interest expense, preferred stock and preferred stock dividends accounted for within Corporate to Group Benefits.

21

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

GROUP BENEFITS

SUPPLEMENTAL DATA

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
PREMIUMS
Fully insured ongoing premiums
Group disability	$	837		$	836		$	845		$	827		$	822		$	814			$	1,673		$	1,636
Group life	663			645			647			640			650			643				1,308			1,293
Other [1]	107			104			98			102			102			100				211			202
Total fully insured ongoing premiums	1,607			1,585			1,590			1,569			1,574			1,557				3,192			3,131
Total buyouts [2]	1			—			1			6			—			1				1			1
Total premiums	$	1,608		$	1,585		$	1,591		$	1,575		$	1,574		$	1,558			$	3,193		$	3,132
SALES (GROSS ANNUALIZED NEW PREMIUMS)
Fully insured ongoing sales
Group disability	$	37		$	247		$	43		$	83		$	77		$	209			$	284		$	286
Group life	51			154			21			45			60			227				205			287
Other [1]	13			43			7			15			14			38				56			52
Total fully insured ongoing sales	101			444			71			143			151			474				545			625
Total buyouts [2]	1			—			1			6			—			1				1			1
Total sales	$	102		$	444		$	72		$	149		$	151		$	475			$	546		$	626
RATIOS, EXCLUDING BUYOUTS
Group disability loss ratio	67.1		%	70.1		%	63.6		%	67.3		%	67.0		%	70.4		%		68.6		%	68.7		%
Group life loss ratio	74.9		%	82.6		%	83.0		%	80.2		%	84.1		%	86.7		%		78.7		%	85.4		%
Total loss ratio	68.9		%	73.5		%	69.9		%	70.2		%	72.1		%	75.2		%		71.1		%	73.6		%
Expense ratio [3]	24.4		%	25.4		%	24.2		%	24.0		%	24.5		%	24.7		%		24.9		%	24.6		%

[1]Includes other group coverages such as retiree health insurance, critical illness, accident and hospital indemnity coverages.

[2]Takeover of open claim liabilities and other non-recurring premium amounts.

[3]Integration and transaction costs related to the acquisition of Aetna's U.S. group life and disability business are not included in the expense ratio.

22

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

HARTFORD FUNDS

INCOME STATEMENTS

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024		Jun 30 2023
Investment management fees	$	195		$	191		$	183		$	189		$	186		$	182			$	386	$	368
Shareowner servicing fees	21			21			21			21			21			21				42		42
Other revenue	42			42			42			42			41			41				84		82
Net realized gains (losses)	3			5			8			(4)			1			5				8		6
Total revenues	261			259			254			248			249			249				520		498
Sub-advisory expense	71			69			67			67			66			65				140		131
Employee compensation and benefits	32			35			30			28			29			34				67		63
Distribution and service	74			73			70			73			73			73				147		146
General, administrative and other	26			26			29			27			24			26				52		50
Total expenses	203			203			196			195			192			198				406		390
Income before income taxes	58			56			58			53			57			51				114		108
Income tax expense	14			11			11			12			12			10				25		22
Net income	44			45			47			41			45			41				89		86
Adjustments to reconcile net income to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	(3)			(5)			(8)			4			(1)			(5)				(8)		(6)
Income tax expense [1]	2			1			—			—			—			1				3		1
Core earnings	$	43		$	41		$	39		$	45		$	44		$	37			$	84	$	81
Daily average Hartford Funds AUM	$	134,064		$	131,648		$	124,676		$	128,786		$	127,540		$	127,084			$	132,856	$	127,313
Return on assets (bps, net of tax) [2]
Net income	13.1			13.7			15.1			12.7			14.1			12.9				13.4		13.5
Core earnings*	12.8			12.5			12.5			14.0			13.8			11.6				12.6		12.7
ROE
Net income available to common stockholders [3]	42.2		%	43.6		%	43.9		%	44.9		%	44.9		%	42.7		%
Adjustments to reconcile net income available to common stockholders to core earnings:
Net realized losses (gains), excluded from core earnings, before tax	(2.9		%)	(2.5		%)	(2.6		%)	(2.4		%)	(1.1		%)	2.7		%
Income tax expense (benefit) [1]	0.7		%	0.3		%	0.3		%	0.5		%	(0.3		%)	(1.1		%)
Impact of AOCI, excluded from core earnings ROE	(1.6		%)	(1.7		%)	(1.8		%)	(2.5		%)	(1.9		%)	(1.5		%)
Core earnings [3]	38.4		%	39.7		%	39.8		%	40.5		%	41.6		%	42.8		%

[1]Represents federal income tax expense (benefit) related to before tax items not included in core earnings.

[2]Represents annualized earnings divided by daily average assets under management ("AUM"), as measured in basis points ("bps") which represents one hundredth of one percent.

[3]Net income ROE and core earnings ROE are calculated by allocating a portion of debt, interest expense, preferred stock and preferred stock dividends accounted for within Corporate to Hartford Funds.

23

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

HARTFORD FUNDS

ASSET VALUE ROLLFORWARD

ASSETS UNDER MANAGEMENT BY ASSET CLASS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Equity Funds
Beginning balance	$	83,337	$	79,352	$	74,306	$	78,951	$	76,132	$	73,782		$	79,352	$	73,782
Sales	3,612		3,428		3,077		3,096		3,447		4,202			7,040		7,649
Redemptions	(4,831)		(5,488)		(5,303)		(4,366)		(4,145)		(5,221)			(10,319)		(9,366)
Net flows	(1,219)		(2,060)		(2,226)		(1,270)		(698)		(1,019)			(3,279)		(1,717)
Change in market value and other	1,094		6,045		7,272		(3,375)		3,517		3,369			7,139		6,886
Ending balance	$	83,212	$	83,337	$	79,352	$	74,306	$	78,951	$	76,132		$	83,212	$	78,951
Fixed Income Funds
Beginning balance	$	17,201	$	16,773	$	15,941	$	16,149	$	16,399	$	15,861		$	16,773	$	15,861
Sales	1,569		1,822		1,553		1,160		1,216		1,521			3,391		2,737
Redemptions	(1,080)		(1,497)		(1,692)		(1,127)		(1,468)		(1,372)			(2,577)		(2,840)
Net flows	489		325		(139)		33		(252)		149			814		(103)
Change in market value and other	135		103		971		(241)		2		389			238		391
Ending balance	$	17,825	$	17,201	$	16,773	$	15,941	$	16,149	$	16,399		$	17,825	$	16,149
Multi-Strategy Investments Funds [1]
Beginning balance	$	19,268	$	19,292	$	18,573	$	19,764	$	19,941	$	19,975		$	19,292	$	19,975
Sales	472		387		416		354		402		516			859		918
Redemptions	(930)		(954)		(1,134)		(968)		(918)		(892)			(1,884)		(1,810)
Net flows	(458)		(567)		(718)		(614)		(516)		(376)			(1,025)		(892)
Change in market value and other	(3)		543		1,437		(577)		339		342			540		681
Ending balance	$	18,807	$	19,268	$	19,292	$	18,573	$	19,764	$	19,941		$	18,807	$	19,764
Exchange-Traded Funds ("ETF") AUM
Beginning balance	$	3,753	$	3,899	$	3,362	$	3,243	$	3,036	$	2,854		$	3,899	$	2,854
Net flows	103		(209)		120		222		210		67			(106)		277
Change in market value and other	(14)		63		417		(103)		(3)		115			49		112
Ending balance	$	3,842	$	3,753	$	3,899	$	3,362	$	3,243	$	3,036		$	3,842	$	3,243
Mutual Fund and ETF AUM
Beginning balance	$	123,559	$	119,316	$	112,182	$	118,107	$	115,508	$	112,472		$	119,316	$	112,472
Sales - mutual fund	5,653		5,637		5,046		4,610		5,065		6,239			11,290		11,304
Redemptions - mutual fund	(6,841)		(7,939)		(8,129)		(6,461)		(6,531)		(7,485)			(14,780)		(14,016)
Net flows - ETF	103		(209)		120		222		210		67			(106)		277
Net flows - mutual fund and ETF	(1,085)		(2,511)		(2,963)		(1,629)		(1,256)		(1,179)			(3,596)		(2,435)
Change in market value and other	1,212		6,754		10,097		(4,296)		3,855		4,215			7,966		8,070
Ending balance	123,686		123,559		119,316		112,182		118,107		115,508			123,686		118,107
Third-party life and annuity separate account AUM	11,832		12,083		11,709		11,011		11,799		11,672			11,832		11,799
Hartford Funds AUM	$	135,518	$	135,642	$	131,025	$	123,193	$	129,906	$	127,180		$	135,518	$	129,906

[1]Includes balanced, allocation, and alternative investment products.

24

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

CORPORATE

INCOME STATEMENTS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Fee income [1]	$	10	$	10	$	9	$	10	$	11	$	9		$	20	$	20
Other revenue	1		—		—		1		—		1			1		1
Net investment income	14		16		17		12		8		10			30		18
Net realized gains (losses)	8		9		19		(10)		11		6			17		17
Total revenues	33		35		45		13		30		26			68		56
Benefits, losses and loss adjustment expenses [2]	2		2		2		1		2		2			4		4
Insurance operating costs and other expenses [1]	11		14		17		27		11		13			25		24
Interest expense	50		50		49		50		50		50			100		100
Restructuring and other costs	—		1		2		1		3		—			1		3
Total expenses	63		67		70		79		66		65			130		131
Loss before income taxes	(30)		(32)		(25)		(66)		(36)		(39)			(62)		(75)
Income tax benefit	(13)		(17)		(6)		(14)		(10)		(15)			(30)		(25)
Net loss	(17)		(15)		(19)		(52)		(26)		(24)			(32)		(50)
Preferred stock dividends	5		5		5		6		5		5			10		10
Net loss available to common stockholders	(22)		(20)		(24)		(58)		(31)		(29)			(42)		(60)
Adjustments to reconcile net loss available to common stockholders to core loss:
Net realized losses (gains), excluded from core earnings, before tax	(10)		(9)		(19)		9		(10)		(6)			(19)		(16)
Restructuring and other costs, before tax	—		1		2		1		3		—			1		3
Income tax expense (benefit) [3]	—		3		5		(4)		3		—			3		3
Core loss	$	(32)	$	(25)	$	(36)	$	(52)	$	(35)	$	(35)		$	(57)	$	(70)

[1]Includes investment management fees and expenses related to managing third-party assets.

[2]Includes benefits, losses and loss adjustment expenses for run-off structured settlement and terminal funding agreement liabilities.

[3]Represents federal income tax expense (benefit) related to before tax items not included in core earnings.

25

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT INCOME BEFORE TAX

CONSOLIDATED

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	496		$	483		$	466		$	433		$	411		$	395			$	979		$	806
Tax-exempt	41			43			44			47			49			50				84			99
Total fixed maturities	537			526			510			480			460			445				1,063			905
Equity securities	6			9			14			9			9			13				15			22
Mortgage loans	65			63			61			59			58			57				128			115
Limited partnerships and other alternative investments [2]	16			16			82			72			32			26				32			58
Other [3]	1			6			8			(1)			4			(2)				7			2
Subtotal	625			620			675			619			563			539				1,245			1,102
Investment expense	(23)			(27)			(22)			(22)			(23)			(24)				(50)			(47)
Total net investment income	$	602		$	593		$	653		$	597		$	540		$	515			$	1,195		$	1,055
Annualized investment yield, before tax [4]	4.1		%	4.1		%	4.5		%	4.2		%	3.9		%	3.7		%		4.1		%	3.8		%
Annualized limited partnerships and other alternative investment yield, before tax [4]	1.3		%	1.3		%	7.0		%	6.3		%	2.9		%	2.5		%		1.3		%	2.7		%
Annualized investment yield, before tax, excluding limited partnership and other alternative investments [4]*	4.4		%	4.3		%	4.3		%	4.1		%	4.0		%	3.8		%		4.3		%	3.9		%
Annualized investment yield, net of tax [4]	3.3		%	3.3		%	3.7		%	3.4		%	3.1		%	3.0		%		3.3		%	3.1		%
Annualized investment yield, net of tax, excluding limited partnership and other alternative investments [4]*	3.5		%	3.5		%	3.5		%	3.3		%	3.2		%	3.0		%		3.5		%	3.1		%
Average reinvestment rate [5]	6.4		%	6.1		%	6.3		%	6.0		%	5.3		%	5.8		%		6.2		%	5.6		%
Average sales/maturities yield [6]	4.9		%	5.0		%	4.8		%	4.5		%	4.1		%	4.2		%		4.9		%	4.1		%
Portfolio duration (in years) [7]	3.9			4.0			3.8			4.1			4.0			4.0				3.9			4.0

[1]Includes income on short-term investments.

[2]Within Property & Casualty, other alternative investments include an insurer-owned life insurance policy, which is primarily invested in private equity funds and fixed income.

[3]Includes changes in fair value of certain equity fund investments and income from derivatives that qualify for hedge accounting and are used to hedge fixed maturities.

[4]Represents annualized net investment income divided by the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value.

[5]Represents the annualized yield on fixed maturities and mortgage loans that were purchased during the respective period. Excludes U.S. Treasury securities and cash equivalents.

[6]Represents the annualized yield on fixed maturities and mortgage loans that were sold, matured, or redeemed, including calls and paydowns, during the respective period. Excludes U.S. Treasury securities and cash equivalents.

[7]Excludes certain short-term investments.

26

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT INCOME BEFORE TAX

PROPERTY & CASUALTY

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	389		$	373		$	359		$	333		$	316		$	304			$	762		$	620
Tax-exempt	29			32			33			34			37			37				61			74
Total fixed maturities	418			405			392			367			353			341				823			694
Equity securities	3			6			6			6			7			9				9			16
Mortgage loans	49			46			45			43			42			41				95			83
Limited partnerships and other alternative investments [2]	16			15			71			60			26			21				31			47
Other [3]	2			8			9			—			5			(2)				10			3
Subtotal	488			480			523			476			433			410				968			843
Investment expense	(17)			(21)			(18)			(16)			(18)			(18)				(38)			(36)
Total net investment income	$	471		$	459		$	505		$	460		$	415		$	392			$	930		$	807
Annualized investment yield, before tax [4]	4.2		%	4.1		%	4.6		%	4.3		%	3.9		%	3.6		%		4.1		%	3.8		%
Annualized limited partnerships and other alternative investment yield, before tax [4]	1.6		%	1.6		%	7.7		%	6.7		%	3.0		%	2.5		%		1.6		%	2.8		%
Annualized investment yield, before tax, excluding limited partnership and other alternative investments [4]	4.4		%	4.3		%	4.3		%	4.0		%	4.0		%	3.7		%		4.4		%	3.8		%
Annualized investment yield, net of tax [4]	3.4		%	3.3		%	3.7		%	3.5		%	3.1		%	3.0		%		3.3		%	3.0		%
Annualized investment yield, net of tax, excluding limited partnership and other alternative investments [4]	3.5		%	3.5		%	3.5		%	3.2		%	3.2		%	3.0		%		3.5		%	3.1		%
Average reinvestment rate [5]	6.4		%	6.1		%	6.3		%	6.0		%	5.3		%	5.8		%		6.2		%	5.6		%
Average sales/maturities yield [6]	4.9		%	4.9		%	4.9		%	4.5		%	4.1		%	4.2		%		4.9		%	4.1		%
Portfolio duration (in years) [7]	3.8			3.8			3.6			3.9			3.8			3.9				3.8			3.8

Footnotes [1] through [7] are explained on page 26.

27

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTMENT INCOME BEFORE TAX

GROUP BENEFITS

	THREE MONTHS ENDED																		SIX MONTHS ENDED
	Jun 30 2024			Mar 31 2024			Dec 31 2023			Sept 30 2023			Jun 30 2023			Mar 31 2023				Jun 30 2024			Jun 30 2023
Net Investment Income (Loss)
Fixed maturities [1]
Taxable	$	92		$	93		$	92		$	86		$	85		$	81			$	185		$	166
Tax-exempt	10			10			10			10			11			12				20			23
Total fixed maturities	102			103			102			96			96			93				205			189
Equity securities	1			1			1			3			1			2				2			3
Mortgage loans	16			17			16			16			16			16				33			32
Limited partnerships and other alternative investments [2]	—			1			11			12			6			5				1			11
Other [3]	(1)			(2)			(1)			—			(1)			—				(3)			(1)
Subtotal	118			120			129			127			118			116				238			234
Investment expense	(6)			(6)			(4)			(6)			(5)			(6)				(12)			(11)
Total net investment income	$	112		$	114		$	125		$	121		$	113		$	110			$	226		$	223
Annualized investment yield, before tax [4]	3.9		%	3.9		%	4.2		%	4.1		%	3.9		%	3.8		%		3.9		%	3.8		%
Annualized limited partnerships and other alternative investment yield, before tax [4]	—		%	0.4		%	4.4		%	4.8		%	2.5		%	2.5		%		0.2		%	2.5		%
Annualized investment yield, before tax, excluding limited partnership and other alternative investments [4]	4.3		%	4.2		%	4.2		%	4.1		%	4.0		%	3.9		%		4.2		%	3.9		%
Annualized investment yield, net of tax [4]	3.1		%	3.1		%	3.4		%	3.3		%	3.1		%	3.0		%		3.1		%	3.1		%
Annualized investment yield, net of tax, excluding limited partnership and other alternative investments [4]	3.4		%	3.4		%	3.4		%	3.3		%	3.2		%	3.1		%		3.4		%	3.2		%
Average reinvestment rate [5]	6.6		%	6.4		%	6.2		%	5.9		%	5.3		%	6.0		%		6.5		%	5.6		%
Average sales/maturities yield [6]	4.8		%	5.2		%	4.6		%	4.8		%	4.3		%	4.4		%		4.9		%	4.3		%
Portfolio duration (in years) [7]	4.9			5.1			4.9			5.1			4.9			4.8				4.9			4.9

Footnotes [1] through [7] are explained on page 26.

28

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

NET INVESTMENT INCOME

CONSOLIDATED

	THREE MONTHS ENDED												SIX MONTHS ENDED
Net Investment Income by Segment	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net Investment Income
Commercial Lines	$	402	$	391	$	435	$	395	$	364	$	338		$	793	$	702
Personal Lines	50		50		52		47		34		38			100		72
P&C Other Operations	19		18		18		18		17		16			37		33
Total Property & Casualty	471		459		505		460		415		392			930		807
Group Benefits	112		114		125		121		113		110			226		223
Hartford Funds	5		4		6		4		4		3			9		7
Corporate	14		16		17		12		8		10			30		18
Total net investment income by segment	$	602	$	593	$	653	$	597	$	540	$	515		$	1,195	$	1,055
	THREE MONTHS ENDED													SIX MONTHS ENDED
Net Investment Income from Limited Partnerships and Other Alternative Investments	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Total Property & Casualty	$	16	$	15	$	71	$	60	$	26	$	21		$	31	$	47
Group Benefits	—		1		11		12		6		5			1		11
Total net investment income from limited partnerships and other alternative investments [1]	$	16	$	16	$	82	$	72	$	32	$	26		$	32	$	58

[1]Amounts are included above in total net investment income by segment.

29

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPONENTS OF NET REALIZED GAINS (LOSSES)

CONSOLIDATED

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net Realized Gains (Losses)
Gross gains on sales of fixed maturities	$	6	$	5	$	4	$	6	$	3	$	17		$	11	$	20
Gross losses on sales of fixed maturities	(75)		(11)		(62)		(27)		(21)		(39)			(86)		(60)
Equity securities [1]	14		35		46		(13)		10		35			49		45
Net credit losses on fixed maturities, AFS	(1)		(1)		(1)		(5)		(3)		(5)			(2)		(8)
Change in ACL on mortgage loans	—		3		(5)		(5)		(5)		—			3		(5)
Other net gains (losses) [2]	(3)		(3)		(9)		(46)		(48)		(15)			(6)		(63)
Total net realized gains (losses)	(59)		28		(27)		(90)		(64)		(7)			(31)		(71)
Net realized losses (gains), included in core earnings, before tax [3]	1		2		11		14		11		—			3		11
Total net gains (losses) excluded from core earnings, before tax	(58)		30		(16)		(76)		(53)		(7)			(28)		(60)
Income tax benefit (expense) related to net realized gains (losses) excluded from core earnings	12		(7)		5		15		10		3			5		13
Total net realized gains (losses) excluded from core earnings, after tax	$	(46)	$	23	$	(11)	$	(61)	$	(43)	$	(4)		$	(23)	$	(47)

[1]Includes all changes in fair value and trading gains and losses for equity securities.

[2]Includes changes in value of fair value option securities and non-qualifying derivatives, including credit derivatives and interest rate derivatives used to manage duration. Also includes periodic net coupon settlements on credit derivatives, which are included in core earnings, as well as transactional foreign currency revaluation.

[3]Represents net periodic settlements on credit derivatives.

30

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

COMPOSITION OF INVESTED ASSETS

CONSOLIDATED

	Jun 30 2024				Mar 31 2024				Dec 31 2023				Sept 30 2023				Jun 30 2023
	Amount [1]		Percent		Amount		Percent		Amount [1]		Percent		Amount		Percent		Amount		Percent
Total investments	$	56,890	100.0	%	$	56,107	100.0	%	$	55,922	100.0	%	$	53,320	100.0	%	$	52,668	100.0	%
Asset-backed securities	$	3,014	7.4	%	$	3,499	8.5	%	$	3,320	8.3	%	$	3,130	8.2	%	$	2,685	7.2	%
Collateralized loan obligations	3,514		8.6	%	3,168		7.8	%	3,090		7.8	%	3,043		8.0	%	2,981		8.0	%
Commercial mortgage-backed securities	2,942		7.2	%	3,050		7.4	%	3,125		7.8	%	3,124		8.2	%	3,227		8.6	%
Corporate	19,493		47.8	%	18,657		45.7	%	17,866		44.9	%	16,651		43.9	%	16,096		42.9	%
Foreign government/government agencies	546		1.3	%	548		1.3	%	562		1.4	%	567		1.5	%	539		1.4	%
Municipal	5,294		13.0	%	5,941		14.6	%	6,039		15.2	%	5,686		15.0	%	6,226		16.6	%
Residential mortgage-backed securities	4,787		11.7	%	4,473		11.0	%	4,287		10.8	%	3,827		10.1	%	3,729		9.9	%
U.S. Treasuries	1,224		3.0	%	1,504		3.7	%	1,529		3.8	%	1,934		5.1	%	2,014		5.4	%
Total fixed maturities, AFS [2]	$	40,814	100.0	%	$	40,840	100.0	%	$	39,818	100.0	%	$	37,962	100.0	%	$	37,497	100.0	%
U.S. government/government agencies	$	4,770	11.7	%	$	4,846	11.9	%	$	4,776	12.0	%	$	4,747	12.5	%	$	4,790	12.8	%
AAA	6,413		15.7	%	6,838		16.7	%	7,055		17.7	%	6,733		17.8	%	6,752		18.0	%
AA	7,283		17.8	%	7,578		18.5	%	7,270		18.3	%	6,959		18.3	%	6,782		18.1	%
A	10,785		26.4	%	10,488		25.7	%	9,828		24.7	%	9,273		24.4	%	9,295		24.8	%
BBB	9,204		22.6	%	9,264		22.7	%	9,198		23.1	%	8,561		22.6	%	8,143		21.7	%
BB	1,649		4.1	%	1,234		3.0	%	1,139		2.9	%	1,115		2.9	%	1,130		3.0	%
B	701		1.7	%	580		1.5	%	539		1.3	%	565		1.5	%	595		1.6	%
CCC	8		—	%	11		—	%	12		—	%	8		—	%	9		—	%
CC & below	1		—	%	1		—	%	1		—	%	1		—	%	1		—	%
Total fixed maturities, AFS [2]	$	40,814	100.0	%	$	40,840	100.0	%	$	39,818	100.0	%	$	37,962	100.0	%	$	37,497	100.0	%

[1]Amount represents the value at which the assets are presented in the Consolidating Balance Sheets (page 4).

[2]Fixed maturities, at fair value using the fair value option are not included.

31

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

INVESTED ASSET EXPOSURES

JUNE 30, 2024

	Cost or Amortized Cost		Fair Value		Percent of Total Invested Assets
Top Ten Corporate Fixed Maturity, AFS and Equity Exposures by Sector
Financial services	$	6,030	$	5,762	10.1	%
Technology and communications	2,661		2,498		4.4	%
Consumer non-cyclical	2,542		2,401		4.2	%
Utilities	2,405		2,231		3.9	%
Capital goods	1,703		1,633		2.9	%
Consumer cyclical	1,611		1,561		2.8	%
Energy	1,481		1,429		2.5	%
Basic industry	1,091		1,046		1.8	%
Transportation	889		829		1.5	%
Other	726		694		1.2	%
Total	$	21,139	$	20,084	35.3	%
Top Ten Exposures by Issuer [1]
NextEra Energy Inc.	$	238	$	226	0.4	%
Goldman Sachs Group Inc.	229		210		0.3	%
Toronto Dominion Bank	207		193		0.3	%
Morgan Stanley	204		192		0.3	%
Government of Canada	181		179		0.3	%
Penske Corporation	165		163		0.3	%
Eversource Energy	167		163		0.3	%
UBS Group AG	165		157		0.3	%
Enterprise Holdings Inc.	156		155		0.3	%
Pfizer Inc.	157		153		0.3	%
Total	$	1,869	$	1,791	3.1	%

[1]Includes corporate bonds, municipal bonds, bonds issued by foreign government/government agencies, and equity securities excluding mutual funds.

32

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

APPENDIX

BASIS OF PRESENTATION AND DEFINITIONS

All amounts are in millions, except for per share and ratio information, unless otherwise stated. Amounts presented throughout this document have been rounded for presentation purposes.

The Hartford Financial Services Group, Inc. (the "Company", "we", or "our") currently conducts business principally in five reporting segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations ("P&C Other Operations"), Group Benefits and Hartford Funds, as well as a Corporate category.

Property & Casualty ("P&C") businesses consist of three reporting segments: Commercial Lines, Personal Lines and P&C Other Operations. Commercial Lines provides workers’ compensation, property, automobile, general liability, umbrella, professional liability, bond, marine, livestock, accident and health, and reinsurance to businesses in the United States ("U.S.") and internationally. Commercial Lines generally consists of products written for small businesses, middle market companies as well as national and multi-national accounts, largely distributed through retail agents and brokers, wholesale agents and global and specialty insurance and reinsurance brokers. Small commercial and middle market lines within middle & large commercial are generally referred to as standard commercial lines. Global specialty provides a variety of customized insurance products, including reinsurance. Personal Lines provides automobile, homeowners and personal umbrella coverages to individuals across the U.S., including a special program designed exclusively for members of AARP. P&C Other Operations includes certain property and casualty operations, managed by the Company, that have discontinued writing new business and represent approximately 95% of the Company's asbestos and environmental exposures, before considering losses ceded to the A&E ADC.

Group Benefits provides group life, accident and disability coverage, group retiree health and voluntary benefits to individual members of employer groups and associations. Group Benefits offers disability underwriting, administration, claims processing and reinsurance to other insurers and self-funded employer plans.

Hartford Funds provides investment management, administration, distribution and related services to investors through investment products in domestic markets. Mutual fund and exchange-traded funds are sold primarily through retail, bank trust and registered investment advisor channels.

The Company includes in the Corporate category reserves for run-off structured settlement and terminal funding agreement liabilities, restructuring costs, capital raising activities (including equity financing, debt financing and related interest expense), transaction expenses incurred in connection with an acquisition, certain M&A costs, purchase accounting adjustments related to goodwill, and other expenses not allocated to the reporting segments. Corporate also includes investment management fees and expenses related to managing third-party assets.

Certain operating and statistical measures for P&C Commercial Lines and Personal Lines have been incorporated herein to provide supplemental data that indicates current trends in the Company's business. These measures include net new business premium, gross new business premium, renewal written price increases, policy count retention, effective policy count retention, premium retention, and policies in-force.

•Net new business premium represents the amount of premiums charged, after ceded reinsurance, for policies issued to customers who were not insured with the Company in the previous policy term. Net new business premium plus renewal written premium equals total written premium.

•Gross new business premium represents the amount of premiums charged, before ceded reinsurance, for policies issued to customers who were not insured with the Company in the previous policy term. Gross new business premium plus gross renewal written premium less ceded reinsurance equals total written premium. For global specialty, gross new business premium is used by management, as it is thought to be more indicative of new business growth trends, in part because global specialty includes the Global Re assumed reinsurance book of business.

•Renewal written price increases for Commercial Lines represents the combined effect of rate changes and individual risk pricing decisions per unit of exposure since the prior year on policies that renewed and includes amount of insurance, which is a component of change in exposure and offsets increases in loss cost trends due to inflation. For Personal Lines, renewal written price increases represents the total change in premium per policy since the prior year on those policies that renewed and includes the combined effect of rate changes, amount of insurance and other changes in exposure. For Personal Lines, other changes in exposure include, but are not limited to, the effect of changes in number of drivers, vehicles and incidents, as well as changes in customer policy elections, such as deductibles and limits.

•Policy count retention represents the number of renewal policies issued during the current year period divided by the new and renewal policies issued in the prior period.

•Effective policy count retention represents the number of policies expected to renew in the current year period, based on contract effective dates, divided by the new and renewal policies effective in the prior period.

•Premium retention for middle and large commercial, represents the ratio of prior period premiums that were successfully renewed divided by premiums associated with policies available for renewal in the current period. Premium retention excludes premium amounts from annual audits, renewal written price increases and changes in exposure, including amount of insurance. Premium Retention statistics are subject to change from period to period based on a number of factors, including the effect of subsequent cancellations and non-renewals.

•Policies-in-force represents the number of policies with coverage in effect as of the end of the period. The number of policies in force is a growth measure used for Personal Lines as well as small commercial within Commercial Lines and is affected by both new business growth and policy count retention.

The Company, along with others in the property and casualty insurance industry, uses underwriting ratios as measures of performance. The loss and loss adjustment expense ratio is the ratio of losses and loss adjustment expenses to earned premiums. The expense ratio is the ratio of underwriting expenses less fee income to earned premiums. Underwriting expenses included in the expense ratio consist of amortization of deferred policy acquisition costs and insurance operating costs and expenses, including certain centralized services and bad debt expense, but excluding integration and other non-recurring M&A costs. The policyholder dividend ratio is the ratio of policyholder dividends to earned premiums. The combined ratio is the sum of the loss and loss adjustment expense ratio, the expense ratio and the policyholder dividend ratio. These ratios are relative measurements that describe the related cost of losses, expenses and policyholder dividends for every $100 of earned premiums. A combined ratio below 100 demonstrates underwriting profit; a combined ratio above 100 demonstrates underwriting losses. The current accident year catastrophe ratio (a component of the loss ratio) represents the ratio of catastrophe losses and loss adjustment expenses incurred in the current accident year to earned premiums. The prior accident year loss and loss adjustment expense ratio (a component of the loss ratio) represents the increase (decrease) in the estimated cost of settling catastrophe and non-catastrophe claims incurred in prior accident years as recorded in the current calendar year divided by earned premiums.

A catastrophe is a severe loss, resulting from natural or man-made events, including risks such as fire, earthquake, windstorm, explosion, terrorist attack, civil unrest and similar events. Each catastrophe has unique characteristics and the events are unpredictable as to timing or loss amount. Catastrophe losses are not included in either earnings or in losses and loss adjustment expense reserves prior to occurrence of the catastrophe event. The Company believes that a discussion of the effect of catastrophes is meaningful for investors to understand the variability of periodic earnings. For U.S. events, a catastrophe is an event that causes $25 or more in industry insured property losses and affects a significant number of property and casualty policyholders and insurers, as defined by the Property Claim Service office of Verisk. For international events, the Company's approach is similar, informed, in part, by how Lloyd's of London defines major losses and, consistent with that definition, incurred losses arising from the Ukraine conflict have been accounted for as catastrophe losses. The Company does not treat incurred benefits and losses arising from the COVID-19 pandemic as catastrophe losses.

33

The Company, along with others in the insurance industry, use loss and expense ratios as measures of the Group Benefits segment's performance. The loss ratio is the ratio of benefits, losses and loss adjustment expenses, excluding those related to buyout premiums, to premiums and other considerations, excluding buyout premiums. The expense ratio is the ratio of insurance operating costs and other expenses (excluding integration and other non-recurring M&A costs) to premiums and other considerations, excluding buyout premiums. Buyout premiums represent takeover of open claim liabilities and other non-recurring premium amounts.

The Hartford Funds segment provides supplemental data on sales, redemptions, net flows and account value that indicate current trends in that segment.

DISCUSSION OF NON-GAAP AND OTHER FINANCIAL MEASURES

The Company uses non-GAAP and other financial measures in this Investor Financial Supplement to assist investors in analyzing the Company's operating performance. Because the Company's calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing the Company's non-GAAP and other financial measures to those of other companies. Non-GAAP measures are indicated with an asterisk the first time they appear in this document.

Core earnings- The Hartford uses the non-GAAP measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by including the net effect of certain items. Therefore, the following items are excluded from core earnings:

•Certain realized gains and losses - Generally realized gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income.

•Restructuring and other costs - Costs incurred as part of a restructuring plan are not a recurring operating expense of the business.

•Loss on extinguishment of debt - Largely consisting of make-whole payments or tender premiums upon paying debt off before maturity, these losses are not a recurring operating expense of the business.

•Gains and losses on reinsurance transactions - Gains or losses on reinsurance, such as those entered into upon sale of a business or to reinsure loss reserves, are not a recurring operating expense of the business.

•Integration and other non-recurring M&A costs - These costs, including transaction costs incurred in connection with an acquired business, are incurred over a short period of time and do not represent an ongoing operating expense of the business.

•Change in loss reserves upon acquisition of a business - These changes in loss reserves are excluded from core earnings because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition.

•Deferred gain resulting from retroactive reinsurance and subsequent changes in the deferred gain - Retroactive reinsurance agreements economically transfer risk to the reinsurers and excluding the deferred gain on retroactive reinsurance and related amortization of the deferred gain from core earnings provides greater insight into the economics of the business.

•Change in valuation allowance on deferred taxes related to non-core components of before tax income - These changes in valuation allowances are excluded from core earnings because they relate to non-core components of before tax income, such as tax attributes like capital loss carryforwards.

•Results of discontinued operations - These results are excluded from core earnings for businesses sold or held for sale because such results could obscure the ability to compare period over period results for our ongoing businesses.

In addition to the above components of net income available to common stockholders that are excluded from core earnings, preferred stock dividends declared, which are excluded from net income, are included in the determination of core earnings. Preferred stock dividends are a cost of financing more akin to interest expense on debt and are expected to be a recurring expense as long as the preferred stock is outstanding.

Net income (loss) and net income (loss) available to common stockholders are the most directly comparable U.S. GAAP measures to core earnings. Core earnings should not be considered as a substitute for net income (loss) or net income (loss) available to common stockholders and does not reflect the overall profitability of the Company’s business. Therefore, The Hartford believes that it is useful for investors to evaluate net income (loss), net income (loss) available to common stockholders, and core earnings when reviewing the Company’s performance. A reconciliation of net income (loss) available to common stockholders to core earnings is set forth on page 2.

Core earnings per share-This is a non-GAAP per share measure calculated using the non-GAAP financial measure core earnings rather than the GAAP measure net income. The Company believes that core earnings per share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) available to common stockholders per share is the most directly comparable U.S. GAAP measure. Core earnings per share should not be considered as a substitute for net income (loss) available to common stockholders per share and does not reflect the overall profitability of the Company's business. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per share and core earnings per share when reviewing our performance.A reconciliation of net income (loss) available to common stockholders per share to core earnings per share is set forth below.

34

BASIC EARNINGS PER SHARE

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net Income available to common stockholders per share	$	2.48	$	2.51	$	2.55	$	2.12	$	1.75	$	1.69		$	4.99	$	3.44
Adjustments made to reconcile net income available to common stockholders per share to core earnings per share:
Net realized losses (gains), excluded from core earnings, before tax	0.20		(0.10)		0.05		0.25		0.17		0.02			0.09		0.19
Restructuring and other costs, before tax	—		—		0.01		—		0.01		—			—		0.01
Integration and other non-recurring M&A costs, before tax	0.01		0.01		0.01		0.01		0.01		0.01			0.01		0.01
Change in deferred gain on retroactive reinsurance, before tax	(0.13)		(0.08)		0.65		—		—		—			(0.21)		—
Income tax expense (benefit) on items excluded from core earnings	(0.02)		0.04		(0.16)		(0.06)		(0.04)		(0.01)			0.04		(0.04)
Core earnings per share	$	2.54	$	2.38	$	3.11	$	2.32	$	1.90	$	1.71		$	4.92	$	3.61

Core earnings per diluted share-This non-GAAP per share measure is calculated using the non-GAAP financial measure core earnings rather than the GAAP measure net income. The Company believes that core earnings per diluted share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) available to common stockholders per diluted common share is the most directly comparable GAAP measure. Core earnings per diluted share should not be considered as a substitute for net income (loss) available to common stockholders per diluted common share and does not reflect the overall profitability of the Company's business. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per diluted common share and core earnings per diluted share when reviewing the Company's performance. A reconciliation of net income available to common stockholders per diluted share to core earnings per diluted share is set forth below.

DILUTED EARNINGS PER SHARE

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net Income available to common stockholders per diluted share	$	2.44	$	2.47	$	2.51	$	2.09	$	1.73	$	1.66		$	4.92	$	3.39
Adjustments made to reconcile net income available to common stockholders per diluted share to core earnings per diluted share:
Net realized losses (gains), excluded from core earnings, before tax	0.19		(0.10)		0.05		0.25		0.17		0.02			0.09		0.19
Restructuring and other costs, before tax	—		—		0.01		—		0.01		—			—		0.01
Integration and other non-recurring M&A costs, before tax	0.01		0.01		0.01		0.01		0.01		0.01			0.01		0.01
Change in deferred gain on retroactive reinsurance, before tax	(0.12)		(0.08)		0.64		—		—		—			(0.20)		—
Income tax expense (benefit) on items excluded from core earnings	(0.02)		0.04		(0.16)		(0.06)		(0.04)		(0.01)			0.02		(0.04)
Core earnings per diluted share	$	2.50	$	2.34	$	3.06	$	2.29	$	1.88	$	1.68		$	4.84	$	3.56

Book value per diluted share (excluding AOCI)-This is a non-GAAP per share measure that is calculated by dividing (a) common stockholders' equity, excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. The Company provides this measure to enable investors to analyze the amount of the Company's net worth that is primarily attributable to the Company's business operations. The Company believes that excluding AOCI from the numerator is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per diluted share is the most directly comparable U.S. GAAP measure. Reconciliations of book value per common share and book value per diluted share to book value per common share, excluding AOCI and book value per diluted share, excluding AOCI, are set forth on page 1.

Core Earnings Return on Equity- The Company provides different measures of the return on stockholders' equity (ROE). Core earnings ROE is calculated based on non-GAAP financial measures. Core earnings ROE is calculated by dividing (a) the non-GAAP measure core earnings for the prior four fiscal quarters by (b) the non-GAAP measure average common stockholders' equity, excluding AOCI. Net income ROE is the most directly comparable U.S. GAAP measure. The Company excludes AOCI in the calculation of core earnings ROE to provide investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to the Company's business operations. The Company provides to investors return on equity measures based on its non-GAAP core earnings financial measure for the reasons set forth in the core earnings definition. A reconciliation of Net income (loss) ROE to Core earnings ROE is set forth below:

35

	LAST TWELVE MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023
Net income ROE	19.8	%	18.5	%	17.5	%	17.7	%	14.4	%	12.8	%
Adjustments to reconcile net income (loss) ROE to core earnings ROE:
Net realized losses excluded from core earnings, before tax	0.8	%	0.8	%	1.1	%	0.9	%	1.5	%	3.3	%
Restructuring and other costs, before tax	—	%	—	%	—	%	0.1	%	0.1	%	0.1	%
Loss on extinguishment of debt, before tax	—	%	—	%	—	%	—	%	—	%	0.1	%
Integration and other non-recurring M&A costs, before tax	0.1	%	0.1	%	0.1	%	0.1	%	0.1	%	0.1	%
Change in deferred gain on retroactive reinsurance, before tax	0.9	%	1.2	%	1.4	%	1.8	%	1.7	%	1.5	%
Income tax benefit on items not included in core earnings	(0.4	%)	(0.4	%)	(0.5	%)	(0.6	%)	(0.8	%)	(1.1	%)
Impact of AOCI, excluded from denominator of core earnings ROE	(3.8	%)	(3.6	%)	(3.8	%)	(5.1	%)	(3.4	%)	(2.5	%)
Core earnings ROE	17.4	%	16.6	%	15.8	%	14.9	%	13.6	%	14.3	%

Common stockholders' equity, excluding AOCI- This non-GAAP measure is calculated as total stockholders' equity less preferred stock and AOCI. Total stockholders' equity is the most directly comparable GAAP measure. The Company provides this measure to enable investors to analyze the amount of the Company's net worth that is primarily attributable to the Company's business operations. The Company believes that excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. A reconciliation of common stockholders' equity, excluding AOCI to its most directly comparable GAAP measure, total stockholders' equity, is set forth on page 5.

Total capitalization, excluding AOCI, net of tax- This non-GAAP measure is calculated as total debt plus total stockholders' equity, excluding the impacts of AOCI included in stockholders’ equity. Total capitalization, including AOCI, net of tax is the most directly comparable GAAP measure. Total debt to capitalization ratio excluding, AOCI is calculated by dividing total debt to total capitalization excluding, AOCI, net of tax. The Company provides this measure to enable investors to analyze the Company’s financial leverage. The Company believes that excluding AOCI is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Reconciliations of capitalization metrics, are set forth on page 5.

Underwriting gain (loss)- The Hartford's management evaluates profitability of the Commercial and Personal Lines segments primarily on the basis of underwriting gain or loss. Underwriting gain (loss) is a before tax non-GAAP measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income (loss) is the most directly comparable GAAP measure. Underwriting gain (loss) is influenced significantly by earned premium growth and the adequacy of The Hartford's pricing. Underwriting profitability over time is also greatly influenced by The Hartford's underwriting discipline, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the Company's investing activities. Reconciliations of net income (loss) to underwriting gain (loss) for the Company's P&C businesses are set forth below.

Underlying underwriting gain (loss)- This non-GAAP measure of underwriting profitability represents underwriting gain (loss) before current accident year catastrophes, PYD and current accident year change in loss reserves upon acquisition of a business. The most directly comparable GAAP measure is net income (loss). The Company believes underlying underwriting gain (loss) is important to understand the Company’s periodic earnings because the volatile and unpredictable nature (i.e., the timing and amount) of catastrophes and prior accident year reserve development could obscure underwriting trends. The changes to loss reserves upon acquisition of a business are also excluded from underlying underwriting gain (loss) because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. Reconciliation of net income (loss) to underlying underwriting gain (loss) for the Company's P&C businesses are set forth below.

36

PROPERTY & CASUALTY

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net income	$	540	$	615	$	567	$	516	$	407	$	426		$	1,155	$	833
Adjustments to reconcile net income to underlying underwriting gain:
Net investment income	(471)		(459)		(505)		(460)		(415)		(392)			(930)		(807)
Net realized losses (gains)	61		(13)		54		45		57		23			48		80
Net servicing and other income	(5)		(2)		(2)		(5)		(7)		(6)			(7)		(13)
Income tax expense	129		138		129		127		95		100			267		195
Underwriting gain	254		279		243		223		137		151			533		288
Current accident year catastrophes	280		161		81		184		226		185			441		411
Prior accident year development	(115)		(56)		92		(43)		(39)		—			(171)		(39)
Underlying underwriting gain	$	419	$	384	$	416	$	364	$	324	$	336		$	803	$	660

COMMERCIAL LINES

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net income	$	540	$	573	$	687	$	519	$	458	$	421		$	1,113	$	879
Adjustments to reconcile net income to underlying underwriting gain:
Net investment income	(402)		(391)		(435)		(395)		(364)		(338)			(793)		(702)
Net realized losses (gains)	50		(12)		48		38		51		19			38		70
Other expense (income)	1		2		3		(2)		—		—			3		—
Income tax expense	130		129		163		130		109		100			259		209
Underwriting gain	319		301		466		290		254		202			620		456
Current accident year catastrophes	155		109		60		115		123		138			264		261
Prior accident year development	(81)		(56)		(118)		(46)		(38)		(23)			(137)		(61)
Underlying underwriting gain	$	393	$	354	$	408	$	359	$	339	$	317		$	747	$	656

37

PERSONAL LINES

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net income (loss)	$	(11)	$	34	$	34	$	(12)	$	(60)	$	(1)		$	23	$	(61)
Adjustments to reconcile net income (loss) to underlying underwriting gain (loss):
Net investment income	(50)		(50)		(52)		(47)		(34)		(38)			(100)		(72)
Net realized losses (gains)	8		(1)		5		5		5		1			7		6
Net servicing and other income	(6)		(4)		(5)		(3)		(7)		(6)			(10)		(13)
Income tax expense (benefit)	(4)		8		8		(5)		(17)		(1)			4		(18)
Underwriting loss	(63)		(13)		(10)		(62)		(113)		(45)			(76)		(158)
Current accident year catastrophes	125		52		21		69		103		47			177		150
Prior accident year development	(34)		(7)		(7)		1		(3)		20			(41)		17
Underlying underwriting gain (loss)	$	28	$	32	$	4	$	8	$	(13)	$	22		$	60	$	9

P&C OTHER OPERATIONS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net income (loss)	$	11	$	8	$	(154)	$	9	$	9	$	6		$	19	$	15
Adjustments to reconcile net income (loss) to underlying underwriting loss:
Net investment income	(19)		(18)		(18)		(18)		(17)		(16)			(37)		(33)
Net realized losses	3		—		1		2		1		3			3		4
Income tax expense (benefit)	3		1		(42)		2		3		1			4		4
Underwriting loss	(2)		(9)		(213)		(5)		(4)		(6)			(11)		(10)
Prior accident year development	—		7		217		2		2		3			7		5
Underlying underwriting gain (loss)	$	(2)	$	(2)	$	4	$	(3)	$	(2)	$	(3)		$	(4)	$	(5)

Underlying combined ratio-This non-GAAP financial measure of underwriting results represents the combined ratio before catastrophes, prior accident year development and current accident year change in loss reserves upon acquisition of a business. Combined ratio is the most directly comparable GAAP measure. The Company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve development. The changes to loss reserves upon acquisition of a business are excluded from underlying combined ratio because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. A reconciliation of the combined ratio to the underlying combined ratio for Property & Casualty, Commercial Lines, and Personal Lines is set forth on pages 10, 13 and 17, respectively.

38

Core earnings margin- The Hartford uses the non-GAAP measure core earnings margin to evaluate, and believes it is an important measure of, the Group Benefits segment's operating performance. Core earnings margin is calculated by dividing core earnings by revenues, excluding buyouts and realized gains (losses). Net income margin, calculated by dividing net income by revenues, is the most directly comparable U.S. GAAP measure. The Company believes that core earnings margin provides investors with a valuable measure of the performance of Group Benefits because it reveals trends in the business that may be obscured by the effect of buyouts and realized gains (losses) as well as other items excluded in the calculation of core earnings. Core earnings margin should not be considered as a substitute for net income margin and does not reflect the overall profitability of Group Benefits. Therefore, the Company believes it is important for investors to evaluate both core earnings margin and net income margin when reviewing performance. A reconciliation of net income margin to core earnings margin is set forth below.

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Net income margin	9.7	%	6.2	%	9.9	%	8.5	%	7.0	%	5.3	%		7.9	%	6.2	%
Adjustments to reconcile net income margin to core earnings margin:
Net realized losses (gains), before tax	0.4	%	(0.1)	%	(0.1)	%	1.5	%	0.8	%	(0.3)	%		0.3	%	0.2	%
Integration and other non-recurring M&A costs, before tax	—	%	—	%	0.1	%	0.1	%	—	%	0.1	%		—	%	0.1	%
Income tax expense (benefit)	(0.1)	%	—	%	(0.1)	%	(0.3)	%	(0.2)	%	0.1	%		(0.1)	%	(0.1)	%
Core earnings margin	10.0	%	6.1	%	9.8	%	9.8	%	7.6	%	5.2	%		8.1	%	6.4	%

Return on Assets ("ROA"), Core Earnings- The Company uses this non-GAAP financial measure to evaluate, and believes is an important measure of, the Hartford Funds segment’s operating performance. ROA, core earnings is calculated by dividing annualized core earnings by a daily average AUM. ROA is the most directly comparable U.S. GAAP measure. The Company believes that ROA, core earnings, provides investors with a valuable measure of the performance of the Hartford Funds segment because it reveals trends in our business that may be obscured by the effect of items excluded in the calculation of core earnings. ROA, core earnings, should not be considered as a substitute for ROA and does not reflect the overall profitability of our Hartford Funds business. Therefore, the Company believes it is important for investors to evaluate both ROA, and ROA, core earnings when reviewing the Hartford Funds segment performance. A reconciliation of ROA to ROA, core earnings is set forth below.

	THREE MONTHS ENDED						SIX MONTHS ENDED
	Jun 30 2024	Mar 31 2024	Dec 31 2023	Sept 30 2023	Jun 30 2023	Mar 31 2023		Jun 30 2024	Jun 30 2023
Return on Assets ("ROA")	13.1	13.7	15.1	12.7	14.1	12.9		13.4	13.5
Adjustments to reconcile ROA to ROA, core earnings:
Effect of net realized losses (gains), excluded from core earnings, before tax	(0.9)	(1.5)	(2.6)	1.3	(0.3)	(1.6)		(1.3)	(1.0)
Effect of income tax expense	0.6	0.3	—	—	—	0.3		0.5	0.2
Return on Assets ("ROA"), core earnings	12.8	12.5	12.5	14.0	13.8	11.6		12.6	12.7

39

Net investment income, excluding limited partnerships and other alternative investments-This non-GAAP measure is the amount of net investment income, on a Consolidated, P&C or Group Benefits level earned from invested assets, excluding the net investment income related to limited partnerships and other alternative investments. The Company believes that net investment income, excluding limited partnerships and other alternative instruments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative instruments. Net investment income is the most directly comparable GAAP measure. A reconciliation of net investment income to net investment income, excluding limited partnerships and other alternative investments is set forth below.

CONSOLIDATED

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Total net investment income	$	602	$	593	$	653	$	597	$	540	$	515		$	1,195	$	1,055
Adjustment for income from limited partnerships and other alternative investments	(16)		(16)		(82)		(72)		(32)		(26)			(32)		(58)
Net investment income excluding limited partnerships and other alternative investments	$	586	$	577	$	571	$	525	$	508	$	489		$	1,163	$	997

PROPERTY & CASUALTY

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Total net investment income	$	471	$	459	$	505	$	460	$	415	$	392		$	930	$	807
Adjustment for income from limited partnerships and other alternative investments	(16)		(15)		(71)		(60)		(26)		(21)			(31)		(47)
Net investment income excluding limited partnerships and other alternative investments	$	455	$	444	$	434	$	400	$	389	$	371		$	899	$	760

GROUP BENEFITS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Total net investment income	$	112	$	114	$	125	$	121	$	113	$	110		$	226	$	223
Adjustment for income from limited partnerships and other alternative investments	—		(1)		(11)		(12)		(6)		(5)			(1)		(11)
Net investment income excluding limited partnerships and other alternative investments	$	112	$	113	$	114	$	109	$	107	$	105		$	225	$	212

40

Annualized investment yield, excluding limited partnerships and other alternative investments-This non-GAAP measure is calculated as (a) the annualized net investment income, on a Consolidated, P&C or Group Benefits level, excluding limited partnerships and other alternative investments, divided by (b) the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value and limited partnerships and other alternative investments. The Company believes that annualized investment yield, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Annualized investment yield is the most directly comparable GAAP measure. A reconciliation of annualized investment yield to annualized investment yield, excluding limited partnerships and other alternative investments is set forth below.

CONSOLIDATED

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Annualized investment yield	4.1	%	4.1	%	4.5	%	4.2	%	3.9	%	3.7	%		4.1	%	3.8	%
Adjustment for income from limited partnerships and other alternative investments	0.3	%	0.2	%	(0.2)	%	(0.1)	%	0.1	%	0.1	%		0.2	%	0.1	%
Annualized investment yield excluding limited partnerships and other alternative investments	4.4	%	4.3	%	4.3	%	4.1	%	4.0	%	3.8	%		4.3	%	3.9	%

PROPERTY & CASUALTY

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Annualized investment yield	4.2	%	4.1	%	4.6	%	4.3	%	3.9	%	3.6	%		4.1	%	3.8	%
Adjustment for income from limited partnerships and other alternative investments	0.2	%	0.2	%	(0.3)	%	(0.3)	%	0.1	%	0.1	%		0.3	%	—	%
Annualized investment yield excluding limited partnerships and other alternative investments	4.4	%	4.3	%	4.3	%	4.0	%	4.0	%	3.7	%		4.4	%	3.8	%

GROUP BENEFITS

	THREE MONTHS ENDED												SIX MONTHS ENDED
	Jun 30 2024		Mar 31 2024		Dec 31 2023		Sept 30 2023		Jun 30 2023		Mar 31 2023			Jun 30 2024		Jun 30 2023
Annualized investment yield	3.9	%	3.9	%	4.2	%	4.1	%	3.9	%	3.8	%		3.9	%	3.8	%
Adjustment for income from limited partnerships and other alternative investments	0.4	%	0.3	%	—	%	—	%	0.1	%	0.1	%		0.3	%	0.1	%
Annualized investment yield excluding limited partnerships and other alternative investments	4.3	%	4.2	%	4.2	%	4.1	%	4.0	%	3.9	%		4.2	%	3.9	%

41