HARTFORD INSURANCE GROUP, INC. (HIG)

The Hartford Insurance Group, Inc. is a holding company whose subsidiaries provide property and casualty (P&C) insurance, employee group benefits insurance and services, and mutual funds and exchange-traded funds to individual and business customers. Its oldest subsidiary, Hartford Fire Insurance Company, dates back to 1810. The holding company has no significant operations of its own and relies on dividends from its insurance and other subsidiaries to meet its obligations, pay dividends and repurchase stock. At December 31, 2025, total assets were $86.0 billion and stockholders' equity was $19.0 billion. The company describes itself as a leading P&C and employee group benefits insurer, and its strategy emphasizes underwriting, distribution, customer experience, AI and data capabilities, and balanced use of excess capital.

The Hartford operates in five reportable segments plus a Corporate category: Insurance (commercial lines), Personal Insurance, Property & Casualty Other Operations, Employee Benefits and Hartford Funds. 2025 revenues were $28,368 million, and earned premiums in the commercial segment were $13,883 million. Commercial products include workers' compensation, general liability, marine, package, commercial property, professional liability (D&O and errors and omissions), bond (fidelity and surety, plus credit and political risk insurance), assumed reinsurance (mainly treaty business in Europe and the Americas) and commercial automobile. The Insurance segment is organized into three lines of business: small business, middle & large business, and global specialty. Small business includes the Spectrum package policy and excess and surplus lines coverage. Middle & large business includes programs, national accounts written largely through large deductible programs, loss-sensitive and retrospectively rated programs, and captive programs.

Customers include individuals and businesses of all sizes in the United States, the United Kingdom and other international locations. Small business customers are generally those with annual payroll under $20 million, revenues under $50 million and property values under $20 million per location, with an average written premium under $5 thousand per policy. Middle & large business serves mid-sized firms through large national accounts, as well as exporters and other U.S. companies with overseas operations through business partners. Commercial products are largely distributed through retail agents and brokers, wholesale agents, and global and specialty insurance and reinsurance brokers, serving both admitted and non-admitted markets. Small business and middle & large business lines are subject to rate regulation.

The Hartford is headquartered in Connecticut. The Hartford Stag logo is a widely recognized symbol in the insurance industry. The company says its core strengths are underwriting, risk management, claims, product development and distribution. Its filing also covers reserves, reinsurance, investment operations, enterprise risk management, regulation, intellectual property and human capital resources, though the text provided does not detail them.