1Q24 Financial Results Presentation Slides

Market leader in desirable segments with high retucharacteristics

Delivering consistently strong results across diversified businesses with significant contribution from investment portfolio

Leveraging core strengths of underwriting excellence, risk management, claims, products and distribution

Investing in differentiating capabilities to strengthen competitive advantage to enable profitable growth

Ethics, people and performance driven culture

Personal

Lines

14%

Group Benefits

28%

Growth:

P&C net written premium growth of 9%, including 8% in Commercial Lines and 13% in Personal Lines

Group Benefits fully insured ongoing premium growth of 2%

Profitability:

Commercial Lines combined ratio of 90.1 and underlying combined ratio1 of 88.4

Group Benefits core earnings margin1 of 6.1%

Balance sheet & capital management:

Proactive capital management - repurchased $350 million of shares and paid $141 million in common stockholder dividends

Superior risk-adjusted returns:

16.6% core earnings retuon equity (ROE)1,3

High Quality Investment Portfolio:

A+ overall average credit rating with net investment income of $593 million, before tax, benefiting from the impact of reinvesting at higher rates, a higher level of invested assets and a higher yield on variable-rate securities

Maximizing Value Creation for All Stakeholders

Book Value Per Diluted Share

(ex AOCI)1,2

Core Earnings ROE1,3

Written premiums of $3.4 billion in 1Q24 were up 8% from 1Q23 with increases across the segment, strong double-digit growth in new business, and the effect of renewal written price increases

Excluding workers' compensation, renewal written price increases of 9.0% is up 70 bps from 4Q23. Workers' compensation renewal written pricing between 1Q24 and 4Q23 was relatively flat

Combined ratio of 90.1 in 1Q24 compared to 92.7 in 1Q23 and underlying combined ratio1 of 88.4 in 1Q24 compared to 88.5 in 1Q23

Expense ratio of 31.5 improved 0.2 points from 1Q23, driven by the impact of higher earned premium

CAY CATs and PYD

Expense Ratio

CAY Losses and

LAE4 Before CATs

1. Denotes financial measure not calculated based on GAAP
2. Excludes Middle Market loss sensitive and programs businesses, 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
3. Combined ratio includes policyholder dividends ratio
4. Loss adjustment expense (LAE)
5. Commercial Lines written premiums include immaterial amounts from Other Commercial

Commercial Lines Renewal Written Pricing %

Commercial Lines Written Premiums5

($ in millions)

Written premiums of $844 million increased by 13% compared to 1Q23

Renewal written price increase in auto of 25.7% in 1Q24 compared to 21.8% in 4Q23, and in home, 15.2% in 1Q24 compared to 14.6% in 4Q23

Combined ratio of 101.6 in 1Q24 improved from 106.1 in 1Q23, primarily due to a change from unfavorable PYD of 2.7 points in 1Q23 to favorable PYD of 0.9 points in 1Q24 as well as a 0.9 point improvement in the underlying combined ratio

Underlying combined ratio of 96.1 improved from 97.0 in 1Q23 primarily due to a

1.2 point improvement in the expense ratio and a lower non-CAT CAY homeowners loss ratio

CAY CATs and PYD

Expense Ratio

CAY Losses and LAE

Before CATs

Personal Lines Renewal Written Price Increase %

Homeowners

Auto

Written Premiums

($ in millions)

Homeowners

Auto

8

GROUP BENEFITS

Solid margins in 1Q24

Core earnings margin1 of 6.1% compared with 5.2% in 1Q23 reflecting improved life results, continued strong long-term disability results and higher net investment income

The loss ratio of 73.5% improved 1.7 points from 1Q23 driven by improved mortality trends in group life and continued strong long-term disability claim recoveries, largely offset by higher incidence in Paid Family Leave and short-term disability products

1Q24 fully insured ongoing premiums increased 2%, including an increase in exposure on existing accounts, new business sales and strong but lower persistency compared to a year ago

Expense ratio of 25.4% increased 0.7 points from 1Q23 primarily due to higher staffing costs, increased investments in technology, and higher commission expense, partially offset by the effect of higher earned premiums

Loss Ratio

Core Earnings1 and Core Earnings Margin

($ in millions)

Fully Insured Ongoing Premiums & Growth

($ in millions)

9

HARTFORD FUNDS

High return, fee generating business

Total AUM4

($ in billions)

Core earnings1 of $41 million in 1Q24 increased from $37 million in 1Q23 with an increase in fee income net of variable expenses, driven by higher daily average Hartford Funds AUM

Mutual fund and Exchange-traded funds (ETF) net outflows of $2.5 billion in 1Q24, compared with net outflows of $1.2 billion in 1Q23

51% of overall funds are outperforming peers on a 1-year basis3, 47% on a 3-year basis3, 54% on a 5-year basis3 and 68% on a 10-year basis3

42% of funds are rated 4 or 5 stars by Morningstar as of March 31, 2024

• 83% are rated 3 stars or better

Mutual Fund and ETF Net Flows2

($ in millions)

Mutual Fund and ETF AUM

Third-Party Life and Annuity Separate Account AUM5