3Q23 Financial Results Presentation Slides

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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%

Revenue

Contribution Across

Our Segments1

Commercial Lines

53%

Profitability:

Commercial Lines combined ratio of 90.2 and underlying combined ratio1 of 87.8

Group Benefits core earnings margin1 of 9.8%

Balance sheet & capital management:

Proactive capital management - repurchased $350 million of shares and paid $131 million in common stockholder dividends in 3Q23

Year to date, the company has returned $1.45 billion to stockholders including $1.05 billion in share repurchases and $0.4 billion in common stockholder dividends paid

Superior risk-adjusted returns:

Core Earnings ROE4

Written premiums of $3.0 billion in 3Q23 increased 8% from 3Q22 with increases across the segment, including continued expansion in property lines, meaningful new business growth within Small Commercial and Global Specialty, and the effect of higher renewal written price increases

High single digit renewal written price increases, excluding workers' compensation, in Small Commercial and Middle Market

Combined ratio of 90.2 in 3Q23 compared to 94.3 in 3Q22 and underlying combined ratio1 of 87.8 compared to 89.3 in 3Q22, primarily due to improvements in both the underlying loss and loss adjustment expense ratio and expense ratio

Expense ratio of 30.7 improved 0.8 points from 3Q22 driven by the impact of higher earned premium, lower incentive-based compensation and incremental savings from the Hartford Next program

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 $869 million increased by 8% compared to 3Q22

Renewal written price increase in auto of 19.7% in 3Q23 compared to 5.0% in 3Q22 and 13.7% in 2Q23, and in home, 14.1% in 3Q23 compared to 11.8% in 3Q22 and 14.4% in 2Q23

Combined ratio of 107.9 in 3Q23 compared to 109.6 in 3Q22, primarily driven by a decrease in CAY CATs of 6.4 points, partially offset by a 5.9 point increase in the underlying loss and loss adjustment expense ratio and a change from favorable PYD in 3Q22 to unfavorable in 3Q23

Underlying combined ratio1 of 99.0 compared to 95.9 in 3Q22 primarily due to the increase in auto losses, partially offset by a 2.9 point improvement in the expense ratio primarily driven by lower marketing spend

CAY CATs and PYD

Expense Ratio

CAY Losses and LAE

Before CATs

Personal Lines Written Price Increases %

Homeowners

Auto

Written Premiums

($ in millions)

Homeowners

Auto

8

GROUP BENEFITS

Top line growth and strong margins in 3Q23

Core earnings margin1 of 9.8% compared with 7.2% in 3Q22, reflecting earnings generated from growth in fully insured premiums, strong disability results, and improved mortality experience

The loss ratio of 70.2% improved 2.6 points from 3Q22 driven by a strong disability loss ratio reflecting favorable long-term disability claim recoveries and a lower level of mortality in group life

3Q23 fully insured ongoing premiums increased 8% from 3Q22 driven by strong persistency, new business sales, and an increase in exposure on existing accounts

Expense ratio of 24.0% improved 1.4 points from 3Q22 primarily due to the effect of higher earned premiums, incremental expense savings from Hartford Next and lower incentive compensation

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

Core earnings1 of $45 million in 3Q23 compared to $47 million in 3Q22 due to:

• Higher net investment income
• Offset by lower fee income, net of lower variable expenses, resulting from a decrease in daily average AUM

Mutual fund and Exchange-traded funds (ETF) net outflows of $1.6 billion in 3Q23, compared with net outflows of $1.3 billion in 2Q23

56% of overall funds are outperforming peers on a 1-year basis3, 47% on a 3-year basis3, 63% on a 5-year basis3 and 71% on a 10-year basis3

53% of funds are rated 4 or 5 stars by Morningstar as of September 30, 2023

• 81% are rated 3 stars or better

Total AUM4

($ in billions)

Mutual Fund and ETF AUM

Third-Party Life and Annuity

Separate Account AUM5

Mutual Fund and ETF Net Flows2

($ in millions)