Hartford Insurance Group Inks Reinsurance Commutation And Release Agreement With National Indemnity Company To Commute And Terminate Aggregate Excess Of Loss Reinsurance Agreement; Commutation Agreement Resolves Confidential Arbitration Dispute Under Reinsurance Agreement; Hartford Fire Insurance Receives $1.12B Cash Payment

On September 23, 2026, Hartford Fire Insurance Company and certain of its affiliates (collectively, the "Hartford Insurers"), each a wholly owned insurance company subsidiary of The Hartford Insurance Group, Inc. (the "Company"), entered into a Reinsurance Commutation and Release Agreement (the "Commutation Agreement") with National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway Inc. Pursuant to the Commutation Agreement, the Hartford Insurers and NICO agreed to the commutation and termination of their existing Aggregate Excess of Loss Reinsurance Agreement (the "Reinsurance Agreement"), which has provided asbestos and environmental adverse development cover reinsurance since December 31, 2016, and certain related transaction documents. The Commutation Agreement also resolves the confidential arbitration regarding the parties’ dispute under the Reinsurance Agreement.

On September 25, 2026, Hartford Fire Insurance Company received a cash payment of $1.12 billion, and, upon receipt of such payment, the Reinsurance Agreement was commuted and terminated in accordance with the terms of the Commutation Agreement, and the Hartford Insurers and NICO were released from liabilities and obligations arising under the Reinsurance Agreement and related transaction documents.