AM Best Affirms Credit Ratings of The Hartford Insurance Group, Inc. and Its Subsidiaries

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long-term issuer credit ratings financial

Long-term issuer credit ratings are assessments of a borrower's ability to repay debt over a period longer than one year. They help investors understand the level of risk involved in lending to that entity, similar to how a credit score indicates trustworthiness. These ratings influence borrowing costs and investment decisions, guiding investors on the safety and stability of their investments.

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A financial strength rating is an assessment of an organization's overall financial health, indicating how well it can meet its financial commitments. Think of it as a report card that shows whether a company or institution is financially stable and capable of withstanding economic challenges. This rating helps investors gauge the level of risk involved in engaging with or investing in that organization.

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Shelf registration is when a company gets permission ahead of time to sell new stocks or bonds over a period of time instead of all at once. It matters to investors because it lets a company raise money quickly when needed, but it can also change the value of existing shares if many new ones are sold.

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OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has affirmed the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of The Hartford Insurance Group, Inc. (The Hartford) (Delaware) (NYSE: HIG), which is the ultimate parent of the companies hereinafter mentioned. AM Best also has affirmed the Financial Strength Rating (FSR) of A+ (Superior) the Long-Term ICRs of “aa” (Superior) of Hartford Fire Insurance Company (Hartford, CT) and its pooling subsidiaries and affiliates, as well as Hartford Life and Accident Insurance Company (Hartford, CT) and Navigators Insurance Company (New York, NY), collectively known as the Hartford Insurance Group. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of all companies and their ratings.)

The ratings of the Hartford Insurance Group reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.

The group’s balance sheet assessment continues to be anchored by its strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Additionally, The Hartford’s financial leverage has shown a well-managed trend over the last five years. The organization maintains significant financial flexibility through access to its $750 million five-year revolving credit facility, as well as its membership with Federal Home Loan Bank of Boston. The Hartford maintains a durable investment portfolio, which is highly rated and well diversified. In addition, it has a strong track record of generating good net cash flows and maintaining more than adequate overall liquidity to support its business needs.

The Hartford Insurance Group’s consistent operating performance has been trending positively in recent years due to the strength of its brand and reputation, as well as its diversified distribution and products across its various segments. Operating metrics continue to be in line with, or have exceeded, its peers and similarly rated companies in recent years. The Hartford has continued to report premium growth in its core property/casualty lines of business, reflecting sales growth and pricing actions in certain lines of business. Separately, the employee benefits segment continues to provide a steady stream of income driven by growth in fully insured ongoing premium, as well as excellent life and solid disability results.

The FSR of A+ (Superior) and the Long-Term ICRs of “aa” (Superior) have been affirmed, with stable outlooks for the following subsidiaries of The Hartford Insurance Group, Inc.:

• Hartford Fire Insurance Company
• Hartford Accident and Indemnity Company
• Hartford Insurance Company of Illinois
• Hartford Casualty Insurance Company
• Hartford Underwriters Insurance Company
• Pacific Insurance Company, Limited
• Twin City Fire Insurance Company
• Nutmeg Insurance Company
• Hartford Insurance Company of the Midwest
• Hartford Insurance Company of the Southeast
• Hartford Life and Accident Insurance Company
• Property and Casualty Insurance Company of Hartford
• Trumbull Insurance Company
• Sentinel Insurance Company, Ltd.
• Hartford Lloyd’s Insurance Company
• Navigators Insurance Company
• Navigators Specialty Insurance Company
• Maxum Indemnity Company
• Maxum Casualty Insurance Company

The following Long-Term IRs have been affirmed with stable outlooks:

The Hartford Insurance Group, Inc. —

• “a” (Excellent) on $600 million 2.8% senior unsecured notes, due 2029
• “a” (Excellent) on $300 million 5.95% senior unsecured notes, due 2036
• “a” (Excellent) on $300 million 6.625% senior unsecured notes, due 2040 (approximately $295 million outstanding)
• “a” (Excellent) on $409 million 6.1% senior unsecured notes, due 2041
• “a” (Excellent) on $425 million 6.625% senior unsecured notes, due 2042 (approximately $178 million outstanding)
• “a” (Excellent) on $300 million 4.3% senior unsecured notes, due 2043
• “a” (Excellent) on $500 million 4.4% senior unsecured notes, due 2048
• “a” (Excellent) on $800 million 3.6% senior unsecured notes, due 2049
• “a” (Excellent) on $600 million 2.9% senior unsecured notes, due 2051
• “bbb+” (Good) on $500 million floating rate junior subordinated debentures, due 2067
• “bbb+” (Good) on $345 million 6% non-cumulative preferred stock

The following indicative Long-Term IRs on securities available under the shelf registration have been affirmed with stable outlooks:

The Hartford Insurance Group, Inc.—

• “a” (Excellent) on senior unsecured
• “a-” (Excellent) on senior subordinated
• “bbb+” (Good) on junior subordinated
• “bbb+” (Good) on preferred stock

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260722861076/en/

Robert Valenta, CPCU
Associate Director
+1 908 882 2407
robert.valenta@ambest.com

Carlos Wong-Fupuy
Senior Director
+1 908 882 2438
carlos.wong-fupuy@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Source: A.M. Best Rating Services, Inc.