Item 1A. RISK FACTORS

RISK FACTORS

Investing in The Hartford involves risk. In deciding whether to invest in The Hartford, you should carefully consider the risk factors disclosed in Item 1A of Part I of the Company's Annual Report on Form 10-K for the year ended December 31, 2020, (collectively the "Company's Risk Factors" or individually, the "Company's Risk Factor"), which is incorporated herein by

reference, any of which could have a significant or material adverse effect on the business, financial condition, operating results or liquidity of The Hartford. This information should be considered carefully together with the other information contained in this report and the other reports and materials filed by The Hartford with the SEC.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

PURCHASES OF EQUITY SECURITIES BY THE ISSUER

The most recent share repurchase authorization, effective until December 31, 2022, was approved in December 2020, was increased by the Board of Directors from $1.5 billion to $2.5 billion in April 2021 and then increased further to $3.0 billion in

October 2021. During the period from October 1, 2021 to October 27, 2021, the Company repurchased 1.5 million shares for $108. The timing of any repurchase of shares under the remaining equity repurchase authorization is dependent upon several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.

[1] This column reflects the $2.5 billion share repurchase authorization as of September 30, 2021. In October 2021, the Board increased this authorization to $3.0 billion. As a result of the increase, the Company had approximately $1.7 billion remaining under its share repurchase authorization as of October 27, 2021.