filings.toolsItem 1A. Risk Factors
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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, 2024, (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.
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer
Repurchases of common stock by the Company during the quarter ended March 31, 2025 are set forth below. During the period from April 1, 2025 to April 23, 2025, the Company repurchased 1.1 million common shares for $124.
| Repurchases of Common Stock by the Issuer for the Three Months Ended March 31, 2025 | ||||||||||||||
| Period | Total Number of Shares Purchased [1] | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs [2] | ||||||||||
| (in millions) | ||||||||||||||
| January 1, 2025 - January 31, 2025 | 1,376,496 | $ | 111.69 | 1,370,781 | $ | 2,996 | ||||||||
| February 1, 2025 - February 28, 2025 | 1,681,035 | $ | 113.62 | 1,111,106 | $ | 2,871 | ||||||||
| March 1, 2025 - March 31, 2025 | 1,049,064 | $ | 120.40 | 1,032,782 | $ | 2,748 | ||||||||
| Total | 4,106,595 | $ | 114.70 | 3,514,669 | ||||||||||
[1]Includes 591,926 shares in net settlement of employee tax withholding obligations related to equity awards under the Company's incentive stock plans, which were not part of publicly announced share repurchase authorizations. The Company paid an average price per share of $113.26 in employee tax withholding obligations related to net share settlements in the three months ended March 31, 2025.
[2]On July 25, 2024, the Board of Directors approved a share repurchase authorization for up to $3.3 billion effective from August 1, 2024 to December 31, 2026. The timing of any repurchases is dependent on 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.
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Part II - Item 5. Other Information
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