Hartford to sell Hartford Funds to Wellington for estimated NPV of $1.9B

HARTFORD INSURANCE GROUP, INC.

Wellington acquires Hartford Funds with $300M cash upfront plus ongoing payments; estimated NPV of $1.9B at 11% discount rate.
Transaction expected to close Q1 2027, subject to regulatory and fund approvals.
Hartford Funds reported as discontinued ops from Q2 2026; results excluded from core earnings.
Hartford expects $250M deferred tax asset, $55M transaction costs (after-tax), and $170M pre-closing dividend.
At closing, an estimated after-tax realized loss of ~$150M on GAAP carrying value vs. upfront cash.

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