The Hartford (HIG) official guidance

Consistent with the smaller end of Employee Benefits, we expect loss ratios for this business to be lower than our existing book, though offset by a higher expense ratio due in part to approximately $30 million of annual intangible asset amortization.

but we're not expecting sort of another year of elevated frequency in 2027 as we sit here today.

Excluding the amortization, we expect the core earnings impact of the acquisition to be modestly dilutive in 2027 and to improve each year as the business integrates and scales.

One, obviously we got to integrate, and we are going to spend some money on integrating probably in the $30 million-ish range, maybe $40 million.

As a result of the transactions described in Item 1.02 above, for the three and nine months ended September 30, 2026, The Hartford expects to recognize a before tax net gain of $497 million, an increase in net income of $393 million, and no impact on core earnings.

As a result of the transactions described in Item 1.02 above, for the three and nine months ended September 30, 2026, The Hartford expects to recognize a before tax net gain of $497 million, an increase in net income of $393 million, and no impact on core earnings.

As a result of the transactions described in Item 1.02 above, for the three and nine months ended September 30, 2026, The Hartford expects to recognize a before tax net gain of $497 million, an increase in net income of $393 million, and no impact on core earnings.

For full year 2026, given the current market conditions, we continue to expect net investment income to increase, supported by growth in invested assets with overall portfolio yields expected to remain broadly in line with 2025.

For full year 2026, given the current market conditions, we continue to expect net investment income to increase, supported by growth in invested assets with overall portfolio yields expected to remain broadly in line with 2025.

As I said Greg, we're holding in that mid-single digit range as far as price increases, which again, we think is keeping up with trend. We're probably not going to grow at the rate that we thought when we started the year, but I still think we can grow our overall property book in the mid-single digits through the end of the year.

We expect to increase our quarterly repurchases to $475 million through the remainder of 2026.

Again, second, just adding on the rate increases we've been putting in place in paid family leave, double-digit again this year, and we're maintaining persistency in the upper 80% range.

Again, second, just adding on the rate increases we've been putting in place in paid family leave, double-digit again this year, and we're maintaining persistency in the upper 80% range.

During the quarter, we repurchased 3.3 million shares under our share repurchase program for $450 million, and we expect to remain at that level of repurchases in the second quarter.

What I would say, David, is we closed 2025 with a little over $3.3 billion in property premium. We think we can grow that 10% this year, again, with good margins, good returns.

But when I would put it all together, you know, I would say in the business insurance, I mean, I could see it getting below 30% over the next two years or by the end of 2027.

We're taking a lot of data sets and applications in employee benefits to the cloud. So, you know, I could see them getting into the 25-point range in two years.

I think our personal insurance expense ratio can get to below 25%, and again, that same time period.

For 2026, we expect net dividends from the operating companies of approximately $2.9 billion, a 16% increase over 2025.

In 2026, we expect to grow policy counts for both auto and home in the agency channel.