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    Hartford Financial Services Group Inc (HIG)

    Financials

    Updated Feb 21, 2025, 10:44 PM UTC
    Income Statement - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Earned Premiums (USD, millions)5,310.005,433.0021,0265,4465,578.005,734.00--
    Fee Income (USD, millions)330.00323.001,300333339.00347.00--
    Net Investment Income (USD, millions)597.00653.002,305593602.00659.00--
    Net Realized Gains (Losses) (USD, millions)(90.00)(27.00)(188)(59.00)(13.00)--
    Other Revenues (USD, millions)21.0018.00841926.0024.00--
    Total Revenues (USD, millions)6,168.006,400.0024,5276,4196,486.00--
    Benefits, Losses and Loss Adjustment Expenses (USD, millions)3,543.003,633.0014,2383,6113,661.003,823.00--
    Amortization of Deferred Policy Acquisition Costs (DAC) (USD, millions)517.00534.002,044545561.00585.00--
    Insurance Operating Costs and Other Expenses (USD, millions)1,226.001,214.004,8811,2831,285.001,323.00--
    Interest Expense (USD, millions)50.0049.001995050.0049.00--
    Amortization of Other Intangible Assets (USD, millions)18.0018.00711817.0018.00--
    Restructuring and Other Costs (USD, millions)1.002.00610.001.00--
    Total Benefits, Losses and Expenses (USD, millions)5,355.005,450.0021,4395,5085,574.005,799.00--
    Income Before Income Taxes (USD, millions)813.00950.003,088911912.00952.00--
    Income Tax Expense (USD, millions)162.00179.00584158174.00185.00--
    Net Income (USD, millions)651.00753738.00767.00--
    Preferred Stock Dividends (USD, millions)6.005.002155.006.00--
    Net Income Available to Common Stockholders (USD, millions)645.00766.002,483748733.00761.00--
    Balance Sheet - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Fixed Maturities, AFS, at Fair Value (USD, millions)37,96239,81839,81840,84040,81442,793--
    Fixed Maturities, at Fair Value using FVO Securities (USD, millions)332327327292272263--
    Equity Securities, at Fair Value (USD, millions)878864864736591634--
    Mortgage Loans (net of ACL) (USD, millions)6,0166,0876,0876,1976,3576,415--
    Limited Partnerships and Other Alternative Investments (USD, millions)4,6644,7854,7854,8664,9055,019--
    Other Investments (USD, millions)168191191201250262--
    Short-term Investments (USD, millions)3,3003,8503,8502,9753,7013,964--
    Total Investments (USD, millions)53,32055,92255,92256,10756,89059,350--
    Cash (USD, millions)111126126154223--
    Restricted Cash (USD, millions)706363485658--
    Accrued Investment Income (USD, millions)-404404415429445--
    Premiums Receivable and Agents' Balances (net of ACL) (USD, millions)5,5355,6075,6075,9886,3356,151--
    Reinsurance Recoverables (net of allowance for uncollectible reinsurance) (USD, millions)6,9637,1047,1047,0947,0597,052--
    Deferred Policy Acquisition Costs (USD, millions)1,1241,1131,1131,1691,2451,270--
    Deferred Income Taxes, Net (USD, millions)1,4861,1731,1731,1821,234976--
    Goodwill (USD, millions)1,9111,9111,9111,9111,9111,911--
    Property and Equipment, Net (USD, millions)894896896879878871--
    Other Intangible Assets, Net (USD, millions)725707707690672654--
    Other Assets (USD, millions)2,3771,7541,7541,9532,1832,258--
    Total Assets (USD, millions)74,51676,78076,78077,71079,046--
    Unpaid Losses and Loss Adjustment Expenses (USD, millions)41,68642,31842,31842,77143,32343,881--
    Reserve for Future Policy Benefits (USD, millions)463484484479464470--
    Other Policyholder Funds and Benefits Payable (USD, millions)645638638633622613--
    Unearned Premiums (USD, millions)8,6808,5998,5999,0209,5219,599--
    Long-term Debt (USD, millions)4,3614,3624,3624,3634,3644,365--
    Other Liabilities (USD, millions)5,0025,0525,0524,9765,0725,283--
    Total Liabilities (USD, millions)60,83761,45361,45362,24263,36664,211--
    Preferred Stock (USD, millions)334334334334334334--
    Common Stock (USD, millions)333333--
    Additional Paid-in Capital (USD, millions)1,869648551558564--
    Retained Earnings (USD, millions)18,38219,00719,00719,61420,20920,834--
    Treasury Stock, at Cost (USD, millions)(2,731)(1,816)(1,816)(2,037)(2,356)(2,722)--
    Accumulated Other Comprehensive Income (Loss), Net of Tax (USD, millions)(4,178)(2,849)(2,849)(2,997)(3,068)(2,005)--
    Total Stockholders’ Equity (USD, millions)13,67915,32715,32715,46815,68017,008--
    Total Liabilities and Stockholders’ Equity (USD, millions)74,51676,78076,78077,71079,04681,219--
    Cash Flow - MetricFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net Income (USD, millions)651.00771.002,504753738.00767.00--
    Net Realized Losses (USD, millions)90.0027.00188(28)59.0013.00--
    Amortization of Deferred Policy Acquisition Costs (USD, millions)517.00534.002,044545561.00585.00--
    Additions to Deferred Policy Acquisition Costs (USD, millions)(545.00)(523.00)(2,159)(601)(637.00)(610.00)--
    Depreciation and Amortization (USD, millions)128.00124.0051012760.0085.00--
    Other Operating Activities, Net (USD, millions)19.0047.0021311979.0039.00--
    Decrease (Increase) in Reinsurance Recoverables (USD, millions)(52.00)(145.00)(155)1126.00(1.00)--
    Net Change in Accrued and Deferred Income Taxes (USD, millions)176.0044.00(29)102(257.00)(24.00)--
    Increase in Insurance Liabilities (USD, millions)547.00541.001,8198701,037.00621.00--
    Net Change in Premiums Receivable and Agents' Balances (USD, millions)30.00(78.00)(708)(396)(365.00)167.00--
    Net Change in Other Assets and Other Liabilities (USD, millions)210.00285.00(7)(405)(41.00)36.00--
    Net Cash Provided by Operating Activities (USD, millions)1,771.004,2201,678.00--
    Proceeds from the Sale/Maturity/Prepayment of: Fixed Maturities, AFS (USD, millions)1,401.001,898.006,8061,5483,603.002,834.00--
    Proceeds from the Sale/Maturity/Prepayment of: Fixed Maturities, at Fair Value Using the Fair Value Option (USD, millions)0.001.002--0.00--
    Proceeds from the Sale/Maturity/Prepayment of: Equity Securities, at Fair Value (USD, millions)37.00280.002,173176128.004.00--
    Proceeds from the Sale/Maturity/Prepayment of: Mortgage Loans (USD, millions)296.00178.001,036165246.0033.00--
    Proceeds from the Sale/Maturity/Prepayment of: Limited Partnership and Other Alternative Investments (USD, millions)83.0065.002953269.0035.00--
    Payments for the Purchase of: Fixed Maturities, AFS (USD, millions)(2,479.00)(2,185.00)(9,105)(2,752)(3,746.00)(3,464.00)--
    Payments for the Purchase of: Fixed Maturities, at Fair Value Using the Fair Value Option (USD, millions)--------
    Payments for the Purchase of: Equity Securities, at Fair Value (USD, millions)(35.00)(232.00)(1,183)(5)(4.00)(2.00)--
    Payments for the Purchase of: Mortgage Loans (USD, millions)(296.00)(172.00)(1,055)(268)(401.00)(89.00)--
    Payments for the Purchase of: Limited Partnership and Other Alternative Investments (USD, millions)(202.00)(219.00)(966)(156)(158.00)(161.00)--
    Net Proceeds from (Payments for) Derivatives (USD, millions)(96.00)4.00(129)--46.00--
    Net Additions of Property and Equipment (USD, millions)(52.00)(64.00)(215)(60.00)--
    Net Proceeds from (Payments for) Short-Term Investments (USD, millions)26.00(709.00)(69)875(617.00)(238.00)--
    Other Investing Activities, Net (USD, millions)(2.00)(10.00)(21)--(27.00)--
    Net Cash Used for Investing Activities (USD, millions)(1,319.00)(1,165.00)(2,431)(435)(888.00)(1,089.00)--
    Deposits and Other Additions to Investment and Universal Life-Type Contracts (USD, millions)27.0021.00963727.0022.00--
    Withdrawals and Other Deductions from Investment and Universal Life-Type Contracts (USD, millions)(29.00)(22.00)(100)(43)(30.00)(23.00)--
    Net Issuance (Return) of Shares Under Incentive and Stock Compensation Plans (USD, millions)0.0031.006(27)18.0025.00--
    Treasury Stock Acquired (USD, millions)(350.00)(350.00)(1,400)(350)(350.00)(400.00)--
    Dividends Paid on Preferred Stock (USD, millions)(6.00)(5.00)(21)(5)(5.00)(6.00)--
    Dividends Paid on Common Stock (USD, millions)(131.00)(129.00)(528)(141)(140.00)(138.00)--
    Net Cash Used for Financing Activities (USD, millions)(489.00)(454.00)(1,947)(529)(480.00)(520.00)--
    Foreign Exchange Rate Effect on Cash (USD, millions)(4.00)0.003--2.00--
    Net Increase (Decrease) in Cash and Restricted Cash (USD, millions)(41.00)8.00(155)133(112.00)71.00--
    Income Tax Paid (USD, millions)12.00140.006222455.00206.00--
    Interest Paid (USD, millions)52.0054.002095254.0062.00--
    Cash and Restricted Cash – Beginning of Period (USD, millions)344344344189189189--
    Cash and Restricted Cash – End of Period (USD, millions)181189189322210281--
    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Commercial Lines2,9623,04811,6823,0593,1323,2603,31312,764
    - Workers' Compensation919-3,6709179269339153,691
    - Liability522-1,9775265405755772,218
    - Marine67-25667677173278
    - Package Business534-2,0765495725936172,331
    - Property250-1,0532903063253371,258
    - Professional Liability198-787203200209212824
    - Bond82-32178808287327
    - Assumed Reinsurance156-615181180194203758
    - Automobile546-2,156572598621-7121,079
    Personal Lines7918123,1178218578939153,486
    - Homeowners245-9612492592722811,061
    Group Benefits1,6291,6476,5151,6391,6651,6551,6566,615
    - Group Disability884-3,5308908958899023,576
    - Group Life643-2,583645663659652,617
    - Other102-402104107107104422
    Hartford Funds248249732502532632691,035
    - Mutual Fund and ETF229-90023123524425960
    - Third-party Life & Annuity19-731918191975
    Corporate10939101010-282
    Net Investment Income597--5936026597142,568
    Net Realized Gains (Losses)(90)--28-59-13-17-61
    Other Revenues21--192624--
    Total Revenue6,1686,424,5276,4196,4866,7516,87926,535
    Revenue by Geography - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    United States of America--------
    Japan--------
    Other--------
    Total Revenue--24,5276,419----
    KPIs - Metric (Unit, Scale)FY 2013Q1 2014Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Group Disability Loss Ratio (Excluding Buyouts) (percentage)67.3%-67.1%70.1%67.1%67.9%--
    Group Disability Loss Ratio (Excluding Buyouts) (%)--------
    Group Life Loss Ratio (Excluding Buyouts) (percentage)80.2%-83.5%82.6%74.9%77.5%--
    Group Life Loss Ratio (Excluding Buyouts) (%)--------
    Total Loss Ratio (Excluding Buyouts) (%)70.2-71.873.568.970.2--
    Expense Ratio (Group Benefits Excluding Buyouts) (percentage)24.0%-24.3%25.4%24.4%25.3%--
    Expense Ratio (Group Benefits Excluding Buyouts) (%)--------
    Core Earnings Margin (Group Benefits) (%)9.8--6.110.08.7--
    Commercial Lines Current Accident Year Loss and LAE Ratio Before Catastrophes (percentage)56.6-56.556.656.157.3--
    Commercial Lines Current Accident Year Loss and LAE Ratio Before Catastrophes (%)--------
    Commercial Lines Current Accident Year Catastrophe Loss and LAE Ratio (percentage)--------
    Commercial Lines Prior Accident Year Development Ratio (%)-1.2--1.9-----
    Commercial Lines Prior Accident Year Development (pts)--------
    Commercial Lines Prior Accident Year Development (USD, millions)--------
    Commercial Lines Total Loss and LAE Ratio (%)83.7-82.258.358.476.8--
    Total Loss and LAE Ratio (percentage)--------
    Commercial Lines Expense Ratio (%, %)24.2-31.031.531.130.9--
    Expense Ratio (%, percentage)--------
    Commercial Lines Expense Ratio (%)--------
    Commercial Lines Policyholder Dividend Ratio (%)0.5-0.30.30.30.3--
    Combined Ratio (percentage)107.9-107.590.1107.4102.5--
    Underlying Combined Ratio (percentage)99.0-99.388.496.793.7--
    Commercial Lines Combined Ratio (%)--------
    Commercial Lines Underlying Combined Ratio (%)87.8-87.888.487.488.6--
    Personal Lines Current Accident Year Loss and LAE Ratio Before Catastrophes (percentage)74.7-74.170.770.368.0--
    Personal Lines Current Accident Year Catastrophe Loss and LAE Ratio (percentage)8.8-7.86.410.610.4--
    Prior Accident Year Development (USD, millions)1-11(7)(41)(14)--
    Personal Lines Prior Accident Year Development Ratio (percentage)--------
    Personal Lines Total Loss and LAE Ratio (%)83.7-82.276.381.076.8--
    Personal Lines Total Loss and LAE Ratio (percentage)--------
    Personal Lines Expense Ratio (percentage)--------
    Personal Lines Combined Ratio (%)--------
    Automobile Combined Ratio (%)--------
    Homeowners Combined Ratio (%)--------
    Personal Lines Underlying Combined Ratio (%)99.0-87.888.487.493.7--
    Personal Lines Underlying Combined Ratio (percentage)--------
    Net New Business Premium for Automobile (USD, millions)61--728283--
    Net New Business Premium for Automobile (Personal Lines) (USD millions)--------
    Net New Business Premium for Homeowners (USD millions)25--344760--
    Net New Business Premium for Homeowners (Personal Lines) (USD millions)--------
    Policy Count Retention for Automobile (Personal Lines) (%)85%-85%84%83%81%--
    Policy Count Retention for Automobile (Personal Lines) (percentage)--------
    Policy Count Retention for Homeowners (Personal Lines) (percentage)84%-84%84%84%83%--
    Policy Count Retention for Homeowners (percentage)--------
    Effective Policy Count Retention for Automobile (Personal Lines) (percentage)84-84-----
    Effective Policy Count Retention for Homeowners (Personal Lines) (percentage)--DecreasedDecreasedDecreasedStable--
    Effective Policy Count Retention for Homeowners (percentage)--------
    Renewal Written Price Increase for Automobile (Personal Lines) (percentage)19.7%-16.3%25.7%23.5%20.8%--
    Renewal Written Price Increase for Homeowners (Personal Lines) (percentage)14.1%-14.2%15.2%14.9%15.2%--
    Renewal Earned Price Increase for Automobile (Personal Lines) (percentage)11.7-10.519.122.122.7--
    Renewal Earned Price Increase for Homeowners (Personal Lines) (percentage)13.7%-12.9%14.4%14.6%14.8%--
    Renewal Earned Price Increase for Homeowners (percentage)--------
    Daily Average Hartford Funds AUM (USD millions)128,786-127,019131,648134,064137,888--
    Mutual Fund and ETF Assets Under Management (USD millions)112,182-119,316123,559123,686130,366--
    Mutual Fund and ETF Assets Under Management - Beginning of Period (USD, millions)--------
    Mutual Fund and ETF Assets Under Management - End of Period (USD, millions)--------
    Net Flows - Mutual Fund and ETF (USD, millions)--------
    Change in Market Value and Other (USD, millions)--------
    Third-Party Life and Annuity Separate Account AUM (USD millions)11,011-11,70912,08311,83212,073--
    Total Hartford Funds AUM123,193-131,025135,642135,518142,439--
    Total Hartford Funds AUM (USD millions)--------
    Hartford Funds ROA (basis points annualized)12.7-13.713.713.115.7--
    Hartford Funds ROA, core earnings (basis points annualized)--------
    Hartford Funds ROA (Core Earnings) (basis points annualized)14.0-13.012.512.813.6--
    Hartford Funds ROA (Core Earnings) (bps annualized)--------