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HIG

The Hartford Financial Services Group, Inc.

HIG

The Hartford Financial Services Group, Inc. • NYSE
$137.03 ▼ -0.26% (-0.36)
Market Cap $38.18 B
52w High $138.64
52w Low $104.93
Dividend Yield 2.40%
P/E 11.21
Volume 606.43K
Outstanding Shares 278.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.147B ▲ $-17M ▼ $1.08B ▲ 15.111% ▲ $3.82 ▲ $1.443B ▲
Q2-2025 $6.987B ▲ $50M ▲ $995M ▲ 14.241% ▲ $3.49 ▲ $1.34B ▲
Q1-2025 $6.771B ▼ $29M ▲ $630M ▼ 9.304% ▼ $2.18 ▼ $875M ▼
Q4-2024 $6.8B ▲ $-11M ▼ $853M ▲ 12.544% ▲ $2.93 ▲ $1.158B ▲
Q3-2024 $6.714B $31M $767M 11.424% $2.6 $1.037B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.369B ▲ $84.995B ▲ $66.545B ▲ $18.45B ▲
Q2-2025 $3.815B ▲ $83.639B ▲ $66.121B ▲ $17.518B ▲
Q1-2025 $3.504B ▼ $82.307B ▲ $65.463B ▲ $16.844B ▲
Q4-2024 $4.251B ▲ $80.917B ▼ $64.47B ▲ $16.447B ▼
Q3-2024 $4.187B $81.219B $64.211B $17.008B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.08B ▲ $1.838B ▲ $-1.315B ▼ $-544M ▼ $-13M ▼ $1.793B ▲
Q2-2025 $995M ▲ $1.291B ▲ $-743M ▼ $-543M ▲ $3M ▲ $1.251B ▲
Q1-2025 $630M ▼ $985M ▼ $-401M ▲ $-608M ▼ $-18M ▲ $947M ▼
Q4-2024 $853M ▲ $1.874B ▲ $-1.356B ▼ $-547M ▼ $-47M ▼ $1.9B ▲
Q3-2024 $767M $1.678B $-1.089B $-520M $71M $1.618B

Revenue by Products

Product Q4-2013Q1-2014Q2-2014Q4-2022
Property Liability and Casualty Insurance Product Line
Property Liability and Casualty Insurance Product Line
 $0 ▲$0 ▲$0 ▲$230.00M ▲
Automobiles Commercial
Automobiles Commercial
 $790.00M ▲$780.00M ▼$800.00M ▲$0 ▼
Group Disability
Group Disability
 $370.00M ▲$370.00M ▲$360.00M ▼$0 ▼
Group Life and Accident
Group Life and Accident
 $1.30Bn ▲$1.23Bn ▼$1.19Bn ▼$0 ▼
Homeowners
Homeowners
 $290.00M ▲$290.00M ▲$300.00M ▲$0 ▼
Liability
Liability
 $140.00M ▲$140.00M ▲$150.00M ▲$0 ▼
Mutual Funds
Mutual Funds
 $170.00M ▲$170.00M ▲$180.00M ▲$0 ▼
Package Business
Package Business
 $290.00M ▲$280.00M ▼$290.00M ▲$0 ▼
Professional Liability
Professional Liability
 $50.00M ▲$50.00M ▲$60.00M ▲$0 ▼
Property
Property
 $140.00M ▲$140.00M ▲$140.00M ▲$0 ▼
Workers Compensation
Workers Compensation
 $750.00M ▲$730.00M ▼$730.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement The Hartford’s income statement over the past several years shows a clear pattern of growth and improving profitability. Revenue has climbed steadily, and profits have grown faster than sales, which suggests better underwriting discipline, more effective pricing, and tighter cost control. Earnings per share have moved higher in a consistent way, with only modest bumps along the way, a good sign of operational execution. As an insurer, Hartford’s results will always be influenced by catastrophe losses, claim severity, and investment returns, so recent strong profit levels may not be perfectly smooth over time. Still, the trend points to a business that has been strengthening its core operations rather than relying only on favorable market conditions.

Balance Sheet

Balance Sheet Hartford’s balance sheet looks generally solid and stable. Total assets have inched up over time, and debt levels have stayed fairly steady, indicating no obvious signs of aggressive borrowing. Equity dipped a few years ago and has since recovered most of that ground, which could reflect market swings in its investment portfolio, share repurchases, or changes in reserves. The company holds relatively little in plain cash because, like most insurers, it invests primarily in bonds and other securities instead of letting money sit idle. Overall, the balance sheet suggests a conservatively financed insurer with a meaningful capital cushion, though it still faces the usual insurance-specific sensitivities to interest rates, investment values, and reserve adequacy.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been consistently healthy and has grown over time, even during more stressful periods. Free cash flow is very close to operating cash flow because the business does not require heavy spending on physical assets, which is typical for a service- and risk-based model like insurance. This strong, steady cash flow gives Hartford flexibility: it can comfortably fund operations, invest in technology and new products, and still have room for capital management choices. The key risk is that large unexpected losses or weaker investment income could reduce this cash flow, but the track record suggests a resilient underlying engine.

Competitive Edge

Competitive Edge Hartford enjoys a well-established competitive position built on brand, scale, and specialization. Its long history and reputation for reliability matter in insurance, where customers and brokers care deeply about trust and financial strength. The company is meaningfully diversified across property and casualty, group benefits, and investment products, which helps smooth results when one line has a tougher year. Hartford appears particularly strong in serving small and mid-sized businesses, where underwriting expertise and tailored coverage can stand out. Its scale allows it to spread fixed costs, invest in technology, and still compete on price. The flip side is that the company operates in a crowded market with many large, well-funded rivals and emerging insurtech players, so maintaining this edge requires constant improvement rather than complacency.

Innovation and R&D

Innovation and R&D Innovation is a notable bright spot. Through its “Hartford Next” program, the company is pushing hard into digital tools, data analytics, and cloud-based systems. It is using artificial intelligence and machine learning to automate routine work, route customer requests more intelligently, and speed up claims handling. These efforts are aimed at lowering costs and improving the customer experience at the same time. Hartford also leans on partnerships with insurtech firms and innovation hubs, which gives it access to new capabilities such as photo-based damage assessment and telematics-driven risk insights. It is experimenting with new products for emerging risks like cyber and adapting its benefits offerings to changing workforce needs. The main risk is execution: these investments must be integrated smoothly into day-to-day operations to translate into lasting advantages rather than just higher expenses.

Summary

Overall, The Hartford looks like a mature insurer that has managed to grow steadily while also modernizing its business. Revenues and profits have trended upward, margins have improved, and cash flow has been both strong and dependable. The balance sheet appears disciplined, without signs of excessive leverage, and the company benefits from a broad product set and a trusted brand. At the same time, it operates in a cyclical, highly competitive industry that is exposed to catastrophes, evolving risks like cyber and climate, and shifting interest rates. Its future performance will depend heavily on whether it can keep underwriting prudently, price risk correctly, and successfully execute its digital and innovation agenda. The recent track record suggests meaningful progress on all three, but the usual insurance uncertainties remain an important consideration.

NEWS

October 27, 2025 · 4:05 PM UTC

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