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HIG-PG

The Hartford Financial Services Group, Inc.

HIG-PG

The Hartford Financial Services Group, Inc. • NYSE
$24.96 ▼ -0.36% (-0.09)
Market Cap $36.18 B
52w High $25.53
52w Low $23.99
Dividend Yield 1.50%
P/E 3.42
Volume 7.48K
Outstanding Shares 1.45B

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

Five-Year Company Overview

Income Statement

Income Statement The Hartford’s income statement shows a business that has been growing and becoming more profitable over the past several years. Revenue has risen steadily, and profits have grown even faster than sales, which suggests better underwriting, more disciplined pricing, and good cost control. Earnings per share have climbed meaningfully over this period, pointing to both stronger operations and active capital management. As an insurer, results can still swing with catastrophe losses and market conditions, but the recent trend has been one of improving scale and margin rather than one‑off spikes.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative for a large insurer. Total assets have inched up over time, funded by a stable level of debt and a sizable equity base. Debt has not grown meaningfully, which helps keep leverage in check. Reported equity dipped a few years ago and has since recovered most of that ground, a pattern that often reflects share buybacks and the impact of interest-rate movements on investment portfolios, not just operating performance. Cash on hand is small, but that is typical for insurers that hold most of their resources in invested assets rather than idle cash. Overall, the company appears comfortably capitalized with no obvious signs of financial strain.

Cash Flow

Cash Flow The Hartford’s cash generation has been strong and consistently improving. Operating cash flow has grown over the years, and free cash flow closely mirrors it because the business requires relatively modest capital spending. That means most of the cash coming in from premiums and investments is available to support claims, strengthen the balance sheet, and fund dividends and buybacks. While insurance cash flows can be volatile in stress scenarios, the recent pattern shows a business that reliably converts its earnings into cash rather than relying on accounting gains.

Competitive Edge

Competitive Edge Competitively, The Hartford holds a well‑entrenched position in key areas of the insurance market. It has a long-standing brand, strong reputation for claims handling, and leadership in small commercial insurance and group benefits, which are attractive, relationship-driven niches. Its product mix is diversified across property and casualty, group benefits, and investment products, helping smooth out shocks in any one line. A wide distribution network—independent agents, brokers, and a major AARP relationship—gives it reach that is difficult for smaller players to replicate. The main ongoing challenge is intense competition from other large insurers and evolving risks such as cyber and climate, which pressure pricing and require constant innovation just to maintain share.

Innovation and R&D

Innovation and R&D The Hartford is clearly leaning into technology rather than treating it as an afterthought. It is using artificial intelligence and data analytics across underwriting and claims, including automated damage assessments and telematics for fleet risk. The “Hartford Next” program and cloud migration are aimed at simplifying operations and lowering costs, while the IoT lab focuses on preventative risk tools, such as sensors and wearables that help clients avoid losses in the first place. The new technology hub in India, plus partnerships with insurtech startups, give it additional capacity to develop tools in areas like cyber, analytics, and digital customer service. The opportunity is to turn these efforts into structurally better loss ratios and expense efficiency; the risk is execution and the fact that competitors are investing aggressively too, so any edge may narrow over time.

Summary

Putting it all together, The Hartford looks like a mature insurer that has been quietly getting stronger. Revenue and profit trends point to better underwriting and disciplined expense management, while cash flows support the view that these results are grounded in real cash, not just accounting. The balance sheet appears robust with stable leverage and ample capital, which is important for both policyholders and capital providers, including preferred shareholders such as HIG‑PG holders who mainly care about credit strength and dividend capacity. Its competitive position is underpinned by brand, scale in small commercial and group benefits, and a broad distribution footprint, and it is actively using technology to reinforce that position. Key uncertainties remain—catastrophe events, pricing cycles, regulatory changes, and the pace of technological change—but the overall picture is of a financially sound, competitively credible insurer that is investing to remain relevant over the long term rather than simply defending the status quo.