The Hartford Earnings Reports

The Hartford announced strong Q4 and full-year 2024 results, with net income available to common stockholders increasing by 11% in Q4 and 24% for the full year. The company's performance was driven by sustained momentum in Commercial Lines, significant progress in Personal Lines, continued strong margins in Group Benefits, and a higher investment portfolio yield.

The Hartford reported a strong third quarter in 2024, with net income available to common stockholders increasing by 18% to $761 million, or $2.56 per diluted share. Core earnings also rose by 6% to $752 million, or $2.53 per diluted share. The company benefited from growth in written premiums, higher net investment income, and improvements in the P&C current accident year loss ratio. The company returned $538 million to stockholders through share repurchases and dividends and increased the quarterly common dividend per share by 11%.

The Hartford reported outstanding second-quarter 2024 financial results, with a 35% increase in net income available to common stockholders, reaching $733 million, and a 28% increase in core earnings, totaling $750 million. The company's performance was driven by strong growth in P&C written premiums, an improved combined ratio in Commercial Lines, and a stellar core earnings margin in Group Benefits. A new $3.3 billion share repurchase program was authorized, effective from August 1, 2024, through the end of 2026.

The Hartford announced excellent first quarter 2024 financial results, with a net income of $748 million, or $2.47 per diluted share, a 41% increase from Q1 2023. Core earnings were $709 million, or $2.34 per diluted share, up 32% from the same period last year. The company's Commercial Lines continues to generate strong top-line growth, Personal Lines results are improving, and Group Benefits margins remained solid.

The Hartford announced strong Q4 and full year 2023 results, with net income available to common stockholders increasing by 30% to $766 million ($2.51 per diluted share) compared to Q4 2022. Core earnings also rose by 25% to $935 million ($3.06 core earnings per diluted share). The company's performance was driven by exceptional underwriting in Commercial Lines, record core earnings from Group Benefits, and solid investment portfolio performance.

The Hartford announced strong Q3 2023 financial results, with net income available to common stockholders increasing by 93% to $645 million, or $2.09 per diluted share. Core earnings also rose by 50% to $708 million, or $2.29 per diluted share. The company's performance was driven by strong results in Commercial Lines and Group Benefits, as well as a solid contribution from investments. The Hartford returned $481 million to stockholders through share repurchases and dividends.

The Hartford announced second quarter 2023 financial results, with net income available to common stockholders of $542 million, or $1.73 per diluted share, a 23% increase from the same period in 2022. Core earnings were $588 million, or $1.88 per diluted share. The company returned $484 million to stockholders through share repurchases and dividends.

The Hartford reported a net income of $530 million for Q1 2023, a 21% increase compared to Q1 2022. Core earnings were $536 million. The company experienced growth in Property & Casualty (P&C) written premiums and Group Benefits fully insured ongoing premiums. The results were impacted by higher catastrophe losses in the P&C segment.

The Hartford's Q4 2022 results showed a net income available to common stockholders of $584 million, or $1.81 per diluted share. Core earnings were $746 million, or $2.31 per diluted share, up 7% from the prior year. The company returned $473 million to stockholders in the quarter.

The Hartford reported a net income of $333 million for Q3 2022, a decrease compared to $476 million in Q3 2021. Core earnings increased to $471 million from $442 million in the same period last year. The company returned $476 million to stockholders in the quarter and increased the quarterly common dividend per share by 10%.

The Hartford reported a decrease in net income available to common stockholders to $437 million, or $1.32 per diluted share, compared to $900 million in the same quarter of the previous year. Core earnings also decreased to $714 million, or $2.15 per diluted share, from $836 million in the prior year. Despite the decline in net income, the company saw growth in P&C written premiums and highlighted a strong core earnings ROE of 14.0%. The Board of Directors authorized a new $3.0 billion share repurchase program.

The Hartford announced first quarter 2022 financial results, with net income available to common stockholders of $440 million ($1.30 per diluted share), an 80% increase from Q1 2021. Core earnings were $561 million ($1.66 per diluted share), up 176% from the prior year quarter. The results were driven by profitable growth in Commercial Lines, strong partnership returns, and lower excess mortality in Group Benefits.

The Hartford reported a net income available to common stockholders of $724 million, or $2.10 per diluted share, and core earnings of $697 million, or $2.02 per diluted share, for the fourth quarter of 2021. The company's P&C net premiums written rose 11%, driven by Commercial Lines premium growth of 14%.

The Hartford reported a 5% increase in net income available to common stockholders, reaching $476 million ($1.36 per diluted share) for Q3 2021. Core earnings were $442 million ($1.26 per diluted share), down 16% from Q3 2020. The company returned $634 million to shareholders through share repurchases and dividends.

The Hartford reported a strong second quarter in 2021, with net income available to common stockholders of $900 million, a 94% increase from Q2 2020. Core earnings were $836 million, up 91% year-over-year. The company benefited from increased net investment income, improved underwriting gains in Commercial Lines, and a lower expense ratio from the Hartford Next cost transformation program.

The Hartford's Q1 2021 net income was $244 million, or $0.67 per diluted share, while core earnings were $203 million, or $0.56 per diluted share. Results were impacted by a $650 million settlement with the Boy Scouts of America, $214 million in catastrophe losses, and $185 million in COVID-19 related excess mortality losses. The company is increasing its share repurchase authorization to $2.5 billion and expects to achieve a return on equity of 13-14% in 2022 and 2023.

The Hartford reported strong core earnings of $2.1 billion, or $5.78 per diluted share, and a twelve-month core earnings ROE of 12.7 percent. The P&C business saw underlying margin expansion reflecting higher pricing, disciplined underwriting, and operating efficiencies. Group Benefits results were impacted by higher mortality rates in Group life primarily related to COVID-19.

The Hartford reported a net income of $453 million, or $1.26 per diluted share, a 14% decrease from Q3 2019. Core earnings were $527 million, or $1.46 per diluted share, a 4% decrease from Q3 2019. The results reflect improving underlying margins offset by challenges from the global pandemic and catastrophe losses.

The Hartford reported a 24% increase in net income available to common stockholders, reaching $463 million, or $1.29 per diluted share, compared to Q2 2019. However, core earnings declined by 10% to $438 million, or $1.22 per diluted share, primarily due to COVID-19 incurred losses and lower investment income.

The Hartford reported a strong fourth quarter in 2019, with net income available to common stockholders increasing by 186% compared to the fourth quarter of 2018. Core earnings also rose significantly, driven by improved underwriting results in P&C, a lower group disability loss ratio in Group Benefits, and higher net investment income.