Mar 31, 2022

The Hartford Q1 2022 Earnings Report

The Hartford reported strong first quarter results driven by profitable growth and expanding margins in Commercial Lines, excellent partnership returns, and lower excess mortality in Group Benefits.

Key Takeaways

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.

Net income available to common stockholders increased by 80% to $440 million ($1.30 per diluted share).

Core earnings increased by 176% to $561 million (core earnings per diluted share of $1.66).

Property & Casualty (P&C) written premiums rose 9%, driven by Commercial Lines premium growth of 12%.

The Hartford returned $530 million to shareholders, including $400 million in share repurchases and $130 million in common stockholder dividends paid.

Total Revenue
$5.39B
Previous year: $5.23B
+3.1%
EPS
$1.66
Previous year: $0.56
+196.4%
Group Benefits Expense Ratio
25.9%
Previous year: 25.3%
+2.4%
Group Benefits Loss ratio
81.9%
Previous year: 84.3%
-2.8%
Gross Profit
$5.39B
Previous year: $5.3B
+1.8%
Cash and Equivalents
$306M
Previous year: $56B
-99.5%
Free Cash Flow
$398M
Previous year: $736M
-45.9%
Total Assets
$75.3B
Previous year: $74.2B
+1.4%

The Hartford

The Hartford

The Hartford Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income