The Hartford Q2 2021 Earnings Report
Key Takeaways
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.
Net income available to common stockholders increased by 94% to $900 million, or $2.51 per diluted share.
Core earnings rose by 91% to $836 million, or $2.33 per diluted share.
Net investment income increased by 71% to $581 million, driven by strong returns on limited partnerships and alternative investments.
Commercial Lines written premiums increased by 15% to $2.5 billion, with improvements in the combined ratio and underlying combined ratio.
The Hartford
The Hartford
The Hartford Revenue by Segment
Forward Guidance
The Hartford continues to expect full year pre-tax savings of approximately $540 million in 2022 and $625 million in 2023 from Hartford Next.
Revenue & Expenses
Visualization of income flow from segment revenue to net income