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Sep 30, 2021
The Hartford Q3 2021 Earnings Report
The Hartford announced third quarter 2021 financial results, reporting net income of $476 million and core earnings of $442 million.
Key Takeaways
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.
Net income available to common stockholders increased 5% to $476 million, or $1.36 per diluted share.
Core earnings decreased 16% to $442 million, or $1.26 per diluted share.
Commercial Lines written premiums increased 15% year-over-year.
The company returned $634 million to shareholders through share repurchases and dividends.
The Hartford
The Hartford
The Hartford Revenue by Segment
Revenue by Segment
Commercial Lines Revenue
CapyFin.comPersonal Lines Revenue
CapyFin.comGroup Benefits Revenue
CapyFin.comHartford Funds Revenue
CapyFin.comCorporate Revenue
CapyFin.com Forward Guidance
The Hartford is focused on optimizing returns, generating high recurring cash flow, and actively managing capital to deliver on financial objectives and maximize value creation.
Positive Outlook
- Strong underlying results in P&C.
- Excellent investment returns.
- Commercial Lines delivered double-digit top line growth.
- Renewal written pricing in Commercial Lines, excluding workers’ compensation, was strong.
- The company increased the share repurchase authorization to $3.0 billion through 2022.
Challenges Ahead
- Higher catastrophe losses impacted results.
- Increase in pandemic related excess mortality.
- Underlying Personal Lines loss ratio increased.
- Auto underlying combined ratio increased due to higher frequency and severity.
- Decrease in written premiums in Personal Lines due to non-renewals.
Revenue & Expenses
Visualization of income flow from segment revenue to net income