Sep 30, 2022

The Hartford Q3 2022 Earnings Report

The Hartford's financial performance remained strong, driven by growth in Commercial Lines and Group Benefits, offsetting Hurricane Ian's impact.

Key Takeaways

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%.

Net income available to common stockholders was $333 million, or $1.02 per diluted share.

Core earnings were $471 million, or $1.44 per diluted share.

P&C written premiums rose 9%, driven by Commercial Lines premium growth of 10%.

Returned $476 million to stockholders, including $350 million of shares repurchased.

Total Revenue
$5.58B
Previous year: $5.69B
-1.9%
EPS
$1.44
Previous year: $1.26
+14.3%
Group Benefits Expense Ratio
25.4%
Previous year: 25.2%
+0.8%
Group Benefits Loss ratio
72.8%
Previous year: 84.7%
-14.0%
Gross Profit
$5.58B
Previous year: $5.69B
-1.9%
Cash and Equivalents
$50.7B
Previous year: $397M
+12670.8%
Free Cash Flow
$1.48B
Previous year: $1.25B
+18.4%
Total Assets
$71.8B
Previous year: $76.3B
-5.9%

The Hartford

The Hartford

The Hartford Revenue by Segment

Forward Guidance

The Hartford did not provide specific forward guidance in the provided text. The focus remains on underwriting excellence and delivering consistent returns.

Revenue & Expenses

Visualization of income flow from segment revenue to net income