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Sep 30, 2023
The Hartford Q3 2023 Earnings Report
The Hartford reported strong financial performance driven by exceptional results in Commercial Lines and Group Benefits businesses, along with a strong investment contribution.
Key Takeaways
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.
Net income available to common stockholders increased 93% to $645 million, or $2.09 per diluted share.
Core earnings increased 50% to $708 million, or $2.29 per diluted share.
Property & Casualty written premiums rose 8%, driven by both Commercial Lines and Personal Lines.
Group Benefits fully insured ongoing premium growth of 8%.
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.com Forward Guidance
The Hartford is confident in its ability to consistently deliver core earnings ROEs in the 14 to 15 percent range.
Positive Outlook
- Strong competitive position
- Successfully executing on priorities
- Delivering superior returns for shareholders
- Excellent results driven by 8 percent growth in fully insured ongoing premiums
- Attractive new money yields
Revenue & Expenses
Visualization of income flow from segment revenue to net income