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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%.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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