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Dec 31, 2019
The Hartford Q4 2019 Earnings Report
Announced financial results for the fourth quarter and year ended December 31, 2019.
Key Takeaways
The Hartford reported a strong fourth quarter in 2019, with net income available to common stockholders increasing by 186% compared to the fourth quarter of 2018. Core earnings also rose significantly, driven by improved underwriting results in P&C, a lower group disability loss ratio in Group Benefits, and higher net investment income.
Net income available to common stockholders increased 186% compared to Q4 2018.
Core earnings rose 84% from fourth quarter 2018.
P&C underwriting income improved due to lower catastrophe losses.
Group Benefits results were exceptional with continued margin improvement.
Net investment income was higher than fourth quarter 2018 by 10%.
Revenue by Segment
Forward Guidance
The Hartford provided its outlook for 2020 key business metric ranges for Commercial Lines and Personal Lines combined ratios and Group Benefits margins. The company does not provide an outlook for consolidated net income or core earnings.
Positive Outlook
- Commercial Lines combined ratio between 95.5 - 97.5
- Commercial Lines underlying combined ratio between 92.0 - 94.0
- Personal Lines combined ratio between 98.5 - 100.5
- Personal Lines underlying combined ratio between 91.5 - 93.5
- P&C current accident year catastrophe loss ratio of 4.0
- Group Benefits net income margin between 6.25% - 7.25%
- Group Benefits core earnings margin between 6.5% - 7.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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