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Dec 31, 2020
The Hartford Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 financial results.
Key Takeaways
The Hartford reported strong core earnings of $2.1 billion, or $5.78 per diluted share, and a twelve-month core earnings ROE of 12.7 percent. The P&C business saw underlying margin expansion reflecting higher pricing, disciplined underwriting, and operating efficiencies. Group Benefits results were impacted by higher mortality rates in Group life primarily related to COVID-19.
Fourth quarter 2020 net income available to common stockholders decreased 2% from fourth quarter 2019.
Fourth quarter 2020 core earnings rose 22% from fourth quarter 2019
Commercial Lines combined ratio improved to 91.8 compared with 98.2 in fourth quarter 2019.
Group Benefits net income margin was 3.9% in fourth quarter 2020 compared with 10.5% in the year prior, impacted by excess mortality.
Forward Guidance
The Hartford announced its outlook for several 2021 key business metrics. The company does not provide an outlook for consolidated net income or core earnings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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