Dec 31, 2022

The Hartford Q4 2022 Earnings Report

The Hartford reported excellent fourth quarter results, contributing to an outstanding 2022, driven by strong underwriting, solid premium growth, excellent margins, and a significant contribution from the investment portfolio.

Key Takeaways

The Hartford's Q4 2022 results showed a net income available to common stockholders of $584 million, or $1.81 per diluted share. Core earnings were $746 million, or $2.31 per diluted share, up 7% from the prior year. The company returned $473 million to stockholders in the quarter.

Net income available to common stockholders was $584 million ($1.81 per diluted share), compared to $724 million ($2.10 per diluted share) in Q4 2021.

Core earnings were $746 million ($2.31 core earnings per diluted share), up 7% from $697 million ($2.02 core earnings per diluted share) in Q4 2021.

Property & Casualty (P&C) written premiums rose 8% in Q4 2022, driven by Commercial Lines premium growth of 9%.

Group Benefits fully insured ongoing premium growth of 9% in Q4 2022.

Returned $473 million to stockholders in Q4 2022.

Total Revenue
$6.02B
Previous year: $5.82B
+3.4%
EPS
$2.31
Previous year: $2.02
+14.4%
Group Benefits Expense Ratio
25%
Previous year: 26.3%
-4.9%
Group Benefits Loss ratio
73.6%
Previous year: 84%
-12.4%
Gross Profit
$6.02B
Previous year: $5.82B
+3.4%
Cash and Equivalents
$344M
Previous year: $337M
+2.1%
Free Cash Flow
$1.03B
Previous year: $1.16B
-11.3%
Total Assets
$73B
Previous year: $76.6B
-4.7%

The Hartford

The Hartford

The Hartford Revenue by Segment

Forward Guidance

The Hartford will discuss its fourth quarter and full year 2022 financial results and its 2023 outlook on a webcast at 9:00 a.m. EST on Friday, Feb. 3, 2023.

Revenue & Expenses

Visualization of income flow from segment revenue to net income