Dec 31, 2024

The Hartford Q4 2024 Earnings Report

The Hartford reported outstanding results driven by strong performance in Commercial Lines, Personal Lines, and Group Benefits.

Key Takeaways

The Hartford announced strong Q4 and full-year 2024 results, with net income available to common stockholders increasing by 11% in Q4 and 24% for the full year. The company's performance was driven by sustained momentum in Commercial Lines, significant progress in Personal Lines, continued strong margins in Group Benefits, and a higher investment portfolio yield.

Net income available to common stockholders increased 11% in Q4 2024 compared to Q4 2023.

Commercial Lines experienced strong top-line growth and profitable margins.

Personal Lines achieved significant improvement in underlying combined ratio.

Group Benefits continued to outperform with a strong core earnings margin.

Total Revenue
$6.88B
Previous year: $6.4B
+7.5%
EPS
$2.94
Previous year: $3.06
-3.9%
Group Benefits Expense Ratio
26.7%
Previous year: 24.2%
+10.3%
Group Benefits Loss ratio
70.6%
Previous year: 69.9%
+1.0%
Free Cash Flow
$1.9B
Previous year: $1.56B
+21.6%
Total Assets
$73.8B
Previous year: $69.7B
+5.9%

The Hartford

The Hartford

Forward Guidance

The Hartford is well positioned to sustain its momentum and deliver profitable growth at industry-leading ROEs in 2025 and beyond.

Positive Outlook

  • Sustained momentum in Commercial Lines
  • Strong top-line growth
  • Highly profitable margins
  • Significant progress in Personal Lines toward restoring target profitability in auto
  • Continued strong margins in Group Benefits