Board authorized new $4.2 billion share repurchase program, representing a 27% increase from the prior authorization
Second quarter 2026 net income available to common stockholders of $1.3 billion ($4.68 per diluted share) increased 31% from $990 million ($3.44 per diluted share) over the same period in 2025. Core earnings* of $945 million ($3.42 core earnings per diluted share*) increased 1% from $932 million ($3.24 core earnings per diluted share) over the same period in 2025.
Net income ROE for the trailing 12 months of 23.8% and core earnings ROE* of 18.7%.
Property & Casualty (P&C) written premiums increased by 3% in the second quarter of 2026, driven by Business Insurance premium growth of 5%.
Employee Benefits fully insured ongoing premium growth of 5% in the second quarter of 2026.
Business Insurance second quarter 2026 combined ratio of 91.4 and an underlying combined ratio* of 89.3.
Personal Insurance second quarter 2026 combined ratio of 90.1 and an underlying combined ratio* of 86.3.
Employee Benefits second quarter 2026 net income margin of 7.7% and a core earnings margin* of 7.4%.
Returned $615 million to stockholders in the second quarter, including $450 million of shares repurchased and $165 million in common stockholder dividends paid. The company’s Board of Directors authorized a new $4.2 billion share repurchase program, effective from Aug. 1, 2026, through the end of 2028.
* Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures.** All amounts and percentages set forth in this news release are approximate unless otherwise noted.
HARTFORD, Conn., July 23, 2026–(BUSINESS WIRE)–The Hartford (NYSE: HIG) today announced financial results for the second quarter ended June 30, 2026.
“The Hartford delivered another quarter of strong results, reflecting the strength of our franchise, the breadth of our distribution relationships and our commitment to a superior customer experience,” said The Hartford’s Chairman and CEO Christopher Swift. “Supported by market-leading positions and differentiated capabilities across Property and Casualty and Employee Benefits, we continue to execute with discipline while investing in technology, data, artificial intelligence and customer-focused risk insights that strengthen our competitive position and further differentiate The Hartford in the marketplace.”
The Hartford’s Chief Financial Officer Beth Costello said, “Business Insurance delivered another strong quarter, with 5 percent written premium growth and an underlying combined ratio of 89.3. In Personal Insurance, the underlying combined ratio improved 1.7 points, while growth was impacted by a competitive market. Employee Benefits generated fully insured ongoing premium growth of 5 percent with a core earnings margin of 7.4 percent. Investment income remained strong, supported by our diversified portfolio and attractive new money yields.”
Swift continued, “The recently announced new $4.2 billion share repurchase authorization demonstrates our disciplined approach to capital management. With strong execution across the enterprise, we remain well positioned to deliver outstanding ROEs and attractive returns for shareholders.”
|
Three Months Ended |
|||
|
($ in millions except per share data) |
Jun 30 |
Jun 30 |
Change |
|
Income from continuing operations, net of tax |
$980 |
$938 |
4% |
|
Income from continuing operations, net of tax per diluted share |
$3.53 |
$3.24 |
9% |
|
Net income available to common stockholders |
$1,293 |
$990 |
31% |
|
Net income available to common stockholders per diluted share1 |
$4.68 |
$3.44 |
36% |
|
Core earnings |
$945 |
$932 |
1% |
|
Core earnings per diluted share |
$3.42 |
$3.24 |
6% |
|
Book value per diluted share |
$70.28 |
$60.02 |
17% |
|
Book value per diluted share (ex. accumulated other comprehensive income (AOCI))2 |
$78.91 |
$68.35 |
15% |
|
Net income available to common stockholders’ return on equity (ROE)3, last 12-months |
23.8% |
19.8% |
4.0 |
|
Core earnings ROE3, last 12-months |
18.7% |
16.0% |
2.7 |
($ in millions except per share data)
Income from continuing operations, net of tax
Income from continuing operations, net of tax per diluted share
Net income available to common stockholders
Net income available to common stockholders per diluted share1
Core earnings per diluted share
Book value per diluted share
Book value per diluted share (ex. accumulated other comprehensive income (AOCI))2
Net income available to common stockholders’ return on equity (ROE)3, last 12-months
Core earnings ROE3, last 12-months
|
[1] |
Includes dilutive potential common shares; for net income available to common stockholders per diluted share, the numerator is net income less preferred dividends |
|
|
[2] |
Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures |
|
|
[3] |
Return on equity (ROE) is calculated based on last 12 months of net income available to common stockholders and core earnings, respectively; for net income ROE, the denominator is common stockholders’ equity including AOCI; for core earnings ROE, the denominator is common stockholders’ equity excluding AOCI |
Includes dilutive potential common shares; for net income available to common stockholders per diluted share, the numerator is net income less preferred dividends
Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures
Return on equity (ROE) is calculated based on last 12 months of net income available to common stockholders and core earnings, respectively; for net income ROE, the denominator is common stockholders’ equity including AOCI; for core earnings ROE, the denominator is common stockholders’ equity excluding AOCI
Second quarter 2026 net income available to common stockholders of $1.3 billion, or $4.68 per diluted share, improved from $990 million in second quarter 2025. Contributing to the results were:
An increase in earnings driven by 5% growth in P&C earned premium and 5% fully insured ongoing premium growth in Employee Benefits.
Business Insurance loss and loss adjustment expense ratio of 60.4 increased from 56.1 in second quarter 2025, including 2.9 points of less favorable prior year accident year development (PYD) and 0.2 points of higher current accident year catastrophe losses (CAY CATs). Underlying loss and loss adjustment expense ratio* of 58.3 increased from 57.0 in second quarter 2025.
Personal Insurance loss and loss adjustment expense ratio of 63.8 improved from 69.0 in second quarter 2025, including 2.1 points of more favorable PYD and 0.2 points of lower CAY CATs. Underlying loss and loss adjustment expense ratio of 60.0 improved 2.8 points from second quarter 2025.
Net favorable PYD of $111 million, before tax, in 2026 declined from net favorable PYD of $187 million in core earnings in 2025. Net favorable PYD in second quarter 2026 was primarily driven by reserve reductions in workers’ compensation, catastrophes, Personal Insurance, and bond, partially offset by an increase in general liability and commercial automobile reserves.
P&C CAY CAT losses of $222 million, before tax, in second quarter 2026, primarily from tornado, wind and hail events, increased from CAY CAT losses of $212 million in second quarter 2025.
The P&C expense ratio of 29.9 increased from 29.5 in second quarter 2025, primarily driven by an increase in the Personal Insurance expense ratio.
Employee Benefits loss ratio of 72.5 increased from 69.1 in second quarter 2025, driven by an increase in the group disability loss ratio.
The Employee Benefits expense ratio of 25.2 improved from 25.7 in second quarter 2025, driven by the impact of earned premium growth and lower commissions, partially offset by higher technology costs.
Net investment income of $800 million, before tax, increased from $658 million in second quarter 2025, primarily driven by increased income from limited partnerships and other alternative investments (LPs) and a higher level of invested assets.
Net realized gains of $64 million, before tax, in second quarter 2026 compared with net realized losses of $19 million, before tax, in second quarter 2025.
Income from discontinued operations of $318 million, before tax, increased from $57 million in second quarter 2025, due to a $251 million income tax benefit associated with the sale of Hartford Funds representing the difference between the tax basis and the U.S. GAAP carrying value of Hartford Funds.
Second quarter 2026 core earnings of $945 million, or $3.42 per diluted share, increased from $932 million of core earnings in second quarter 2025, primarily reflecting the same drivers as net income, excluding the impact of realized gains and losses and income from discontinued operations.
June 30, 2026 book value per diluted share of $70.28 increased 6.0%, from $66.31 at Dec. 31, 2025, principally due to net income in excess of stockholder dividends through June 30, 2026, including income from discontinued operations related to the sale of Hartford Funds, partially offset by the dilutive effect of share repurchases, and a decrease in AOCI, primarily driven by an increase in net unrealized losses on available-for-sale (AFS) securities.
Book value per diluted share (excluding AOCI) of $78.91 as of June 30, 2026, increased 7.2%, from $73.62 at Dec. 31, 2025, as the impact from net income in excess of stockholder dividends through June 30, 2026, was partially offset by the dilutive effect of share repurchases.
Net income available to common stockholders’ ROE (net income ROE) for the trailing 12-month period ending June 30, 2026, was 23.8%, increasing 4.0 points from June 30, 2025, primarily due to an increase in net income available to common stockholders.
Core earnings ROE for the trailing 12-month period ending June 30, 2026, was 18.7%, increasing 2.7 points from June 30, 2025, primarily due to an increase in core earnings.
BUSINESS RESULTS:Business Insurance
|
Three Months Ended |
|||
|
($ in millions, unless otherwise noted) |
Jun 30 |
Jun 30 |
Change |
|
Net income |
$704 |
$696 |
1% |
|
Core earnings |
$695 |
$697 |
—% |
|
Written premiums |
$4,022 |
$3,816 |
5% |
|
Underwriting gain1 |
$316 |
$444 |
(29%) |
|
Underlying underwriting gain1 |
$393 |
$412 |
(5%) |
|
Losses and loss adjustment expense ratio |
60.4 |
56.1 |
4.3 |
|
Expenses |
30.7 |
30.6 |
0.1 |
|
Policyholder dividends |
0.3 |
0.3 |
— |
|
Combined ratio |
91.4 |
87.0 |
4.4 |
|
Impact of catastrophes and PYD on combined ratio |
(2.1) |
1.0 |
(3.1) |
|
Underlying combined ratio |
89.3 |
88.0 |
1.3 |
|
Losses and loss adjustment expense ratio |
|||
|
Underlying loss and loss adjustment expense ratio |
58.3 |
57.0 |
1.3 |
|
Current accident year catastrophes |
3.5 |
3.3 |
0.2 |
|
Prior accident year development |
(1.4) |
(4.3) |
2.9 |
|
Total Losses and loss adjustment expense ratio |
60.4 |
56.1 |
4.3 |
($ in millions, unless otherwise noted)
Underlying underwriting gain1
Losses and loss adjustment expense ratio
Impact of catastrophes and PYD on combined ratio
Losses and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio
Current accident year catastrophes
Prior accident year development
Total Losses and loss adjustment expense ratio
|
[1] |
Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures |
Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures
Second quarter 2026 net income of $704 million increased from net income of $696 million in second quarter 2025. Contributing to the results were:
7% growth in earned premium.
An underlying loss and loss adjustment expense ratio of 58.3 in second quarter 2026 increased from 57.0 in second quarter 2025.
Net favorable PYD of $52 million, before tax, in second quarter 2026, declined from $146 million in second quarter 2025. The net favorable PYD in second quarter 2026 primarily includes reserve reductions in workers’ compensation, catastrophes, and bond, partially offset by an increase in general liability and commercial auto liability reserves. Net PYD in the 2025 period includes a $24 million, before-tax, benefit due to the amortization of the deferred gain related to the Navigators ADC.
CAY CAT losses of $129 million, before tax, in second quarter 2026, primarily from tornado, wind and hail events, increased from CAY CAT losses of $114 million in second quarter 2025.
Net investment income of $556 million, before tax, increased from $449 million in second quarter 2025.
Net realized gains of $12 million, before tax, in second quarter 2026 compared with net realized losses of $20 million, before tax, in second quarter 2025.
Business Insurance core earnings of $695 million in second quarter 2026 declined slightly from $697 million in second quarter 2025, primarily reflecting the same drivers as net income, excluding the impact of realized gains and losses.
Combined ratio of 91.4 increased from 87.0 in second quarter 2025, primarily due to 2.9 points of less favorable net PYD and 0.2 points of higher CAY CATs. Underlying combined ratio of 89.3 increased from 88.0 in second quarter 2025, primarily due to a 1.3 point increase in the underlying loss and loss adjustment expense ratio.
Small Business combined ratio of 85.9 improved from 89.7 in second quarter 2025, including 1.3 points of lower CAY CATs, partially offset by 0.1 points of less favorable PYD. Underlying combined ratio of 86.5 improved from 89.0 in second quarter 2025, primarily due to lower non-CAT property losses and the impact of earned premium growth on the expense ratio.
Middle & Large Business combined ratio of 101.9 increased from 86.6 in second quarter 2025, including a change from favorable to unfavorable PYD and 2.0 points of higher CAY CATs. Underlying combined ratio of 95.3 increased from 89.1 in second quarter 2025, including higher non-CAT property losses and a change in business mix.
Global Specialty combined ratio of 89.5 increased from 85.9 in second quarter 2025, including 2.1 points of less favorable PYD and 0.4 points of higher CAY CATs. The 2025 combined ratio included 2.6 points of more favorable PYD due to the amortization of the deferred gain related to the Navigators ADC. Underlying combined ratio of 85.8 increased from 84.8 in second quarter 2025, primarily due to an increase in the international loss ratio and a higher expense ratio, driven by technology costs.
The Business Insurance expense ratio of 30.7 was generally consistent with the second quarter of 2025.
Second quarter 2026 written premiums of $4.0 billion were up 5% from second quarter 2025, with growth across the segment. Small Business delivered a 7% increase in written premiums, supported by double‑digit new business growth, while Middle & Large and Global Specialty each reported single‑digit written premium growth.
|
Three Months Ended |
|||
|
($ in millions, unless otherwise noted) |
Jun 30 |
Jun 30 |
Change |
|
Net income |
$130 |
$91 |
43% |
|
Core earnings |
$128 |
$94 |
36% |
|
Written premiums |
$915 |
$980 |
(7%) |
|
Underwriting gain |
$90 |
$55 |
64% |
|
Underlying underwriting gain |
$124 |
$112 |
11% |
|
Losses and loss adjustment expense ratio |
63.8 |
69.0 |
(5.2) |
|
Expenses |
26.3 |
25.1 |
1.2 |
|
Combined ratio |
90.1 |
94.1 |
(4.0) |
|
Impact of catastrophes and PYD on combined ratio |
(3.8) |
(6.1) |
2.3 |
|
Underlying combined ratio |
86.3 |
88.0 |
(1.7) |
|
Losses and loss adjustment expense ratio |
|||
|
Underlying loss and loss adjustment expense ratio |
60.0 |
62.8 |
(2.8) |
|
Current accident year catastrophes |
10.3 |
10.5 |
(0.2) |
|
Prior accident year development |
(6.5) |
(4.4) |
(2.1) |
|
Total Losses and loss adjustment expense ratio |
63.8 |
69.0 |
(5.2) |
($ in millions, unless otherwise noted)
Underlying underwriting gain
Losses and loss adjustment expense ratio
Impact of catastrophes and PYD on combined ratio
Losses and loss adjustment expense ratio
Underlying loss and loss adjustment expense ratio
Current accident year catastrophes
Prior accident year development
Total Losses and loss adjustment expense ratio
Net income of $130 million in second quarter 2026 increased from net income of $91 million in second quarter 2025. Contributing to the results were:
3% decline in earned premium largely driven by a competitive market environment that continues to pressure new business growth, partially offset by modest improvement in automobile policy retention as the pace of renewal written price increases moderated.
An underlying loss and loss adjustment expense ratio of 60.0 in second quarter 2026, which improved 2.8 points from 62.8 in second quarter 2025, driven by the impact of earned pricing increases outpacing loss cost trends.
$59 million, before tax, of favorable PYD in second quarter 2026 increased from $41 million of favorable PYD in second quarter 2025. The net favorable PYD in second quarter 2026 includes reserve reductions in both automobile and homeowners.
CAY CAT losses of $93 million, before tax, in second quarter 2026, including losses from tornado, wind and hail events, decreased from $98 million of CAY CAT losses in second quarter 2025.
Net investment income of $67 million, before tax, in second quarter 2026 increased from $58 million in second quarter 2025.
Net realized gains of $4 million, before tax, in second quarter 2026 compared with net realized losses of $4 million, before tax, in second quarter 2025.
Personal Insurance core earnings of $128 million increased from core earnings of $94 million in second quarter 2025, primarily reflecting the same drivers as net income, excluding the impact of realized gains and losses.
Combined ratio of 90.1 in second quarter 2026 improved from 94.1 in second quarter 2025, primarily due to a 5.2 point improvement in the loss and loss adjustment expense ratio, including a 2.8 point improvement in the underlying loss and loss adjustment expense ratio, 2.1 points of more favorable PYD, and 0.2 points of lower CAY CAT losses. Underlying combined ratio of 86.3 improved 1.7 points from 88.0 in second quarter 2025, primarily due to improvement in the underlying loss and loss adjustment expense ratios in both automobile and homeowners.
Personal Automobile combined ratio of 88.5 improved 5.5 points from 94.0 in second quarter 2025, including 3.2 points of more favorable PYD and 0.4 points of lower CAY CATs. The underlying combined ratio of 93.3 improved 1.9 points from 95.2 in second quarter 2025, primarily due to improvement in the underlying loss and loss adjustment expense ratio, driven by the impact of earned pricing increases outpacing loss cost trends, partially offset by an increase in the expense ratio.
Homeowners combined ratio of 92.6 improved 1.8 points from 94.4 in second quarter 2025, including 2.2 points of lower CAY CATs and 0.1 points of more favorable PYD. The underlying combined ratio of 73.3 increased 0.6 points from 72.7 in second quarter 2025, primarily due to an increase in the expense ratio, partially offset by improvement in the underlying loss and loss adjustment expense ratio, driven by the impact of earned pricing increases outpacing loss cost trends.
The Personal Insurance expense ratio of 26.3 increased from 25.1 in second quarter 2025, primarily due to the impact of lower earned premiums and increased premium mix towards agency, driving higher commissions.
Written premiums in second quarter 2026 of $915 million decreased from $980 million in second quarter 2025, with:
Renewal written price increases in automobile and homeowners of 5.5% and 10.4%, respectively.
Effective policy count retention improving slightly in automobile and remaining relatively stable in homeowners.
|
Three Months Ended |
|||
|
($ in millions, unless otherwise noted) |
Jun 30 |
Jun 30 |
Change |
|
Net income |
$147 |
$150 |
(2%) |
|
Core earnings |
$139 |
$163 |
(15%) |
|
Fully insured ongoing premiums |
$1,676 |
$1,602 |
5% |
|
Loss ratio |
72.5% |
69.1% |
3.4 |
|
Expense ratio |
25.2% |
25.7% |
(0.5) |
|
Net income margin |
7.7% |
8.5% |
(0.8) |
|
Core earnings margin |
7.4% |
9.2% |
(1.8) |
($ in millions, unless otherwise noted)
Fully insured ongoing premiums
Net income of $147 million in second quarter 2026 decreased from $150 million in second quarter 2025, primarily due to an increase in the group disability loss ratio, partially offset by a change from net realized losses to net realized gains, increased net investment income, and a lower expense ratio.
Core earnings of $139 million decreased from $163 million in second quarter 2025, primarily reflecting the same drivers as net income, excluding the impact of realized gains and losses.
Fully insured ongoing premiums were up 5% compared with second quarter 2025, including increased new business sales across all products, an increase in exposure on existing accounts and persistency in excess of 90%. Fully insured ongoing sales were up 31% in second quarter 2026, compared with second quarter 2025, driven by higher group disability and group life sales.
Loss ratio of 72.5 increased from 69.1 in second quarter 2025.
Group life loss ratio of 74.2 was relatively consistent with 2025 at 74.3.
Group disability loss ratio of 74.8 increased 6.3 points from 68.5 driven by increased claim incidence across short and long-term disability products and less favorable long-term disability claim recoveries although in line with long-term expectations.
Expense ratio of 25.2 improved 0.5 points from 25.7 in second quarter 2025, driven by the impact of earned premium growth and a lower commission ratio, partially offset by higher technology costs.
Net investment income of $137 million, before tax, increased from $118 million in second quarter 2025.
|
Three Months Ended |
|||
|
($ in millions, unless otherwise noted) |
Jun 30 |
Jun 30 |
Change |
|
Net income |
$300 |
$45 |
NM |
|
Net income available to common stockholders |
$295 |
$40 |
NM |
|
Core loss |
$(34) |
$(36) |
6% |
|
Net investment income, before tax |
$18 |
$14 |
29% |
|
Interest expense and preferred dividends, before tax |
$55 |
$55 |
—% |
($ in millions, unless otherwise noted)
Net income available to common stockholders
Net investment income, before tax
Interest expense and preferred dividends, before tax
On June 3, 2026, The Hartford entered into an agreement to sell Hartford Funds Management, Inc. (“Hartford Funds”). Effective in second quarter 2026 and for all periods presented in The Hartford’s financial statements, Hartford Funds is reported as discontinued operations in Corporate and its results are included in net income, but not in core earnings.
Net income available to common stockholders of $295 million in second quarter 2026 increased from $40 million in second quarter 2025, driven by higher income from discontinued operations, net of tax, including a $251 million income tax benefit related to the agreement to sell Hartford Funds.
Second quarter 2026 core loss of $34 million was relatively consistent with $36 million in second quarter 2025.
INVESTMENT INCOME AND PORTFOLIO DATA:
|
Three Months Ended |
|||
|
($ in millions, unless otherwise noted) |
Jun 30 |
Jun 30 |
Change |
|
Net investment income, before tax |
$800 |
$658 |
22% |
|
Annualized investment yield, before tax |
4.9% |
4.3% |
0.6 |
|
Annualized investment yield, before tax, excluding LPs1 |
4.7% |
4.6% |
0.1 |
|
Annualized LP yield, before tax |
7.6% |
1.0% |
6.6 |
|
Annualized investment yield, after tax |
3.9% |
3.5% |
0.4 |
|
[1] Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures |
|||
($ in millions, unless otherwise noted)
Net investment income, before tax
Annualized investment yield, before tax
Annualized investment yield, before tax, excluding LPs1
Annualized LP yield, before tax
Annualized investment yield, after tax
[1] Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures
Second quarter 2026 consolidated net investment income of $800 million increased from $658 million in second quarter 2025, primarily driven by increased income from LPs and a higher level of invested assets.
Second quarter 2026 net investment income, excluding LPs*, of $686 million, before tax, compared to $645 million in second quarter 2025, a 6% increase, primarily driven by a higher level of invested assets.
Second quarter 2026 included $114 million, before tax, of LP income which increased from $13 million in second quarter 2025, primarily driven by sales of underlying investments within real estate joint ventures and higher returns on infrastructure and energy transition funds within other funds. Annualized LP yield, before tax, of 7.6% increased from 1.0% in second quarter 2025.
Net realized gains of $64 million, before tax, in second quarter 2026 compared with net realized losses of $19 million, before tax, in second quarter 2025.
Total invested assets of $64.0 billion increased $0.5 billion from Dec. 31, 2025, primarily due to increases within mortgage loans and LPs, partially offset by lower valuations on fixed maturities driven by higher interest rates.
The Hartford will discuss its second quarter 2026 financial results on a webcast at 9:00 a.m. EDT on Friday, July 24, 2026. The call can be accessed via a live listen-only webcast or as a replay through the Investor Relations section of The Hartford’s website at https://ir.thehartford.com. The replay will be accessible approximately one hour after the conclusion of the call and be available along with a transcript of the event for at least one year.
More detailed financial information can be found in The Hartford’s Investor Financial Supplement for June 30, 2026, and the second quarter 2026 Financial Results Presentation, both of which are available at https://ir.thehartford.com.
The Hartford is a leader in property and casualty insurance and employee benefits. By anticipating challenges and reducing risks our customers face, the company helps people and businesses thrive with confidence. Built on a foundation of trust, The Hartford is committed to strong performance, exceptional customer experiences and bold innovation, hallmarks of its sustained success since 1810.
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. More information on the company and its financial performance is available at https://www.thehartford.com. For additional details, please read https://www.thehartford.com/legal-notice.
From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
|
THE HARTFORD INSURANCE GROUP, INC. |
|||||||||||||||||||
|
CONSOLIDATING INCOME STATEMENTS |
|||||||||||||||||||
|
Three Months Ended June 30, 2026 |
|||||||||||||||||||
|
($ in millions) |
|||||||||||||||||||
|
Business |
Personal |
P&C |
Employee |
Corporate |
Consolidated |
||||||||||||||
|
Earned premiums |
$ |
3,663 |
$ |
905 |
$ |
— |
$ |
1,711 |
$ |
— |
$ |
6,279 |
|||||||
|
Fee income |
12 |
7 |
— |
56 |
11 |
86 |
|||||||||||||
|
Net investment income |
556 |
67 |
22 |
137 |
18 |
800 |
|||||||||||||
|
Net realized gains |
12 |
4 |
1 |
9 |
38 |
64 |
|||||||||||||
|
Other revenue |
1 |
25 |
— |
— |
8 |
34 |
|||||||||||||
|
Total revenues |
4,244 |
1,008 |
23 |
1,913 |
75 |
7,263 |
|||||||||||||
|
Benefits, losses, and loss adjustment expenses |
2,211 |
577 |
— |
1,291 |
2 |
4,081 |
|||||||||||||
|
Amortization of DAC |
590 |
70 |
— |
9 |
— |
669 |
|||||||||||||
|
Insurance operating costs and other expenses |
553 |
198 |
2 |
417 |
45 |
1,215 |
|||||||||||||
|
Interest expense |
— |
— |
— |
— |
50 |
50 |
|||||||||||||
|
Amortization of other intangible assets |
7 |
— |
— |
10 |
— |
17 |
|||||||||||||
|
Total benefits, losses and expenses |
3,361 |
845 |
2 |
1,727 |
97 |
6,032 |
|||||||||||||
|
Income (loss) from continuing operations before income taxes |
883 |
163 |
21 |
186 |
(22 |
) |
1,231 |
||||||||||||
|
Income tax expense (benefit) |
179 |
33 |
4 |
39 |
(4 |
) |
251 |
||||||||||||
|
Income (loss) from continuing operations, net of tax |
704 |
130 |
17 |
147 |
(18 |
) |
980 |
||||||||||||
|
Income from discontinued operations, after tax |
— |
— |
— |
— |
318 |
318 |
|||||||||||||
|
Net income |
704 |
130 |
17 |
147 |
300 |
1,298 |
|||||||||||||
|
Preferred stock dividends |
— |
— |
— |
— |
5 |
5 |
|||||||||||||
|
Net income available to common stockholders |
704 |
130 |
17 |
147 |
295 |
1,293 |
|||||||||||||
|
Adjustments to reconcile net income available to common stockholders to core earnings (loss) |
|||||||||||||||||||
|
Net realized gains, excluded from core earnings, before tax |
(14 |
) |
(4 |
) |
(1 |
) |
(10 |
) |
(11 |
) |
(40 |
) |
|||||||
|
Integration and other non-recurring M&A costs, before tax |
3 |
— |
— |
— |
— |
3 |
|||||||||||||
|
Change in deferred gain on retroactive reinsurance, before tax |
— |
— |
— |
— |
— |
— |
|||||||||||||
|
Income tax expense |
2 |
2 |
1 |
2 |
— |
7 |
|||||||||||||
|
Income from discontinued operations, net of tax |
— |
— |
— |
— |
(318 |
) |
(318 |
) |
|||||||||||
|
Core earnings (loss) |
$ |
695 |
$ |
128 |
$ |
17 |
$ |
139 |
$ |
(34 |
) |
$ |
945 |
||||||
THE HARTFORD INSURANCE GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
Three Months Ended June 30, 2026
Benefits, losses, and loss adjustment expenses
Insurance operating costs and other expenses
Amortization of other intangible assets
Total benefits, losses and expenses
Income (loss) from continuing operations before income taxes
Income tax expense (benefit)
Income (loss) from continuing operations, net of tax
Income from discontinued operations, after tax
Net income available to common stockholders
Adjustments to reconcile net income available to common stockholders to core earnings (loss)
Net realized gains, excluded from core earnings, before tax
Integration and other non-recurring M&A costs, before tax
Change in deferred gain on retroactive reinsurance, before tax
Income from discontinued operations, net of tax
|
THE HARTFORD INSURANCE GROUP, INC. |
|||||||||||||||||||
|
CONSOLIDATING INCOME STATEMENTS |
|||||||||||||||||||
|
Three Months Ended June 30, 2025 |
|||||||||||||||||||
|
($ in millions) |
|||||||||||||||||||
|
Business |
Personal |
P&C |
Employee |
Corporate |
Consolidated |
||||||||||||||
|
Earned premiums |
$ |
3,424 |
$ |
931 |
$ |
— |
$ |
1,606 |
$ |
— |
$ |
5,961 |
|||||||
|
Fee income |
11 |
8 |
— |
57 |
10 |
86 |
|||||||||||||
|
Net investment income |
449 |
58 |
19 |
118 |
14 |
658 |
|||||||||||||
|
Net realized losses |
(20 |
) |
(4 |
) |
(2 |
) |
(16 |
) |
23 |
(19 |
) |
||||||||
|
Other revenue |
1 |
24 |
— |
— |
5 |
30 |
|||||||||||||
|
Total revenues |
3,865 |
1,017 |
17 |
1,765 |
52 |
6,716 |
|||||||||||||
|
Benefits, losses, and loss adjustment expenses |
1,920 |
642 |
— |
1,150 |
— |
3,712 |
|||||||||||||
|
Amortization of DAC |
546 |
70 |
— |
9 |
— |
625 |
|||||||||||||
|
Insurance operating costs and other expenses |
… |
||||||||||||||||||
THE HARTFORD INSURANCE GROUP, INC.
CONSOLIDATING INCOME STATEMENTS
Three Months Ended June 30, 2025
Benefits, losses, and loss adjustment expenses
Insurance operating costs and other expenses