The Hartford Insurance Group, Inc.

HIG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995
Valuation
Market cap	$38,432	$31,714	$24,176	$24,121	$23,498	$16,671	$20,683	$15,129	$19,155	$16,218	$14,792	$18,419	$16,220	$9,822	$7,012	$11,430	$8,055	$5,070	$27,578	$28,814	$25,595	$20,259	$16,080	$11,330	$14,935	$15,581	$10,656	$12,776	$11,040	$7,918	$5,672
Enterprise value	$42,681	$35,897	$28,349	$28,249	$28,237	$20,872	$25,346	$19,695	($16,273)	$17,556	$18,165	$19,504	$17,328	$14,688	$10,961	$16,357	$2,640	$760	$25,291	$29,834	$27,836	$21,860	$19,774	$13,542	$15,979	$15,940	$11,724	$14,085	$14,070	$9,338	$7,580
P/E (TTM) at period end	10.07×	10.26×	9.74×	13.42×	10.00×	9.71×	10.02×	8.40×	–	18.10×	8.79×	23.08×	97.71×	–	10.47×	10.20×	–	–	9.35×	10.50×	11.26×	9.58×	–	11.33×	29.46×	16.00×	12.36×	12.59×	8.29×	–	10.09×
P/S (TTM) at period end	1.35×	1.20×	0.99×	1.08×	1.05×	0.81×	1.00×	0.80×	1.12×	1.00×	0.92×	0.99×	0.78×	0.44×	0.32×	0.53×	0.33×	0.55×	1.06×	1.09×	0.95×	0.89×	0.86×	0.69×	0.93×	1.06×	0.79×	0.85×	0.80×	0.63×	0.47×
P/B at period end	2.02×	1.93×	1.58×	1.76×	1.32×	0.90×	1.27×	1.15×	1.42×	0.96×	0.84×	0.98×	0.86×	0.44×	0.33×	0.61×	0.50×	0.55×	1.44×	1.53×	1.67×	1.42×	1.38×	1.06×	1.66×	2.09×	1.95×	1.99×	1.81×	1.75×	1.21×
EV / EBITDA (TTM)	7.97×	8.15×	7.47×	9.11×	7.39×	7.15×	7.75×	7.80×	(11.32×)	14.98×	8.19×	1.48×	7.63×	6.45×	7.97×	5.72×	–	–	5.27×	7.09×	7.85×	7.82×	–	3.97×	12.69×	10.76×	9.07×	8.93×	6.09×	–	0.62×
EV / Sales (TTM)	1.50×	1.35×	1.16×	1.26×	1.26×	1.02×	1.22×	1.04×	(0.95×)	1.08×	1.14×	1.05×	0.84×	0.67×	0.50×	0.75×	0.11×	0.08×	0.98×	1.13×	1.03×	0.96×	1.06×	0.82×	1.00×	1.08×	0.87×	0.94×	1.02×	0.74×	0.62×
Returns
Return on equity	20.1%	18.8%	16.2%	13.1%	13.2%	9.2%	12.7%	13.7%	(23.2%)	5.3%	9.5%	4.3%	0.9%	(0.4%)	3.1%	6.0%	(6.3%)	(29.7%)	15.4%	14.5%	14.8%	14.9%	(0.8%)	9.3%	5.6%	13.0%	15.8%	15.8%	21.9%	(2.2%)	12.0%
Return on invested capital	17.2%	15.9%	13.6%	11.2%	11.4%	8.5%	11.0%	9.9%	–	3.6%	6.5%	41.4%	7.2%	–	2.8%	6.7%	(3.9%)	(18.4%)	13.5%	12.6%	12.1%	11.9%	(0.5%)	6.8%	9.9%	11.0%	13.0%	13.0%	19.5%	(1.1%)	139.2%
Dividend yield	1.5%	1.8%	2.2%	2.1%	2.1%	2.7%	2.1%	2.5%	1.8%	2.1%	2.1%	1.5%	1.2%	1.8%	2.2%	0.7%	1.8%	13.0%	2.3%	1.6%	1.3%	1.6%	1.8%	2.3%	1.6%	1.3%	1.9%	1.5%	1.7%	1.8%	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08×	1.05×	4.36×	4.49×	1.06×	1.07×	0.05×	0.06×	0.06×	0.05×	0.05×	0.05×	0.10×	0.13×	–
Debt / equity	0.23×	0.27×	0.28×	0.32×	0.28×	0.23×	0.30×	0.36×	0.37×	0.29×	0.30×	0.33×	0.35×	0.32×	0.29×	0.35×	0.36×	0.67×	0.23×	0.23×	0.31×	0.35×	0.49×	0.41×	0.37×	0.28×	0.29×	0.25×	0.46×	0.34×	0.41×
Effective tax rate	19.4%	19.2%	18.9%	19.6%	18.4%	18.1%	18.6%	15.3%	136.2%	(37.1%)	19.6%	20.6%	16.7%	347.2%	(186.5%)	25.0%	48.7%	40.1%	26.4%	23.8%	23.8%	15.3%	83.5%	6.4%	(58.7%)	27.5%	23.2%	26.3%	20.0%	68.9%	24.3%
Share count
Diluted shares outstanding	286	299	312	330	354	361	365	364	364	395	425	460	491	466	478	482	346	307	319	316	306	297	272	252	241	224	228	236	239	235	235

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995
Revenue and gross profit
Revenue	$29,060	$28,368	$26,535	$24,527	$22,362	$22,390	$20,523	$20,740	$18,955	$17,162	$16,291	$15,997	$18,614	$20,673	$22,086	$21,733	$21,770	$24,433	$9,219	$25,916	$26,500	$27,083	$22,708	$18,733	$16,417	$15,980	$14,703	$13,528	$15,022	$13,829	$12,577	$12,150
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($24,428)	($17,053)	($18,600)	($19,945)	($16,483)	($15,959)	($12,275)	($11,978)	($10,632)	($9,913)	($10,633)	($9,865)	($10,620)	–
Gross profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	($15,209)	$8,863	$7,900	$7,138	$6,225	$2,774	$4,142	$4,002	$4,071	$3,615	$4,389	$3,964	$1,957	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($5,557)	($5,584)	($5,258)	($4,881)	($4,841)	($4,791)	($4,480)	($4,580)	($4,281)	($4,563)	($3,525)	($3,459)	($4,028)	($4,176)	($5,090)	($4,398)	($4,407)	($4,635)	($3,993)	–	–	–	–	–	–	–	–	–	–	–	–	–
Total operating expenses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$10,618	($4,858)	($4,298)	($4,153)	($3,702)	($3,324)	($3,074)	($2,815)	($2,653)	($2,380)	($2,914)	($1,737)	($2,171)	–
Total costs and expenses	($23,842)	($23,409)	($22,487)	($21,240)	($19,887)	($19,251)	($18,167)	($17,921)	($16,898)	($16,123)	($15,517)	($14,152)	($5,734)	($18,592)	($20,275)	($21,025)	($19,506)	($26,161)	($13,810)	($21,911)	($22,898)	($24,098)	($20,185)	($19,283)	($15,349)	($14,793)	($13,285)	($12,293)	($13,547)	($11,602)	($12,791)	–
Operating income	$5,218	$4,959	$4,048	$3,287	$2,475	$3,139	$2,356	$2,819	$2,057	$1,039	$774	$1,845	$12,880	$2,081	$1,811	$708	$2,264	($1,728)	($4,591)	$4,005	$3,602	$2,985	$2,523	($550)	$1,068	$1,187	$1,418	$1,235	$1,475	$2,227	($214)	$12,150
Earnings
EBITDA	$5,647	$5,355	$4,404	$3,797	$3,100	$3,819	$2,918	$3,270	$2,524	$1,438	$1,172	$2,218	$13,156	$2,270	$2,278	$1,376	$2,860	($1,258)	($4,230)	$4,799	$4,208	$3,546	$2,797	($331)	$3,413	$1,259	$1,481	$1,293	$1,578	$2,312	($133)	$12,235
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($199)	($199)	($199)	($199)	($213)	($234)	($236)	($259)	($298)	($316)	($327)	($346)	($376)	($397)	($457)	($508)	($508)	($476)	($343)	($263)	($277)	($252)	($251)	($271)	–	–	–	–	–	–	–	–
Pre-tax income	$5,019	$4,760	$3,849	$3,088	$2,262	$2,905	$2,120	$2,560	$1,753	$723	$447	$1,478	$1,699	$1,471	($89)	$200	$2,272	($1,721)	($4,591)	$4,005	$3,602	$2,985	$2,523	($550)	$1,068	$341	$1,418	$1,235	$1,475	$1,666	($318)	$742
Income tax expense	($972)	($924)	($738)	($584)	($443)	($534)	($383)	($475)	($268)	($985)	$166	($289)	($350)	($246)	$309	$373	($568)	$838	$1,842	($1,056)	($857)	($711)	($385)	$459	($68)	$200	($390)	($287)	($388)	($334)	$219	($180)
Net income	$4,365	$3,836	$3,111	$2,504	$1,819	$2,371	$1,737	$2,085	$1,807	($3,131)	$896	$1,682	$798	$176	($38)	$712	$1,636	($887)	($2,749)	$2,949	$2,745	$2,274	$2,115	($91)	$1,000	$507	$974	$862	$1,015	$1,332	($99)	$562
Per share
Diluted EPS (GAAP)	$15.47	$13.32	$10.35	$7.97	$5.46	$6.64	$4.76	$5.66	$4.95	($8.61)	$2.27	$3.96	$1.73	$0.36	($0.17)	$1.40	$2.40	($2.93)	($8.99)	$9.24	$8.69	$7.44	$7.12	($0.33)	$3.97	$2.10	$4.34	$3.79	$4.30	$5.58	($0.42)	$2.38
Basic EPS (GAAP)	$15.68	$13.51	$10.51	$8.09	$5.54	$6.73	$4.79	$5.72	$5.03	($8.61)	$2.31	$4.05	$1.81	$0.37	($0.18)	$1.51	$2.60	($2.93)	($8.99)	$9.32	$8.89	$7.63	$7.24	($0.33)	$4.01	$2.13	$4.42	$3.83	$4.36	$5.65	($0.42)	$2.39
Basic shares outstanding	277	282	294	307	325	349	358	361	358	364	388	416	442	448	438	445	432	346	307	316	309	298	292	272	249	238	221	225	233	236	235	234
Margins
Gross margin	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	(165.0%)	34.2%	29.8%	26.4%	27.4%	14.8%	25.2%	25.0%	27.7%	26.7%	29.2%	28.7%	15.6%	–
Operating margin	18.0%	17.5%	15.3%	13.4%	11.1%	14.0%	11.5%	13.6%	10.9%	6.1%	4.8%	11.5%	69.2%	10.1%	8.2%	3.3%	10.4%	(7.1%)	(49.8%)	15.5%	13.6%	11.0%	11.1%	(2.9%)	6.5%	7.4%	9.6%	9.1%	9.8%	16.1%	(1.7%)	100.0%
Net margin	15.0%	13.5%	11.7%	10.2%	8.1%	10.6%	8.5%	10.1%	9.5%	(18.2%)	5.5%	10.5%	4.3%	0.9%	(0.2%)	3.3%	7.5%	(3.6%)	(29.8%)	11.4%	10.4%	8.4%	9.3%	(0.5%)	6.1%	3.2%	6.6%	6.4%	6.8%	9.6%	(0.8%)	4.6%

Analyst consensus

Buy42 analysts

Bearish · 0 · Hold · 20 · Bullish · 22

Earnings history

	EPS	Estimate
Q3 2024	$2.53	$2.54	Miss
Q4 2024	$2.94	$2.68	Beat
Q1 2025	$2.20	$2.15	Beat
Q2 2025	$3.41	$2.83	Beat
Q3 2025	$3.78	$3.09	Beat
Q4 2025	$4.06	$3.17	Beat
Q1 2026	$3.09	$3.39	Miss
Q2 2026	$3.42	$3.16	Beat

Peers

Company overview

IPO dateDec 15, 1995

CEOChristopher J. Swift

Employees19,200

SectorFinancial Services

IndustryInsurance - Diversified

CountryUS

ExchangeNew York Stock Exchange

Websitewww.thehartford.com

The Hartford Insurance Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. It operates through Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits and Hartford Funds. The company offers insurance coverage, including workers’ compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company also provides automobiles, homeowners, and personal umbrella coverages. The Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. In addition, it provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; leave management solution; distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Further, the company offers managed mutual funds across various asset classes; and exchange-traded funds through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.