HARTFORD FINANCIAL SERVICES GROUP, INC.

10-K & 10-Q Filings

The Hartford Financial Services Group, Inc. is a holding company that provides property and casualty insurance, group benefits insurance and services, and mutual funds and exchange-traded funds to individuals and businesses in the United States and the United Kingdom. The company's mission is to provide people with the support and protection they need to pursue their ambitions and prevail through unexpected challenges. Its strategy focuses on advancing underwriting excellence, emphasizing digital capabilities, maximizing distribution channels, optimizing organizational efficiency, and embedding sustainability principles into its business. The Hartford operates through five reporting segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Hartford Funds. Commercial Lines offers a range of insurance products and services to businesses, including automobile, property, general liability, marine, professional liability, bond, and assumed reinsurance. Personal Lines provides automobile, homeowners, and personal umbrella coverages to individuals, primarily through a program designed exclusively for members of AARP. The company's website is www.thehartford.com, and its ticker symbol is TH. Its business strategy includes advancing leading underwriting capabilities, embracing a culture of growth and innovation, emphasizing digital capabilities and data science, maximizing distribution channels and product breadth, optimizing organizational efficiency, and balancing use of excess capital for growth initiatives, investments in the business, and return to stockholders. The Hartford's Commercial Lines segment offers insurance products and services to businesses, including automobile, property, general liability, marine, professional liability, bond, and assumed reinsurance. The segment serves small businesses, middle market companies, and national and multi-national accounts, and it is distributed through retail agents and brokers, wholesale agents and global and specialty insurance and reinsurance brokers. The Personal Lines segment provides automobile, homeowners, and personal umbrella coverages to individuals, primarily through a program designed exclusively for members of AARP. The segment markets its products through a mix of media, including direct mail, digital marketing, television, and digital and print advertising, as well as through a network of independent agents. The Hartford's Group Benefits segment offers group benefits insurance and services to employers and their employees, including disability income, group life, accident, and critical illness insurance, as well as absence and leave management solutions. The segment serves employers of all sizes, with a focus on those with under 500 lives. The Hartford Funds segment offers mutual funds and exchange-traded funds to individual and institutional investors. The segment's investment strategies cover a range of asset classes, including equity, fixed income, alternative, and multi-asset. The Property & Casualty Other Operations segment includes various property and casualty insurance and reinsurance operations that do not fit within the Commercial Lines or Personal Lines segments. The segment includes the Company's Lloyd's Syndicate 1221, which underwrites business in the Lloyd's of London market. The Hartford's website is www.thehartford.com, and its ticker symbol is TH.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$21859.00
26412.00
26236.00
18614.00
18377.00
18300.00
16974.00
18955.00
20740.00
20523.00
22390.00
22362.00
24527.00
5910.00
6419.00
0.96%8.61%Premiums Earned (+)
$14088.00
13631.00
13226.00
13336.00
13577.00
13811.00
14141.00
15869.00
16923.00
17288.00
17999.00
19390.00
21026.00
5063.00
5446.00
3.39%7.56%Selling, General & Administrative (-)
$
4480.00
4779.00
4830.00
4881.00
1216.00
1283.00
5.51%Depreciation & Amortization (-)
$
14.00
68.00
66.00
72.00
71.00
71.00
71.00
18.00
18.00
0.00%Non-recurring Operating Expenses (-)
$30.00
104.00
1.00
13.00
6.00
1.00
-12.55%Operating Expenses (-)
$4936.00
5694.00
3102.00
4404.00
4129.00
3972.00
4705.00
4647.00
4905.00
4892.00
5085.00
5127.00
5157.00
1284.00
1352.00
0.37%5.30%Costs & Expenses (Total) (-)
$21629.00
26939.00
26173.00
16915.00
16399.00
22991.00
16251.00
17202.00
18180.00
18403.00
19494.00
20104.00
21439.00
5257.00
5508.00
-0.07%4.77%Operating Income/Loss (+)
$230.00
-527.00
63.00
2052.00
2328.00
1793.00
723.00
1753.00
2560.00
2120.00
2896.00
2258.00
3088.00
653.00
911.00
24.16%39.51%Non-operating Income/Expense (+)
$
-1443.00
-213.00
23.00
7.00
-650.00
-6.00
-90.00
Interest Expense (-)
$508.00
457.00
397.00
376.00
357.00
339.00
316.00
298.00
259.00
236.00
234.00
213.00
199.00
50.00
50.00
-7.51%0.00%Earnings before Tax (+)
$230.00
-527.00
63.00
1699.00
1978.00
804.00
723.00
1753.00
2560.00
2120.00
2896.00
2258.00
3088.00
653.00
911.00
24.16%39.51%Tax Expense (-)
$-346.00
-494.00
-247.00
350.00
305.00
-92.00
985.00
268.00
475.00
383.00
531.00
443.00
584.00
118.00
158.00
33.90%Income/Loss (Continuing Operations) (+)
$576.00
-33.00
310.00
1349.00
1673.00
896.00
-262.00
1485.00
2085.00
1737.00
2365.00
1815.00
2504.00
535.00
753.00
13.03%40.75%Income/Loss (Discontinued Operations) (+)
$86.00
-5.00
-134.00
-551.00
9.00
-2869.00
322.00
Profit/Loss (+)
$
-38.00
176.00
798.00
1682.00
896.00
Net Income/Loss (+)
$662.00
-80.00
166.00
798.00
1682.00
896.00
-3131.00
1807.00
2085.00
1737.00
2365.00
1815.00
2504.00
535.00
753.00
11.72%40.75%Preferred & Other Distributions (-)
$42.00
42.00
10.00
21.00
5.00
-5.61%Net Income/Loss (Common) (+)
$620.00
-80.00
166.00
798.00
1682.00
896.00
-3131.00
1801.00
2064.00
1716.00
2344.00
1794.00
2483.00
530.00
748.00
12.26%41.13%EPS (Basic)
$1.39
-0.18
0.37
1.81
-8.61
5.03
5.72
4.79
6.71
5.52
8.09
1.69
2.51
15.81%48.52%EPS (Diluted)
$1.30
-0.18
0.34
1.73
3.96
2.27
-8.61
4.95
5.66
4.76
6.62
5.44
7.97
1.66
2.47
16.31%48.80%Weighted Avg Shares (Basic)
440.24
436.60
446.34
420.95
356.98
359.47
358.25
357.51
331.65
313.06
297.35
310.23
295.76
-3.22%-4.67%Cash
$2581.00
2421.00
1428.00
399.00
448.00
882.00
180.00
121.00
185.00
151.00
205.00
229.00
126.00
152.00
274.00
-22.25%80.26%Short-term Investments
$7736.00
4581.00
4008.00
5371.00
2346.00
3537.00
2270.00
4283.00
2921.00
3283.00
5791.00
5660.00
4714.00
5361.00
3711.00
-4.04%-30.78%Receivables
$3446.00
3542.00
3465.00
3429.00
3537.00
3731.00
3910.00
3995.00
4384.00
4268.00
4445.00
4949.00
5607.00
5271.00
5988.00
4.14%13.60%Securities & Long-term Investments
$134948.00
134250.00
98401.00
76278.00
72728.00
70637.00
45146.00
46790.00
53030.00
56532.00
57749.00
52560.00
55922.00
53667.00
56107.00
-7.08%4.55%Property, Plant & Equipment (Net)
$1029.00
977.00
877.00
831.00
974.00
991.00
1034.00
1006.00
1181.00
1122.00
1027.00
927.00
896.00
904.00
879.00
-1.15%-2.77%Goodwill & Intangibles
$1006.00
654.00
498.00
498.00
498.00
567.00
1949.00
1947.00
2983.00
2861.00
2769.00
2689.00
2618.00
2671.00
2601.00
8.30%-2.62%Other Assets
$153318.00
152088.00
169207.00
158207.00
147817.00
143087.00
170771.00
4165.00
6133.00
5894.00
4592.00
6008.00
6897.00
6223.00
8150.00
-22.78%30.97%Assets (Total)
$304064.00
298513.00
277884.00
245013.00
228348.00
223432.00
225260.00
62307.00
70817.00
74111.00
76578.00
73022.00
76780.00
74249.00
77710.00
-10.84%4.66%Debt (Current)
$
320.00
438.00
456.00
275.00
416.00
320.00
413.00
500.00
Insurance Liabilities
$46238.00
46137.00
46598.00
79231.00
78627.00
78209.00
39138.00
39720.00
44542.00
45823.00
48136.00
50277.00
52039.00
50984.00
52903.00
0.99%3.76%Securities (Liabilities)
$
162442.00
158.00
Debt (Non-current)
$6216.00
7126.00
12650.00
6109.00
5359.00
5052.00
4998.00
4678.00
4848.00
4352.00
4944.00
4357.00
4362.00
4358.00
4363.00
-2.91%0.11%Other Liabilities
$228700.00
222483.00
199293.00
140497.00
126445.00
122852.00
4868.00
4395.00
4657.00
5222.00
5655.00
4757.00
5052.00
4567.00
4976.00
-27.22%8.96%Liabilities (Total)
$281154.00
276066.00
258979.00
226293.00
210706.00
206529.00
211766.00
49206.00
54547.00
55555.00
58735.00
59391.00
61453.00
59909.00
62242.00
-11.90%3.89%Treasury Stock
$1718.00
1740.00
1598.00
2527.00
3557.00
1125.00
1194.00
1091.00
1117.00
1192.00
1740.00
1773.00
1816.00
2044.00
2037.00
0.46%-0.34%Retained Earnings
$12519.00
10745.00
10683.00
11191.00
12550.00
13114.00
9642.00
11055.00
12685.00
13918.00
15764.00
17048.00
19007.00
17454.00
19614.00
3.54%12.38%AOCI
$1157.00
2843.00
-79.00
928.00
-329.00
-337.00
663.00
-1579.00
52.00
1170.00
172.00
-3876.00
-2849.00
-3254.00
-2997.00
7.90%Shareholder's Equity
$22910.00
22447.00
18905.00
18720.00
17642.00
16903.00
13494.00
13101.00
16270.00
18556.00
17843.00
13631.00
15327.00
14340.00
15468.00
-3.29%7.87%Liabilities & Equity
$304064.00
298513.00
277884.00
245013.00
228348.00
223432.00
225260.00
62307.00
70817.00
74111.00
76578.00
73022.00
76780.00
74249.00
77710.00
-10.84%4.66%Net Income/Loss
$662.00
-38.00
176.00
798.00
1682.00
896.00
-3131.00
1807.00
2085.00
1737.00
2365.00
1815.00
2504.00
535.00
753.00
11.72%40.75%Depreciation & Amortization
$668.00
467.00
189.00
276.00
373.00
398.00
399.00
467.00
451.00
562.00
680.00
625.00
510.00
129.00
127.00
-2.22%-1.55%Increase/Decrease in Working Capital
$-3250.00
-1863.00
-8816.00
-3466.00
1097.00
1197.00
800.00
1250.00
440.00
233.00
-10.00
1012.00
1239.00
413.00
419.00
1.45%Adjustments to Reconcile Net Income
$1612.00
2719.00
1061.00
1088.00
1074.00
1170.00
5317.00
1036.00
1404.00
2134.00
1728.00
2193.00
1716.00
336.00
344.00
0.52%2.38%Net Cash (Operating)
$2274.00
2681.00
1237.00
1886.00
2756.00
2066.00
2186.00
2843.00
3489.00
3871.00
4093.00
4008.00
4220.00
871.00
1097.00
5.29%25.95%Capital Expenditure
$-278.00
-58.00
-815.00
-842.00
307.00
399.00
1451.00
-993.00
2006.00
114.00
122.00
175.00
215.00
49.00
50.00
2.04%Net Cash (Investing)
$-1182.00
-2557.00
3745.00
1696.00
485.00
949.00
-1442.00
-1962.00
-2148.00
-2066.00
-2466.00
-1277.00
-2431.00
-446.00
-435.00
2.47%Increase/Decrease in Debt
$-473.00
-163.00
-882.00
-16794.00
-2127.00
-1074.00
-920.00
-785.00
-208.00
-542.00
602.00
-614.00
-4.00
-24.00
-6.00
75.00%Increase/Decrease in Equity
$-46.00
-454.00
-633.00
-1766.00
-1208.00
-1321.00
-1038.00
-16.00
-206.00
-150.00
-1702.00
-1550.00
-1400.00
-350.00
-350.00
0.00%Interest Expenses
$501.00
461.00
402.00
377.00
361.00
322.00
292.00
261.00
232.00
214.00
212.00
209.00
61.00
52.00
-7.03%-14.75%Dividends Paid
$195.00
217.00
223.00
282.00
316.00
334.00
341.00
379.00
454.00
478.00
506.00
527.00
549.00
139.00
146.00
9.01%5.04%Net Cash (Financing)
$-609.00
-228.00
-5820.00
-4476.00
-3144.00
-2541.00
-979.00
-1467.00
-1191.00
-1778.00
-1581.00
-2710.00
-1947.00
-545.00
-529.00
2.94%Cash Taxes Paid
$179.00
-486.00
69.00
-313.00
80.00
-130.00
6.00
-9.00
-396.00
-71.00
496.00
548.00
622.00
-2.00
10.94%Effect of Exchange Rate
$36.00
-56.00
-155.00
-135.00
-48.00
-40.00
70.00
-10.00
-9.00
8.00
-6.00
-14.00
3.00
-6.00
-18.70%Increase/Decrease in Cash
$
-148.00
-59.00
141.00
-23.00
98.00
7.00
-155.00
-126.00
133.00
205.56%Cash (Beginning)
$
121.00
262.00
239.00
337.00
344.00
344.00
189.00
-45.06%Cash (Ending)
$
262.00
239.00
337.00
344.00
189.00
218.00
322.00
47.71%NOPAT
$576.00
-1013.00
310.00
1629.28
2233.84
2082.91
717.00
2021.00
2085.00
1737.00
2400.00
1710.00
2466.00
535.00
753.00
12.88%40.75%Operating Margin %
1.05%
-2.00%
0.24%
11.02%
12.67%
9.80%
4.26%
9.25%
12.34%
10.33%
12.93%
10.10%
12.59%
11.05%
14.19%
NOPAT Margin %
2.64%
-3.84%
1.18%
8.75%
12.16%
11.38%
4.22%
10.66%
10.05%
8.46%
10.72%
7.65%
10.05%
9.05%
11.73%
Net Margin %
3.03%
-0.30%
0.63%
4.29%
9.15%
4.90%
-18.45%
9.53%
10.05%
8.46%
10.56%
8.12%
10.21%
9.05%
11.73%
Tax Rate %
-150.43%
-92.22%
-392.06%
20.60%
4.04%
-16.17%
0.83%
-15.29%
18.55%
18.07%
17.13%
24.27%
20.14%
18.07%
17.34%
ROA
0.19%
-0.34%
0.11%
0.66%
0.98%
0.93%
0.32%
3.24%
2.94%
2.34%
3.13%
2.34%
3.21%
0.72%
0.97%
ROE
2.51%
-4.51%
1.64%
8.70%
12.66%
12.32%
5.31%
15.43%
12.81%
9.36%
13.45%
12.54%
16.09%
3.73%
4.87%
ROIC
28.30%
-62.11%
22.55%
122.59%
151.76%
133.69%
24.04%
68.44%
50.07%
43.61%
63.22%
47.29%
70.18%
14.97%
21.64%
Asset Turnover
0.07
0.09
0.09
0.08
0.08
0.08
0.08
0.30
0.29
0.28
0.29
0.31
0.32
0.08
0.08
Equity Multiplier
13.27
13.30
14.70
13.09
12.94
13.22
16.69
4.76
4.35
3.99
4.29
5.36
5.01
5.18
5.02
Current Ratio
32.95
20.32
20.17
23.02
19.59
19.88
20.34
14.98
Quick Ratio
32.95
20.32
20.17
23.02
19.59
19.88
20.34
14.98
Debt/Equity Ratio
0.27
0.33
0.69
0.35
0.32
0.32
0.39
0.39
0.33
0.23
0.28
0.32
0.28
0.30
0.28
Interest Coverage Ratio
0.46
-1.14
0.16
5.44
6.45
2.25
6.00
9.81
9.14
13.53
10.65
14.78
10.70
17.52
Dividend Payout Ratio %
33.85%
21.42%
71.94%
17.31%
14.15%
16.04%
47.56%
18.75%
21.77%
27.52%
21.08%
30.82%
22.26%
25.98%
19.39%
Total Payout
$1215.00
1295.00
2140.00
19219.00
4012.00
2729.00
2621.00
1472.00
1129.00
1402.00
1820.00
2903.00
2162.00
574.00
554.00
4.92%-3.48%Payout Ratio %
210.94%
127.84%
690.32%
1179.60%
179.60%
131.02%
365.55%
72.84%
54.15%
80.71%
75.83%
169.77%
87.67%
107.29%
73.57%