The Hartford Financial Services Group Inc

Latest Results (23.10.2025):

The Hartford Financial Services Group Inc reported robust financial results for the fourth quarter of 2024, showcasing an 11% increase in net income compared to the same period in 2023. The company also demonstrated strong performance over the full year, with significant growth in net income and core earnings, underpinned by increased premiums and effective management of combined ratios.

Net Income Growth

In the fourth quarter of 2024, The Hartford achieved a net income of $848 million, or $2.88 per diluted share, marking an 11% increase from $766 million, or $2.51 per diluted share, in Q4 2023. For the full year, net income rose by 24% to $3.1 billion, translating to $10.35 per diluted share, compared to $2.5 billion, or $7.97 per diluted share, in 2023.

Core Earnings Performance

Core earnings for Q4 2024 stood at $865 million ($2.94 per diluted share), reflecting a 7% decrease from $935 million ($3.06 per diluted share) in the same quarter of 2023. However, for the full year, core earnings increased by 11% to $3.1 billion ($10.30 per diluted share) from $2.8 billion ($8.88 per diluted share) in 2023.

Return on Equity

The Hartford reported a net income ROE of 19.9% for the year, up from 17.5% in 2023. Core earnings ROE also improved to 16.7%, compared to 15.8% in the previous year, highlighting enhanced profitability relative to shareholders' equity.

Premium Growth in Property & Casualty

Property & Casualty (P&C) written premiums increased by 7% in Q4 2024 year-over-year and by 10% for the full year. This growth was driven by Commercial Lines and Personal Lines, which saw premium increases of 6% and 12% in Q4, and 9% and 13% respectively for the year.

Improvement in Combined Ratios

The company reported favorable combined ratios in both Commercial and Personal Lines for Q4 2024. Commercial Lines achieved a combined ratio of 87.4 and an underlying combined ratio of 87.1, while Personal Lines improved to a combined ratio of 85.8, a 15.4-point improvement from Q4 2023. For the full year, combined ratios stood at 89.9 for Commercial Lines and 99.1 for Personal Lines, showing significant enhancements compared to the previous year.

Strong Group Benefits Margins

The Group Benefits segment delivered a net income margin of 7.1% and a core earnings margin of 7.8% in Q4 2024. For the full year, the margins were 7.9% and 8.2% respectively, indicating sustained profitability and effective management within this segment.

Stockholder Returns

The Hartford returned $537 million to stockholders in Q4 2024 through $400 million in share repurchases and $137 million in dividends. Over the full year, total returns amounted to $2.1 billion, including $1.5 billion in share repurchases and $556 million in dividends, reflecting the company's commitment to rewarding its shareholders.