NYSE : HIG
The Hartford Insurance Group, Inc. — Financial statements
Financials · Insurance - Diversified · United States
Last price 132.06 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 35.31B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 24.92B | 24.03B | 22.57B | 21.03B | 19.39B | 18.00B |
| Total Interest & Dividend Income | 2.73B | 2.62B | 2.44B | 2.12B | 1.66B | 1.54B |
| Gain (Loss) on Sale of Investments | -119.00M | -100.00M | -61.00M | -188.00M | -627.00M | 509.00M |
| Other Revenue | 2.06B | 1.83B | 1.61B | 1.60B | 1.94B | 2.30B |
| Total Revenue | 29.59B | 28.38B | 26.56B | 24.55B | 22.36B | 22.35B |
| Policy Benefits | 15.53B | 15.24B | 14.87B | 14.24B | 13.14B | 12.72B |
| Policy Acquisition & Underwriting Costs | 2.65B | 2.52B | 2.28B | 2.04B | 1.82B | 1.67B |
| Amortization of Goodwill & Intangibles | 71.00M | 71.00M | 71.00M | 71.00M | 71.00M | 71.00M |
| Selling, General & Administrative | 5.72B | 5.58B | 5.26B | 4.88B | 4.84B | 4.79B |
| Total Operating Expenses | 23.96B | 23.41B | 22.48B | 21.23B | 19.87B | 19.25B |
| Operating Income | 5.62B | 4.97B | 4.08B | 3.32B | 2.48B | 3.10B |
| Interest Expense | -201.00M | -207.00M | -224.00M | -225.00M | -207.00M | -193.00M |
| EBT Excluding Unusual Items | 5.42B | 4.76B | 3.85B | 3.09B | 2.27B | 2.91B |
| Merger & Restructuring Charges | -2.00M | -6.00M | -13.00M | -1.00M | ||
| Pretax Income | 5.42B | 4.76B | 3.85B | 3.09B | 2.26B | 2.90B |
| Income Tax Expense | 1.08B | 924.00M | 738.00M | 584.00M | 443.00M | 534.00M |
| Earnings From Continuing Ops. | 4.34B | 3.84B | 3.11B | 2.50B | 1.82B | 2.37B |
| Earnings From Discontinued Ops. | 269.00M | |||||
| Net Income | 4.61B | 3.84B | 3.11B | 2.50B | 1.82B | 2.37B |
| Preferred Dividends & Other Adjustments | 21.00M | 21.00M | 21.00M | 21.00M | 21.00M | 21.00M |
| Net Income to Common | 4.59B | 3.81B | 3.09B | 2.48B | 1.80B | 2.35B |
| Shares Outstanding (Basic) | 274.45M | 282.40M | 293.90M | 307.10M | 324.80M | 349.10M |
| Shares Outstanding (Diluted) | 278.02M | 286.50M | 298.60M | 311.50M | 329.50M | 354.10M |
| EPS (Basic) | 16.71 | 13.51 | 10.51 | 8.09 | 5.54 | 6.73 |
| EPS (Diluted) | 16.50 | 13.32 | 10.35 | 7.97 | 5.46 | 6.64 |
| Free Cash Flow | 6.95B | 5.75B | 5.76B | 4.00B | 3.83B | 3.96B |
| Free Cash Flow Per Share | 24.99 | 20.08 | 19.30 | 12.86 | 11.63 | 11.18 |
| Dividend Per Share | 2.40 | 2.16 | 1.93 | 1.75 | 1.58 | 1.44 |
| Operating Margin | 19.01% | 17.50% | 15.34% | 13.52% | 11.10% | 13.87% |
| Profit Margin | 15.50% | 13.44% | 11.63% | 10.11% | 8.04% | 10.51% |
| Free Cash Flow Margin | 23.48% | 20.27% | 21.70% | 16.31% | 17.14% | 17.72% |
| EBITDA | 5.96B | 5.23B | 4.32B | 3.74B | 3.03B | 3.72B |
| EBITDA Margin | 20.14% | 18.44% | 16.28% | 15.25% | 13.55% | 16.64% |
| D&A For EBITDA | 332.00M | 265.00M | 248.00M | 425.00M | 547.00M | 620.00M |
| EBIT | 5.62B | 4.97B | 4.08B | 3.32B | 2.48B | 3.10B |
| EBIT Margin | 19.01% | 17.50% | 15.34% | 13.52% | 11.10% | 13.87% |
| Effective Tax Rate | 20.00% | 19.41% | 19.17% | 18.91% | 19.58% | 18.38% |
| Revenue as Reported | 29.58B | 28.37B | 26.54B | 24.53B | 22.36B | 22.39B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 45.77B | 46.09B | 42.77B | 40.02B | 36.50B | 42.87B |
| Investments in Equity & Preferred Securities | 6.30B | 5.71B | 5.09B | 5.13B | 5.49B | 4.94B |
| Other Investments | 4.73B | 4.63B | 4.23B | 3.99B | 3.92B | 3.90B |
| Total Investments | 63.98B | 63.27B | 58.48B | 55.22B | 51.91B | 57.09B |
| Cash & Equivalents | 123.00M | 133.00M | 183.00M | 126.00M | 229.00M | 205.00M |
| Reinsurance Recoverable | 5.60B | 7.19B | 7.14B | 7.10B | 6.96B | 6.52B |
| Other Receivables | 7.28B | 6.87B | 6.46B | 6.01B | 5.68B | 4.76B |
| Deferred Policy Acquisition Cost | 1.49B | 1.35B | 1.24B | 1.11B | 998.00M | 881.00M |
| Property, Plant & Equipment | 864.00M | 931.00M | 888.00M | 896.00M | 927.00M | 1.03B |
| Goodwill | 1.64B | 1.91B | 1.91B | 1.91B | 1.91B | 1.91B |
| Other Intangible Assets | 504.00M | 566.00M | 637.00M | 707.00M | 778.00M | 849.00M |
| Restricted Cash | 55.00M | 44.00M | 51.00M | 63.00M | 115.00M | 132.00M |
| Other Current Assets | 953.00M | 20.00M | 57.00M | -1.00M | 34.00M | 8.00M |
| Long-Term Deferred Tax Assets | 1.43B | 901.00M | 1.23B | 1.17B | 1.44B | 270.00M |
| Other Long-Term Assets | 3.22B | 2.82B | 2.64B | 2.45B | 2.02B | 2.92B |
| Total Assets | 87.14B | 86.00B | 80.92B | 76.78B | 73.01B | 76.58B |
| Insurance & Annuity Liabilities | 48.74B | 47.32B | 45.67B | 43.44B | 42.40B | 40.94B |
| Unearned Premiums | 10.81B | 10.05B | 9.41B | 8.60B | 7.82B | 7.19B |
| Current Portion of Long-Term Debt | -4.00M | 3.00M | 6.00M | 6.00M | 45.00M | |
| Current Portion of Leases | 37.00M | |||||
| Current Income Taxes Payable | -18.00M | 56.00M | ||||
| Long-Term Debt | 4.38B | 4.37B | 4.37B | 4.36B | 4.36B | 4.94B |
| Long-Term Leases | 132.00M | 145.00M | 144.00M | 136.00M | 184.00M | |
| Other Current Liabilities | 241.00M | 17.00M | 12.00M | -14.00M | -19.00M | 11.00M |
| Other Long-Term Liabilities | 4.11B | 3.81B | 3.47B | 3.29B | 3.34B | 4.27B |
| Total Liabilities | 68.27B | 67.02B | 64.47B | 61.45B | 59.33B | 58.73B |
| Preferred Stock, Redeemable | 334.00M | 334.00M | 334.00M | 334.00M | 334.00M | 334.00M |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 4.00M |
| Additional Paid-In Capital | 524.00M | 549.00M | 578.00M | 648.00M | 1.90B | 3.31B |
| Retained Earnings | 27.71B | 24.74B | 21.53B | 19.01B | 17.06B | 15.76B |
| Treasury Stock | -5.86B | -4.59B | -3.11B | -1.82B | -1.77B | -1.74B |
| Comprehensive Income & Other | -3.84B | -2.06B | -2.89B | -2.85B | -3.84B | 172.00M |
| Total Common Equity | 18.54B | 18.64B | 16.11B | 14.99B | 13.34B | 17.51B |
| Shareholders' Equity | 18.87B | 18.98B | 16.45B | 15.33B | 13.68B | 17.84B |
| Total Liabilities & Equity | 87.14B | 86.00B | 80.92B | 76.78B | 73.01B | 76.58B |
| Filing Date Shares Outstanding | 267.41M | 275.86M | 285.39M | 297.35M | 313.06M | 331.65M |
| Total Common Shares Outstanding | 268.34M | 276.92M | 287.56M | 298.47M | 315.11M | 334.93M |
| Total Debt | 4.37B | 4.54B | 4.51B | 4.51B | 4.50B | 5.17B |
| Net Cash (Debt) | -4.25B | -4.41B | -4.33B | -4.39B | -4.27B | -4.97B |
| Net Cash Per Share | -15.28 | -15.39 | -14.49 | -14.08 | -12.96 | -14.03 |
| Book Value Per Share | 69.09 | 67.33 | 56.03 | 50.23 | 42.34 | 52.28 |
| Tangible Book Value | 16.40B | 16.17B | 13.56B | 12.38B | 10.65B | 14.75B |
| Tangible Book Value Per Share | 61.10 | 58.38 | 47.17 | 41.46 | 33.81 | 44.04 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.61B | 3.84B | 3.11B | 2.50B | 1.82B | 2.37B |
| Depreciation & Amortization | 332.00M | 265.00M | 248.00M | 425.00M | 547.00M | 620.00M |
| Other Amortization | 2.78B | 2.65B | 2.39B | 2.13B | 1.90B | 1.73B |
| Gain (Loss) on Sale of Assets | 18.00M | |||||
| Gain (Loss) on Sale of Investments | 30.00M | 95.00M | 97.00M | 50.00M | 694.00M | -507.00M |
| Change in Accounts Receivable | -316.00M | -419.00M | -458.00M | -708.00M | -562.00M | -190.00M |
| Reinsurance Recoverable | 1.48B | -63.00M | -54.00M | -155.00M | -470.00M | -583.00M |
| Change in Income Taxes | -145.00M | 42.00M | -100.00M | -29.00M | -80.00M | 85.00M |
| Change in Insurance Reserves / Liabilities | 2.30B | 2.27B | 3.06B | 1.82B | 2.19B | 2.41B |
| Change in Other Net Operating Assets | -1.54B | -282.00M | -268.00M | -7.00M | -146.00M | 24.00M |
| Other Operating Activities | -2.53B | -2.48B | -2.11B | -1.82B | -1.90B | -1.88B |
| Operating Cash Flow | 6.99B | 5.92B | 5.91B | 4.22B | 4.01B | 4.09B |
| Capital Expenditures | -46.00M | -169.00M | -145.00M | -215.00M | -175.00M | -133.00M |
| Investment in Securities | -3.69B | -3.06B | -3.37B | -2.05B | -537.00M | -1.45B |
| Other Investing Activities | -396.00M | -101.00M | 28.00M | -150.00M | 58.00M | -16.00M |
| Investing Cash Flow | -4.52B | -3.76B | -3.77B | -2.43B | -1.28B | -2.47B |
| Long-Term Debt Issued | 588.00M | |||||
| Total Debt Issued | 588.00M | |||||
| Total Debt Repaid | -600.00M | |||||
| Net Debt Issued (Repaid) | -600.00M | 588.00M | ||||
| Issuance of Common Stock | 22.00M | 6.00M | 25.00M | |||
| Repurchases of Common Stock | -1.81B | -1.63B | -1.51B | -1.40B | -1.57B | -1.70B |
| Common Dividends Paid | -642.00M | -592.00M | -556.00M | -528.00M | -506.00M | -485.00M |
| Preferred Dividends Paid | -21.00M | -21.00M | -21.00M | -21.00M | -21.00M | -21.00M |
| Total Dividends Paid | -663.00M | -613.00M | -577.00M | -549.00M | -527.00M | -506.00M |
| Financing Cash Flow | -2.47B | -2.23B | -2.08B | -1.95B | -2.71B | -1.58B |
| Foreign Exchange Rate Adjustments | -8.00M | 14.00M | -20.00M | 3.00M | -14.00M | -6.00M |
| Miscellaneous Cash Flow Adjustments | -6.00M | 58.00M | ||||
| Net Cash Flow | -17.00M | -57.00M | 45.00M | -155.00M | 7.00M | 98.00M |
| Free Cash Flow | 6.95B | 5.75B | 5.76B | 4.00B | 3.83B | 3.96B |
| Free Cash Flow Margin | 23.48% | 20.27% | 21.70% | 16.31% | 17.14% | 17.72% |
| Free Cash Flow Per Share | 24.99 | 20.08 | 19.30 | 12.86 | 11.63 | 11.18 |
| Levered Free Cash Flow | 7.38B | 5.81B | 5.14B | 4.73B | 2.94B | 3.61B |
| Unlevered Free Cash Flow | 7.51B | 5.94B | 5.28B | 4.88B | 3.07B | 3.73B |
| Cash Interest Paid | 203.00M | 206.00M | 211.00M | 209.00M | 212.00M | 214.00M |
| Cash Income Tax Paid | 863.00M | 863.00M | 812.00M | 622.00M | 548.00M | 496.00M |
| Change in Working Capital | 1.77B | 1.55B | 2.18B | 920.00M | 934.00M | 1.75B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 36.24B | 38.40B | 31.71B | 24.18B | 24.12B | 23.50B |
| Enterprise Value | 40.49B | 42.95B | 36.20B | 28.76B | 28.65B | 28.59B |
| PE Ratio | 8.21 | 10.06 | 10.26 | 9.74 | 13.42 | 10.00 |
| PS Ratio | 1.22 | 1.35 | 1.19 | 0.98 | 1.08 | 1.05 |
| PB Ratio | 1.96 | 2.02 | 1.93 | 1.58 | 1.76 | 1.32 |
| P/FCF Ratio | 5.22 | 6.67 | 5.50 | 6.04 | 6.29 | 5.93 |
| P/OCF Ratio | 5.18 | 6.48 | 5.37 | 5.73 | 6.02 | 5.74 |
| EV/Sales Ratio | 1.37 | 1.51 | 1.36 | 1.17 | 1.28 | 1.28 |
| EV/EBITDA Ratio | 6.80 | 8.21 | 8.37 | 7.68 | 9.46 | 7.69 |
| EV/EBIT Ratio | 7.20 | 8.65 | 8.88 | 8.66 | 11.54 | 9.22 |
| EV/FCF Ratio | 5.83 | 7.47 | 6.28 | 7.18 | 7.47 | 7.22 |
| Debt / Equity Ratio | 0.23 | 0.24 | 0.27 | 0.29 | 0.33 | 0.29 |
| Debt / EBITDA Ratio | 0.73 | 0.86 | 1.04 | 1.20 | 1.47 | 1.37 |
| Debt / FCF Ratio | 0.63 | 0.79 | 0.78 | 1.13 | 1.17 | 1.31 |
| Net Debt / Equity Ratio | 0.23 | 0.23 | 0.26 | 0.29 | 0.31 | 0.28 |
| Net Debt / EBITDA Ratio | 0.71 | 0.84 | 1.00 | 1.17 | 1.41 | 1.34 |
| Net Debt / FCF Ratio | 0.61 | 0.77 | 0.75 | 1.09 | 1.11 | 1.25 |
| Quick Ratio | 1.02 | 1.08 | 1.09 | 1.12 | 1.15 | 1.15 |
| Current Ratio | 1.67 | 1.84 | 1.91 | 2.00 | 2.15 | 2.11 |
| Asset Turnover | 0.34 | 0.34 | 0.34 | 0.33 | 0.30 | 0.30 |
| Return on Equity (ROE) | 23.25% | 21.66% | 19.58% | 17.27% | 11.54% | 13.03% |
| Return on Assets (ROA) | 4.08% | 3.72% | 3.23% | 2.77% | 2.07% | 2.57% |
| Return on Invested Capital (ROIC) | 19.04% | 18.00% | 16.15% | 14.16% | 9.69% | 10.95% |
| Earnings Yield | 12.18% | 9.99% | 9.81% | 10.36% | 7.54% | 10.09% |
| FCF Yield | 19.17% | 14.98% | 18.18% | 16.57% | 15.89% | 16.85% |
| Dividend Yield | 1.98% | 1.56% | 1.75% | 2.15% | 2.06% | 2.05% |
| Payout Ratio | 16.24% | 15.98% | 18.55% | 21.93% | 28.97% | 21.34% |
| Buyback Yield / Dilution | 3.95% | 4.05% | 4.14% | 5.46% | 6.95% | 1.80% |
| Total Shareholder Return | 5.92% | 5.61% | 5.89% | 7.62% | 9.01% | 3.85% |