Track market-moving stories before they get noisy

Core Earnings: $945 million or $3.42 per diluted share.Core Earnings ROE: 18.7% over the trailing 12 months.Book Value per Share (excluding AOCI): $78.91, incr

Key Takeaways HIG reported Q2 EPS of $3.42, beating estimates and up 5.6% year over year. HIG benefited from higher investment income and Business Insurance premium growth. HIG returned $615 million to shareholders and approved a new $4.2 billion repurchase program. The Hartford Insurance Group, Inc. (HIG - Free Report) delivered second-quarter fiscal 2026 earnings per share of $3.42, up 6% year over year and above the Zacks Consensus Estimate of $3.12 by 9.6%. 

Revenues came in at $5.23 billion, topping the consensus mark of $5.19 billion by 0.8%. The top line improved 6.8% year over year.

The quarterly results benefited from higher investment income, premium growth in Business Insurance and improving Personal Insurance profitability. Strong new business expansion in Small Business and favorable pricing trends supported results. However, the upside was partly offset by an increased expense level, higher catastrophe losses and weaker Employee Benefits profitability.

HIG Benefits From Investment Income GrowthThe Hartford’s second-quarter core earnings inched up 1% year over year to $945 million. Net income available to common stockholders rose 31% year over year to $1.3 billion, helped by stronger operating performance and income from discontinued operations.

Earned premiums grew 5.3% year over year to $6.3 billion, marginally higher than the Zacks Consensus Estimate. Net investment income, before tax, advanced 22% year over year to $800 million, higher than the consensus mark of $746 million. The increase reflected higher income from limited partnerships and other alternative investments, along with growth in invested assets.

Total benefits, losses and expenses escalated 8.8% year over year to $6 billion due to higher amortization of DAC and insurance operating expenses.

P&C current accident year catastrophe losses were $222 million, up 4.7% year over year.

HIG Business Insurance Delivers Steady GrowthThe Business Insurance unit remained the largest contributor to operating performance, with written premiums rising 5% year over year to $4 billion. Net income rose 1% to $704 million, while core earnings declined marginally year over year to $695 million, as higher premium growth and investment income were offset by underwriting pressures. 

The segment’s combined ratio deteriorated to 91.4 from 87 in the prior-year quarter, pressured by less favorable prior-year development and higher catastrophe losses. The metric compared favorably with the Zacks Consensus Estimate of 92. 

Small Business delivered improvement, with written premiums increasing 7% year over year and the combined ratio improving to 85.9. Growth was supported by double-digit new business expansion.

HIG Personal Insurance Improves ProfitabilityPersonal Insurance continued its turnaround, with core earnings rising 36% year over year to $128 million. Written premiums declined 7% to $915 million as competitive market conditions weighed on growth.

Profitability improved significantly, with the combined ratio improving to 90.1 from 94.1 in the prior-year quarter. The metric compared favorably with the consensus mark of 97. 

The segment’s underlying loss and loss adjustment expense ratio improved 280 basis points to 60. Pricing increases outpaced loss cost trends, helping offset pressure from lower earned premiums and higher expenses.

HIG P&C Other Ops Remain StableP&C Other Operations reported core earnings of $17 million, up 21% year over year. Revenues increased 35.3% year over year to $23 million.  

HIG’s Employee Benefits Faces Cost PressureEmployee Benefits reported core earnings of $139 million, down 15% year over year. The decline reflected higher losses, particularly in group disability, although premium growth remained positive.

Fully insured ongoing premiums increased 5% to $1.7 billion. The segment’s core earnings margin was 7.4%, supported by strong life results and solid disability performance.

The loss ratio deteriorated to 72.5% from 69.1% in the prior-year quarter, while the expense ratio improved to 25.2% from 25.7% due to earned premium growth and lower commissions, partially offset by higher technology costs.

The Hartford Funds Sale Boosts Corporate ResultsHartford Funds was reclassified as discontinued operations following the agreement to sell Hartford Funds Management, Inc. The transaction resulted in income from discontinued operations of $318 million before tax in the second quarter of fiscal 2026 compared with $57 million in the prior-year quarter, primarily due to a $251 million income tax benefit related to the sale.

Corporate reported net income of $300 million in the quarter compared with $45 million a year ago, while core earnings resulted in a loss of $34 million, narrower than a loss of $36 million in the prior-year period. The improvement in reported results was primarily driven by the Hartford Funds transaction impact.

HIG’s Financial Update (as of June 30, 2026)The Hartford exited the second quarter with total assets of $88 billion, up 2.3% from 2025-end, while total investments inched up 0.8% from 2025-end level to $64 billion. Cash rose 2.5% to $125 million during the same period. 

Debt remained largely stable at $4.4 billion. Total stockholders’ equity came in at $19.6 billion, up 3.4% from year-end 2025. Book value per share excluding AOCI improved 7.2% year over year to $78.91. 

Operating cash flow was $2.2 billion in the first half of 2026, down marginally from the prior-year comparable period. 

HIG Strengthens Capital ReturnsThe Hartford continued its capital deployment efforts during the quarter, returning $615 million to shareholders. The company repurchased $450 million of shares and paid $165 million in common stock dividends.

The board also authorized a new $4.2 billion share repurchase program effective Aug. 1, 2026, through the end of 2028. This authorization represents a 27% increase from the previous program.

HIG Maintains Strong Operating MetricsThe company generated a trailing 12-month core earnings return on equity of 18.7%, which improved 270 basis points year over year. 

HIG’s Zacks RankThe Hartford currently has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other InsurersOf the insurance industry players that have reported second-quarter 2026 results so far, the bottom-line results of RenaissanceRe Holdings Ltd. (RNR - Free Report) , Chubb Limited (CB - Free Report) and First American Financial Corporation (FAF - Free Report) beat the respective Zacks Consensus Estimate.

RenaissanceRe reported second-quarter 2026 operating income of $12.92 per share, which surpassed the Zacks Consensus Estimate by 12.9%.  The bottom line also improved 5.1% year over year. Total operating revenues declined 6.7% year over year to $2.64 billion. The top line missed the consensus mark by 1%. Net premiums earned declined 8.8% year over year to $2.2 billion. Net investment income of $432.5 million advanced 4.7% year over year in the quarter. 

RenaissanceRe's underwriting income declined 0.4% year over year to $599.1 million. The combined ratio improved to 72.8% from 75.1% in the year-ago quarter. The Property segment’s net premiums earned of $881.6 million increased 1.6% year over year. It generated an underwriting income of $642.7 million, which increased 2% year over year. The Casualty & Specialty Segment unit recorded net premiums earned of $1.3 billion, which tumbled 14.7% year over year to $1.32 billion. 

Chubb’s second-quarter 2026 core operating earnings of $7.26 per share beat the Zacks Consensus Estimate of $6.63 by 9.5%. The bottom line increased 18.2% year over year. Revenues rose 2.7% year over year to $15.77 billion but missed the consensus mark of $15.90 billion by 0.8%. P&C underwriting income increased 18.8% year over year to $1.94 billion. The combined ratio improved 180 basis points to 83.8%. Consolidated net premiums written increased 3.6% year over year to $14.71 billion. Pre-tax net investment income increased 12.3% to a record $1.76 billion. 

Global P&C net premiums written, excluding agriculture, advanced 2.8% to $11.99 billion. Life insurance net premiums written grew 7.5% to $1.94 billion. North America Commercial P&C net premiums written declined 2.3% to $5.59 billion. Major accounts and specialty fell 9.0% as underwriting actions weighed on property business, while middle-market and small commercial premiums increased 8.9% to $2.34 billion. Overseas General Insurance net premiums written jumped 10.2% to $3.99 billion, or 4.8% in constant dollars. 

First American Financial reported second-quarter 2026 operating earnings of $2.08 per share, which beat the Zacks Consensus Estimate by 15.6% and rose 35.9% year over year. Operating revenues climbed 15% to $2.1 billion. The top line surpassed the consensus estimate by 4.4%. Direct premiums and escrow fees reached $794.1 million, marking a 14.8% increase from the prior-year level. Investment income totaled $183.7 million in the second quarter, up 14.7% year over year. 

In the Title Insurance and Services unit, total revenues rose 16.9% year over year to $2 billion. Investment income increased 11% to $164 million. Adjusted pretax margin expanded 310 bps to 15.7%. Title open orders increased 0.7% to 188,200, while closed orders declined 0.7% to 137,300. Average revenue per direct title order increased to $4,572, reflecting a 31% increase in commercial average revenue per order. In the Home Warranty segment, total revenues rose 3.3% to $113.8 million, exceeding our model estimate of $111 million. Pretax income climbed 8.5% year over year to $24.2 million. 

The Hartford Insurance Group (HIG - Free Report) reported $5.23 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.8%. EPS of $3.42 for the same period compares to $3.41 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $5.19 billion, representing a surprise of +0.75%. The company delivered an EPS surprise of +9.62%, with the consensus EPS estimate being $3.12.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how The Hartford Insurance Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Business Insurance- Underlying combined ratio: 89.3% compared to the 88.6% average estimate based on six analysts.Personal Insurance - Loss and loss adjustment expense ratio: 63.8% compared to the 70.5% average estimate based on six analysts.Personal Insurance - Underlying combined ratio: 86.3% versus 87.8% estimated by six analysts on average.Personal Insurance - Combined ratio: 90.1% compared to the 96.5% average estimate based on six analysts.Revenue- Earned Premium- Personal Insurance: $905 million versus the six-analyst average estimate of $914.38 million. The reported number represents a year-over-year change of -2.8%.Revenue- Property & Casualty- Net investment income: $645 million versus the six-analyst average estimate of $585.92 million. The reported number represents a year-over-year change of +22.6%.Employee Benefits- Total revenues: $1.91 billion versus $1.83 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.Employee Benefits- Net investment income: $137 million compared to the $134.52 million average estimate based on six analysts. The reported number represents a change of +16.1% year over year.Employee Benefits- Premiums and other considerations: $1.77 billion compared to the $1.69 billion average estimate based on six analysts.Business Insurance- Fee income: $12 million compared to the $11.22 million average estimate based on six analysts. The reported number represents a change of +9.1% year over year.Business Insurance- Earned premiums: $3.66 billion compared to the $3.67 billion average estimate based on six analysts. The reported number represents a change of +7% year over year.Revenue- Fee income- Personal Insurance: $7 million versus $8.17 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -12.5% change.View all Key Company Metrics for The Hartford Insurance Group here>>>

Shares of The Hartford Insurance Group have returned +6.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Key Takeaways Hartford is expected to report revenue growth in Q2, but EPS is projected to decline year over year.HIG may benefit from higher premiums, fee income and investment income across key business segments.Hartford faces pressure from higher costs, weaker combined ratios and fewer policies in force. The Hartford Insurance Group, Inc. (HIG - Free Report) is set to report second-quarter 2026 results on July 23, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $3.13 per share on revenues of $5.2 billion.

The second-quarter earnings estimate has witnessed no upward estimate revisions against one downward movement over the past seven days. Meanwhile, the bottom-line projection indicates a year-over-year decline of 8.2%. The Zacks Consensus Estimate for quarterly revenues suggests year-over-year growth of 6%.

Image Source: Zacks Investment Research

For the current year, the Zacks Consensus Estimate for Hartford’s revenues is pegged at $21 billion, implying a rise of 4.8% year over year. However, the consensus mark for current-year EPS is pegged at $12.74, implying a fall of around 5.1% on a year-over-year basis.

HIG beat the consensus estimate for earnings in three of the last four quarters and missed once, with the average surprise being 16.5%.

Q2 Earnings Whispers for HIGOur proven model does not predict an earnings beat for Hartford Insurance this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.

HIG has an Earnings ESP of -3.95% and currently carries a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

What’s Shaping HIG’s Q2 Results?The Zacks Consensus Estimate for net premiums earned for the second quarter indicates 4.5% growth year over year. Also, the consensus estimate indicates an 8.2% increase in fee income in the quarter under review.

The consensus estimate for Business Insurance’s net investment income is $507.7 million, indicating 13.1% growth from the year-ago quarter’s figure. The Zacks Consensus Estimate for net investment income in the Personal Insurance business is pegged at $66.3 million, which indicates a 9.2% increase from the prior-year quarter’s reported figure.

The consensus mark for the Employee Benefits business’ revenues is pegged at $1.8 billion, indicating a 3.8% rise from the prior-year quarter's figure.

However, the bottom line is expected to have been pressured by higher insurance operating costs and other expenses. The Zacks Consensus Estimate for Hartford’s Personal Insurance combined ratio for the quarter under review is pegged at 96.5%, indicating deterioration from the prior-year reported figure of 94.1%. Also, the same for the Business Insurance combined ratio is pegged at 91.9%, up from 87% a year ago.

The Zacks Consensus Estimate for Hartford’s homeowners’ policies in force for the quarter under review indicates a decline of 0.6% year over year. Also, the consensus estimate indicates a 10.8% year-over-year decline in automobile policies in force.

Stocks That Warrant a LookWhile an earnings beat looks uncertain for HIG, here are some companies from the broader Finance space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:

Skyward Specialty Insurance Group, Inc. (SKWD - Free Report) has an Earnings ESP of +1.39% and carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Skyward Specialty Insurance Group’s earnings for the to-be-reported quarter is pegged at $1.15 per share, indicating 29.2% year-over-year growth. The consensus estimate for revenues is pegged at $459.6 million. SKWD beat earnings estimates in each of the past four quarters, with the average surprise being 17%.

American Express Company (AXP - Free Report) currently has an Earnings ESP of +1.15% and a Zacks Rank #3.

The Zacks Consensus Estimate for American Express’ bottom line for the to-be-reported quarter is pegged at $4.41 per share, indicating 8.1% year-over-year growth. It beat earnings estimates in three of the past four quarters and missed once, with the average surprise being 4%. The consensus estimate for AXP’s revenues is pegged at $19.6 billion.

Aon plc (AON - Free Report) has an Earnings ESP of +0.24% and carries a Zacks Rank #3 at present.

The Zacks Consensus Estimate for Aon’s bottom line for the to-be-reported quarter is pegged at $3.77 per share, indicating 8% year-over-year growth. It beat earnings estimates in each of the past four quarters, with the average surprise being 3.1%. The consensus estimate for AON’s revenues is pegged at $4.3 billion.

-

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford’s Board of Directors declared a dividend of $0.60 per share of common stock, payable Oct. 2 to common stock shareholders of record at the close of business on Sept. 1.

The board also declared a dividend of $375 on each of the shares of the Series G preferred stock (equivalent to $0.375 per depository share), payable Nov. 16 to Series G preferred stock shareholders of record at the close of business on Nov. 2.

About The Hartford

The Hartford is a leader in property and casualty insurance and employee benefits. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-F

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

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.

More News From The Hartford

Back to Newsroom

Investors in The Hartford Insurance Group, Inc. (HIG - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 18, 2026 $100 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for The Hartford Insurance shares, but what is the fundamental picture for the company? Currently, The Hartford Insurance is a Zacks Rank #4 (Sell) in the Insurance - Property and Casualty industry that ranks in the Bottom 39% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while four analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.30 per share to $3.21 in that period.

Given the way analysts feel about The Hartford Insurance right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Analysts on Wall Street project that The Hartford Insurance Group (HIG - Free Report) will announce quarterly earnings of $3.29 per share in its forthcoming report, representing an increase of 49.6% year over year. Revenues are projected to reach $5.2 billion, increasing 9.3% from the same quarter last year.

Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Bearing this in mind, let's now explore the average estimates of specific The Hartford Insurance Group metrics that are commonly monitored and projected by Wall Street analysts.

According to the collective judgment of analysts, 'Revenue- Property & Casualty- Net investment income' should come in at $589.73 million. The estimate points to a change of +15.2% from the year-ago quarter.

Based on the collective assessment of analysts, 'Revenue- Net premiums earned' should arrive at $6.19 billion. The estimate indicates a change of +6.2% from the prior-year quarter.

Analysts' assessment points toward 'Revenue- Property & Casualty- Earned Premium' reaching $4.56 billion. The estimate indicates a change of +8% from the prior-year quarter.

Analysts predict that the 'Revenue- Hartford Funds - Total' will reach $293.38 million. The estimate indicates a year-over-year change of +11.1%.

The combined assessment of analysts suggests that 'Revenue- Property & Casualty Other Operations- Net investment income' will likely reach $19.40 million. The estimate suggests a change of +7.8% year over year.

The collective assessment of analysts points to an estimated 'Revenue- Fee income- Corporate' of $10.25 million. The estimate points to a change of -6.8% from the year-ago quarter.

Analysts forecast 'Revenue- Corporate - Total' to reach $26.98 million. The estimate indicates a year-over-year change of +285.4%.

The average prediction of analysts places 'Revenue- Net investment income- Corporate' at $16.11 million. The estimate suggests a change of +15% year over year.

Analysts expect 'Revenue- Fee income' to come in at $378.14 million. The estimate points to a change of +9.3% from the year-ago quarter.

The consensus among analysts is that 'Revenue- Property & Casualty Other Operations - Total' will reach $19.00 million. The estimate suggests a change of +5.6% year over year.

The consensus estimate for 'Policies in-force - Homeowners' stands at 721.00 billion. Compared to the present estimate, the company reported 719.00 billion in the same quarter last year.

It is projected by analysts that the 'Policies in-force - Automobile' will reach 1067.00 billion. Compared to the present estimate, the company reported 1146.00 billion in the same quarter last year.

View all Key Company Metrics for The Hartford Insurance Group here>>>

Shares of The Hartford Insurance Group have experienced a change of +5.4% in the past month compared to the +6.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), HIG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Posted by Defense World Staff on Apr 21st, 2026

Earned Wealth Advisors LLC bought a new position in The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,836 shares of the insurance provider’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of The Hartford Insurance Group in the third quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its stake in The Hartford Insurance Group by 707.7% during the third quarter. Cornerstone Planning Group LLC now owns 210 shares of the insurance provider’s stock worth $26,000 after buying an additional 184 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in The Hartford Insurance Group in the 3rd quarter valued at $29,000. United Financial Planning Group LLC purchased a new stake in The Hartford Insurance Group in the 3rd quarter valued at $29,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in shares of The Hartford Insurance Group by 144.8% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 257 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 152 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hartford Insurance Group In related news, EVP Lori A. Rodden sold 40,693 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the sale, the executive vice president owned 25,392 shares of the company’s stock, valued at $3,505,365.60. This trade represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Swift sold 201,938 shares of The Hartford Insurance Group stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $136.41, for a total transaction of $27,546,362.58. Following the completion of the transaction, the chief executive officer owned 194,817 shares of the company’s stock, valued at $26,574,986.97. This represents a 50.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 349,282 shares of company stock valued at $48,184,324. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets HIG has been the topic of several recent research reports. Cantor Fitzgerald lowered their price target on shares of The Hartford Insurance Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Piper Sandler boosted their price target on shares of The Hartford Insurance Group from $152.00 to $161.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Barclays dropped their price objective on The Hartford Insurance Group from $162.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $149.00 price objective (down from $163.00) on shares of The Hartford Insurance Group in a report on Monday, March 30th. Finally, Roth Mkm increased their target price on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.56.

Read Our Latest Analysis on HIG

The Hartford Insurance Group Stock Down 0.7% The Hartford Insurance Group stock opened at $138.89 on Tuesday. The firm has a market capitalization of $38.31 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.30 and a beta of 0.53. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The Hartford Insurance Group, Inc. has a twelve month low of $113.27 and a twelve month high of $144.50. The stock’s fifty day simple moving average is $137.96 and its 200-day simple moving average is $134.63.

The Hartford Insurance Group (NYSE:HIG – Get Free Report) last released its earnings results on Thursday, January 29th. The insurance provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.84. The Hartford Insurance Group had a return on equity of 21.92% and a net margin of 13.52%.The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the business posted $2.94 earnings per share. The Hartford Insurance Group’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that The Hartford Insurance Group, Inc. will post 13.35 earnings per share for the current fiscal year.

The Hartford Insurance Group Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is presently 17.99%.

The Hartford Insurance Group Profile (Free Report)

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

Recommended Stories Five stocks we like better than The Hartford Insurance Group

Receive News & Ratings for The Hartford Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEEvergreen Capital Management LLC Has $31.62 Million Stock Position in Capital One Financial Corporation $COF

NEXT HEADLINE »iShares MSCI South Korea ETF $EWY Stock Position Lowered by Evergreen Capital Management LLC

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford (NYSE: HIG) today announced financial results for the first quarter ended March 31, 2026.

“The Hartford’s first quarter 2026 results were strong with core earnings of $866 million, building on continued momentum from the past few years,” said The Hartford’s Chairman and CEO Christopher Swift. “Our underwriting discipline, breadth and depth of distribution relationships, and customer-centric focus position us well to navigate a dynamic environment. Our ongoing investments in innovation and technology continue to strengthen our business processes and further differentiate The Hartford in the marketplace.”

The Hartford's Chief Financial Officer Beth Costello said, “Business Insurance delivered another strong quarter, with 6 percent written premium growth and an underlying combined ratio of 89.2. In Personal Insurance, the underlying combined ratio improved 4.7 points, while growth was impacted by a competitive market. Employee Benefits generated a core earnings margin of 6.9 percent, with outstanding life and strong disability performance and excellent new business sales growth. Investment income remained strong, supported by our diversified portfolio and attractive new money yields."

Swift continued, “The Hartford is a proven and consistent performer delivering a trailing 12 month core earnings ROE of 20.3 percent. Quarter after quarter, our results demonstrate how our strategy translates into durable financial performance. Looking forward, our foundation is strong and our strategy is clear, reflecting who we are at the core—an underwriting company that consistently delivers with discipline and innovates with purpose."

CONSOLIDATED RESULTS:

Three Months Ended

($ in millions except per share data)

Mar 31 2026

Mar 31 2025

Change

Net income available to common stockholders

$851

$625

36%

Net income available to common stockholders per diluted share1

$3.04

$2.15

41%

Core earnings

$866

$639

36%

Core earnings per diluted share

$3.09

$2.20

40%

Book value per diluted share

$66.58

$57.07

17%

Book value per diluted share (ex. accumulated other comprehensive income (AOCI))2

$75.25

$65.99

14%

Net income available to common stockholders' return on equity (ROE)3, last 12-months

23.0%

18.8%

4.2

Core earnings ROE3, last 12-months

20.3%

16.2%

4.1

First quarter 2026 net income available to common stockholders of $851 million, or $3.04 per diluted share, improved from $625 million in first quarter 2025, primarily driven by lower P&C CAY CATs, higher net investment income, earned premium growth, improvement in the group life loss ratio, and a lower Personal Insurance underlying loss and loss adjustment expense ratio*, partially offset by higher expense ratios in both Employee Benefits and P&C, less favorable PYD, and a higher group disability loss ratio.

First quarter 2026 core earnings of $866 million, or $3.09 per diluted share, compared with $639 million of core earnings in first quarter 2025. Contributing to the results were:

An increase in earnings driven by 6% growth in P&C earned premium. Business Insurance loss and loss adjustment expense ratio of 62.8 was flat compared with first quarter 2025, including 3.6 points of lower CATs, partially offset by a 3.3 point change from favorable to unfavorable PYD. Underlying loss and loss adjustment expense ratio of 57.2 compared with 56.9 in first quarter 2025. Personal Insurance loss and loss adjustment expense ratio of 60.6 compared with 79.1 in first quarter 2025, including 14.3 points of lower CATs, partially offset by 0.4 points of less favorable PYD. Underlying loss and loss adjustment expense ratio of 58.0 improved 4.6 points from first quarter 2025, due to a lower loss ratio in both automobile and homeowners. Net favorable PYD in core earnings of $5 million, before tax, in 2026 compared with net favorable PYD of $90 million in core earnings in 2025. Net favorable PYD included in core earnings in first quarter 2026 was primarily driven by reserve reductions in workers’ compensation, homeowners, and personal automobile, partially offset by an increase of $70 million in general liability reserves to reflect legacy sexual molestation and sexual abuse exposures related to policies written in the 1970s and 1980s, which includes a provision for a settlement in principle in one bankruptcy proceeding involving a religious institution. P&C CAY CAT losses of $230 million, before tax, in first quarter 2026, primarily from winter storms across several regions, but concentrated in the Northeast region, and losses from tornado, wind and hail events across several regions, compared with CAY CAT losses of $467 million in first quarter 2025, primarily driven by the January 2025 California Wildfire Event. The P&C expense ratio of 30.7 compared with 30.4 in first quarter 2025. Employee Benefits loss ratio of 71.7 compared with 71.9 in first quarter 2025, driven by improvement in the group life loss ratio, partially offset by an increase in the group disability loss ratio. The Employee Benefits expense ratio of 26.7 compared with 25.4 in first quarter 2025, driven by higher staffing costs and higher technology costs. Net investment income of $739 million, before tax, compared with $656 million in first quarter 2025, primarily driven by increased income from limited partnerships and other alternative investments (LPs), a higher level of invested assets, and reinvesting at higher rates.  March 31, 2026 book value per diluted share of $66.58 increased 0.4%, from $66.31 at Dec. 31, 2025, principally due to net income in excess of stockholder dividends through March 31, 2026, partially offset by a decrease in AOCI, primarily driven by an increase in net unrealized losses on available-for-sale (AFS) securities, and the dilutive effect of share repurchases.

Book value per diluted share (excluding AOCI) of $75.25 as of March 31, 2026, increased 2.2%, from $73.62 at Dec. 31, 2025, as the impact from net income in excess of stockholder dividends through March 31, 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 March 31, 2026, was 23.0%, increasing 4.2 points from March 31, 2025, primarily due to an increase in net income available to common stockholders.

Core earnings ROE for the trailing 12-month period ending March 31, 2026, was 20.3%, increasing 4.1 points from March 31, 2025, primarily due to an increase in core earnings.

BUSINESS RESULTS:
Business Insurance

Three Months Ended

($ in millions, unless otherwise noted)

Mar 31 2026

Mar 31 2025

Change

Net income

$536

$477

12%

Core earnings

$551

$471

17%

Written premiums

$3,904

$3,686

6%

Underwriting gain1

$185

$187

(1%)

Underlying underwriting gain1

$386

$384

1%

Losses and loss adjustment expense ratio

62.8

62.8

—

Expenses

31.6

31.3

0.3

Policyholder dividends

0.3

0.3

—

Combined ratio

94.8

94.4

0.4

Impact of catastrophes and PYD on combined ratio

(5.6)

(5.9)

0.3

Underlying combined ratio

89.2

88.4

0.8

Losses and loss adjustment expense ratio

Underlying loss and loss adjustment expense ratio

57.2

56.9

0.3

Current accident year catastrophes

4.8

8.4

(3.6)

Prior accident year development

0.8

(2.5)

3.3

Total Losses and loss adjustment expense ratio

62.8

62.8

—

First quarter 2026 net income of $536 million compared with net income of $477 million in first quarter 2025, primarily due to lower CAY CATs, higher net investment income, and the impact of earned premium growth, partially offset by a change from net favorable PYD to net unfavorable PYD and a higher expense ratio. PYD in the 2025 period includes a $32 million, before-tax, benefit due to the amortization of the deferred gain related to the Navigators ADC.

Business Insurance core earnings of $551 million in first quarter 2026 compared with $471 million in first quarter 2025. Contributing to the results were:

7% growth in earned premium. An underlying loss and loss adjustment expense ratio of 57.2 in first quarter 2026 compared with 56.9 in first quarter 2025. Net unfavorable PYD within core earnings of $30 million, before tax, in first quarter 2026, compared with $51 million of net favorable PYD within core earnings in first quarter 2025. The net unfavorable PYD in first quarter 2026 primarily includes an increase of $70 million in general liability reserves to reflect legacy sexual molestation and sexual abuse exposures related to policies written in the 1970s and 1980s, which includes a provision for a settlement in principle in one bankruptcy proceeding involving a religious institution. CAY CAT losses of $171 million, before tax, in first quarter 2026, primarily from winter storms across several regions, but concentrated in the Northeast, and losses from tornado, wind and hail events across several regions, compared with CAY CAT losses of $280 million in first quarter 2025. Net investment income of $505 million, before tax, compared with $437 million in first quarter 2025. Combined ratio of 94.8 compared with 94.4 in first quarter 2025, primarily due to a 3.3 point change from favorable to unfavorable PYD, partially offset by 3.6 points of lower CATs. Underlying combined ratio of 89.2 compared with 88.4 in first quarter 2025, primarily due to a slight increase in the underlying loss and loss adjustment expense ratio and expense ratio.

Small Business combined ratio of 91.9 compared with 93.3 in first quarter 2025, including 1.5 points of lower CATs, partially offset by 0.1 points of less favorable PYD. Underlying combined ratio of 89.4 was flat compared with first quarter 2025. Middle & Large Business combined ratio of 95.6 compared with 99.8 in first quarter 2025, including 5.2 points of lower CAY CATs, partially offset by 0.4 points of more unfavorable PYD. Underlying combined ratio of 91.3 compared with 90.6 in first quarter 2025, primarily due to a higher loss ratio in workers' compensation. Global Specialty combined ratio of 90.7 compared with 89.3 in first quarter 2025, including 5.3 points of lower CATs, partially offset by a 4.6 point change from favorable to unfavorable PYD. The 2025 combined ratio included 3.4 points of more favorable PYD due to the amortization of the deferred gain related to the Navigators ADC. Underlying combined ratio of 86.1 compared with 84.0 in first quarter 2025, primarily due to a higher expense ratio and the impact of higher reinstatement premiums in Global Re in the 2025 period. The expense ratio of 31.6 was generally consistent with the first quarter of 2025, as higher staffing costs and investments in the business were partially offset by earned premium growth. First quarter 2026 written premiums of $3.9 billion were up 6% from first quarter 2025, with growth across the segment. Small Business delivered an 8% increase in written premiums, supported by double-digit new business growth, while Middle & Large and Global Specialty each reported single-digit written premium growth.

Personal Insurance

Three Months Ended

($ in millions, unless otherwise noted)

Mar 31 2026

Mar 31 2025

Change

Net income

$139

$5

NM

Core earnings

$141

$6

NM

Written premiums

$862

$913

(6%)

Underwriting gain (loss)

$113

$(55)

NM

Underlying underwriting gain

$137

$93

47%

Losses and loss adjustment expense ratio

60.6

79.1

(18.5)

Expenses

27.0

27.0

—

Combined ratio

87.7

106.1

(18.4)

Impact of catastrophes and PYD on combined ratio

(2.6)

(16.5)

13.9

Underlying combined ratio

85.0

89.7

(4.7)

Losses and loss adjustment expense ratio

Underlying loss and loss adjustment expense ratio

58.0

62.6

(4.6)

Current accident year catastrophes

6.5

20.8

(14.3)

Prior accident year development

(3.9)

(4.3)

0.4

Total Losses and loss adjustment expense ratio

60.6

79.1

(18.5)

Net income of $139 million in first quarter 2026 compared with net income of $5 million in first quarter 2025, primarily due to lower CAY CAT losses and an improvement in the underlying loss and loss adjustment expense ratio.

Personal Insurance core earnings of $141 million compared with core earnings of $6 million in first quarter 2025. Contributing to the results were:

1% growth in earned premium largely driven by the impact of double-digit earned pricing increases. An underlying loss and loss adjustment expense ratio of 58.0 in first quarter 2026, which improved 4.6 points from 62.6 in first quarter 2025, driven by the impact of earned pricing increases outpacing loss cost trends. $35 million, before tax, of favorable PYD in first quarter of 2026, compared with $39 million of favorable PYD in first quarter 2025. The net favorable PYD in first quarter 2026 primarily includes reserve reductions in automobile and homeowners. CAY CAT losses of $59 million, before tax, in first quarter 2026, including losses from tornado, wind and hail events across several regions, but concentrated in the Midwest region, and losses from winter storms across several regions, compared with $187 million of CAY CAT losses in first quarter 2025. Net investment income of $62 million, before tax, in first quarter 2026 compared with $57 million in first quarter 2025. Combined ratio of 87.7 in first quarter 2026 compared with 106.1 in first quarter 2025, primarily due to an 18.5 point improvement in the loss and loss adjustment expense ratio, including 14.3 points of lower CAY CAT losses and a 4.6 point improvement in the underlying loss and loss adjustment expense ratio, partially offset by 0.4 points of less favorable PYD. Underlying combined ratio of 85.0 improved 4.7 points from 89.7 in first quarter 2025, primarily due to improvement in the underlying loss and loss adjustment expense ratio in automobile and homeowners.

Personal Automobile combined ratio of 89.6 improved 3.9 points from 93.5 in first quarter 2025, including 0.5 points of lower CAY CATs, partially offset by 0.5 points of less favorable PYD. The underlying combined ratio of 92.2 improved 3.9 points from 96.1 in first 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. Homeowners combined ratio of 83.8 compared with 133.2 in first quarter 2025, including 46.1 points of lower CAY CATs, partially offset by 0.8 points of less favorable PYD. The underlying combined ratio of 71.0 improved 4.1 points from 75.1 in first 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. The expense ratio of 27.0 was flat compared with first quarter 2026. Written premiums in first quarter 2026 were $862 million compared with $913 million in first quarter 2025, with:

Renewal written price increases in automobile and homeowners of 6.8% and 11.8%, respectively. Effective policy count retention was relatively stable in automobile and homeowners due to strong but moderating renewal written price increases.  Employee Benefits

Three Months Ended

($ in millions, unless otherwise noted)

Mar 31 2026

Mar 31 2025

Change

Net income

$118

$133

(11%)

Core earnings

$127

$136

(7%)

Fully insured ongoing premiums

$1,654

$1,612

3%

Loss ratio

71.7%

71.9%

(0.2)

Expense ratio

26.7%

25.4%

1.3

Net income margin

6.4%

7.4%

(1.0)

Core earnings margin

6.9%

7.6%

(0.7)

Net income of $118 million in first quarter 2026 compared with $133 million in first quarter 2025, primarily due to an increase in the group disability loss ratio and expense ratio, partially offset by improvement in the group life loss ratio and increased net investment income. Core earnings of $127 million, compared with $136 million in first quarter 2025, primarily reflecting the same drivers as net income.

Fully insured ongoing premiums were up 3% compared with first 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 53% in first quarter 2026, compared with first quarter 2025, driven by higher group disability sales, including paid family and medical leave product (PFML) sales following initial expansion into two new states, and higher group life sales.

Loss ratio of 71.7 compared with 71.9 in first quarter 2025.

Group life loss ratio of 73.2 improved 6.7 points due to lower mortality across both term and accidental life products. Group disability loss ratio of 72.7 increased 3.7 points driven by less favorable long-term disability loss trends and higher short-term disability claim incidence, including PFML, partially offset by continued PFML pricing actions. Expense ratio of 26.7 increased 1.3 points compared with 25.4 in first quarter 2025, driven by higher staffing costs and higher technology costs.

Net investment income of $131 million, before tax, compared with $126 million in first quarter 2025.

Hartford Funds

Three Months Ended

($ in millions, unless otherwise noted)

Mar 31 2026

Mar 31 2025

Change

Net income

$49

$43

14%

Core earnings

$51

$44

16%

Daily average Hartford Funds Assets Under Management (AUM)

$155,958

$141,834

10%

Mutual Funds and exchange-traded funds (ETF) net flows

$(533)

$(1,432)

63%

Total Hartford Funds AUM

$150,821

$138,098

9%

First quarter 2026 net income of $49 million compared with $43 million in first quarter 2025, primarily due to an increase in fee income net of operating costs and other expenses driven by higher daily average Hartford Funds AUM, partially offset by net realized losses in the 2026 period. Core earnings of $51 million compared with $44 million in first quarter 2025, with the change primarily reflecting the same drivers as net income, excluding the impact of net realized losses.

Daily average AUM of $156 billion in first quarter 2026 increased 10% from first quarter 2025.

Mutual fund and ETF net outflows totaled $533 million in first quarter 2026, compared with net outflows of $1.4 billion in first quarter 2025.

Corporate

Three Months Ended

($ in millions, unless otherwise noted)

Mar 31 2026

Mar 31 2025

Change

Net loss

$(28)

$(41)

32%

Net loss available to common stockholders

$(33)

$(46)

28%

Core loss

$(18)

$(31)

42%

Net investment income, before tax

$16

$14

14%

Interest expense and preferred dividends, before tax

$55

$55

—%

Net loss available to common stockholders of $33 million in first quarter 2026 compared with $46 million in first quarter 2025, driven by a higher net tax benefit, including the impact of stock-based compensation awards vesting during the quarter and interest related to income tax refunds, and an increase in other revenues related to valuation appreciation of an investment. First quarter 2026 core loss of $18 million compared with $31 million in first quarter 2025, with the change primarily reflecting the same drivers as net income.

INVESTMENT INCOME AND PORTFOLIO DATA:

Three Months Ended

($ in millions, unless otherwise noted)

Mar 31 2026

Mar 31 2025

Change

Net investment income, before tax

$739

$656

13%

Annualized investment yield, before tax

4.5%

4.3%

0.2

Annualized investment yield, before tax, excluding LPs1

4.5%

4.4%

0.1

Annualized LP yield, before tax

5.1%

3.1%

2.0

Annualized investment yield, after tax

3.6%

3.4%

0.2

[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

First quarter 2026 consolidated net investment income of $739 million compared with $656 million in first quarter 2025, primarily driven by increased income from LPs, a higher level of invested assets, and reinvesting at higher rates.

First quarter 2026 net investment income, excluding LPs*, of $664 million, before tax, compared to $617 million in first quarter 2025, a 7.6% increase, primarily driven by a higher level of invested assets and reinvesting at higher rates.

First quarter 2026 included $75 million, before tax, of LP income as compared with $39 million in first quarter 2025, driven by higher returns on other funds, including valuation increases primarily within infrastructure and energy transition funds, partially offset by lower returns on real estate joint ventures. Annualized LP yield, before tax, of 5.1% compared with 3.1% in first quarter 2025.

Net realized losses of $55 million, before tax, in first quarter 2026 compared with $49 million, before tax, in first quarter 2025.

Total invested assets of $63.7 billion decreased $0.2 billion from Dec. 31, 2025, primarily due to a decrease in valuation of fixed maturities, driven by higher interest rates, partially offset by an increase in mortgage loans and LPs.

CONFERENCE CALL

The Hartford will discuss its first quarter 2026 financial results on a webcast at 9:00 a.m. EDT on Friday, April 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 March 31, 2026, and the first quarter 2026 Financial Results Presentation, both of which are available at https://ir.thehartford.com.

About The Hartford

The Hartford is a leader in property and casualty insurance, employee benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-F

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 March 31, 2026

($ in millions)

Business

Insurance

Personal

Insurance

P&C

Other

Ops

Employee

Benefits

Hartford

Funds

Corporate

Consolidated

Earned premiums

$

3,572

$

907

$

—

$

1,666

$

—

$

—

$

6,145

Fee income

12

8

—

57

283

10

370

Net investment income

505

62

20

131

5

16

739

Net realized losses

(19

)

(4

)

(1

)

(11

)

(3

)

(17

)

(55

)

Other revenue

—

22

—

—

—

5

27

Total revenues

4,070

995

19

1,843

285

14

7,226

Benefits, losses, and loss adjustment expenses

2,245

550

(36

)

1,238

—

1

3,998

Amortization of DAC

577

71

—

8

—

—

656

Insurance operating costs and other expenses

569

199

2

439

223

15

1,447

Interest expense

—

—

—

—

—

50

50

Amortization of other intangible assets

7

1

—

10

—

—

18

Total benefits, losses and expenses

3,398

821

(34

)

1,695

223

66

6,169

Income (loss) before income taxes

672

174

53

148

62

(52

)

1,057

Income tax expense (benefit)

136

35

11

30

13

(24

)

201

Net income (loss)

536

139

42

118

49

(28

)

856

Preferred stock dividends

—

—

—

—

—

5

5

Net income (loss) available to common stockholders

536

139

42

118

49

(33

)

851

Adjustments to reconcile net income (loss) available to common stockholders to core earnings (loss)

Net realized losses, excluded from core earnings, before tax

18

4

1

11

3

17

54

Integration and other non-recurring M&A costs, before tax

1

—

—

—

—

—

1

Change in deferred gain on retroactive reinsurance, before tax

—

—

(36

)

—

—

—

(36

)

Income tax expense (benefit)

(4

)

(2

)

7

(2

)

(1

)

(2

)

(4

)

Core earnings (loss)

$

551

$

141

$

14

$

127

$

51

$

(18

)

$

866

THE HARTFORD INSURANCE GROUP, INC.

CONSOLIDATING INCOME STATEMENTS

Three Months Ended March 31, 2025

($ in millions)

Business Insurance

Personal Insurance

P&C

Other Ops

Employee Benefits

Hartford Funds

Corporate

Consolidated

Earned premiums

$

3,324

$

899

$

—

$

1,612

$

—

$

—

$

5,835

Fee income

11

8

—

56

260

11

346

Net investment income

437

57

18

126

4

14

656

Net realized losses

(24

)

(2

)

—

(4

)

—

(19

)

(49

)

Other revenue

1

20

—

—

—

1

22

Total revenues

3,749

982

18

1,790

264

7

6,810

Benefits, losses, and loss adjustment expenses

2,088

711

—

1,199

—

2

4,000

Amortization of DAC

531

68

—

8

—

—

607

Insurance operating costs and other expenses

524

197

2

406

209

14

1,352

Interest expense

—

—

—

—

—

50

50

Amortization of other intangible assets

7

1

—

10

—

—

18

Total benefits, losses and expenses

3,150

977

2

1,623

209

66

6,027

Income (loss) before income taxes

599

5

16

167

55

(59

)

783

Income tax expense (benefit)

122

—

3

34

12

(18

)

153

Net income (loss)

477

5

13

133

43

(41

)

630

Preferred stock dividends

—

—

—

—

—

5

5

Net income (loss) available to common stockholders

477

5

13

133

43

(46

)

625

Adjustments to reconcile net income (loss) available to common stockholders to core earnings (loss)

Net realized losses, excluded from core earnings, before tax

22

2

—

4

—

19

47

Integration and other non-recurring M&A costs, before tax

2

—

—

—

—

—

2

Change in deferred gain on retroactive reinsurance, before tax

(32

)

—

—

—

—

—

(32

)

Income tax expense (benefit)

2

(1

)

—

(1

)

1

(4

)

(3

)

Core earnings (loss)

$

471

$

6

$

13

$

136

$

44

$

(31

)

$

639

The Hartford defines increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa, as "NM" or not meaningful.

DISCUSSION OF NON-GAAP FINANCIAL MEASURES

The Hartford uses non-GAAP financial measures in this news release to assist investors in analyzing the Company's operating performance for the periods presented herein. Because The Hartford's calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing The Hartford's non-GAAP financial measures to those of other companies. Definitions and calculations of other financial measures used in this news release can be found below and in The Hartford's Investor Financial Supplement for first quarter 2026, which is available on the investor relations section of The Hartford's website, https://ir.thehartford.com.

Annualized investment yield, excluding limited partnerships and other alternative investments - This non-GAAP measure is calculated as (a) the annualized net investment income, excluding limited partnerships and other alternative investments, divided by (b) the monthly average invested assets at amortized cost, as applicable, excluding derivatives book value and limited partnerships and other alternative investments. The Company believes that annualized investment yield, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Annualized investment yield is the most directly comparable U.S GAAP measure. A reconciliation of annualized investment yield to annualized investment yield excluding limited partnerships and other alternative investments for the quarterly periods ended March 31, 2026 and 2025 is provided in the table below.

Three Months Ended

Mar 31 2026

Mar 31 2025

Annualized investment yield

4.5

%

4.3

%

Adjustment for income from limited partnerships and other alternative investments

—

%

0.1

%

Annualized investment yield excluding limited partnerships and other alternative investments

4.5

%

4.4

%

Net investment income, excluding limited partnerships and other alternative investments-This non-GAAP measure is the amount of net investment income earned from invested assets, excluding the net investment income related to limited partnerships and other alternative investments. The Company believes that net investment income, excluding limited partnerships and other alternative investments, provides investors with an important measure of the trend in investment earnings because it excludes the impact of the volatility in returns related to limited partnerships and other alternative investments. Net investment income is the most directly comparable U.S. GAAP measure. A reconciliation of net investment income to net investment income excluding limited partnerships and other alternative investments for the quarterly periods ended March 31, 2026 and 2025 is provided in the table below.

Three Months Ended

Mar 31 2026

Mar 31 2025

Total net investment income

$

739

$

656

Adjustment for income from limited partnerships and other alternative investments

$

(75

)

$

(39

)

Net investment income excluding limited partnerships and other alternative investments

$

664

$

617

Book value per diluted share (excluding AOCI) - This is a non-GAAP per share measure that is calculated by dividing (a) common stockholders' equity, excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. The Company provides this measure to enable investors to analyze the amount of the Company's net worth that is primarily attributable to the Company's business operations. The Company believes that excluding AOCI from the numerator is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates. Book value per diluted share is the most directly comparable U.S. GAAP measure. A reconciliation of book value per diluted share to book value per diluted share (excluding AOCI) is provided in the table below.

As of

Mar 31 2026

Dec 31 2025

Change

Book value per diluted share

$

66.58

$

66.31

0.4

%

Per diluted share impact of AOCI

$

8.67

$

7.31

18.6

%

Book value per diluted share (excluding AOCI)

$

75.25

$

73.62

2.2

%

  As of

Mar 31 2026

Mar 31 2025

Change

Book value per diluted share

$

66.58

$

57.07

16.7

%

Per diluted share impact of AOCI

$

8.67

$

8.92

(2.8

%)

Book value per diluted share (excluding AOCI)

$

75.25

$

65.99

14.0

%

Core earnings - The Hartford uses the non-GAAP measure core earnings as an important measure of the Company’s operating performance. The Hartford believes that core earnings provides investors with a valuable measure of the performance of the Company’s ongoing businesses because it reveals trends in our insurance and financial services businesses that may be obscured by including the net effect of certain items. Therefore, the following items are excluded from core earnings:

Certain realized gains and losses - Generally realized gains and losses are primarily driven by investment decisions and external economic developments, the nature and timing of which are unrelated to the insurance and underwriting aspects of our business. Accordingly, core earnings excludes the effect of all realized gains and losses that tend to be highly variable from period to period based on capital market conditions. The Hartford believes, however, that some realized gains and losses are integrally related to our insurance operations, so core earnings includes net realized gains and losses such as net periodic settlements on credit derivatives. These net realized gains and losses are directly related to an offsetting item included in the income statement such as net investment income. Restructuring and other costs - Costs incurred as part of a restructuring plan are not a recurring operating expense of the business. Loss on extinguishment of debt - Largely consisting of make-whole payments or tender premiums upon paying debt off before maturity, these losses are not a recurring operating expense of the business. Gains and losses on reinsurance transactions - Gains or losses on reinsurance, such as those entered into upon sale of a business or to reinsure loss reserves, are not a recurring operating expense of the business. Integration and other non-recurring M&A costs - These costs, including transaction costs incurred in connection with an acquired business, are incurred over a short period of time and do not represent an ongoing operating expense of the business. Change in loss reserves upon acquisition of a business - These changes in loss reserves are excluded from core earnings because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition. Deferred gain resulting from retroactive reinsurance and subsequent changes in the deferred gain - Retroactive reinsurance agreements economically transfer risk to the reinsurers and excluding the deferred gain on retroactive reinsurance and related amortization of the deferred gain from core earnings provides greater insight into the economics of the business. Change in valuation allowance on deferred taxes related to non-core components of before tax income - These changes in valuation allowances are excluded from core earnings because they relate to non-core components of before tax income, such as tax attributes like capital loss carryforwards. Results of discontinued operations - These results are excluded from core earnings for businesses sold or held for sale because such results could obscure the ability to compare period over period results for our ongoing businesses. In addition to the above components of net income available to common stockholders that are excluded from core earnings, preferred stock dividends declared, which are excluded from net income, are included in the determination of core earnings. Preferred stock dividends are a cost of financing more akin to interest expense on debt and are expected to be a recurring expense as long as the preferred stock is outstanding.

Net income (loss) and net income (loss) available to common stockholders are the most directly comparable U.S. GAAP measures to core earnings. Core earnings should not be considered as a substitute for net income (loss) or net income (loss) available to common stockholders and does not reflect the overall profitability of the Company’s business. Therefore, The Hartford believes that it is useful for investors to evaluate net income (loss), net income (loss) available to common stockholders, and core earnings when reviewing the Company’s performance.

A reconciliation of net income (loss) to core earnings (loss) for the quarterly periods ended March 31, 2026 and 2025, for individual reporting segments can be found in this news release under the heading "The Hartford Insurance Group, Inc. Consolidating Income Statements."

Core earnings margin - The Hartford uses the non-GAAP measure core earnings margin to evaluate, and believes it is an important measure of, the Employee Benefits segment's operating performance. Core earnings margin is calculated by dividing core earnings by revenues, excluding buyouts and realized gains (losses). Net income margin, calculated by dividing net income by revenues, is the most directly comparable U.S. GAAP measure. The Company believes that core earnings margin provides investors with a valuable measure of the performance of Employee Benefits because it reveals trends in the business that may be obscured by the effect of buyouts and realized gains (losses) as well as other items excluded in the calculation of core earnings. Core earnings margin should not be considered as a substitute for net income margin and does not reflect the overall profitability of Employee Benefits. Therefore, the Company believes it is important for investors to evaluate both core earnings margin and net income margin when reviewing performance. A reconciliation of net income margin to core earnings margin for the quarterly periods ended March 31, 2026 and 2025, is set forth below.

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Net income margin

6.4

%

7.4

%

(1.0

)

Adjustments to reconcile net income margin to core earnings margin:

Net realized losses, before tax

0.6

%

0.3

%

0.3

Income tax benefit on items excluded from core earnings

(0.1

)%

(0.1

)%

—

Core earnings margin

6.9

%

7.6

%

(0.7

)

Core earnings per diluted share - This non-GAAP per share measure is calculated using the non-GAAP financial measure core earnings rather than the U.S. GAAP measure net income. The Company believes that core earnings per diluted share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. Net income (loss) available to common stockholders per diluted common share is the most directly comparable U.S. GAAP measure. Core earnings per diluted share should not be considered as a substitute for net income (loss) available to common stockholders per diluted common share and does not reflect the overall profitability of the Company's business. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per diluted common share and core earnings per diluted share when reviewing the Company's performance. A reconciliation of net income available to common stockholders per diluted share to core earnings per diluted share for the quarterly periods ended March 31, 2026 and 2025 is provided in the table below.

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Per Share Data

Diluted earnings per common share:

Net income available to common stockholders per share1

$

3.04

$

2.15

41

%

Adjustments made to reconcile net income available to common stockholders per diluted share to core earnings per diluted share:

Net realized losses, excluded from core earnings, before tax

0.19

0.16

19

%

Integration and other non-recurring M&A costs, before tax

—

0.01

(100

%)

Change in deferred gain on retroactive reinsurance, before tax

(0.13

)

(0.11

)

(18

%)

Income tax benefit on items excluded from core earnings

(0.01

)

(0.01

)

—

%

Core earnings per diluted share

$

3.09

$

2.20

40

%

[1] Net income available to common stockholders includes dilutive potential common shares

Core Earnings Return on Equity - The Company provides different measures of the return on stockholders' equity (ROE). Core earnings ROE is calculated based on non-GAAP financial measures. Core earnings ROE is calculated by dividing (a) the non-GAAP measure core earnings for the prior four fiscal quarters by (b) the non-GAAP measure average common stockholders' equity, excluding AOCI. Net income ROE is the most directly comparable U.S. GAAP measure. The Company excludes AOCI in the calculation of core earnings ROE to provide investors with a measure of how effectively the Company is investing the portion of the Company's net worth that is primarily attributable to the Company's business operations. The Company provides to investors return on equity measures based on its non-GAAP core earnings financial measure for the reasons set forth in the core earnings definition. A quantitative reconciliation of net income available to common stockholders ROE to core earnings ROE is not calculable on a forward-looking basis because it is not possible to provide a reliable forecast of realized gains and losses, which typically vary substantially from period to period.

A reconciliation of consolidated net income available to common stockholders ROE to consolidated core earnings ROE is set forth below.

Three Months Ended

Mar 31 2026

Mar 31 2025

Net income available to common stockholders ROE

23.0

%

18.8

%

Adjustments to reconcile net income available to common stockholders ROE to core earnings ROE:

Net realized losses excluded from core earnings, before tax

0.6

%

0.8

%

Integration and other non-recurring M&A costs, before tax

—

%

0.1

%

Change in deferred gain on retroactive reinsurance, before tax

(0.4

)%

(0.6

)%

Income tax benefit on items not included in core earnings

(0.1

)%

(0.1

%)

Impact of AOCI, excluded from denominator of core earnings ROE

(2.8

)%

(2.8

%)

Core earnings ROE

20.3

%

16.2

%

Underlying combined ratio- This non-GAAP financial measure of underwriting results represents the combined ratio before catastrophes, prior accident year development and current accident year change in loss reserves upon acquisition of a business. Combined ratio is the most directly comparable U.S. GAAP measure. The Company believes this ratio is an important measure of the trend in profitability since it removes the impact of volatile and unpredictable catastrophe losses and prior accident year loss and loss adjustment expense reserve development. The changes to loss reserves upon acquisition of a business are excluded from underlying combined ratio because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. A reconciliation of the combined ratio to the underlying combined ratio for individual reporting segments can be found in this news release under the heading "Business Results" for "Business Insurance" and "Personal Insurance". A reconciliation of the combined ratio to underlying combined ratio for lines of business within the Company's P&C reporting segments is set forth below.

SMALL BUSINESS

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Combined ratio

91.9

93.3

(1.4

)

Adjustment to reconcile combined ratio to underlying combined ratio:

Current accident year catastrophes

(6.5

)

(8.0

)

1.5

Prior accident year development

4.0

4.1

(0.1

)

Underlying combined ratio

89.4

89.4

—

MIDDLE & LARGE BUSINESS

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Combined ratio

95.6

99.8

(4.2

)

Adjustment to reconcile combined ratio to underlying combined ratio:

Current accident year catastrophes

(3.7

)

(8.9

)

5.2

Prior accident year development

(0.7

)

(0.3

)

(0.4

)

Underlying combined ratio

91.3

90.6

0.7

GLOBAL SPECIALTY

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Combined ratio

90.7

89.3

1.4

Adjustment to reconcile combined ratio to underlying combined ratio:

Current accident year catastrophes

(3.4

)

(8.7

)

5.3

Prior accident year development

(1.2

)

3.4

(4.6

)

Underlying combined ratio

86.1

84.0

2.1

PERSONAL AUTOMOBILE

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Combined ratio

89.6

93.5

(3.9

)

Adjustment to reconcile combined ratio to underlying combined ratio:

Current accident year catastrophes

(0.7

)

(1.2

)

0.5

Prior accident year development

3.3

3.8

(0.5

)

Underlying combined ratio

92.2

96.1

(3.9

)

HOMEOWNERS

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Combined ratio

83.8

133.2

(49.4

)

Adjustment to reconcile combined ratio to underlying combined ratio:

Current accident year catastrophes

(17.6

)

(63.7

)

46.1

Prior accident year development

4.8

5.6

(0.8

)

Underlying combined ratio

71.0

75.1

(4.1

)

Underwriting gain (loss) -This non-GAAP financial measure is a before tax measure that represents earned premiums less incurred losses, loss adjustment expenses and underwriting expenses. Net income (loss) is the most directly comparable U.S. GAAP measure. The Hartford's management evaluates profitability of the Business and Personal Insurance segments primarily on the basis of underwriting gain or loss. Underwriting gain (loss) is influenced significantly by earned premium growth and the adequacy of The Hartford's pricing. Underwriting profitability over time is also greatly influenced by The Hartford's underwriting discipline, as management strives to manage exposure to loss through favorable risk selection and diversification, effective management of claims, use of reinsurance and its ability to manage its expenses. The Hartford believes that underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the Company's investing activities. Reconciliations of net income (loss) to underwriting gain (loss) for the quarterly periods ended March 31, 2026 and 2025, is set forth below.

Underlying underwriting gain (loss) - This non-GAAP measure of underwriting profitability represents underwriting gain (loss) before current accident year catastrophes, PYD and current accident year change in loss reserves upon acquisition of a business. The most directly comparable U.S GAAP measure is net income (loss). The Company believes underlying underwriting gain (loss) is important to understand the Company’s periodic earnings because the volatile and unpredictable nature (i.e., the timing and amount) of catastrophes and prior accident year reserve development could obscure underwriting trends. The changes to loss reserves upon acquisition of a business are also excluded from underlying underwriting gain (loss) because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. Reconciliations of net income (loss) to underlying underwriting gain for individual reporting segments for the quarterly periods ended March 31, 2026 and 2025, is set forth below.

BUSINESS INSURANCE

Three Months

Ended

Mar 31 2026

Mar 31 2025

Net income

$

536

$

477

Adjustments to reconcile net income to underwriting gain:

Net investment income

(505

)

(437

)

Net realized losses

19

24

Other (income) expense

(1

)

1

Income tax expense

136

122

Underwriting gain

185

187

Adjustments to reconcile underwriting gain to underlying underwriting gain:

Current accident year catastrophes

171

280

Prior accident year development

30

(83

)

Underlying underwriting gain

$

386

$

384

PERSONAL INSURANCE

Three Months

Ended

Mar 31 2026

Mar 31 2025

Net income

$

139

$

5

Adjustments to reconcile net income to underwriting gain (loss):

Net investment income

(62

)

(57

)

Net realized losses

4

2

Net servicing and other (income) expense

(3

)

(5

)

Income tax expense

35

—

Underwriting gain (loss)

113

(55

)

Adjustments to reconcile underwriting gain to underlying underwriting gain:

Current accident year catastrophes

59

187

Prior accident year development

(35

)

(39

)

Underlying underwriting gain

$

137

$

93

Underlying loss and loss adjustment expense ratio - This non-GAAP financial measure is the cost of non-catastrophe loss and loss adjustment expenses incurred in the current accident year divided by earned premiums. The loss and loss adjustment expense ratio is the most directly comparable U.S. GAAP measure. Management believes that the underlying loss and loss adjustment expense ratio is a performance measure that is useful to investors as it removes the impact of volatile and unpredictable catastrophe losses and prior accident year development ("PYD"). Reconciliations of the loss and loss adjustment expense ratio to the underlying loss and loss adjustment expense ratio for the quarterly periods ended March 31, 2026 and 2025, is set forth below.

PROPERTY & CASUALTY

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Loss and loss adjustment expense ratio

61.6

66.3

(4.7

)

Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:

Current accident year catastrophes and prior accident year development

(4.2

)

(8.2

)

4.0

Underlying loss and loss adjustment expense ratio

57.4

58.1

(0.7

)

BUSINESS INSURANCE

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Loss and loss adjustment expense ratio

62.8

62.8

—

Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:

Current accident year catastrophes and prior accident year development

(5.6

)

(5.9

)

0.3

Underlying loss and loss adjustment expense ratio

57.2

56.9

0.3

PERSONAL INSURANCE

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Loss and loss adjustment expense ratio

60.6

79.1

(18.5

)

Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:

Current accident year catastrophes and prior accident year development

(2.6

)

(16.5

)

13.9

Underlying loss and loss adjustment expense ratio

58.0

62.6

(4.6

)

PERSONAL INSURANCE - AUTOMOBILE

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Loss and loss adjustment expense ratio

63.5

67.3

(3.8

)

Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:

Current accident year catastrophes and prior accident year development

2.8

2.5

0.3

Underlying loss and loss adjustment expense ratio

66.3

69.9

(3.6

)

PERSONAL INSURANCE - HOMEOWNERS

Three Months Ended

Mar 31 2026

Mar 31 2025

Change

Loss and loss adjustment expense ratio

55.00

104.3

(49.3

)

Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio:

Current accident year catastrophes and prior accident year development

(12.8

)

(58.1

)

45.3

Underlying loss and loss adjustment expense ratio

42.2

46.3

(4.1

)

SAFE HARBOR STATEMENT

Certain of the statements contained herein are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “projects,” and similar references to future periods.

Forward-looking statements are based on management's current expectations and assumptions regarding future economic, competitive, legislative and other developments and their potential effect upon The Hartford Insurance Group, Inc. and its subsidiaries (collectively, the "Company" or "The Hartford"). Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from expectations depending on the evolution of various factors, including the risks and uncertainties identified below, as well as factors described in such forward-looking statements; or in The Hartford’s 2025 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission.

Risks Relating to Economic, Political and Global Market Conditions: challenges related to the Company’s current operating environment, including global political, economic and market conditions, and the effect of financial market disruptions, economic downturns, changes in trade regulation including tariffs and other barriers or other potentially adverse macroeconomic developments on the demand for our products and returns in our investment portfolios; market risks associated with our business, including changes in credit spreads, equity prices, interest rates, inflation rate, foreign currency exchange rates and market volatility; the impact on our investment portfolio if our investment portfolio is concentrated in any particular segment of the economy; the impacts of changing climate and weather patterns on our businesses, operations and investment portfolio including on claims, demand and pricing of our products, the availability and cost of reinsurance, our modeling data used to evaluate and manage risks of catastrophes and severe weather events, the value of our investment portfolios and credit risk with reinsurers and other counterparties; Insurance Industry and Product-Related Risks: the possibility of unfavorable loss development, including with respect to long-tailed exposures; the significant uncertainties that limit our ability to estimate the ultimate reserves necessary for asbestos and environmental claims; the possibility of a pandemic, civil unrest, earthquake, or other natural or man-made disaster that may adversely affect our businesses; weather and other natural physical events, including the intensity and frequency of thunderstorms, tornadoes, hail, wildfires, flooding, winter storms, hurricanes and tropical storms, as well as climate change and its potential impact on weather patterns; the possible occurrence of terrorist attacks and the Company’s inability to contain its exposure as a result of, among other factors, the inability to exclude coverage for terrorist attacks from workers' compensation policies and limitations on reinsurance coverage from the federal government under applicable laws; the Company’s ability to effectively price its products and policies, including its ability to obtain regulatory consents to pricing actions or to non-renewal or withdrawal of certain product lines; actions by competitors that may be larger or have greater financial resources than we do; technological changes, including usage-based methods of determining premiums, advancements in certain emerging technologies, including machine learning, predictive analytics, “big data” analysis or other artificial intelligence functions, advancements in automotive safety features, the development of autonomous vehicles, and platforms that facilitate ride sharing could provide our competitors with a competitive advantage and could impact the rate and severity of claims, as well as the demand for our products; the Company's ability to market, distribute and provide insurance products and investment advisory services through current and future distribution channels and advisory firms; the uncertain effects of emerging claim and coverage issues; political instability, politically motivated violence or civil unrest, which may increase the frequency and severity of insured losses; Financial Strength, Credit and Counterparty Risks: risks to our business, financial position, prospects and results associated with negative rating actions or downgrades in the Company’s financial strength and credit ratings or negative rating actions or downgrades relating to our investments; capital requirements which are subject to many factors, including many that are outside the Company’s control, such as National Association of Insurance Commissioners ("NAIC") risk based capital formulas, rating agency capital models, Funds at Lloyd's and Solvency Capital Requirement, which can in turn affect our credit and financial strength ratings, cost of capital, regulatory compliance and other aspects of our business and results; losses due to nonperformance or defaults by others, including credit risk with counterparties associated with investments, derivatives, premiums receivable, reinsurance recoverables and indemnifications provided by third parties in connection with previous dispositions; the potential for losses due to our reinsurers' unwillingness or inability to meet their obligations under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the Company against losses; state and international regulatory limitations on the ability of the Company and certain of its subsidiaries to declare and pay dividends;

Risks Relating to Estimates, Assumptions and Valuations: risks associated with the use of analytical models in making decisions in key areas such as underwriting, pricing, capital management, reserving, investments, reinsurance and catastrophe risk management; the potential for differing interpretations of the methodologies, estimations and assumptions that underlie the Company’s fair value estimates for its investments and the evaluation of intent-to-sell impairments and allowance for credit losses on available-for-sale securities and mortgage loans; the potential for impairments of our goodwill;

Strategic and Operational Risks: the Company’s ability to maintain the availability of its systems and safeguard the security of its data in the event of a disaster, cyber breach or other information security incident, technology failure or other unanticipated event; the potential for difficulties arising from outsourcing, including vendors and similar third-party relationships; the risks, challenges and uncertainties associated with capital management plans, expense reduction initiatives and other actions; risks associated with acquisitions and divestitures, including the challenges of integrating acquired companies or businesses, which may result in our inability to achieve the anticipated benefits and synergies and may result in unintended consequences; difficulty in attracting and retaining talented and qualified personnel, including key employees, such as executives, managers and employees with strong technological, analytical and other specialized skills; the Company’s ability to protect its intellectual property and defend against claims of infringement;

Regulatory and Legal Risks: the cost and other potential effects of increased federal, state and international regulatory and legislative developments, including those that could adversely impact the demand for the Company’s products, operating costs and required capital levels; unfavorable judicial or legislative developments; the impact of changes in federal, state or foreign tax laws; regulatory requirements that could delay, deter or prevent a takeover attempt that stockholders might consider in their best interests; and the impact of potential changes in accounting principles and related financial reporting requirements.

Any forward-looking statement made by the Company in this document speaks only as of the date of this release. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

Evergreen Capital Management LLC grew its position in shares of The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) by 136.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,168 shares of the insurance provider’s stock after purchasing an additional 5,288 shares during the period. Evergreen Capital Management LLC’s holdings in The Hartford Insurance Group were worth $1,267,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in The Hartford Insurance Group by 0.4% during the third quarter. State Street Corp now owns 16,031,840 shares of the insurance provider’s stock worth $2,146,749,000 after purchasing an additional 55,983 shares in the last quarter. Invesco Ltd. lifted its stake in The Hartford Insurance Group by 10.3% during the third quarter. Invesco Ltd. now owns 5,331,293 shares of the insurance provider’s stock worth $711,141,000 after purchasing an additional 496,821 shares in the last quarter. Nordea Investment Management AB lifted its stake in The Hartford Insurance Group by 1.9% during the fourth quarter. Nordea Investment Management AB now owns 4,389,329 shares of the insurance provider’s stock worth $606,956,000 after purchasing an additional 81,712 shares in the last quarter. Franklin Resources Inc. lifted its stake in The Hartford Insurance Group by 3.3% during the third quarter. Franklin Resources Inc. now owns 3,376,931 shares of the insurance provider’s stock worth $450,449,000 after purchasing an additional 108,765 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in The Hartford Insurance Group by 7.5% during the second quarter. Bank of America Corp DE now owns 3,281,825 shares of the insurance provider’s stock worth $416,365,000 after purchasing an additional 228,780 shares in the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In A number of research analysts have commented on the company. Roth Mkm upped their price target on The Hartford Insurance Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Bank of America upped their price target on The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. upped their price target on The Hartford Insurance Group from $143.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Morgan Stanley upped their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Barclays decreased their price target on The Hartford Insurance Group from $162.00 to $159.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.56.

Read Our Latest Research Report on The Hartford Insurance Group

Insiders Place Their Bets In other The Hartford Insurance Group news, CEO Christopher Swift sold 100,970 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $140.78, for a total value of $14,214,556.60. Following the sale, the chief executive officer directly owned 194,817 shares in the company, valued at $27,426,337.26. This trade represents a 34.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lori A. Rodden sold 40,693 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total value of $5,617,668.65. Following the completion of the sale, the executive vice president owned 25,392 shares in the company, valued at approximately $3,505,365.60. This represents a 61.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 349,282 shares of company stock worth $48,184,324. 1.50% of the stock is owned by insiders.

The Hartford Insurance Group Stock Up 1.2% The Hartford Insurance Group stock opened at $139.78 on Friday. The Hartford Insurance Group, Inc. has a 1-year low of $116.66 and a 1-year high of $144.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $38.56 billion, a PE ratio of 10.48, a P/E/G ratio of 1.29 and a beta of 0.53. The stock’s fifty day moving average is $137.79 and its two-hundred day moving average is $134.73.

The Hartford Insurance Group (NYSE:HIG – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $3.09 earnings per share for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The business had revenue of $14.45 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that The Hartford Insurance Group, Inc. will post 13.39 EPS for the current fiscal year.

The Hartford Insurance Group Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, March 2nd were paid a $0.60 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 17.99%.

About The Hartford Insurance Group (Free Report)

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

Further Reading Five stocks we like better than The Hartford Insurance Group

Receive News & Ratings for The Hartford Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways HIG Q1 core EPS rose 40.5% to $3.09 but missed estimates as revenues also came in light.Business Insurance premiums rise 6%, while Employee Benefits margins fell on staffing and tech costs.HIG's Personal Insurance core earnings surged to $141M as the combined ratio improved to 87.7 from 106.1. The Hartford Insurance Group, Inc. (HIG - Free Report) posted first-quarter fiscal 2026 core earnings per share of $3.09, up 40.5% from $2.20 in the prior-year quarter. The figure missed the Zacks Consensus Estimate of $3.29 by 6.1%.

Operating revenues came in at $5.09 billion, up 7% year over year, but missed the consensus mark by 2.1%.

The weaker-than-expected results were caused by less favorable prior-year reserve development, higher expenses and pressure in Employee Benefits. The negatives were partially offset by high demand for expensive risk events, stronger investment income and a massive turnaround in Personal Insurance.

HIG currently carries a Zacks Rank #3 (Hold). 

HIG’s Q1 OperationsEarned premiums amounted to $6.1 billion, which advanced 5.3% year over year but fell short of the Zacks Consensus Estimate by 0.9%. Net income available to common stockholders increased 36.2% year over year to $851 million.

Net investment income increased to $739 million, from $656 million in the year-ago period and beat the consensus mark by 0.5%. Management attributed the gain primarily to higher income from limited partnerships and other alternative investments, increased invested assets and reinvestments at higher rates.

Total benefits, losses and expenses of $6.2 billion increased 2.4% year over year due to higher amortization of DAC and insurance operating expenses.

P&C current accident year catastrophe losses were $230 million, before tax, compared with $467 million a year ago.

HIG’s Segmental UpdateBusiness Insurance Grew PremiumsBusiness Insurance written premiums rose 6% year over year to $3.9 billion, supported by growth across the segment. Core earnings expanded 17% to $551 million, reflecting earned premium growth and higher net investment income. Profitability was steady on the surface, with the combined ratio at 94.8 versus 94.4 in the prior-year quarter, but came above the consensus mark of 91.4.

Personal Insurance Posted a Sharp TurnaroundPersonal Insurance results stood out for the magnitude of underwriting improvement. Core earnings climbed to $141 million from $6 million a year ago, while the segment’s combined ratio improved to 87.7 from 106.1 and was lower than the Zacks Consensus Estimate of 94.4. Personal Insurance written premiums were $862 million, down 6% from the prior-year quarter, which management tied to a competitive market, even as earned pricing increases supported earned premium trends.

P&C Other Ops Remained StableRevenues in the unit improved 5.6% year over year to $19 million and met the consensus mark. On a core basis, P&C Other Operations earned $14 million versus $13 million a year ago.

Employee Benefits Faced Higher CostsEmployee Benefits generated core earnings of $127 million versus $136 million a year ago. The segment’s core earnings margin was 6.9% in the quarter, down from 7.6% a year ago. The unit’s expense ratio increased to 26.7% from 25.4% in the prior-year quarter and came above the consensus estimate of 25.8, driven by higher staffing costs and higher technology costs. The segment’s loss ratio was 71.7 compared with 71.9 a year ago, as improvement in group life was partially offset by a higher group disability loss ratio.

Hartford Funds Added SupportHartford Funds provided growth, supported by higher fee income. The segment generated revenues of $285 million, up from $264 million a year ago, but missed the Zacks Consensus Estimate by 2.5%. Core earnings increased to $51 million from $44 million. The segment’s daily average assets under management totaled $156 billion, up 10% year over year.

CorporateThe unit posted revenues of $14 million, which jumped from $7 million a year ago, but missed the estimate by 48.1%. The unit incurred a core loss of $18 million, narrower than the year-ago quarter’s loss of $31 million.

Financial Update (as of March 31, 2026)Hartford exited the first quarter with cash of $166 million, which increased from the 2025-end level of $133 million. Total investments of $63.7 billion decreased from the 2025-end figure of $64 billion. Total assets of $86.3 billion grew from $86 billion at 2025-end.

Debt amounted to $4.4 billion, which inched up marginally from the figure as of Dec. 31, 2025.

Total stockholders’ equity marginally decreased to $18.9 billion. Book value per diluted share excluding AOCI increased to $75.25 from $73.62 at 2025-end.

Operating cash flow was above $1 billion in the first quarter, compared with $985 million in the year-ago period.

Capital Deployment UpdateThe company returned $617 million to stockholders, including $450 million of share repurchases and $167 million in common stockholder dividends paid. As of March 31, 2026, it had $1.1 billion left in the buyback program.

How Are Other Insurers Placed This Quarter?Peers like Slide Insurance Holdings, Inc. (SLDE - Free Report) , TWFG, Inc. (TWFG - Free Report) and Arthur J. Gallagher & Co. (AJG - Free Report) are yet to report results for this earnings season.

The Zacks Consensus Estimate for Slide Insurance’s earnings for the to-be-reported quarter of 82 cents per share remained stable over the past week. SLDE’s revenues are pegged at $373.16 million for the quarter. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for TWFG’s earnings for the to-be-reported quarter is pegged at 20 cents per share, signaling 25% year-over-year growth. TWFG’s earnings beat estimates in each of the past four quarters, with an average surprise of 26.4%. It has a Zacks Rank of 1 now.

The Zacks Consensus Estimate for Arthur J. Gallagher’s earnings for the to-be-reported quarter is pegged at $4.40 per share, indicating 19.9% year-over-year growth. AJG’s revenues are pegged at $4.65 billion, signaling 26.3% year-over-year jump. It currently has a Zacks Rank #3.

Posted by Defense World Staff on Apr 26th, 2026

Arizona State Retirement System decreased its stake in The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,029 shares of the insurance provider’s stock after selling 6,918 shares during the period. Arizona State Retirement System’s holdings in The Hartford Insurance Group were worth $10,615,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in The Hartford Insurance Group by 2.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 12,146 shares of the insurance provider’s stock worth $1,674,000 after purchasing an additional 316 shares during the period. Diversified Enterprises LLC boosted its stake in The Hartford Insurance Group by 30.8% during the 4th quarter. Diversified Enterprises LLC now owns 2,145 shares of the insurance provider’s stock worth $296,000 after purchasing an additional 505 shares during the period. Quent Long Short Global Small Cap Fund LP acquired a new stake in The Hartford Insurance Group during the 4th quarter worth $235,000. Turtle Creek Wealth Advisors LLC acquired a new stake in The Hartford Insurance Group during the 4th quarter worth $255,000. Finally, OLD National Bancorp IN boosted its stake in The Hartford Insurance Group by 111.3% during the 4th quarter. OLD National Bancorp IN now owns 3,328 shares of the insurance provider’s stock worth $459,000 after purchasing an additional 1,753 shares during the period. Institutional investors and hedge funds own 93.42% of the company’s stock.

Insider Transactions at The Hartford Insurance Group In other The Hartford Insurance Group news, CEO Christopher Swift sold 201,938 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $136.41, for a total value of $27,546,362.58. Following the completion of the transaction, the chief executive officer directly owned 194,817 shares of the company’s stock, valued at approximately $26,574,986.97. This trade represents a 50.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lori A. Rodden sold 40,693 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $138.05, for a total transaction of $5,617,668.65. Following the completion of the transaction, the executive vice president directly owned 25,392 shares of the company’s stock, valued at approximately $3,505,365.60. This trade represents a 61.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 349,282 shares of company stock valued at $48,184,324 in the last quarter. Insiders own 1.50% of the company’s stock.

The Hartford Insurance Group Stock Down 3.6% The Hartford Insurance Group stock opened at $134.64 on Friday. The stock’s 50 day moving average price is $137.66 and its 200 day moving average price is $134.75. The Hartford Insurance Group, Inc. has a 1-year low of $116.66 and a 1-year high of $144.50. The company has a market cap of $37.14 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 1.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG – Get Free Report) last released its earnings results on Thursday, April 23rd. The insurance provider reported $3.09 EPS for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.30). The business had revenue of $14.45 billion during the quarter, compared to analyst estimates of $7.41 billion. The Hartford Insurance Group had a net margin of 14.10% and a return on equity of 22.70%. The Hartford Insurance Group’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $2.20 EPS. On average, sell-side analysts predict that The Hartford Insurance Group, Inc. will post 13.39 EPS for the current fiscal year.

The Hartford Insurance Group Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Monday, March 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, March 2nd. The Hartford Insurance Group’s dividend payout ratio (DPR) is currently 16.87%.

Analyst Ratings Changes A number of analysts recently weighed in on HIG shares. Evercore increased their price target on shares of The Hartford Insurance Group from $137.00 to $145.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 7th. Bank of America increased their price target on shares of The Hartford Insurance Group from $136.00 to $138.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. Barclays decreased their price target on shares of The Hartford Insurance Group from $159.00 to $156.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley increased their price target on The Hartford Insurance Group from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Roth Mkm lifted their price objective on shares of The Hartford Insurance Group from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.38.

Read Our Latest Stock Report on HIG

The Hartford Insurance Group News Roundup Here are the key news stories impacting The Hartford Insurance Group this week:

Positive Sentiment: Management set a clear operational target for Business Insurance — an expense ratio below 30% by end‑of‑2027 — and is planning to operate in 30 agency states by early 2027, which could boost underwriting leverage and distribution reach over time. Read More. Positive Sentiment: The company reported strong core earnings of $866M and management emphasized underwriting discipline and momentum, highlighting underlying profitability that supports the long‑term thesis. Read More. Positive Sentiment: Barclays trimmed its price target slightly (from $159 to $156) but kept an Overweight rating, signaling continued analyst confidence in upside despite the quarter’s noise. Read More. Neutral Sentiment: The full Q1 earnings call transcript and slide deck are available for detail on reserve assumptions, investment income, and segment performance — useful for investors evaluating whether the EPS miss is one‑off or structural. Read More. Neutral Sentiment: Quarterly metrics comparisons and analyst write‑ups provide additional context on revenue mix and ROE trends; these help determine whether the stock’s valuation (P/E ~9.5) now offers a buying opportunity. Read More. Negative Sentiment: Reported EPS of $3.09 missed the Street ($3.39) — the miss and higher reported costs prompted investor concern and selling pressure despite higher revenue and rising investment income. Read More. Negative Sentiment: Analysts and outlets called out higher operating costs and weaker reserve development as the primary drivers offsetting Personal Insurance gains and investment income — these items pose near‑term earnings risk until clarified. Read More. The Hartford Insurance Group Company Profile (Free Report)

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.

Featured Stories Five stocks we like better than The Hartford Insurance Group Want to see what other hedge funds are holding HIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hartford Insurance Group, Inc. (NYSE:HIG – Free Report).

Receive News & Ratings for The Hartford Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hartford Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEArizona State Retirement System Sells 11,599 Shares of Sysco Corporation $SYY

NEXT HEADLINE »Arizona State Retirement System Sells 22,670 Shares of Baker Hughes Company $BKR

-

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford will host a virtual annual meeting of shareholders at 12:30 p.m. EDT on Wednesday, May 20.

Shareholders of record at the close of business on March 23, 2026, or their legal proxy holders, are entitled to attend the meeting, vote shares and submit questions at www.virtualshareholdermeeting.com/HIG2026. To be admitted, shareholders must enter the 16-digit control number found on the proxy card, voter instruction form or notice that they previously received. Guests without a control number may also attend the meeting but will not be permitted to vote or submit questions. Shareholders of record may also vote or submit questions in advance of the meeting at www.proxyvote.com using their 16-digit control number.

A replay of the meeting will be available for 30 days following the event at https://ir.thehartford.com. A copy of the 2026 proxy statement and additional information regarding the annual meeting are available on the investor relations section of the company’s website.

About The Hartford

The Hartford is a leader in property and casualty insurance, employee benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-C

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

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.

More News From The Hartford

Back to Newsroom

-

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford’s Board of Directors declared a dividend of $0.60 per share of common stock, payable July 2 to common stock shareholders of record at the close of business on June 1.

The board also declared a dividend of $375 on each of the shares of the Series G preferred stock (equivalent to $0.375 per depository share), payable Aug. 17 to Series G preferred stock shareholders of record at the close of business on Aug. 3.

About The Hartford

The Hartford is a leader in property and casualty insurance, employee benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-F

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

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.

More News From The Hartford

Back to Newsroom

Evolution of long-standing strategic partnership creates single full-service firm with robust U.S. Wealth business, integrating investment management, distribution and servicing capabilities

Expected net present value of the transaction estimated to be $1.9 billion1

BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--Wellington Management (“Wellington”), one of the world’s leading independent investment managers, and The Hartford (NYSE: HIG), today announced they have entered into a definitive agreement under which Wellington will acquire Hartford Funds, a leading provider of investment solutions for the wealth management market. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and going forward the business will operate under the Wellington brand.

This transaction will allow Wellington to offer financial advisors and investors broader access to investment capabilities, a deeper distribution platform, and more integrated support across the U.S. wealth management landscape. This will be achieved by combining Wellington’s global institutional investment expertise with Hartford Funds’ established advisor relationships. This acquisition transforms the companies’ long-term, strategic partnership into a single, full-service firm that can deliver stronger outcomes for financial advisors and investors in the decades ahead. The combined organization will be a stronger independent investment manager well-positioned to compete as the industry continues to evolve.

Jean Hynes, CEO and managing partner at Wellington Management, said, “For more than 40 years, Wellington and Hartford Funds have partnered together in support of advisors and investors, and I’m excited about what this combination means for the future of both organizations. Wellington’s nearly century-long investment heritage is underscored by a deep commitment to supporting advisors, investors, and employees, and I know that the Hartford Funds team shares this commitment. Together, we are building on the strengths that have defined our relationship to reinforce our commitment to the U.S. wealth market through expanded access to investment capabilities, broader distribution reach, and enhanced resources for advisors and investors. I look forward to continuing to build on the strengths that have defined our partnership together in the years ahead.”

The Hartford’s Chairman and CEO Christopher Swift said, “We are proud of the strong advisor-centric fund company that we have built, powered by Wellington’s outstanding investment capabilities for many years. This transaction allows us to realize immediate and continued value for The Hartford’s shareholders and positions Hartford Funds’ exceptional people for ongoing success. This combination creates the ideal long-term home for Hartford Funds.”

A Four-Decade Strategic Partnership

Wellington and Hartford Funds share a deep partnership that spans more than four decades, built on a consistent focus of delivering strong outcomes for financial advisors and investors. The relationship began in 1978 and formally evolved in 1984 with the launch of a long-standing sub-advisory partnership across mutual funds. Since then, the partnership has broadened to include new capabilities such as ETFs and additional investment strategies, reflecting a shared commitment to innovation and growth. Today, Wellington sub-advises 83% of Hartford Funds’ approximately $160 billion in assets, supported by a 160-plus-person client-facing team with deep experience representing Wellington’s investment platform.

Strategic and Operational Benefits of Transaction

A Single, Integrated Full-Service Platform: The transaction will combine Wellington’s institutional investment expertise and nearly century-long investment heritage with Hartford Funds’ scaled advisor distribution platform and deep intermediary relationships. The result will be a stronger, strategically aligned U.S. wealth platform spanning investment management, distribution and servicing. Expanded Capabilities and Solutions for Advisors and Investors: As a single, integrated platform, Wellington will provide advisors with broader access to investment strategies and solutions across mutual funds, ETFs, SMAs, models, and alternative investments, supported by deeper insights, expanded capabilities, and enhanced service resources designed to help advisors meet clients’ evolving needs. Positioned for Long-Term Growth: By operating as a single full-service firm, Wellington will drive long-term growth across the wealth market through expanded access to investment capabilities, a scaled advisor distribution platform, and extended market reach. The combined organization will include approximately 200 client-facing professionals delivering broader solutions, more coordinated support, and a simpler, more cohesive experience for advisors and their clients. Christina Kopec Rooney, head of U.S. Wealth at Wellington Management, commented, “This combination sharpens our competitive edge and value to advisors and our clients — uniting Wellington’s investment capabilities and global wealth and institutional experience with Hartford Funds’ U.S. distribution scale and trusted team. I am excited by our collective strengths and the potential to innovate and deliver world-class investment solutions, deeper insights, and expanded access to Wellington, including alternatives — a compelling union after decades of close partnership.”

Greg Frost, president of Hartford Funds, said, “Hartford Funds’ and Wellington’s partnership is rooted in shared values, organizational alignment and a focus on delivering investment excellence for advisors and investors. We are excited to become part of a single, integrated Wellington platform and believe this combination represents not only continuity for our clients and teams, but also a reaffirmation of our shared investment philosophy. We look forward to working together to build on our history and create new opportunities for growth and innovation.”

Transaction Terms

The net present value of the transaction is estimated to be $1.9 billion. Under the agreement, The Hartford will receive $300 million in cash at closing and additional payments based on the available after-tax cash generated by the combination of Hartford Funds’ business and Wellington’s business supporting Hartford Funds, including the sale of certain other Wellington-sponsored products in the U.S. wealth market, over 7 years2 following the close of the transaction. The deal is expected to close in the first quarter of 2027, subject to regulatory and fund approvals.

Advisors

J.P. Morgan Securities LLC is acting as financial advisor to Wellington, with Paul, Weiss, Rifkind, Wharton & Garrison LLP acting as the company’s legal advisor. Goldman Sachs & Co. LLC is acting as financial advisor to The Hartford, with Weil, Gotshal & Manges LLP as the company’s legal advisor.

About Wellington Management

Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted advisor to over 2,500 clients in more than 60 countries. The firm manages more than $1.35 trillion, as of April 30, 2026, for fund sponsors, global wealth managers, family offices, pensions, endowments and foundations, insurers, and other clients. Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model, diverse perspectives through its unified, multi-asset investment platform, and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture. For more information, visit wellington.com.

About The Hartford

The Hartford is a leader in property and casualty insurance and employee benefits. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice: 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.

About Hartford Funds

Hartford Funds offers mutual funds, ETFs and 529 college savings plans built for diverse client needs. Excluding affiliated funds of funds, Hartford Funds’ investment advisory business had approximately $160.2 billion in discretionary and non-discretionary assets under management as of April 30, 2026. Through the firm’s systematic capabilities and deep, strategic relationships with our active management sub-advisors, Wellington Management and Schroders – two of the largest and longest-standing institutional investment managers in the world – Hartford Funds is committed to designing an investment platform clients can trust. The firm’s comprehensive product suite comprises actively managed strategies, including fixed income, equity and multi-strategy options, as well as a line-up of systematic ETFs that leverage a proprietary risk-optimized indexing approach. Beyond investments, Hartford Funds has partnerships with institutions like the MIT AgeLab and other leading experts to help investors navigate longevity and enhance quality of life, while supporting financial professionals as they deepen relationships with clients. For more information, visit hartfordfunds.com.

This release may contain statements deemed to be forward-looking statements. All statements, other than historical facts, contained within this document that address activities, events or developments that Wellington Management or The Hartford expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions and analysis made by Wellington Management and The Hartford in light of their respective experience and perception of historical trends, current conditions, expected future developments and other factors they believe are appropriate in the circumstances, which may be detailed herein. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond Wellington Management’s and The Hartford’s control. Please note that any such statements are not guarantees of any future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. In addition, forward-looking statements made by The Hartford are intended to qualify for the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Investors should consider the important risks and uncertainties that may cause actual results to differ materially, including those discussed in The Hartford’s 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and other filings The Hartford makes with the Securities and Exchange Commission. Neither Wellington Management nor The Hartford undertakes any obligation to update any forward-looking statements contained in this release, which speak only as of the date issued.

1 Calculated at a discount rate of 11% and subject to market and operating performance.

2 The 7-year period may be reduced or extended based on agreed upon performance thresholds.

Key Takeaways HIG agreed to sell Hartford Funds to Wellington in a deal with an estimated net present value of $1.9B.The Hartford will receive $300M at closing plus payments tied to future cash flows over seven years.Hartford Funds, with about $160B AUM, will join Wellington's U.S. Wealth business after approvals. The Hartford Insurance Group, Inc. (HIG - Free Report) has agreed to sell Hartford Funds to its long-time partner, Wellington Management, in a deal with an estimated net present value of $1.9 billion. The deal extends a partnership spanning more than four decades and will integrate Hartford Funds into Wellington's U.S. Wealth business under the Wellington brand.

Under the agreement, HIG will receive $300 million in cash at closing, along with additional payments tied to the after-tax cash generated by the combined wealth-management business over the next seven years. The transaction is expected to be closed in the first quarter of 2027, subject to regulatory and fund approvals.

The sale also reflects the close relationship between the two firms. Management believes Hartford Funds will benefit from being part of a larger integrated wealth platform. Wellington already sub-advises approximately 83% of Hartford Funds' assets. With roughly $160 billion in assets under management, Hartford Funds has been a significant part of the partnership, making full integration a logical next step.

The move aligns with The Hartford's strategy of increasing its focus on core insurance operations while unlocking value from its asset-management business. HIG's strong operating performance provides a solid foundation for the transaction. Core earnings rose 34% year over year to $866 million in first-quarter 2026, benefiting from increased investment income. Additionally, its trailing 12-month core return on equity of 22.5% compared favorably with the industry average of 7.4%

The transaction enhances capital flexibility and provides an additional source of future cash flows. By divesting the retail asset-management business, HIG can allocate more resources to its core business segments while continuing to participate in the growth potential of the combined wealth platform through the seven-year cash-participation arrangement. The deal simplifies the company's business mix and strengthens its focus on its core insurance franchises.

HIG’s Stock Price PerformanceShares of HIG have lost 1.6% over the past year compared with the industry’s 5.3% decline.

Image Source: Zacks Investment Research

HIG’s Zacks Rank & Key PicksHIG currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Finance space are Mercury General Corporation (MCY - Free Report) , The Hanover Insurance Group, Inc. (THG - Free Report) and First American Financial Corporation (FAF - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Mercury General’s 2026 earnings is pegged at $11.38 per share, indicating 44.1% year-over-year growth. MCY has witnessed one upward revision in the past 30 days, with no movement in the opposite direction. The consensus estimate for 2026 revenues is pinned at $6.4 billion, implying 8.5% year-over-year growth.

The Zacks Consensus Estimate for Hanover Insurance’s 2026 earnings is pegged at $18.36 per share, which has witnessed two upward revisions in the past 30 days, with no movement in the opposite direction. THG beat earnings estimates in each of the trailing four quarters, with the average surprise being 28.5%. The consensus estimate for 2026 revenues is pinned at $6.95 billion, implying 4.7% year-over-year growth.

The Zacks Consensus Estimate for First American’s 2026 earnings is pegged at $6.81 per share, indicating 12.6% year-over-year growth. FAF beat earnings estimates in each of the trailing four quarters, with the average surprise being 22%. The consensus estimate for 2026 revenues is pinned at $8.06 billion, implying 8.1% year-over-year growth.