The Hartford Insurance Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. It operates through Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits and Hartford Funds. The company offers insurance coverage, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company also provides automobiles, homeowners, and personal umbrella coverages. The Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. In addition, it provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; leave management solution; distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Further, the company offers managed mutual funds across various asset classes; and exchange-traded funds through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $28.1B | - | $3.8B | $5.8B | 20.6% | 6.4% | 23.3% |
| 2024 | $26.4B | - | $3.1B | $5.8B | 19.3% | 8.4% | 24.2% |
| 2023 | $24.3B | - | $2.5B | $4.0B | 16.7% | 11.3% | 37.7% |
| 2022 | $21.9B | - | $1.8B | $3.8B | 13.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 21,854 | 24,330 | 26,384 | 28,071 |
| Operating Revenue | - | 21,854 | 24,330 | 26,384 | 28,071 |
| Total Expenses | - | 19,592 | 21,242 | 22,535 | 23,311 |
| EBIT | - | 2,475 | 3,287 | 4,048 | 4,959 |
| Interest Expense | - | 213 | 199 | 199 | 199 |
| Net Interest Income | - | -213 | -199 | -199 | -199 |
| Other Income Expense | - | 73 | 84 | 88 | 110 |
| Interest Expense Non Operating | - | 213 | 199 | 199 | 199 |
| Net Non Operating Interest Income Expense | - | -213 | -199 | -199 | -199 |
| Pretax Income | - | 2,262 | 3,088 | 3,849 | 4,760 |
| Tax Provision | - | 443 | 584 | 738 | 924 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.55 | -1.14 | -0.38 | 0 |
| Net Income Continuous Operations | - | 1,819 | 2,504 | 3,111 | 3,836 |
| Net Income From Continuing And Discontinued Operation | - | 1,819 | 2,504 | 3,111 | 3,836 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,819 | 2,504 | 3,111 | 3,836 |
| Net Income | - | 1,819 | 2,504 | 3,111 | 3,836 |
| Net Income Common Stockholders | - | 1,798 | 2,483 | 3,090 | 3,815 |
| Net Income Including Noncontrolling Interests | - | 1,819 | 2,504 | 3,111 | 3,836 |
| Normalized Income | - | 1,829.45 | 2,508.86 | 3,112.62 | 3,836 |
| Diluted NI Availto Com Stockholders | - | 1,798 | 2,483 | 3,090 | 3,815 |
| Basic Average Shares | - | 315.11 | 307.10 | 293.90 | 282.40 |
| Diluted Average Shares | - | 329.78 | 311.50 | 298.60 | 286.50 |
| Reconciled Depreciation | - | 625 | 510 | 356 | 396 |
| Total Unusual Items | - | -13 | -6 | -2 | 0 |
| Total Unusual Items Excluding Goodwill | - | -13 | -6 | -2 | 0 |
| Preferred Stock Dividends | - | 21 | 21 | 21 | 21 |
| Special Income Charges | - | -13 | -6 | -2 | 0 |
| Restructuring And Mergern Acquisition | - | 13 | 6 | 2 | 0 |
| Depreciation And Amortization In Income Statement | - | 71 | 71 | 71 | 71 |
| Other Operating Expenses | - | 7 | 15 | -3 | 6 |
| Amortization | - | 71 | 71 | 71 | 71 |
| Loss Adjustment Expense | - | 17,979 | 19,119 | 20,132 | 20,822 |
| Net Policyholder Benefits And Claims | - | 17,979 | 19,119 | 20,132 | 20,822 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Hartford Insurance Group, Inc.this co. | HIG | $34.9B | 9.15β discount | 1.84 | 20.1% | - |
| American International Group, Inc. | AIG | $38.9B | 12.58 | 0.95 | 7.5% | - |
| PayPal Holdings, Inc. | PYPL | $37.7B | 7.21 | 1.86 | 25.8% | 4.84 |
| Prudential Financial, Inc. | PRU | $35.9B | 10.15 | 1.11 | 10.9% | - |
| Huntington Bancshares Incorporated |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| HBAN |
| $33.5B |
| 15.16 |
| 1.55 |
| 10.2% |
| - |
| M&T Bank Corporation | MTB | $32.5B | 11.39 | 1.23 | 10.8% | - |
| Northern Trust Corporation | NTRS | $32.0B | 18.44 | 2.65 | 14.4% | - |
| Arch Capital Group Ltd. | ACGL | $30.9B | 7.02 | 1.32 | 18.8% | - |
| Cboe Global Markets, Inc. | CBOE | $29.9B | 27.21 | 5.83 | 21.4% | 16.83 |
| Peer Median | - | 11.98 | 1.44 | 12.6% | 10.84 | |