• Insurance - Diversified
  • Financial Services
The Hartford Financial Services Group, Inc. logo
The Hartford Financial Services Group, Inc.
HIG · US · NYSE
108.2
USD
+0.8
(0.74%)
Company Overview

ONE HARTFORD PLAZA,HARTFORD CT 06155,8605475000

CEO

Mr. Christopher Jerome Swift CPA

Employess

18700

Sector

Financial Services

Industry

Insurance - Diversified

Website

https://www.thehartford.com

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment 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; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

Next Earnings Date

Oct. 24, 2024

Ex Dividends date

Oct. 02, 2024

Dividend Date

Sept. 3, 2024

YTD Performance

32.92%

Fiscal Year End

12-31

IPO Date

1995-12-15

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue -0.67% 5.29% 6.12% 9.68%
EPS 36.14% 9.93% 19.09% 46.56%
Equity -2.08% 3.19% -6.17% 12.44%
Cash -18.31% 9.33% 7.77% -17.47%
Return On Capital (ROIC) 4.10% 5.02% 2.92% 13.59%
Debt
year (millions) 2023 2022 2021 2020 2019
Short Term Debt 0.0 (34,300) 0.0 0.0 500
Long Term Debt 4,360 4,360 4,940 4,350 4,350
LT Finance Leases 0.0 0.0 0.0 0.0 0.0
Shares Outstanding 307 325 349 358 361
Market Cap 24,700 24,600 24,100 17,500 21,900
Price
Business Segments (Beta)
Geographical Segments (Beta)
News
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Hartford Financial's (HIG) quarterly earnings benefit from a strong Group Benefits and Commercial Lines performance. However, rising expenses partially offset the positives.

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The Hartford Financial Services Group, Inc. (HIG) Q2 2024 Earnings Call Transcript
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The Hartford Financial Services Group, Inc. (NYSE:HIG ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Susan Spivak - Senior Vice President, Investor Relations Chris Swift - Chairman and Chief Executive Officer Beth Costello - Chief Financial Officer Morris Tooker - Head of Enterprise Sales & Distribution, Global Specialty, and Middle & Large Commercial Jonathan Bennett - Head of Group Benefits Conference Call Participants Elyse Greenspan - Wells Fargo Andrew Kligerman - TD Cowen Brian Meredith - UBS Financial Gregory Peters - Raymond James Josh Shanker - Bank of America Yaron Kinar - Jefferies Peter Knudsen - Evercore ISI Operator Thank you for standing by, and welcome to The Hartford Financial Second Quarter 2024 Results Conference Call and Webcast. All lines have been placed on mute to prevent any background noise.

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Travelers' stock (NYSE: TRV) dropped 8% on 19th July (Friday) vs a nearly 1% rise in the S&P500 index. In comparison, Travelers' peer, Hartford Financial (NYSE: HIG), was down 4% on the 19th.

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Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "Hartford Financial Services Group Inc. - Digital transformation strategies" company profile has been added to ResearchAndMarkets.com's offering. This report provides insight into Hartford's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. The Hartford Financial Services Group Inc (Hartford) is a financial holding group. The group, through its subsidiaries, provides a range of property and casualty insurance, group benefits and mutual funds to individuals and business customers. It offers insurance products for homeowners, renters, workers' compensation, business income, commercial property, data breach, auto, general liability, professional liability, bond, management liability, inland marine and livestock. The group also offers annuities, asset management and investment management services. It serves customers through direct sales, brokers, banks, registered investment advisors, affinity partners, internal sales force and independent agents. It operates in the US. Hartford InsurTech Hub is an accelerator program launched in 2017, by Startupbootcamp (a global network of startup accelerators) along with founding partners, The Hartford, Cigna, Aetna, USAA, Travelers, White Mountains, Capgemini, Conning, Locke Lord, LKP Global Law, Launch, Rainmaking, and the City of Hartford. The hub helps insurtech startups grow their business by offering resources and support, as well as helping them connect with the investor community. In 2019, The Hartford launched an IoT Innovation Lab focused on accelerating IoT innovation within the group. The lab supports core business units and incubates breakthrough startups, services, and business models. The lab started its operations by studying how real-time data from network connected water sensors and wearables can be processed and used to help industrial customers prevent on-site accidents and equipment damage or failure. Scope

globenewswire.com
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AM Best Revises Issuer Credit Rating Outlook to Positive for The Hartford Financial Services Group, Inc. and Its Subsidiaries
3 months

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Long-Term ICR of “a-” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IR) of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) [NYSE: HIG], which is the ultimate parent of the companies hereinafter mentioned. AM Best also has revised the outlooks to positive from stable for the Long-Term ICR and affirm.

businesswire.com