Hartford Financial Services Group Inc. (The) (HIG) Financial Statements (2025 and earlier)

Company Profile

Business Address ONE HARTFORD PLAZA
HARTFORD, CT 06155
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8405,8895,9964,8724,7635,618
Cash and cash equivalents126229205151185121
Short-term investments4,7145,6605,7914,7214,5785,497
Total current assets:4,8405,8895,9964,8724,7635,618
Noncurrent Assets
Operating lease, right-of-use asset 141135  191
Property, plant and equipment8969271,0271,1221,1811,006
Long-term investments and receivables 4,3003,7002,9002,0001,6001,500
Long-term investments 4,3003,7002,9002,0001,6001,500
Intangible assets, net (including goodwill)2,6182,6892,7692,8612,9831,947
Goodwill1,9111,9111,9111,9111,9131,290
Intangible assets, net (excluding goodwill)7077788589501,070657
Deferred costs      10
Deferred income tax assets1,1731,44927046299
Total noncurrent assets:9,1288,9006,9666,0296,2544,463
Other undisclosed assets62,81258,23363,61663,21059,80052,226
TOTAL ASSETS:76,78073,02276,57874,11170,81762,307
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     500413
Business combination, contingent consideration, liability      10
Total current liabilities:     500423
Noncurrent Liabilities
Long-term debt and lease obligation 4,3624,3574,9444,3524,3484,265
Long-term debt, excluding current maturities 4,3624,3574,9444,3524,3484,265
Liabilities, other than long-term debt      
Investment program, proportional amortization method, elected, commitment      
Total noncurrent liabilities:4,3624,3574,9444,3524,3484,265
Other undisclosed liabilities57,09155,03453,79151,20349,69944,518
Total liabilities:61,45359,39158,73555,55554,54749,206
Equity
Equity, attributable to parent, including:15,32713,63117,84318,55616,27013,101
Common stock334444
Treasury stock, value(1,816)(1,773)(1,740)(1,192)(1,117)(1,091)
Additional paid in capital6481,8953,3094,3224,3124,378
Accumulated other comprehensive income (loss)(2,849)(3,876)1721,17052(1,579)
Retained earnings19,00717,04815,76413,91812,68511,055
Other undisclosed equity, attributable to parent334334334334334334
Total equity:15,32713,63117,84318,55616,27013,101
TOTAL LIABILITIES AND EQUITY:76,78073,02276,57874,11170,81762,307

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues24,52722,36222,39020,52320,74018,955
Premiums earned, net21,02619,39017,99917,28816,92315,869
Cost of revenue(16,282)(14,977)(14,409)(13,511)(13,094)(12,549)
Policyholder benefits and claims incurred, net(14,238)(13,142)(12,729)(11,805)(11,472)(11,165)
Gross profit:8,2457,3857,9817,0127,6466,406
Operating expenses(4,887)(4,843)(5,122)(4,584)(4,580)(4,281)
Operating income:3,3582,5422,8592,4283,0662,125
Nonoperating income
(Investment Income, Nonoperating)
   429   
Interest and debt expense(199)(222)(234)(236)(349)(304)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (72)(157)(68)
Income from continuing operations before equity method investments, income taxes:3,1592,3203,0542,1202,5601,753
Income from equity method investments   630   
Other undisclosed loss from continuing operations before income taxes(71)(62)(788)   
Income from continuing operations before income taxes:3,0882,2582,8962,1202,5601,753
Income tax expense(584)(443)(531)(383)(475)(268)
Income from continuing operations:2,5041,8152,3651,7372,0851,485
Income before gain (loss) on sale of properties:2,3651,7372,0851,485
Net income:2,5041,8152,3651,7372,0851,485
Other undisclosed net income attributable to parent      322
Net income attributable to parent:2,5041,8152,3651,7372,0851,807
Preferred stock dividends and other adjustments(21)(21)(21)(21)(21)(6)
Net income available to common stockholders, diluted:2,4831,7942,3441,7162,0641,801

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,5041,8152,3651,7372,0851,485
Other comprehensive income      6
Comprehensive income:2,5041,8152,3651,7372,0851,491
Other undisclosed comprehensive income (loss), net of tax, attributable to parent992(4,048)(998)1,1181,631(1,921)
Comprehensive income (loss), net of tax, attributable to parent:3,496(2,233)1,3672,8553,716(430)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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