HARTFORD FINANCIAL SERVICES GROUP, INC. (HGH) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,8895,9964,8724,7635,6182,450
Cash and cash equivalents229205151185121180
Short-term investments5,6605,7914,7214,5785,4972,270
Total current assets:5,8895,9964,8724,7635,6182,450
Noncurrent Assets
Operating lease, right-of-use asset 135  191
Property, plant and equipment9271,0271,1221,1811,0061,034
Long-term investments and receivables 3,7002,9002,0001,6001,5001,200
Long-term investments 3,7002,9002,0001,6001,5001,200
Intangible assets, net (including goodwill)2,6892,7692,8612,9831,9471,949
Goodwill1,9111,9111,9111,9131,2901,290
Intangible assets, net (excluding goodwill)7788589501,070657659
Deferred costs     10 
Deferred income tax assets1,44927046299
Total noncurrent assets:8,9006,9666,0296,2544,4634,183
Other undisclosed assets58,23363,61663,21059,80052,226218,627
TOTAL ASSETS:73,02276,57874,11170,81762,307225,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    500413320
Business combination, contingent consideration, liability     10 
Total current liabilities:    500423320
Noncurrent Liabilities
Long-term debt and lease obligation 4,3574,9444,3524,3484,2654,678
Long-term debt, excluding current maturities 4,3574,9444,3524,3484,2654,678
Total noncurrent liabilities: 4,3574,9444,3524,3484,2654,678
Other undisclosed liabilities55,03453,79151,20349,69944,518206,768
Total liabilities:59,39158,73555,55554,54749,206211,766
Equity
Equity, attributable to parent, including:13,63117,84318,55616,27013,10113,494
Common stock344444
Treasury stock, value(1,773)(1,740)(1,192)(1,117)(1,091)(1,194)
Additional paid in capital1,8953,3094,3224,3124,3784,379
Accumulated other comprehensive income (loss)(3,876)1721,17052(1,579)663
Retained earnings17,04815,76413,91812,68511,0559,642
Other undisclosed equity, attributable to parent334334334334334 
Total equity:13,63117,84318,55616,27013,10113,494
TOTAL LIABILITIES AND EQUITY:73,02276,57874,11170,81762,307225,260

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues22,36222,39020,52320,74018,95516,974
Premiums earned, net19,39017,99917,28816,92315,869
Financial services revenue15,121
Cost of revenue(14,977)(14,409)(13,511)(13,094)(12,549)(11,546)
Policyholder benefits and claims incurred, net(13,142)(12,729)(11,805)(11,472)(11,165)
Financial services costs(10,174)
Gross profit:7,3857,9817,0127,6466,4065,428
Operating expenses(4,843)(5,122)(4,584)(4,580)(4,281)(4,375)
Operating income:2,5422,8592,4283,0662,1251,053
Nonoperating income
(Investment Income, Nonoperating)
  429    
Interest and debt expense(222)(234)(236)(349)(304)(316)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (72)(157)(68)(14)
Income from continuing operations before equity method investments, income taxes:2,3203,0542,1202,5601,753723
Income from equity method investments  630    
Other undisclosed loss from continuing operations before income taxes(62)(788)    
Income from continuing operations before income taxes:2,2582,8962,1202,5601,753723
Income tax expense(443)(531)(383)(475)(268)(985)
Income (loss) from continuing operations:1,8152,3651,7372,0851,485(262)
Income (loss) before gain (loss) on sale of properties:2,3651,7372,0851,485(3,131)
Loss from discontinued operations      (2,869)
Net income (loss):1,8152,3651,7372,0851,485(3,131)
Other undisclosed net income attributable to parent     322 
Net income (loss) attributable to parent:1,8152,3651,7372,0851,807(3,131)
Preferred stock dividends and other adjustments(21)(21)(21)(21)(6) 
Net income (loss) available to common stockholders, diluted:1,7942,3441,7162,0641,801(3,131)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,8152,3651,7372,0851,485(3,131)
Other comprehensive income     67
Comprehensive income (loss):1,8152,3651,7372,0851,491(3,124)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,048)(998)1,1181,631(1,921)993
Comprehensive income (loss), net of tax, attributable to parent:(2,233)1,3672,8553,716(430)(2,131)

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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