HARTFORD FINANCIAL SERVICES GROUP, INC. (HGH) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,9964,8724,7635,6182,4504,1262,291
Cash and cash equivalents205151185121180882448
Short-term investments5,7914,7214,5785,4972,2703,2441,843
Disposal group, including discontinued operation     870 
Total current assets:5,9964,8724,7635,6182,4504,9962,291
Noncurrent Assets
Operating lease, right-of-use asset  191
Property, plant and equipment1,0271,1221,1811,0061,034991974
Long-term investments and receivables2,9002,0001,6001,5001,2002,1002,900
Long-term investments2,9002,0001,6001,5001,2002,1002,900
Intangible assets, net (including goodwill)2,7692,8612,9831,9471,949567498
Goodwill1,9111,9111,9131,2901,290567498
Intangible assets, net (excluding goodwill)8589501,070657659  
Deferred costs   10   
Deferred income tax assets27046299
Total noncurrent assets:6,9666,0296,2544,4634,1833,6584,372
Other undisclosed assets63,61663,21059,80052,226218,627214,778221,685
TOTAL ASSETS:76,57874,11170,81762,307225,260223,432228,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  500413320416275
Securities loaned     48867
Disposal group, including discontinued operation     611 
Business combination, contingent consideration, liability   10   
Total current liabilities:  5004233201,515342
Noncurrent Liabilities
Long-term debt and lease obligation4,9444,3524,3484,2654,6784,6365,084
Long-term debt, excluding current maturities4,9444,3524,3484,2654,6784,6365,084
Total noncurrent liabilities:4,9444,3524,3484,2654,6784,6365,084
Other undisclosed liabilities53,79151,20349,69944,518206,768200,378205,280
Total liabilities:58,73555,55554,54749,206211,766206,529210,706
Stockholders' equity
Stockholders' equity attributable to parent, including:17,84318,55616,27013,10113,49416,90317,642
Common stock4444445
Treasury stock, value(1,740)(1,192)(1,117)(1,091)(1,194)(1,125)(3,557)
Additional paid in capital3,3094,3224,3124,3784,3795,2478,973
Accumulated other comprehensive income (loss)1721,17052(1,579)663(337)(329)
Retained earnings15,76413,91812,68511,0559,64213,11412,550
Other undisclosed stockholders' equity attributable to parent334334334334   
Other undisclosed stockholders' equity     (17,240)(17,971)
Total stockholders' equity:17,84318,55616,27013,10113,494(337)(329)
Other undisclosed liabilities and equity     17,24017,971
TOTAL LIABILITIES AND EQUITY:76,57874,11170,81762,307225,260223,432228,348

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues22,39020,52320,74018,95516,97418,30018,377
Premiums earned, net17,99917,28816,92315,869
Net investment income2,3131,8461,9511,7801,6032,9613,030
Financial services revenue15,12115,52115,416
Cost of revenue(14,409)(13,511)(13,094)(12,549)(11,546)(1,502)(1,571)
Policyholder benefits and claims incurred, net(12,729)(11,805)(11,472)(11,165)
Deferred policy acquisition costs, amortization expense(1,680)(1,706)(1,622)(1,384)(1,372)(1,502)(1,571)
Financial services costs(10,174)  
Gross profit:7,9817,0127,6466,4065,42816,79816,806
Operating expenses(5,122)(4,584)(4,580)(4,281)(4,375)  
Operating income:2,8592,4283,0662,1251,05316,79816,806
Nonoperating income
(Investment Income, Nonoperating)
429      
Interest and debt expense(234)(236)(349)(304)(316)(339)(21)
Other undisclosed loss from continuing operations before equity method investments, income taxes (72)(157)(68)(14)(15,655)(14,807)
Income from continuing operations before equity method investments, income taxes:3,0542,1202,5601,7537238041,978
Income from equity method investments630      
Other undisclosed loss from continuing operations before income taxes(788)      
Income from continuing operations before income taxes:2,8962,1202,5601,7537238041,978
Income tax expense (benefit)(531)(383)(475)(268)(985)92(305)
Income (loss) from continuing operations:2,3651,7372,0851,485(262)8961,673
Income (loss) from discontinued operations    (2,869) 9
Net income (loss):2,3651,7372,0851,485(3,131)8961,682
Other undisclosed net income attributable to parent   322   
Net income (loss) attributable to parent:2,3651,7372,0851,807(3,131)8961,682
Preferred stock dividends and other adjustments(21)(21)(21)(6)   
Net income (loss) available to common stockholders, diluted:2,3441,7162,0641,801(3,131)8961,682

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,3651,7372,0851,485(3,131)8961,682
Other comprehensive income (loss)   67(8)(1,257)
Comprehensive income (loss):2,3651,7372,0851,491(3,124)888425
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(998)1,1181,631(1,921)993  
Comprehensive income (loss), net of tax, attributable to parent:1,3672,8553,716(430)(2,131)888425

Statements sources

The financial statements are based on the company's filings with the 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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