Hartford Financial Services Group, Inc. (The) (HGH) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,8724,7635,6182,4504,1262,2915,282
Cash and cash equivalents151185121180882448399
Short-term investments4,7214,5785,4972,2703,2441,8434,883
Disposal group, including discontinued operation    870  
Total current assets:4,8724,7635,6182,4504,9962,2915,282
Noncurrent Assets
Operating lease, right-of-use asset 191
Property, plant and equipment1,1221,1811,0061,034991974831
Long-term investments and receivables2,0001,6001,5001,2002,1002,9002,900
Long-term investments2,0001,6001,5001,2002,1002,9002,900
Intangible assets, net (including goodwill)2,8612,9831,9471,949567498498
Goodwill1,9111,9131,2901,290567498498
Intangible assets, net (excluding goodwill)9501,070657659   
Deferred costs  10    
Deferred income tax assets46299
Total noncurrent assets:6,0296,2544,4634,1833,6584,3724,229
Other undisclosed assets63,21059,80052,226218,627214,778221,685235,502
TOTAL ASSETS:74,11170,81762,307225,260223,432228,348245,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 500413320416275456
Securities loaned    48867 
Disposal group, including discontinued operation    611  
Business combination, contingent consideration, liability  10    
Total current liabilities: 5004233201,515342456
Noncurrent Liabilities
Long-term debt and lease obligation4,3524,3484,2654,6784,6365,0845,653
Long-term debt, excluding current maturities4,3524,3484,2654,6784,6365,0845,653
Total noncurrent liabilities:4,3524,3484,2654,6784,6365,0845,653
Other undisclosed liabilities51,20349,69944,518206,768200,378205,280220,184
Total liabilities:55,55554,54749,206211,766206,529210,706226,293
Stockholders' equity
Stockholders' equity attributable to parent, including:18,55616,27013,10113,49416,90317,64218,720
Common stock4444455
Treasury stock, value(1,192)(1,117)(1,091)(1,194)(1,125)(3,557)(2,527)
Additional paid in capital4,3224,3124,3784,3795,2478,9739,123
Accumulated other comprehensive income (loss)1,17052(1,579)663(337)(329)928
Retained earnings13,91812,68511,0559,64213,11412,55011,191
Other undisclosed stockholders' equity attributable to parent334334334    
Other undisclosed stockholders' equity    (17,240)(17,971) 
Total stockholders' equity:18,55616,27013,10113,494(337)(329)18,720
Other undisclosed liabilities and equity    17,24017,971 
TOTAL LIABILITIES AND EQUITY:74,11170,81762,307225,260223,432228,348245,013

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues20,52320,74018,95516,97418,30018,37718,614
Premiums earned, net17,28816,92315,869
Net investment income1,8461,9511,7801,6032,9613,0303,154
Financial services revenue15,12115,52115,41615,332
Cost of revenue(13,511)(13,094)(12,549)(11,546)(1,502)(1,571)(10,812)
Policyholder benefits and claims incurred, net(11,805)(11,472)(11,165)
Deferred policy acquisition costs, amortization expense(1,706)(1,622)(1,384)(1,372)(1,502)(1,571) 
Financial services costs(10,174)  (10,805)
Gross profit:7,0127,6466,4065,42816,79816,8067,802
Operating expenses(4,584)(4,580)(4,281)(4,375)  (4,028)
Operating income:2,4283,0662,1251,05316,79816,8063,774
Nonoperating expense
(Investment Income, Nonoperating)
      (106)
Interest and debt expense(236)(349)(304)(316)(339)(21)(376)
Other undisclosed loss from continuing operations before equity method investments, income taxes(72)(157)(68)(14)(15,655)(14,807)(1,593)
Income from continuing operations before income taxes:2,1202,5601,7537238041,9781,699
Income tax expense (benefit)(383)(475)(268)(985)92(305)(350)
Income (loss) from continuing operations:1,7372,0851,485(262)8961,6731,349
Income (loss) from discontinued operations   (2,869) 9(551)
Net income (loss):1,7372,0851,485(3,131)8961,682798
Other undisclosed net income attributable to parent  322    
Net income (loss) attributable to parent:1,7372,0851,807(3,131)8961,682798
Preferred stock dividends and other adjustments(21)(21)(6)    
Net income (loss) available to common stockholders, diluted:1,7162,0641,801(3,131)8961,682798

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,7372,0851,485(3,131)8961,682798
Other comprehensive income (loss)  67(8)(1,257)1,007
Comprehensive income (loss):1,7372,0851,491(3,124)8884251,805
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,1181,631(1,921)993   
Comprehensive income (loss), net of tax, attributable to parent:2,8553,716(430)(2,131)8884251,805

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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