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 investments | 5,996 | 4,872 | 4,763 | 5,618 | 2,450 | 4,126 | 2,291 | ||
| Cash and cash equivalents | 205 | 151 | 185 | 121 | 180 | 882 | 448 | ||
| Short-term investments | 5,791 | 4,721 | 4,578 | 5,497 | 2,270 | 3,244 | 1,843 | ||
| Disposal group, including discontinued operation | 870 | ||||||||
| Total current assets: | 5,996 | 4,872 | 4,763 | 5,618 | 2,450 | 4,996 | 2,291 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 191 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 1,027 | 1,122 | 1,181 | 1,006 | 1,034 | 991 | 974 | ||
| Long-term investments and receivables | 2,900 | 2,000 | 1,600 | 1,500 | 1,200 | 2,100 | 2,900 | ||
| Long-term investments | 2,900 | 2,000 | 1,600 | 1,500 | 1,200 | 2,100 | 2,900 | ||
| Intangible assets, net (including goodwill) | 2,769 | 2,861 | 2,983 | 1,947 | 1,949 | 567 | 498 | ||
| Goodwill | 1,911 | 1,911 | 1,913 | 1,290 | 1,290 | 567 | 498 | ||
| Intangible assets, net (excluding goodwill) | 858 | 950 | 1,070 | 657 | 659 | ||||
| Deferred costs | 10 | ||||||||
| Deferred income tax assets | 270 | 46 | 299 | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent assets: | 6,966 | 6,029 | 6,254 | 4,463 | 4,183 | 3,658 | 4,372 | ||
| Other undisclosed assets | 63,616 | 63,210 | 59,800 | 52,226 | 218,627 | 214,778 | 221,685 | ||
| TOTAL ASSETS: | 76,578 | 74,111 | 70,817 | 62,307 | 225,260 | 223,432 | 228,348 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 500 | 413 | 320 | 416 | 275 | ||||
| Securities loaned | 488 | 67 | |||||||
| Disposal group, including discontinued operation | 611 | ||||||||
| Business combination, contingent consideration, liability | 10 | ||||||||
| Total current liabilities: | 500 | 423 | 320 | 1,515 | 342 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,944 | 4,352 | 4,348 | 4,265 | 4,678 | 4,636 | 5,084 | ||
| Long-term debt, excluding current maturities | 4,944 | 4,352 | 4,348 | 4,265 | 4,678 | 4,636 | 5,084 | ||
| Total noncurrent liabilities: | 4,944 | 4,352 | 4,348 | 4,265 | 4,678 | 4,636 | 5,084 | ||
| Other undisclosed liabilities | 53,791 | 51,203 | 49,699 | 44,518 | 206,768 | 200,378 | 205,280 | ||
| Total liabilities: | 58,735 | 55,555 | 54,547 | 49,206 | 211,766 | 206,529 | 210,706 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 17,843 | 18,556 | 16,270 | 13,101 | 13,494 | 16,903 | 17,642 | ||
| Common stock | 4 | 4 | 4 | 4 | 4 | 4 | 5 | ||
| Treasury stock, value | (1,740) | (1,192) | (1,117) | (1,091) | (1,194) | (1,125) | (3,557) | ||
| Additional paid in capital | 3,309 | 4,322 | 4,312 | 4,378 | 4,379 | 5,247 | 8,973 | ||
| Accumulated other comprehensive income (loss) | 172 | 1,170 | 52 | (1,579) | 663 | (337) | (329) | ||
| Retained earnings | 15,764 | 13,918 | 12,685 | 11,055 | 9,642 | 13,114 | 12,550 | ||
| Other undisclosed stockholders' equity attributable to parent | 334 | 334 | 334 | 334 | |||||
| Other undisclosed stockholders' equity | (17,240) | (17,971) | |||||||
| Total stockholders' equity: | 17,843 | 18,556 | 16,270 | 13,101 | 13,494 | (337) | (329) | ||
| Other undisclosed liabilities and equity | 17,240 | 17,971 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 76,578 | 74,111 | 70,817 | 62,307 | 225,260 | 223,432 | 228,348 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 22,390 | 20,523 | 20,740 | 18,955 | 16,974 | 18,300 | 18,377 | |
| Premiums earned, net | 17,999 | 17,288 | 16,923 | 15,869 | ✕ | ✕ | ✕ | |
| Net investment income | 2,313 | 1,846 | 1,951 | 1,780 | 1,603 | 2,961 | 3,030 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 15,121 | 15,521 | 15,416 | |
| 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: | 7,981 | 7,012 | 7,646 | 6,406 | 5,428 | 16,798 | 16,806 | |
| Operating expenses | (5,122) | (4,584) | (4,580) | (4,281) | (4,375) | |||
| Operating income: | 2,859 | 2,428 | 3,066 | 2,125 | 1,053 | 16,798 | 16,806 | |
| 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: | 3,054 | 2,120 | 2,560 | 1,753 | 723 | 804 | 1,978 | |
| Income from equity method investments | 630 | |||||||
| Other undisclosed loss from continuing operations before income taxes | (788) | |||||||
| Income from continuing operations before income taxes: | 2,896 | 2,120 | 2,560 | 1,753 | 723 | 804 | 1,978 | |
| Income tax expense (benefit) | (531) | (383) | (475) | (268) | (985) | 92 | (305) | |
| Income (loss) from continuing operations: | 2,365 | 1,737 | 2,085 | 1,485 | (262) | 896 | 1,673 | |
| Income (loss) from discontinued operations | (2,869) | 9 | ||||||
| Net income (loss): | 2,365 | 1,737 | 2,085 | 1,485 | (3,131) | 896 | 1,682 | |
| Other undisclosed net income attributable to parent | 322 | |||||||
| Net income (loss) attributable to parent: | 2,365 | 1,737 | 2,085 | 1,807 | (3,131) | 896 | 1,682 | |
| Preferred stock dividends and other adjustments | (21) | (21) | (21) | (6) | ||||
| Net income (loss) available to common stockholders, diluted: | 2,344 | 1,716 | 2,064 | 1,801 | (3,131) | 896 | 1,682 | |
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): | 2,365 | 1,737 | 2,085 | 1,485 | (3,131) | 896 | 1,682 | |
| Other comprehensive income (loss) | 6 | 7 | (8) | (1,257) | ||||
| Comprehensive income (loss): | 2,365 | 1,737 | 2,085 | 1,491 | (3,124) | 888 | 425 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (998) | 1,118 | 1,631 | (1,921) | 993 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,367 | 2,855 | 3,716 | (430) | (2,131) | 888 | 425 | |
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.