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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7635,6182,4504,1262,2915,2825,436
Cash and cash equivalents1851211808824483991,428
Short-term investments4,5785,4972,2703,2441,8434,8834,008
Disposal group, including discontinued operation   870   
Income taxes receivable72
Total current assets:4,7635,6182,4504,9962,2915,2825,508
Noncurrent Assets
Operating lease, right-of-use asset191
Property, plant and equipment1,1811,0061,034991974831877
Long-term investments and receivables1,6001,5001,2002,1002,9002,900521
Long-term investments1,6001,5001,2002,1002,9002,900521
Intangible assets, net (including goodwill)2,9831,9471,949567498498498
Goodwill1,9131,2901,290567498498498
Intangible assets, net (excluding goodwill)1,070657659    
Deferred costs 10     
Deferred income tax assets299
Total noncurrent assets:6,2544,4634,1833,6584,3724,2291,896
Other undisclosed assets59,80052,226218,627214,778221,685235,502270,480
TOTAL ASSETS:70,81762,307225,260223,432228,348245,013277,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5004133204162754566,544
Securities loaned   48867  
Disposal group, including discontinued operation   611   
Business combination, contingent consideration, liability 10    
Total current liabilities:5004233201,5153424566,544
Noncurrent Liabilities
Long-term debt and lease obligation4,3484,2654,6784,6365,0845,6536,106
Long-term debt, excluding current maturities4,3484,2654,6784,6365,0845,6536,106
Total noncurrent liabilities:4,3484,2654,6784,6365,0845,6536,106
Other undisclosed liabilities49,69944,518206,768200,378205,280220,184246,329
Total liabilities:54,54749,206211,766206,529210,706226,293258,979
Stockholders' equity
Stockholders' equity attributable to parent, including:16,27013,10113,49416,90317,64218,72018,905
Common stock4444555
Treasury stock, value(1,117)(1,091)(1,194)(1,125)(3,557)(2,527)(1,598)
Additional paid in capital4,3124,3784,3795,2478,9739,1239,894
Accumulated other comprehensive income (loss)52(1,579)663(337)(329)928(79)
Retained earnings12,68511,0559,64213,11412,55011,19110,683
Other undisclosed stockholders' equity attributable to parent334334     
Other undisclosed stockholders' equity   (17,240)(17,971)  
Total stockholders' equity:16,27013,10113,494(337)(329)18,72018,905
Other undisclosed liabilities and equity   17,24017,971  
TOTAL LIABILITIES AND EQUITY:70,81762,307225,260223,432228,348245,013277,884

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues20,74018,95516,97418,30018,37718,61426,236
Premiums earned, net16,92315,869
Net investment income1,9511,7801,6032,9613,0303,1549,423
Financial services revenue15,12115,52115,41615,33213,226
Cost of revenue(13,094)(12,549)(11,546)(1,502)(1,571)(10,812)2,752
Policyholder benefits and claims incurred, net(11,472)(11,165)
Deferred policy acquisition costs, amortization expense(1,622)(1,384)(1,372)(1,502)(1,571) 2,701
Financial services costs(10,174)  (10,805) 
Gross profit:7,6466,4065,42816,79816,8067,80228,988
Operating expenses(4,580)(4,281)(4,375)  (4,028)(4,280)
Operating income:3,0662,1251,05316,79816,8063,77424,708
Nonoperating income (expense)
(Investment Income, Nonoperating)
     (106)505
Interest and debt expense(349)(304)(316)(339)(21)(376)(610)
Other undisclosed loss from continuing operations before equity method investments, income taxes(157)(68)(14)(15,655)(14,807)(1,593)(24,540)
Income from continuing operations before income taxes:2,5601,7537238041,9781,69963
Income tax expense (benefit)(475)(268)(985)92(305)(350)247
Income (loss) from continuing operations:2,0851,485(262)8961,6731,349310
Income (loss) from discontinued operations  (2,869) 9(551)(134)
Net income (loss):2,0851,485(3,131)8961,682798176
Other undisclosed net income attributable to parent 322     
Net income (loss) attributable to parent:2,0851,807(3,131)8961,682798176
Preferred stock dividends and other adjustments(21)(6)    (10)
Net income (loss) available to common stockholders, diluted:2,0641,801(3,131)8961,682798166

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2,0851,485(3,131)8961,682798176
Other comprehensive income (loss) 67(8)(1,257)1,007 
Comprehensive income (loss):2,0851,491(3,124)8884251,805176
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,631(1,921)993   (2,922)
Comprehensive income (loss), net of tax, attributable to parent:3,716(430)(2,131)8884251,805(2,746)

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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