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Complete financial analysis of The Hartford Financial Services Group, Inc. (HIG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Hartford Financial Services Group, Inc., a leading company in the Insurance – Diversified industry within the Financial Services sector.
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The Hartford Financial Services Group, Inc. (HIG)
About The Hartford Financial Services Group, Inc.
The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24.53B | 22.36B | 22.39B | 20.52B | 20.74B | 18.96B | 16.97B | 18.30B | 18.38B | 18.61B | 26.24B | 26.41B | 21.86B | 22.38B | 24.70B | 9.22B | 25.92B | 26.50B | 27.08B | 22.69B | 18.73B | 15.91B | 15.15B | 14.70B | 13.53B | 15.02B | 13.31B | 12.47B | 12.15B |
| Cost of Revenue | 0.00 | 4.83B | 4.78B | 4.48B | 4.58B | 4.28B | 4.38B | 3.63B | 3.77B | 4.03B | 4.28B | 5.24B | 4.40B | 4.66B | 3.75B | 3.99B | 3.89B | 3.25B | 3.23B | 2.78B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 24.53B | 17.53B | 17.61B | 16.04B | 16.16B | 14.67B | 12.60B | 14.67B | 14.61B | 14.59B | 21.96B | 21.18B | 17.46B | 17.72B | 20.95B | 5.23B | 22.02B | 23.25B | 23.86B | 19.92B | 18.73B | 15.91B | 15.15B | 14.70B | 13.53B | 15.02B | 13.31B | 12.47B | 12.15B |
| Gross Profit Ratio | 100.00% | 78.40% | 78.66% | 78.17% | 77.92% | 77.41% | 74.23% | 80.15% | 79.47% | 78.36% | 83.69% | 80.17% | 79.88% | 79.17% | 84.82% | 56.69% | 84.97% | 87.73% | 88.08% | 87.77% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.40B | 4.66B | 3.75B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | -3.09B | 4.83B | 4.78B | 4.48B | 4.47B | 4.23B | 4.55B | 3.52B | 3.44B | 3.96B | 4.11B | 4.89B | 4.40B | 4.66B | 3.75B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 24.33B | -14.51B | -19.58B | -18.53B | -18.35B | 16.90B | 16.12B | 14.87B | 14.15B | 16.56B | 17.02B | 20.28B | 16.63B | 14.61B | 21.93B | 13.47B | 21.65B | 22.62B | 23.85B | -17.17B | -19.28B | -14.84B | -14.84B | -13.34B | -12.38B | -13.62B | -11.64B | -12.79B | -11.41B |
| Operating Expenses | 21.24B | -14.51B | -19.58B | -18.53B | -18.35B | 16.90B | 16.12B | 14.87B | 14.15B | 16.56B | 17.02B | 20.28B | 21.03B | 19.27B | 25.68B | 13.47B | 21.65B | 22.62B | 23.85B | -17.17B | -19.28B | -14.84B | -14.84B | -13.34B | -12.38B | -13.62B | -11.64B | -12.79B | -11.41B |
| Cost & Expenses | 21.24B | 20.10B | 19.49B | 18.40B | 18.18B | 17.20B | 16.25B | 17.50B | 16.40B | 16.92B | 24.60B | 26.94B | 21.63B | 20.12B | 26.43B | 13.81B | 21.91B | 22.90B | 24.10B | 20.17B | 19.28B | 14.84B | 14.79B | 13.29B | 12.29B | 13.55B | 11.60B | 12.79B | -11.41B |
| Interest Income | 0.00 | 207.00M | 193.00M | 207.00M | 255.00M | 0.00 | 0.00 | 0.00 | 11.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 199.00M | 213.00M | 234.00M | 236.00M | 259.00M | 298.00M | 316.00M | 339.00M | 357.00M | 376.00M | 397.00M | 457.00M | 508.00M | 508.00M | 476.00M | 343.00M | 263.00M | 277.00M | 252.00M | 251.00M | 271.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 510.00M | 625.00M | 680.00M | 562.00M | 451.00M | 300.00M | 211.00M | 406.00M | 373.00M | 276.00M | 189.00M | 467.00M | 668.00M | 596.00M | 470.00M | 361.00M | 794.00M | 606.00M | 561.00M | 274.00M | 219.00M | 104.00M | 72.00M | 63.00M | 58.00M | 103.00M | 85.00M | 81.00M | 85.00M |
| EBITDA | 3.80B | 3.10B | 3.81B | 2.92B | 3.27B | 2.35B | 1.25B | 1.18B | 2.50B | 2.27B | 2.04B | 0.00 | 1.03B | 3.46B | -782.00M | -3.89B | 5.06B | 4.49B | 3.80B | 3.03B | -60.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 15.48% | 13.84% | 12.89% | 10.07% | 11.84% | 14.98% | -8.43% | 8.42% | 14.78% | 9.67% | 1.96% | 1.48% | 6.83% | 15.05% | -3.17% | -42.16% | 19.53% | 16.92% | 14.02% | 13.33% | -1.77% | 7.37% | 2.54% | 9.71% | 8.92% | 10.03% | 13.16% | -1.90% | 6.81% |
| Operating Income | 3.31B | 3.03B | 2.82B | 1.99B | 2.39B | 2.37B | -262.00M | 1.14B | 9.00M | -551.00M | 310.00M | -33.00M | 576.00M | 2.77B | -1.25B | -4.25B | 4.27B | 3.88B | 3.24B | 2.75B | -550.00M | 1.07B | 312.00M | 1.36B | 1.15B | 1.40B | 1.67B | -318.00M | 742.00M |
| Operating Income Ratio | 13.48% | 13.53% | 12.57% | 9.72% | 11.52% | 12.52% | -1.54% | 6.25% | 0.05% | -2.96% | 1.18% | -0.12% | 2.64% | 12.38% | -5.07% | -46.08% | 16.47% | 14.64% | 11.95% | 12.12% | -2.94% | 6.71% | 2.06% | 9.28% | 8.49% | 9.34% | 12.52% | -2.55% | 6.11% |
| Total Other Income/Expenses | -219.00M | -204.00M | -202.00M | -280.00M | -453.00M | -321.00M | 723.00M | -292.00M | 1.97B | -355.00M | 1.16B | 403.00M | -346.00M | -534.00M | -1.73B | -4.59B | -746.00M | -398.00M | -299.00M | -228.00M | -550.00M | 1.07B | 42.00M | 1.42B | 86.00M | 72.00M | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 3.09B | 2.26B | 2.90B | 2.12B | 2.56B | 1.75B | 723.00M | 804.00M | 1.98B | 1.70B | 63.00M | -527.00M | 230.00M | 2.26B | -1.73B | -4.59B | 4.01B | 3.60B | 2.99B | 2.52B | -550.00M | 1.07B | 354.00M | 1.42B | 1.24B | 1.48B | 1.70B | -318.00M | 3.26B |
| Income Before Tax Ratio | 12.59% | 10.10% | 12.93% | 10.33% | 12.34% | 9.25% | 4.26% | 4.39% | 10.76% | 9.13% | 0.24% | -2.00% | 1.05% | 10.11% | -7.00% | -49.80% | 15.45% | 13.59% | 11.02% | 11.12% | -2.94% | 6.71% | 2.34% | 9.64% | 9.13% | 9.82% | 12.80% | -2.55% | 26.86% |
| Income Tax Expense | 584.00M | 443.00M | 531.00M | 383.00M | 475.00M | 268.00M | 985.00M | -92.00M | 305.00M | 350.00M | -247.00M | -494.00M | -346.00M | 584.00M | -841.00M | -1.84B | 1.06B | 857.00M | 711.00M | 385.00M | -459.00M | 68.00M | -195.00M | 390.00M | 287.00M | 388.00M | 334.00M | -219.00M | 180.00M |
| Net Income | 2.50B | 1.82B | 2.37B | 1.74B | 2.09B | 1.81B | -3.13B | 896.00M | 1.68B | 798.00M | 176.00M | -38.00M | 712.00M | 1.68B | -887.00M | -2.75B | 2.95B | 2.75B | 2.27B | 2.12B | -91.00M | 1.00B | 507.00M | 974.00M | 862.00M | 1.02B | 1.33B | -99.00M | 562.00M |
| Net Income Ratio | 10.21% | 8.13% | 10.59% | 8.46% | 10.05% | 9.53% | -18.45% | 4.90% | 9.15% | 4.29% | 0.67% | -0.14% | 3.26% | 7.51% | -3.59% | -29.82% | 11.38% | 10.36% | 8.40% | 9.32% | -0.49% | 6.29% | 3.35% | 6.62% | 6.37% | 6.76% | 10.01% | -0.79% | 4.63% |
| EPS | 8.09 | 5.52 | 6.71 | 4.79 | 5.78 | 5.04 | -8.61 | 2.31 | 4.05 | 1.81 | 0.37 | -0.09 | 1.53 | 2.70 | -2.56 | -8.90 | 9.32 | 8.89 | 7.63 | 7.24 | -0.33 | 4.01 | 2.13 | 4.42 | 3.83 | 4.36 | 5.65 | -0.42 | 2.39 |
| EPS Diluted | 7.97 | 5.44 | 6.62 | 4.76 | 5.71 | 4.96 | -8.45 | 2.27 | 3.96 | 1.73 | 0.34 | -0.08 | 1.38 | 2.49 | -2.45 | -8.90 | 9.24 | 8.69 | 7.44 | 7.12 | -0.33 | 3.97 | 2.10 | 4.34 | 3.79 | 4.30 | 5.58 | -0.42 | 2.38 |
| Weighted Avg Shares Out | 307.10M | 324.80M | 349.10M | 358.30M | 360.90M | 358.40M | 363.70M | 387.70M | 415.50M | 441.80M | 447.70M | 437.70M | 431.50M | 431.50M | 346.30M | 308.80M | 316.30M | 308.80M | 298.00M | 292.30M | 272.40M | 249.40M | 237.70M | 220.60M | 224.90M | 232.80M | 236.00M | 234.60M | 233.89M |
| Weighted Avg Shares Out (Dil) | 311.50M | 329.50M | 354.10M | 360.60M | 364.90M | 364.10M | 370.50M | 394.80M | 425.20M | 460.20M | 490.60M | 486.80M | 478.00M | 481.50M | 361.80M | 308.80M | 319.10M | 315.90M | 305.60M | 297.00M | 272.40M | 251.80M | 241.40M | 224.40M | 227.50M | 236.20M | 238.80M | 234.60M | 234.87M |
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