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The Hartford Insurance Group (HIG) Q1 2025 Earnings Call April 25, 2025 03:58 PM ET Company Participants Kate Jorens - SVP, Treasurer and Head of IRChristopher Swift - Chairman & CEOBeth Costello - CFOC. Gregory Peters - Managing Director - InsuranceA. Morris Tooker - PresidentBrian Meredith - Managing DirectorAndrew Kligerman - Managing DirectorMike Fish - Head of Group BenefitsElyse Greenspan - Managing DirectorMelinda Thompson - Head of Personal LinesRobert Cox - Vice President - Equity Research Conferen ...

The Hartford Insurance Group, Inc. (HIG) reported first-quarter 2025 adjusted operating earnings of $2.20 per share, which beat the Zacks Consensus Estimate of $2.13. However, the bottom line decreased 6% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)HIG's total revenues amounted to $6.8 billion, which improved from $6.4 billion in the prior year due to higher earned premiums and investment income.Better-than-expected quarterly earnings benefited from improved Employe ...

The Hartford Insurance Group, Inc. (NYSE:HIG) Q1 2025 Results Conference Call April 25, 2025 9:00 AM ET Company Participants Susan Spivak - Senior Vice President of Investor Relations Chris Swift - Chairman and Chief Executive Officer Beth Costello - Chief Financial Officer Morris Tooker - President Mike Fish - Head of Group Benefits Melinda Thompson - Head of Personal Lines Conference Call Participants Gregory Peters - Raymond James Brian Meredith - UBS Andrew Kligerman - TD Securities Elyse Greenspan - We ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ______________ Commission file number 001-13958 ____________________ ...

The Hartford Insurance Group, Inc. As of April 23, 2025 Address: One Hartford Plaza A.M. Best Standard & Poor's Moody's Hartford, CT 06155 Insurance Financial Strength Ratings: Hartford Fire Insurance Company A+ A+ A1 Hartford Life and Accident Insurance Company A+ A+ A1 Navigators Insurance Company A+ A+ NR - Hartford Fire Insurance Company ratings are on positive outlook at Standard and Poor's and Moody's and on stable outlook at A.M. Best - Hartford Life and Accident Insurance Company ratings are on posi ...

The Hartford Insurance Group, Inc. (HIG) is scheduled to release first-quarter 2025 results on April 24, after market close. The Zacks Consensus Estimate for earnings is pegged at $2.13 per share, which indicates a decline of 9% from the prior-year quarter’s number.  (See the Zacks Earnings Calendar to stay ahead of market-making news.)The first-quarter earnings estimate has witnessed no upward estimate revisions against six downward movements over the past 30 days. Meanwhile, the Zacks Consensus Estimate f ...

Analysts on Wall Street project that The Hartford Insurance Group (HIG) will announce quarterly earnings of $2.13 per share in its forthcoming report, representing a decline of 9% year over year. Revenues are projected to reach $4.84 billion, increasing 11.6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates ...

Core Viewpoint - Hartford Insurance Group, Inc. (HIG) is experiencing growth driven by premium increases, strong performance in Business Insurance and Employee Benefits, new product launches, and a solid financial position [1]. Financial Performance - HIG's stock has appreciated by 17.4% over the past year [3]. - The Zacks Consensus Estimate for 2025 earnings is $10.98 per share, reflecting a 6.6% increase from 2024, with revenue expectations of $20.1 billion, indicating a 10% rise [3]. - For 2026, earnings are estimated at $12.65 per share, a 15.2% growth from 2025, with revenues projected at $21.9 billion, an 8.9% increase [4]. - HIG has a history of earnings surprises, exceeding estimates in three of the last four quarters with an average surprise of 4.66% [5]. Operational Strengths - The return on equity for HIG stands at 19.6%, significantly higher than the industry average of 8.3%, indicating effective use of shareholder funds [7]. - The Business Insurance segment, which contributed approximately 54% of consolidated revenues in 2024, benefits from rate hikes, new business generation, and high customer retention [8]. - The Employee Benefits division is thriving, with core earnings improving by 2% year-over-year in 2024, supported by rising premiums and strong sales [9]. - Premium growth in these segments is crucial for HIG's revenue, with catastrophe-related losses leading to higher policy renewal rates [10]. Strategic Initiatives - HIG is enhancing market capabilities through new product launches and targeted acquisitions, while divesting non-core operations to focus on domestic growth [11]. - The company generated $5.9 billion in net cash from operations in 2024, a 40% increase from 2023, and announced an 11% dividend hike in October 2024, emphasizing its commitment to shareholder value [12].

Financial Performance - Total assets of The Hartford as of December 31, 2024, were $80.9 billion, with total stockholders' equity at $16.4 billion[23]. - 2024 revenues reached $26,535 million, with Business Insurance contributing $12,721 million in earned premiums[30][32]. - In 2024, the Company reported premiums and other considerations of $6,615 million in the Employee Benefits segment[66]. - The Hartford Funds segment had Assets Under Management (AUM) of $139,598 million as of December 31, 2024[74]. - Mutual Fund AUM was $123,571 million as of December 31, 2024[77]. - The Hartford's investment portfolio was valued at $59.2 billion as of December 31, 2024[105]. Strategic Initiatives - The Hartford aims to enhance its market leadership by leveraging underwriting excellence, risk management, and product development[26]. - The company is investing in data, analytics, and artificial intelligence to improve decision-making and customer experiences[27]. - The Hartford's strategic priorities include maximizing distribution channels and optimizing organizational efficiency for continuous improvement[27]. - The company plans to balance excess capital use between growth initiatives, business investments, and stockholder returns through dividends and share repurchases[27]. - The Hartford differentiates itself in the investment management industry through global sub-advisors and competitive fees[82]. Market Position and Competition - The Hartford operates in five reportable segments: Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits, and Hartford Funds[28]. - The small business market remains highly competitive, with carriers seeking differentiation through product expansion and technology[41]. - The competitive landscape for Employee Benefits is intensifying, with a focus on mental health and wellness benefits[71]. - Competitive pressures from larger insurers and insurtech firms may lead to increased pricing pressures and impact the company's market share[165]. Technology and Innovation - The company has launched a new cloud-based product, Prevail, which includes digital service capabilities and is now available in nearly all states[53]. - The company quotes over 75% of its Spectrum package business and workers' compensation new business policies without human intervention through its ICON quoting tool[42]. - The company continues to invest in underwriting systems and capabilities, enhancing digital experiences and leveraging data analytics for risk selection and pricing decisions[45]. - The Company continues to invest in telematics capabilities, including the TrueLane program, which offers discounts based on driving behavior[61]. Employee Engagement and Culture - The company achieved top quartile employee engagement and performance enablement scores in 2024, as measured by independent third-party surveys[120]. - Over 60% of employees were members of at least one Employee Resource Group (ERG) as of December 31, 2024, promoting diversity and inclusion[121]. - The company offers a comprehensive benefits package that supports employees' physical, emotional, social, and financial well-being[126]. - The company is committed to attracting and retaining talent to enhance leadership capabilities and foster a strong organizational culture[27]. Risks and Challenges - The company is facing inflationary pressures, with increased costs for automobile repairs due to supply chain issues and advanced vehicle technology[63]. - The company is sensitive to unfavorable economic, political, and global market conditions, which may adversely impact demand for insurance and financial products[132]. - A decline in equity markets may result in net realized losses on equity securities and lower earnings from Hartford Funds, where fee income is based on the fair value of assets under management[137]. - Climate change may increase the frequency and intensity of natural catastrophes, leading to higher claims in property, automobile, and workers' compensation businesses[144]. - The company faces regulatory constraints that may limit its ability to charge adequate pricing for catastrophe exposures, affecting profitability[163]. Compliance and Regulatory Environment - Compliance with increasingly onerous state, federal, and international regulations regarding data privacy is essential, as misuse of confidential information could result in legal liability and reputational harm[197]. - U.S. insurance subsidiaries are subject to extensive state regulations that prioritize policyholder interests, which may constrain the company's operational flexibility and strategic transactions[210]. Investment and Capital Management - The company must hold capital based on risk-based capital (RBC) formulas, which are sensitive to external factors and regulatory changes[176]. - Dividend payments are subject to Board discretion and regulatory limitations, impacting cash flow from insurance subsidiaries[184]. - The availability and cost of reinsurance are critical, with potential changes leading to higher costs or reduced business volume[183].