Analysts on Wall Street project that The Hartford (HIG) will announce quarterly earnings of $2.49 per share in its forthcoming report, representing an increase of 8.7% year over year. Revenues are projected to reach $4.62 billion, increasing 9.7% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimate ...

DenisTangneyJr/E+ via Getty Images Insurance equities have been one of the leading areas of the US stock market so far this year. The iShares US Insurance ETF (IAK) is higher by 27% even after a modest pullback to begin September, outpacing the S&P 500 by more than 12 percentage points. More broadly, Financials stocks, as measured by the SPDR Financials Select Sector ETF (XLF) have been a second-half winner as the growth trade has taken a backseat to value. Digging into the insurance slice of Financials, I ...

Core Viewpoint - Hartford Financial Services Group, Inc. (NYSE:HIG) maintains a Buy investment rating, with potential for improved return on equity (ROE) driven by growth in the higher-ROE Property & Casualty (P&C) segment and a new buyback program enhancing shareholder yield to approximately 6.4% [1][4][7] ROE Improvement Potential - Hartford Financial's ROE has shown a steady increase, rising from 12.7% in FY 2021 to 15.8% in FY 2023, with a quarterly ROE of 17.4% in Q2 2024, reflecting a year-over-year increase of +3.8 percentage points [2][3] - The company derives 68% of its revenue from the P&C segment, which has a Q2 2024 ROE of 18.9%, significantly higher than the Group Benefits segment's 16.4% [2][3] - Hartford Financial is expanding its underwriting capabilities within the P&C segment, indicating a strategic focus on increasing revenue from this higher ROE area [2][3] Shareholder Yield Enhancement - A new $3.3 billion share repurchase program has been authorized, effective from August 1, 2024, through the end of 2026, which is larger than the previous buyback program [5] - The potential buyback yield for the next twelve months is estimated at 4.8%, with a dividend yield of 1.6%, leading to a combined forward shareholder yield of 6.4% [5][4] Valuation and Market Position - The target price-to-book (P/B) ratio for Hartford Financial is projected at 3.0 times, based on an 18% ROE assumption, which suggests a potential capital appreciation upside of around +36% from the current trading level of 2.2 times trailing P/B [3][7] - The consensus estimates for FY 2024 and FY 2025 ROE are 18.1% and 18.2%, respectively, supporting the assumption of continued ROE improvement [3]

Core Insights - The article discusses the financial performance of various insurance companies, highlighting earnings estimates, revenue growth, and operational metrics for the second quarter of 2024. Company Performance - PLMR's second-quarter 2024 earnings estimate is $1.11 per share, reflecting a 29.1% increase from the previous year [2] - Prudential Financial's earnings have beaten estimates once in the last four quarters, with an average surprise of 0.23% [3] - The Hartford Financial Services Group reported adjusted operating earnings of $2.50 per share, exceeding estimates by 10.6% and showing a 33% year-over-year increase [9] - Hartford's earned premiums rose 6.9% year over year to $5.6 billion, although it missed the consensus estimate by 0.9% [11] - Total benefits, losses, and expenses for Hartford increased 3.7% year over year to $5.6 billion [12] - The underlying combined ratio for Hartford's Commercial Lines improved by 90 basis points to 87.4% [13] - Group Benefits' loss ratio improved by 320 basis points to 68.9% due to lower claim severity [16] - Hartford exited the second quarter with cash of $154 million, up from $126 million at the end of 2023 [19] - Total stockholders' equity for Hartford improved from $15.3 billion to $15.7 billion [20] - Core earnings' return on equity for Hartford improved by 380 basis points to 17.4% [21] Revenue and Investment Metrics - Hartford's operating revenues amounted to $4.46 billion, a 9.4% year-over-year increase, but missed the consensus mark [24] - Pre-tax net investment income for Hartford grew 11.5% year over year to $602 million, although it missed the consensus estimate [25] - The Property and Casualty segment's revenues rose 8.5% year over year to $3.5 billion, missing estimates by 3.1% [27] - The segment's core earnings climbed 11.8% year over year to $551 million [27] - Total assets for Hartford increased to $79 billion from $76.8 billion at the end of 2023 [31] Shareholder Returns - Hartford returned $490 million to shareholders through share buybacks and dividends, with a remaining buyback capacity of $648 million as of June 30, 2024 [33]

Core Insights - The Hartford reported $4.46 billion in revenue for Q2 2024, a year-over-year increase of 9.4%, with an EPS of $2.50 compared to $1.88 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate by 0.65%, while the EPS exceeded the consensus estimate by 10.62% [1] Financial Performance Metrics - Commercial line loss and loss adjustment expense ratio was 58.4%, better than the average estimate of 60.3% [3] - Commercial line expense ratio matched the average estimate at 31.1% [3] - The underlying combined ratio for commercial lines was 87.4%, compared to the average estimate of 88.7% [3] - The combined ratio for commercial lines was 89.8%, better than the average estimate of 91.6% [3] - Net investment income for Property and Casualty was $471 million, slightly below the estimated $476.21 million, but showed a year-over-year increase of 13.5% [3] - Earned premiums for commercial lines were $3.12 billion, below the average estimate of $3.17 billion, reflecting an 8.1% year-over-year increase [3] - Earned premiums for personal lines were $849 million, exceeding the average estimate of $836.37 million, with an 11.7% year-over-year increase [3] - Net investment income for group benefits was $112 million, below the average estimate of $121.24 million, showing a year-over-year decrease of 0.9% [3] - Fee income for personal lines was $8 million, slightly above the average estimate of $7.92 million, representing a 14.3% year-over-year increase [3] - Fee income for commercial lines was $11 million, exceeding the average estimate of $10.50 million, with a 10% year-over-year increase [3] - Earned premiums for group benefits were $1.61 billion, below the average estimate of $1.63 billion, reflecting a 2.2% year-over-year increase [3] - Total earned premiums for Property & Casualty were $3.97 billion, below the average estimate of $4.01 billion, with an 8.9% year-over-year increase [3] Stock Performance - The Hartford's shares returned -0.3% over the past month, matching the Zacks S&P 500 composite's -0.3% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware 13-3317783 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One Hartford Plaza, Hartford, Connecticut 06155 (Address of principal executive offices) (Zip Code) (860) 547-5000 (Registrant's telephone number, including area code) 1 Non-accelerated filer ☐Smaller reporting company ☐ Emerging growth company ☐ ...

THE HARTFORD FINANCIAL SERVICES GROUP, INC. Common stock and preferred stock of The Hartford Financial Services Group, Inc. are traded on the New York Stock Exchange under the symbols "HIG" and "HIG PR G", respectively. This report is for information purposes only. It should be read in conjunction with documents filed by The Hartford Financial Services Group, Inc. with the U.S. Securities and Exchange Commission, including, without limitation, the most recent Annual Report on Form 10-K and Quarterly Reports ...

BRAZIL - 2023/09/03: In this photo illustration, the Hartford Financial Services logo is displayed ... [+] on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Hartford Financial's stock (NYSE: HIG) has gained approximately 26% YTD as compared to the 11% rise in the S&P500 index over the same period. In sharp contrast, Hartford Financial's peer Travelers (NYSE: TRV) stock was up only 10% YTD. Overall, at the current ...

The Hartford Financial Services Group, Inc. (HIG) recently joined forces with the digital behavioral health services provider, Marvin Behavioral Health, in a bid to offer specialized mental health resources to HIG's life and disability insurance clients in the healthcare sector. Notably, the aforementioned clients who choose to utilize Marvin's services may be eligible for a direct discount on the service offerings. Marvin provides an extensive suite of mental healthcare services for healthcare workers, and ...

The Hartford Financial Services Group, Inc. (HIG) reported first-quarter 2024 adjusted operating earnings of $2.34 per share, which lagged the Zacks Consensus Estimate by 3.7%. However, the bottom line climbed 39.3% year over year.Operating revenues of HIG amounted to $4.3 billion, which improved 10.8% year over year in the quarter under review. However, the top line missed the consensus mark of $4.4 billion.Weaker-than-expected earnings were caused by elevated loss trends in homeowners and auto coupled wit ...