Financial Data and Key Metrics Changes - The company reported core earnings of $708 million, or $2.29 per diluted share, with a core earnings return on equity (ROE) of 13.8% [137][133] - The underlying combined ratio for Commercial Lines improved to 87.8, reflecting strong performance [137][133] - Net investment income for the quarter was $597 million, benefiting from higher interest rates, with a total annualized portfolio yield of 4.1% before tax [17][133] Business Line Data and Key Metrics Changes - Commercial Lines experienced an 8% growth in top-line revenue, with written premiums exceeding $1 billion in Middle & Large Commercial, and an exceptional underlying combined ratio of 88.1 [15][133] - Group Benefits saw premium growth of 8% and a quarterly earnings margin of 9.8%, with core earnings reaching a record $170 million [6][133] - Small Commercial written premiums were $1.2 billion, with a 16% growth in new business and an underlying combined ratio below 90 for the 13th consecutive quarter [140][137] Market Data and Key Metrics Changes - The U.S. economy remains resilient, with robust payroll and strong retail sales supporting the company's business environment [11] - The company noted strong pricing trends across various lines, with Commercial property pricing exceeding 10% and Auto and General Liability nearing that level [5][133] - The company anticipates a 25% increase in commercial property premium for the full year, approaching $2.5 billion [134][133] Company Strategy and Development Direction - The company is focused on disciplined pricing and underwriting, aiming to sustain profitable growth while managing catastrophe exposure [20][134] - The management emphasized the importance of data science capabilities and underwriting tools to enhance margins and competitive positioning [12][134] - The company plans to return Personal Lines to targeted profitability by 2025, with ongoing rate increases expected [30][77] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategies, talent, and technology to continue delivering consistent results [18] - The company is monitoring economic conditions closely, with expectations of continued strong performance in Group Benefits due to low unemployment levels [61][82] - Management acknowledged competitive pressures in the market but remains optimistic about maintaining pricing discipline and growth [110][96] Other Important Information - The company reported total net favorable prior accident year development of $43 million, with reserve reductions in workers' compensation and package businesses [145][133] - The investment portfolio produced strong results, with expectations of a $200 million before-tax increase in investment income excluding limited partnerships [146][133] Q&A Session Summary Question: What are the trends in Commercial Lines premium growth? - Management noted a disciplined approach to pricing and underwriting, which may have led to a slowdown in premium growth in the Middle Market [19][20] Question: How is the company addressing medical cost inflation in workers' compensation? - Management indicated that medical severity is trending lower than expected, with claims management strategies in place to mitigate risks [38][39] Question: What is the outlook for Personal Lines profitability? - Management expects a return to profitability in Personal Lines by 2025, with ongoing rate increases and improved execution [30][77] Question: How does the company view the competitive environment in commercial insurance? - Management believes the competitive environment remains stable, with a focus on maintaining pricing discipline despite rising reinsurance costs [110][95] Question: Can you elaborate on the Group Benefits business and its economic sensitivity? - Management highlighted that the Group Benefits business is sensitive to employment levels, with strong performance linked to low unemployment rates [80][82]

The Hartford Financial Services Group, Inc. | October 26, 2023 The Hartford's Third Quarter 2023 Financial Results Certain statements made in this presentation should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about The Hartford's future results of operations. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should ...

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 September 30, 2023 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 Financial Services Group, Inc. (NYSE:HIG) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET Company Participants Susan Spivak Bernstein – Senior Vice President, Investor Relations Chris Swift – Chairman and Chief Executive Officer Beth Costello – Chief Financial Officer Stephanie Bush – Head-Small Commercial and Personal Lines Mo Tooker – Head-Enterprise Sales & Distribution, Global Specialty, and Middle & Large Commercial Conference Call Participants Alex Scott – Goldman Sachs Mike Zar ...

4Q21 CORE EARNINGS 4Q21 CORE EARNINGS11 OF $697 MILLION, EPS OF $697 MILLION, EPS1,2 1,2 OF $2.02, ROE OF $2.02, ROE1,3 1,3 OF 12.7% OF 12.7% From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and ...

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 June 30, 2023 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 Financial Services Group, Inc. (NYSE:HIG) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Susan Spivak - SVP, IR Chris Swift - Chairman and CEO Beth Costello - CFO Jonathan Bennett - Head of Group Benefits Stephanie Bush - Head of Small Commercial and Personal Lines Mo Tooker - Head of Middle & Large Commercial and Global Specialty Conference Call Participants Brian Meredith - UBS Yaron Kinar - Jefferies Elyse Greenspan - Wells Fargo Alex Scott - Goldman Sachs Da ...

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, 2023 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 ____________________ ...

Financial Performance - As of December 31, 2022, The Hartford's total assets were $73.0 billion and total stockholders' equity was $13.6 billion[20]. - 2022 earned premiums for Commercial Lines reached $10,571 million, contributing to total revenues of $22,362 million[37][40]. - Personal Lines generated earned premiums of $2,949 million, with significant contributions from the AARP Program, which accounted for $2.7 billion in 2022[56][57]. - Group Benefits segment reported premiums and other considerations of $6,057 million in 2022, indicating strong performance in the group insurance market[72]. - The Hartford Funds segment had assets under management (AUM) of $124,107 million as of December 31, 2022, showcasing the company's investment management capabilities[82]. - As of December 31, 2022, the fair value of the Company's total assets under management was approximately $108.9 billion, up from $105.4 billion in 2021[115]. - The Hartford's Investment Portfolio was valued at $52.6 billion as of December 31, 2022[117]. Strategic Initiatives - The company aims to enhance its market leadership by focusing on underwriting excellence, digital capabilities, and optimizing organizational efficiency[24]. - In 2023, The Hartford plans to expand telematics and invest in digital capabilities across its product lines[31]. - The company is pursuing a strategy to balance excess capital for organic growth, business investments, and returns to stockholders through dividends and share repurchases[34]. - The Hartford is addressing higher loss cost trends through pricing and underwriting actions to maintain underwriting discipline[34]. - The company is transforming its underwriting processes to improve customer experience and reduce expenses[34]. - The Hartford is regaining competitive momentum with the rollout of its new automobile and homeowners product, Prevail, which includes digital service capabilities[34]. - The company is leveraging data science and analytics to enhance risk selection and portfolio decisions[34]. - The Hartford's strategic priorities include maximizing distribution channels and product breadth to increase market share[34]. - The company is investing in technology and data analytics, including artificial intelligence, to enhance customer experience and improve risk management[35]. - The company is focusing on expanding its market share in voluntary product offerings, including supplemental health coverage and state-paid family leave[35]. Market Dynamics - The competitive landscape in small commercial remains fragmented, with a focus on product expansion and pricing sophistication to differentiate from competitors[48]. - The company is leveraging investments in underwriting and technology to better match pricing to individual risk in the middle & large commercial sector[52]. - The exclusive licensing agreement with AARP, effective through December 31, 2032, provides a competitive advantage in reaching the over 50 population[62]. - Personal Lines no longer offers lifetime continuation agreements for new home and automobile policies since May 2021, affecting policy renewals for AARP members[63]. - The top ten personal lines insurers account for approximately 70% of market share, highlighting the competitive nature of the market[66]. - The Hartford's telematics program, TrueLane, is available in 43 states, offering discounts for good driving behavior, which reflects the company's investment in data analytics and risk management[68]. Operational Challenges - In 2022, inflation and supply chain pressures increased automobile repair costs, impacting the overall cost structure for the insurance industry[70]. - Claims payments for benefits, losses, and loss adjustment expenses represent the largest expenditure for the Company[112]. - The Company leverages data analytics in managing medical costs, focusing on areas such as opioid usage and vocational rehabilitation[110]. - The Company is required to obtain approval for its premium rates from state insurance departments, impacting pricing adequacy[105]. - The Company maintains a dedicated catastrophe claims organization to respond to large-scale catastrophic events across the country[111]. Workforce and Diversity - The Company has approximately 18,800 employees as of December 31, 2022[127]. - As of December 31, 2022, women and people of color represent 61.7% and 31.6% of the workforce, respectively[145]. - Over 55% of employees were members of at least one Employee Resource Group (ERG) as of December 31, 2022[143]. - The Company engages in annual pay equity analyses to ensure fair compensation practices across the organization[133]. - The Company is committed to ethical conduct and a bias-free workplace, holding leaders accountable for DEI goals[141]. - The Company has invested in strategies to improve representation of underrepresented demographics in the insurance industry[142]. Risk Management - The Company underwrites risks to manage exposure to loss through favorable risk selection and diversification, with aggregate exposure limits set by geographic zone and peril[104]. - The concentration of the investment portfolio in specific industries or geographic sectors increases the risk of significant losses[164]. - The Company has a net limit of $1.5 billion for adverse development on A&E reserves, which could impact financial condition if exceeded[174]. - Climate change risks may lead to increased claims for property damage and higher reinsurance costs, affecting overall financial performance[168]. - The Company is exposed to catastrophe losses from both natural and man-made events, which could materially affect financial results[176]. - Pricing for insurance products is contingent on accurate risk assessment and regulatory compliance, impacting profitability[184]. - The potential for increased claims from climate-related events may not be adequately reflected in current pricing models[180]. - Cyber risk exposure is rising due to the increasing frequency of cyber attacks, potentially leading to higher insured losses[182]. - The Company may face challenges in maintaining adequate pricing for catastrophe exposure due to regulatory limitations[180]. - The effects of terrorism and geopolitical crises could disrupt operations and adversely impact the investment portfolio[181]. - Regulatory constraints may prevent the company from achieving targeted profitability levels, potentially leading to lower returns on equity[185]. Corporate Governance - The ability to declare and pay dividends is subject to the discretion of the board of directors, considering operating results, financial condition, and market conditions[204]. - The holding company relies on dividends from insurance subsidiaries as the principal source of cash flow to meet obligations[205]. - Connecticut state laws and other jurisdictions impose limitations on the payment of dividends, requiring approval for declarations above certain levels[205]. - Actual results may materially differ from analytical models used for decision-making in underwriting, pricing, and capital management[206]. - The profitability of the company depends on the consistency of actual experience with the assumptions used in models[207]. - Estimated fair values of investments are based on market information and judgments about financial instruments, which can be subjective[209]. - Market disruptions can make it difficult to value certain securities, impacting the determination of fair values[209]. - Rapidly changing credit and equity market conditions could materially impact the valuation of securities[210]. - Decreases in value of investments could have a material adverse effect on the company's financial condition or liquidity[210].

Financial Performance Highlights - The Hartford's core earnings for 4Q22 were $746 million, a 7% increase compared to $697 million in 4Q21[28] - The Hartford's core earnings Return on Equity (ROE) for 4Q22 was 144%, up 17 points from 127% in 4Q21[28] - The Hartford's full year 2022 core earnings reached $25 billion, a 14% increase from $22 billion in 2021[29] - The Hartford returned $21 billion to stockholders in 2022, including $16 billion in share repurchases and $506 million in common stockholder dividends[26] Segment Performance - Commercial Lines' combined ratio was 890 in 4Q22, compared to 846 in 4Q21[31,49] - Group Benefits' core earnings margin was 83% in 4Q22, a 91 points improvement from 4Q21[20] - Hartford Funds' core earnings were $39 million in 4Q22, down from $60 million in 4Q21, due to lower fee income from a 21% decrease in daily average Assets Under Management (AUM)[28,70] Property & Casualty (P&C) - P&C net written premium growth was 8%[26] - Commercial Lines net written premium grew by 9%[26] - Personal Lines net written premium grew by 4%[31]