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].

5 PROPERTY & CASUALTY Strong contribution from Commercial Lines delivers profitable growth | --- | --- | --- | --- | --- | --- | |----------|-------|-------|----------------------------------|-------|---------------------------------| | 100.4 | | | Commercial Lines Combined Ratio3 | | | | | 95.8 | 90.2 | | 89.0 | | | 5.0 33.5 | 6.7 | 2:0 | 84.6 | 1.6 | | | | 32.2 | 31.6 | 32.1 | 31.3 | CAY CATs and PYD | | | | | | | | | | | | | | Expense Ratio | | 61.6 | 56.7 | 56.4 | 56.5 | 55.7 | CAY Losses and LAE4 Befor ...

The Hartford Financial Services Group, Inc. (NYSE:HIG) Q4 2022 Earnings Conference Call February 3, 2023 9:00 AM ET Company Participants Susan Spivak - Investor Relations Chris Swift - Chairman and Chief Executive Officer Beth Costello - Chief Financial Officer 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 Mike Ward - Citi Greg Peters - ...

The Hartford Financial Services Group, Inc. (NYSE:HIG) Q3 2022 Results Conference Call October 28, 2022 9:00 AM ET Company Participants Susan Spivak - IR Chris Swift - CEO Beth Costello - CFO Doug Elliot - President Conference Call Participants Alex Scott - Goldman Sachs Elyse Greenspan - Wells Fargo David Motemaden - Evercore ISI Brian Meredith - UBS Greg Peters - Raymond James Andrew Kligerman - Credit Suisse Michael Phillips - Morgan Stanley Josh Shanker - Bank of America Yaron Kinar - Jefferies Michael ...

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, 2022 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 2022 Earnings Conference Call July 29, 2022 9:00 AM ET Company Participants Susan Spivak - Senior Vice President of Investor Relations Chris Swift - Chairman & Chief Executive Officer Beth Costello - Chief Financial Officer Doug Elliot - President Conference Call Participants Elyse Greenspan - Wells Fargo Greg Peters - Raymond James Brian Meredith - UBS David Motemaden - Evercore Michael Phillips - Morgan Stanley Paul Newsome - Piper Sandler Joshua S ...

4Q21 CORE EARNINGS1 OF $697 MILLION, EPS1,2 OF $2.02, ROE1,3 OF 12.7% The Hartford's Second Quarter 2022 Financial Results The Hartford Financial Services Group, Inc. | July 28, 2022 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% SAFE HARBOR STATEMENT Certain statements made in this presentation should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Thes ...

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, 2022 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 2022 Earnings Conference Call April 29, 2022 9:00 AM ET Company Participants Susan Spivak - Senior Vice President of Investor Relations Chris Swift - Chairman & Chief Executive Officer Beth Costello - Chief Financial Officer Doug Elliot - President Conference Call Participants Brian Meredith - UBS Elyse Greenspan - Wells Fargo Greg Peters - Raymond James David Motemaden - Evercore ISI Michael Phillips - Morgan Stanley Alex Scott - Goldman Sachs Andre ...