The Hartford(US:HIG)2025-10-27 20:06Financial Performance - Net income for Q3 2025 was $1,080 million, an increase of 8.5% from $995 million in Q2 2025 and 71.1% from $630 million in Q1 2025[9] - Total revenues for Q3 2025 reached $7,232 million, up 3.5% from $6,987 million in Q2 2025 and 6.9% from $6,810 million in Q1 2025[9] - Core earnings for Q3 2025 were $1,077 million, reflecting a 9.8% increase from $981 million in Q2 2025 and a 68.8% increase from $639 million in Q1 2025[9] - The net income available to common stockholders for Q3 2025 was $1,074 million, up from $990 million in Q2 2025[9] - The Hartford's net income available to common stockholders for the nine months ended September 30, 2025, was $2.689 billion, compared to $2.242 billion for the same period in 2024, representing a 19.9% increase[18] - The company reported a total of $1,080 million in net income for the three months ended September 30, 2025, compared to $767 million for the same period in 2024, reflecting a 40.7% increase[18] Investment Income - Net investment income for Q3 2025 was $759 million, an increase of 14.3% from $664 million in Q2 2025 and 15.7% from $656 million in Q1 2025[13] - Total net investment income for the three months ended September 30, 2025, was $759 million, an increase from $664 million in the previous quarter[91] - The annualized investment yield before tax for the three months ended September 30, 2025, was 4.8%, up from 4.3% in the previous quarter[91] - The total net investment income for the nine months ended September 30, 2025, reached $2,079 million, compared to $1,854 million for the same period in 2024[91] - The total net investment income for the Property & Casualty segment for the three months ended September 30, 2025, was $605 million, up from $526 million in the previous quarter[101] Premiums and Underwriting - Earned premiums for Q3 2025 amounted to $6,093 million, a rise of 2.2% from $5,961 million in Q2 2025 and 4.4% from $5,835 million in Q1 2025[13] - Written premiums for the third quarter of 2025 were $4,560 million, compared to $4,045 million in the same quarter of 2024, reflecting a year-over-year increase of 12.7%[34] - The underwriting gain for the third quarter of 2025 was $502 million, compared to $331 million in the same quarter of 2024, showing a significant improvement[34] - The combined ratio for the three months ended September 30, 2025, improved to 88.8%, down from 94.5% in the same period last year, indicating enhanced underwriting performance[43] - The total written premium is derived from the sum of net new business premium and renewal written premium, highlighting the Company's growth in policy issuance[121] Assets and Equity - The total assets of the company as of September 30, 2025, were $84,995 million, compared to $83,639 million at the end of Q2 2025[9] - The total stockholders' equity as of September 30, 2025, was $18.450 billion, up from $16.447 billion as of December 31, 2024, indicating an increase of 12.1%[20] - Total investments as of September 30, 2025, amounted to $62.568 billion, an increase from $59.210 billion as of December 31, 2024, reflecting a growth of 4.0%[20] Ratios and Returns - The return on common stockholders' equity (ROE) for Q3 2025 was 20.3%, compared to 19.8% in Q2 2025[9] - The loss and loss adjustment expense ratio for Q3 2025 was 62.9%, an improvement from 69.0% in Q2 2025 and 79.1% in Q1 2025[64] - Core earnings return on equity (ROE) for Q3 2025 was 18.4%, an increase from 17.0% in Q2 2025 and 16.2% in Q1 2025[135] Segment Performance - For the three months ended September 30, 2025, net income for Business Insurance was $710 million, up from $528 million in the same period of 2024, representing a 34.5% increase[18] - Core earnings for Personal Insurance reached $143 million for the three months ended September 30, 2025, compared to $33 million in the same period of 2024, marking a significant increase of 333.3%[18] - The total revenues for the Employee Benefits segment for the three months ended September 30, 2025, were $1,786 million, an increase from $1,774 million in the same period of 2024[72] Operational Efficiency - The expense ratio for the three months ended September 30, 2025, was 30.0%, consistent with the same period in 2024, indicating stable operational efficiency[43] - The total benefits, losses, and expenses for the Employee Benefits segment were $1,606 million for the three months ended September 30, 2025, compared to $1,580 million in the same period of 2024[72] - The total expenses for Q3 2025 were $65 million, slightly higher than $64 million in Q2 2025, indicating a need for cost management[87] Customer Metrics - Policy count retention remained stable at 84% for both Q3 2025 and Q3 2024, indicating consistent customer loyalty[54] - The effective policy count retention for automobile policies was 80% for the three months ended September 30, 2025, consistent with the previous year[68]