The Hartford(US:HIG)2026-01-29 21:06Financial Performance - Net income for the three months ended September 30, 2025, was $1,131 million, an increase from $1,080 million in the previous quarter[10] - Core earnings for the same period reached $1,148 million, compared to $1,077 million in the prior quarter, reflecting a growth of approximately 6.6%[10] - Total revenues for the three months ended September 30, 2025, were $7,339 million, up from $7,232 million in the previous quarter, indicating a quarter-over-quarter increase of 1.5%[10] - The diluted earnings per common share for the three months ended September 30, 2025, was $3.98, an increase from $3.77 in the prior quarter[10] - The return on common stockholders' equity (ROE) for the three months ended September 30, 2025, was 22.0%, up from 20.3% in the previous quarter[10] - The company’s net income available to common stockholders for the year ended December 31, 2025, was $3,815 million, compared to $3,090 million for the year ended December 31, 2024, reflecting a year-over-year increase of 23.4%[10] - Core earnings for the year ended December 31, 2025, were $3,845 million, up from $3,076 million in the previous year, indicating a growth of 25.0%[10] - Total revenues for the year ended December 31, 2025, reached $28,368 million, compared to $26,535 million in 2024, marking an increase of 6.9%[10] Segment Performance - Business Insurance segment net income for Q4 2025 was $897 million, compared to $708 million in Q4 2024, a growth of 26.7%[18] - Personal Insurance segment net income increased to $212 million in Q4 2025 from $154 million in Q4 2024, marking a 37.7% rise[18] - The Hartford's core earnings for the Business Insurance segment in Q4 2025 were $915 million, up from $665 million in Q4 2024, representing a 37.5% increase[18] - Net income for the Property & Casualty segment was $968 million for Q4 2025, up from $706 million in Q4 2024, representing a 37% increase[143] - Business Insurance net income reached $897 million in Q4 2025, a 27% increase from $708 million in Q4 2024[143] - Personal Insurance reported a net income of $212 million in Q4 2025, significantly up from $154 million in Q4 2024, marking a 38% increase[145] Investment Performance - Total investments increased to $63.957 billion in 2025, up from $59.210 billion in 2024, representing a growth of 6.5%[20] - The company reported a total of $10.053 billion in unearned premiums for 2025, compared to $9.408 billion in 2024, an increase of 6.9%[24] - Total net investment income for the year ended December 31, 2025, was $2,911 million, an increase from $2,568 million in the previous year[95] - The annualized investment yield before tax increased to 5.2% for the three months ended December 31, 2025, compared to 4.8% in the previous quarter[101] - Business Insurance segment reported net investment income of $562 million for the three months ended December 31, 2025, compared to $479 million in the same period of 2024, reflecting a 17.3% increase[107] Underwriting Performance - The underwriting gain for the three months ended September 30, 2025, was $193 million, significantly higher than the $107 million reported in the same quarter of 2024, indicating a year-over-year increase of 80.4%[60] - The combined ratio improved to 83.6% in Q4 2025 from 87.4% in Q4 2024, indicating enhanced underwriting performance[53] - The loss and loss adjustment expense ratio improved to 56.2% for Q4 2025, down from 61.9% in Q4 2024, indicating improved underwriting performance[150] - The underlying combined ratio for Property & Casualty improved to 56.5% in Q4 2025 from 59.0% in Q4 2024, indicating enhanced profitability[150] Operational Metrics - The company reported a total of $(441) million in prior accident year development for the year ended December 31, 2025, compared to $(231) million for the year ended December 31, 2024[51] - The total losses and loss adjustment expenses for the quarter were $2.551 billion, slightly down from $2.661 billion in the same period of 2024[35] - The total losses and loss adjustment expenses for the three months ended September 30, 2025, were $504 million, a decrease from $598 million in the previous year, reflecting a reduction of 15.7%[60] Market Strategy - The Hartford Insurance Group is focusing on market expansion and enhancing its product offerings to drive future growth[52] - The company is focused on expanding its market presence through strategic investments and product development in its various segments[119] Shareholder Metrics - Net income available to common stockholders per share for Q4 2025 was $4.05, up from $2.93 in Q4 2024, representing an increase of 38.2% year-over-year[135] - Core earnings per share for Q4 2025 reached $4.13, compared to $2.99 in Q4 2024, reflecting a year-over-year growth of 37.8%[135] - Core earnings return on equity (ROE) for the last twelve months ended September 30, 2025, was 19.4%, an increase from 16.7% for the same period in 2024[138]