The Hartford (HIG) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - The Hartford reported $4.67 billion in revenue for Q3 2024, a year-over-year increase of 10.9% and exceeding the Zacks Consensus Estimate of$ 4.62 billion by 1.06% [1] - The company's EPS for the quarter was $2.53, up from$ 2.29 a year ago, and also surpassed the consensus estimate of $2.49 by 1.61% [1] Financial Performance Metrics - Commercial line loss and loss adjustment expense ratio was 61%, slightly above the average estimate of 60.4% [2] - The expense ratio for commercial lines was 30.9%, matching the average estimate [2] - The underlying combined ratio for commercial lines was 88.6%, compared to the average estimate of 87.6% [2] - The combined ratio for commercial lines was 92.2%, above the average estimate of 91.6% [2] - Net investment income for Property and Casualty was$ 518 million, exceeding the average estimate of $488.6 million, representing a year-over-year increase of 12.6% [2] - Earned premiums for commercial lines were$ 3.25 billion, slightly below the estimate of $3.26 billion, but up 10.1% year-over-year [2] - Earned premiums for personal lines were$ 885 million, surpassing the average estimate of $871.77 million, with a year-over-year increase of 12.9% [2] - Group benefits earned premiums were$ 1.60 billion, below the average estimate of $1.62 billion, reflecting a year-over-year change of 1.6% [2] - Total Property & Casualty earned premiums were$ 4.13 billion, matching the average estimate and showing a year-over-year increase of 10.7% [2] Stock Performance - The Hartford's shares have returned 2.8% over the past month, outperforming the Zacks S&P 500 composite's return of 1.5% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [2]