HARTFORD INSURANCE GROUP, INC. HIG
The Hartford Insurance Group, Inc. ("HIG") (together with its subsidiaries, "The Hartford", the "Company", "we", or "our") is a holding company for a group of subsidiaries that provide property and casualty ("P&C") insurance, employee group benefits insurance and services, and mutual funds and exchange-traded funds ("ETF") to individual and business customers in the United States, as well as in the United Kingdom and other international locations. The Hartford is headquartered in Connecticut and its oldest subsidiary, Hartford Fire Insurance Company, dates back to 1810. As of December 31, 2025, total assets and total stockholders' equity of The Hartford were $86.0 billion and $19.0 billion, respectively.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.51B | $1.46B | $1.38B | $1.42B | $1.57B | $1.36B | $1.40B | $1.42B | $1.25B | $16.29B |
| SG&A | $5.58B | $5.26B | $4.88B | $4.84B | $4.79B | $4.48B | $4.58B | $4.28B | — | — |
| Total operating expenses | — | — | — | — | — | — | $4.58B | $4.28B | $4.56B | $3.52B |
| Interest expense | $199.0M | $199.0M | $199.0M | $213.0M | $234.0M | $236.0M | $259.0M | $298.0M | $316.0M | $327.0M |
| Pre-tax income | $4.76B | $3.85B | $3.09B | $2.26B | $2.90B | $2.12B | $2.56B | $1.75B | $723.0M | $447.0M |
| Income tax | $924.0M | $738.0M | $584.0M | $443.0M | $534.0M | $383.0M | $475.0M | $268.0M | $985.0M | $166.0M |
| Net income | $3.84B | $3.11B | $2.50B | $1.82B | $2.37B | $1.74B | $2.08B | $1.81B | -$3.13B | $896.0M |
| EPS, basic | 13.51 | 10.51 | 8.09 | 5.54 | 6.73 | 4.79 | 5.72 | 5.03 | -8.61 | 2.31 |
| EPS, diluted | 13.32 | 10.35 | 7.97 | 5.46 | 6.64 | 4.76 | 5.66 | 4.95 | -8.61 | 2.27 |
| Shares, diluted (wtd. avg.) | $286.5M | $298.6M | $311.5M | $329.5M | $354.1M | $360.6M | $364.9M | $364.1M | $363.7M | $394.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $177.0M | $234.0M | $189.0M | $344.0M | $337.0M | $239.0M | $262.0M | $121.0M | $180.0M | $328.0M |
| Property, plant and equipment | $931.0M | $888.0M | $896.0M | $927.0M | $1.03B | $1.12B | $1.18B | $1.01B | — | — |
| Goodwill | $1.91B | $1.91B | $1.91B | $1.91B | $1.91B | $1.91B | $1.91B | $1.29B | $1.29B | — |
| Other intangibles | $566.0M | $637.0M | $707.0M | $778.0M | $858.0M | $950.0M | $1.07B | $657.0M | — | — |
| Total assets | $86.00B | $80.92B | $76.78B | $73.01B | $76.58B | $74.11B | $70.82B | $62.31B | — | — |
| Short-term debt | — | — | — | — | — | $0 | $500.0M | $413.0M | — | — |
| Long-term debt | $4.37B | $4.37B | $4.36B | $4.36B | $4.94B | $4.35B | $4.35B | $4.26B | — | — |
| Total liabilities | $67.02B | $64.47B | $61.45B | $59.33B | $58.73B | $55.55B | $54.55B | $49.21B | — | — |
| Retained earnings | $24.74B | $21.53B | $19.01B | $17.06B | $15.77B | $13.92B | $12.69B | $11.05B | — | — |
| Total equity | $18.98B | $16.45B | $15.33B | $13.68B | $17.80B | $18.49B | $16.27B | $13.10B | $13.49B | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.92B | $5.91B | $4.22B | $4.01B | $4.09B | $3.87B | $3.49B | $2.84B | $2.19B | $2.07B |
| Depreciation and amortisation | $396.0M | $356.0M | $510.0M | $625.0M | $680.0M | $562.0M | $451.0M | $467.0M | $399.0M | $398.0M |
| Capital expenditure | $169.0M | $145.0M | $215.0M | $175.0M | $133.0M | $114.0M | $105.0M | $122.0M | $250.0M | $224.0M |
| Investing cash flow | -$3.76B | -$3.77B | -$2.43B | -$1.28B | -$2.47B | -$2.07B | -$2.15B | -$1.96B | -$1.44B | $949.0M |
| Financing cash flow | -$2.23B | -$2.08B | -$1.95B | -$2.71B | -$1.58B | -$1.78B | -$1.19B | -$1.47B | -$979.0M | -$2.54B |
| Dividends paid | $592.0M | $556.0M | $528.0M | $506.0M | $485.0M | $457.0M | $433.0M | $379.0M | $341.0M | $334.0M |
| Buybacks | $1.61B | $1.51B | $1.40B | $1.55B | $1.70B | $150.0M | $200.0M | $0 | $1.03B | $1.33B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000874766-26-000025.
Others in SIC 6331
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|---|---|---|---|---|
| CB | Chubb Ltd | $132.49B | 13.3x | 6.5% |
| PGR | PROGRESSIVE CORP/OH/ | $127.29B | 11.4x | 16.3% |
| TRV | TRAVELERS COMPANIES, INC. | $77.04B | 13.5x | 5.2% |
| ALL | ALLSTATE CORP | $65.63B | 6.8x | 5.6% |
| AIG | AMERICAN INTERNATIONAL GROUP, INC. | $39.85B | 14.0x | -1.7% |
| ACGL | ARCH CAPITAL GROUP LTD. | $33.47B | 8.5x | 14.3% |
| CINF | CINCINNATI FINANCIAL CORP | $26.26B | 11.3x | 11.4% |
| WRB | BERKLEY W R CORP | $25.67B | 15.5x | 9.9% |