A Business at a Glance
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HARTFORD INSURANCE GROUP, INC.
HIG
$40.2B
Mkt Cap
$140.53
-1.16%
HARTFORD INSURANCE GROUP, INC. (HIG) has a current P/E ratio of 10.6, compared to its historical median P/E of 9.7. The stock is currently considered Fair based on its historical valuation range.
HARTFORD INSURANCE GROUP, INC. (HIG) has a 5-year average return on invested capital (ROIC) of 13.0%. This indicates solid capital allocation.
HARTFORD INSURANCE GROUP, INC. (HIG) has a market capitalization of $45.9B. It is classified as a large-cap stock.
Yes, HARTFORD INSURANCE GROUP, INC. (HIG) pays a dividend with a trailing twelve-month yield of 1.33%. The company also returns capital through share buybacks, with a buyback yield of 3.62%.
Based on historical P/E analysis, HARTFORD INSURANCE GROUP, INC. (HIG) appears fair. The current P/E of 10.6 is 8% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 14.9%.
HARTFORD INSURANCE GROUP, INC. (HIG) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
The Hartford is a diversified insurance holding company providing property and casualty insurance, employee group benefits, and mutual funds/ETFs to individuals and businesses across the United States, United Kingdom, and other international locations. The company operates through five reportable segments: Business Insurance (workers' compensation, general liability, commercial property, marine, professional liability, bonds, and commercial auto), Personal Insurance (homeowners and auto), Property & Casualty Other Operations, Employee Benefits (group life, disability, and paid family leave), and Hartford Funds. Business Insurance, the largest segment, serves small businesses (under $20 million payroll), middle and large businesses, and global specialty clients through independent retail agents, brokers, wholesale agents, and direct-to-consumer channels, with products distributed across admitted and non-admitted markets. Personal Insurance offers homeowners and auto coverage primarily through agency and direct channels, with the Prevail platform providing advanced underwriting and digital capabilities. Employee Benefits delivers group life, disability, and leave products to employers, while Hartford Funds manages mutual funds and ETFs. The company's business model combines underwriting expertise with risk management and claims administration capabilities, generating revenue through earned premiums and investment income on a diversified portfolio. Distribution is multi-channel, with significant reliance on independent agents and brokers, though the company faces consolidation among distribution partners and increasing competition from both traditional carriers and non-traditional entrants leveraging technology and artificial intelligence.
【Disciplined growth with margin focus】 Management expects to sustain targeted profitability while pursuing selective growth opportunities across segments in 2026. In Personal Insurance, the company aims to expand policy counts in both auto and home through agency channels while remaining disciplined in the competitive direct channel, having restored auto to target margins and achieved strong homeowners results. Business Insurance is expected to see property pricing stabilize and package product pricing flatten, with liability components remaining firm, while workers' compensation faces continued downward rate pressure from favorable industry loss cost trends. Employee Benefits is positioned to sustain industry-leading margins with expectations for improved retention as pricing moderates, supported by a resilient economy and favorable mortality trends. Net investment income is expected to increase in 2026 supported by higher invested assets and portfolio yields generally in line with 2025 levels. The company plans balanced capital deployment through increased dividends to operating companies, continued share repurchases at elevated levels, and strategic investments in technology and artificial intelligence capabilities to enhance underwriting efficiency and scalability.
| Metric | Target | Period |
|---|---|---|
| Net dividends from operating companies | approximately $2.9 billion | FY2026 |
| Quarterly share repurchases | $450 million | FY2026 (beginning Q1) |
| Business Insurance written premium | exceed $6 billion | FY2025 |
| Business Insurance property written premium | $3.3 billion | FY2025 |
Net dividends from operating companies (FY2026): “For 2026, we expect net dividends from the operating companies of approximately $2.9 billion, a 16% increase over 2025.”
Quarterly share repurchases (FY2026 (beginning Q1)): “beginning with the first quarter, we expect to increase quarterly share repurchases to $450 million, subject to market conditions and capacity remaining under our share repurchase authorization”
Business Insurance written premium (FY2025): “Written premium is expected to exceed $6 billion in 2025, representing 10% growth over prior year.”
Business Insurance property written premium (FY2025): “Across Business Insurance, property written premium grew 11% to $800 million with expectations for full year premium to reach $3.3 billion.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 28.8B | 28.4B | 26.5B | 24.5B | 22.4B | 22.4B |
| Net Income | 4.0B | 3.8B | 3.1B | 2.5B | 1.8B | 2.4B |
| EPS | $12.36 | $13.32 | $10.35 | $7.97 | $5.46 | $6.64 |
| Free Cash Flow | 5.8B | 5.8B | 5.8B | 4.0B | 3.8B | 4.0B |
| ROIC | 0.0% | 17.3% | 15.3% | 13.2% | 8.8% | 10.3% |
| Gross Margin | - | 16.8% | 14.5% | 12.6% | 10.1% | 13.0% |
| Debt/Equity | 0.23 | 0.23 | 0.27 | 0.28 | 0.36 | 0.28 |
| Dividends/Share | $1.86 | $2.16 | $1.93 | $1.75 | $1.58 | $1.44 |
| Operating Income | 0 | 4.8B | 3.8B | 3.1B | 2.3B | 2.9B |
| Operating Margin | 0.0% | 16.8% | 14.5% | 12.6% | 10.1% | 13.0% |
| ROE | 21.4% | 21.5% | 19.4% | 17.1% | 11.4% | 12.9% |
| Shares Outstanding | 327M | 286M | 299M | 312M | 329M | 354M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 18.6B | 16.0B | 16.3B | 17.2B | 19.0B | 20.7B | 20.5B | 22.4B | 22.4B | 24.5B | 26.5B | 28.4B | 28.8B |
| Gross Margin | 0.7% | -0.4% | 0.1% | 4.2% | 9.2% | 12.3% | 10.3% | 13.0% | 10.1% | 12.6% | 14.5% | 16.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | 4.3B | 4.6B | 4.5B | 4.8B | 4.8B | 4.9B | 5.3B | 5.6B | 5.7B |
| EBIT | 69M | 1.5B | 521M | 704M | 1.8B | 2.6B | 2.1B | 2.9B | 2.3B | 3.1B | 3.8B | 4.8B | 0 |
| Op. Margin | 0.4% | 9.5% | 3.2% | 4.1% | 9.2% | 12.3% | 10.3% | 13.0% | 10.1% | 12.6% | 14.5% | 16.8% | 0.0% |
| Net Income | 798M | 1.7B | 896M | -3.1B | 1.8B | 2.1B | 1.7B | 2.4B | 1.8B | 2.5B | 3.1B | 3.8B | 4.0B |
| Net Margin | 4.3% | 10.5% | 5.5% | -18.2% | 9.5% | 10.0% | 8.4% | 10.5% | 8.0% | 10.1% | 11.6% | 13.4% | 14.0% |
| Non-Recurring | 113M | 37M | 0 | 0 | 202M | 0 | 56M | -20M | 13M | 6.0M | 2.0M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 3.2% | 7.1% | 4.1% | -15.8% | 10.1% | 10.9% | 7.9% | 10.3% | 8.8% | 13.2% | 15.3% | 17.3% | 0.0% |
| ROE | 4.2% | 9.3% | 5.2% | -20.6% | 13.5% | 14.1% | 9.9% | 12.9% | 11.4% | 17.1% | 19.4% | 21.5% | 21.4% |
| ROA | 0.3% | 0.7% | 0.4% | -1.4% | 1.3% | 3.1% | 2.4% | 3.1% | 2.4% | 3.3% | 3.9% | 4.6% | 4.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.9B | 2.8B | 2.1B | 2.2B | 2.8B | 3.5B | 3.9B | 4.1B | 4.0B | 4.2B | 5.9B | 5.9B | 6.0B |
| Free Cash Flow | 1.8B | 2.4B | 1.8B | 1.9B | 2.7B | 3.4B | 3.8B | 4.0B | 3.8B | 4.0B | 5.8B | 5.8B | 5.8B |
| Owner Earnings | 1.7B | 2.6B | 1.8B | 1.9B | 2.5B | 3.1B | 3.5B | 3.7B | 3.7B | 3.9B | 5.6B | 5.6B | 3.2B |
| CapEx | 121M | 307M | 224M | 250M | 122M | 105M | 114M | 133M | 175M | 215M | 145M | 169M | 162M |
| Maint. CapEx | 198M | 164M | 186M | 197M | 232M | 283M | 271M | 282M | 213M | 204M | 177M | 187M | 2.6B |
| Growth CapEx | 0 | 143M | 38M | 53M | 0 | 0 | 0 | 0 | 0 | 11M | 0 | 0 | 0 |
| D&A | 198M | 164M | 186M | 197M | 232M | 283M | 271M | 282M | 213M | 204M | 177M | 187M | 2.6B |
| CapEx/OCF | 6.4% | 11.1% | 10.8% | 11.4% | 4.3% | 3.0% | 2.9% | 3.2% | 4.4% | 5.1% | 2.5% | 2.9% | 2.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 282M | 316M | 334M | 341M | 379M | 433M | 457M | 485M | 506M | 528M | 556M | 592M | 609M |
| Dividend Yield | 2.1% | 2.1% | 2.4% | 2.2% | 2.4% | 2.5% | 3.3% | 2.4% | 2.4% | 2.4% | 1.8% | 1.7% | 1.3% |
| Share Buybacks | 1.8B | 1.3B | 1.3B | 1.0B | 0 | 200M | 150M | 1.7B | 1.6B | 1.4B | 1.5B | 1.6B | 1.7B |
| Buyback Yield | 13.6% | 9.6% | 8.6% | 6.0% | N/A | 1.0% | 1.0% | 7.5% | 6.6% | 5.8% | 4.7% | 4.1% | 3.6% |
| Stock-Based Comp | 0 | 7.0M | 81M | 116M | 130M | 125M | 116M | 128M | 131M | 125M | 133M | 141M | 141M |
| Debt Repayment | 200M | 773M | 275M | 500M | 826M | 1.6B | 500M | 0 | 600M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 1.1B | 3.4B | 1.3B | -32.0B | -31.1B | -37.6B | -40.9B | -38.2B | -31.6B | -35.6B | -38.4B | -41.8B | -71M |
| Cash & Equiv. | 141M | 143M | 328M | 180M | 121M | 262M | 239M | 337M | 344M | 189M | 234M | 177M | 4.4B |
| Long-Term Debt | 5.7B | 5.1B | 4.5B | 4.7B | 4.3B | 4.3B | 4.4B | 4.9B | 4.4B | 4.4B | 4.4B | 4.4B | 4.4B |
| Debt/Equity | 0.33 | 0.30 | 0.29 | 0.38 | 0.36 | 0.30 | 0.23 | 0.28 | 0.36 | 0.28 | 0.27 | 0.23 | 0.23 |
| Interest Coverage | 0.2 | 4.4 | 1.6 | 2.2 | 5.9 | 9.9 | 9.0 | 12.4 | 10.6 | 15.5 | 19.3 | 23.9 | 23.9 |
| Equity | 18.7B | 17.6B | 16.9B | 13.5B | 13.1B | 16.3B | 18.6B | 17.8B | 13.7B | 15.3B | 16.4B | 19.0B | 18.9B |
| Total Assets | 245.0B | 228.3B | 224.6B | 225.3B | 62.3B | 70.8B | 74.1B | 76.6B | 73.0B | 76.8B | 80.9B | 86.0B | 86.3B |
| Total Liabilities | 226.3B | 210.7B | 207.7B | 211.8B | 49.2B | 54.5B | 55.6B | 58.7B | 59.3B | 61.5B | 64.5B | 67.0B | 67.4B |
| Intangibles | N/A | N/A | 44M | 659M | 657M | 1.1B | 950M | 858M | 778M | 707M | 637M | 566M | 549M |
| Retained Earnings | 11.2B | 12.6B | 13.1B | 9.6B | 11.1B | 12.7B | 13.9B | 15.8B | 17.1B | 19.0B | 21.5B | 24.7B | 25.4B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.73 | 3.96 | 2.27 | -8.61 | 4.95 | 5.66 | 4.76 | 6.64 | 5.46 | 7.97 | 10.35 | 13.32 | 12.36 |
| Owner EPS | 3.66 | 6.09 | 4.56 | 5.15 | 6.82 | 8.45 | 9.66 | 10.41 | 11.13 | 12.49 | 18.75 | 19.53 | 9.86 |
| Book Value | 40.58 | 41.54 | 42.82 | 37.11 | 36.01 | 44.62 | 51.47 | 50.31 | 41.53 | 49.20 | 55.09 | 66.26 | 57.77 |
| Cash Flow/Share | 4.09 | 6.49 | 5.23 | 6.01 | 7.81 | 9.57 | 10.74 | 11.56 | 12.17 | 13.55 | 19.79 | 20.68 | 20.36 |
| Dividends/Share | 0.66 | 0.78 | 0.86 | 0.94 | 1.10 | 1.20 | 1.30 | 1.44 | 1.58 | 1.75 | 1.93 | 2.16 | 1.86 |
| Shares Out. | 461.3M | 424.7M | 394.7M | 363.6M | 363.8M | 364.7M | 360.5M | 353.9M | 329.3M | 311.5M | 298.6M | 286.4M | 327.0M |
| Valuation | |||||||||||||
| P/E Ratio | 19.3 | 8.9 | 17.3 | N/A | 7.6 | 9.4 | 9.1 | 9.6 | 13.1 | 9.7 | 10.5 | 10.4 | 11.4 |
| P/FCF | 8.7 | 6.1 | 8.4 | 8.9 | 5.0 | 5.7 | 4.2 | 5.7 | 6.1 | 6.0 | 5.6 | 6.9 | 7.9 |
| EV/EBIT | 19.2 | 24.4 | 17.2 | N/A | 5.9 | 7.5 | 7.1 | 7.6 | 9.7 | 7.5 | 8.1 | 8.0 | N/A |
| Price/Book | 0.7 | 0.7 | 0.9 | 1.3 | 1.0 | 1.2 | 0.8 | 1.3 | 1.7 | 1.6 | 2.0 | 2.1 | 2.4 |
| Price/Sales | 0.6 | 0.7 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.9 | 1.0 | 0.9 | 1.1 | 1.2 | 1.6 |
| FCF Yield | 13.4% | 18.9% | 11.9% | 11.2% | 19.9% | 17.5% | 24.0% | 17.5% | 16.3% | 16.5% | 17.8% | 14.5% | 12.7% |
| Market Cap | 13.2B | 13.0B | 15.5B | 17.2B | 13.6B | 19.3B | 15.7B | 22.6B | 23.5B | 24.2B | 32.3B | 39.7B | 45.9B |
| Avg. Price | 28.57 | 34.94 | 35.48 | 43.14 | 43.02 | 47.35 | 38.42 | 58.25 | 64.62 | 69.71 | 101.79 | 123.57 | 140.53 |
| Year-End Price | 33.32 | 35.09 | 39.27 | 47.38 | 37.49 | 53.01 | 43.46 | 63.79 | 71.40 | 77.69 | 108.28 | 138.67 | 140.53 |
HARTFORD INSURANCE GROUP, INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
HARTFORD INSURANCE GROUP, INC. trades at 10.6x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 6.7x vs a median of 5.9x. The company's 5-year average ROIC is 13.0% with a gross margin of 13.4%. Total shareholder yield (dividends + buybacks) is 4.9%. At current prices, the estimated annualized return to fair value is +13.0%.
HARTFORD INSURANCE GROUP, INC. (HIG) reported annual revenue of $28.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
HARTFORD INSURANCE GROUP, INC. (HIG) has a net profit margin of 13.4%. This is a healthy margin.
HARTFORD INSURANCE GROUP, INC. (HIG) generated $5.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HARTFORD INSURANCE GROUP, INC. (HIG) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
HARTFORD INSURANCE GROUP, INC. (HIG) reported earnings per share (EPS) of $13.32 in its most recent fiscal year.
HARTFORD INSURANCE GROUP, INC. (HIG) has a return on equity (ROE) of 21.5%. This indicates the company generates strong returns for shareholders.
HARTFORD INSURANCE GROUP, INC. (HIG) has a 5-year average gross margin of 13.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for HARTFORD INSURANCE GROUP, INC. (HIG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HARTFORD INSURANCE GROUP, INC. (HIG) has a book value per share of $66.26, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects to sustain targeted profitability while pursuing selective growth opportunities across segments in 2026. In Personal Insurance, the company aims to expand policy counts in both auto and home through agency channels while remaining disciplined in the competitive direct channel, having restored auto to target margins and achieved strong homeowners results. Business Insurance is expected to see property pricing stabilize and package product pricing flatten, with liability components remaining firm, while workers' compensation faces continued downward rate pressure from favorable industry loss cost trends. Employee Benefits is positioned to sustain industry-leading margins with expectations for improved retention as pricing moderates, supported by a resilient economy and favorable mortality trends. Net investment income is expected to increase in 2026 supported by higher invested assets and portfolio yields generally in line with 2025 levels. The company plans balanced capital deployment through increased dividends to operating companies, continued share repurchases at elevated levels, and strategic investments in technology and artificial intelligence capabilities to enhance underwriting efficiency and scalability.
Based on recent SEC filings and earnings calls, HARTFORD INSURANCE GROUP, INC. (HIG) has provided the following forward guidance: Net dividends from operating companies: approximately $2.9 billion (FY2026); Quarterly share repurchases: $450 million (FY2026 (beginning Q1)); Business Insurance written premium: exceed $6 billion (FY2025); Business Insurance property written premium: $3.3 billion (FY2025).