earnings
confidence high
sentiment positive
materiality 0.80
Hartford Q3 net income $476M (+5% YoY); core earnings down 16%; dividend raised 10%
HARTFORD INSURANCE GROUP, INC.
2021-Q3 EPS reported
$4.54
revenue$16,574,000,000
- Net income $476M ($1.36 diluted EPS) up 5% YoY; core earnings $442M ($1.26 diluted EPS) down 16%.
- Commercial Lines underlying combined ratio 87.2, improving 6.5 pts from 93.7; written premiums up 15% to $2.5B.
- Group Benefits absorbed $228M pretax excess mortality and COVID-19 short-term disability impacts.
- Returned $634M to shareholders: $511M share repurchases and $123M dividends; buyback authority increased to $3B through 2022.
- Quarterly common dividend raised 10% to $0.385, payable Jan. 4, 2022 to holders of record Dec. 1, 2021.