earnings
confidence high
sentiment neutral
materiality 0.70
Hartford Q1 prelim net income $530M ($1.66 EPS); core EPS $1.68; Personal Lines under pressure
HARTFORD INSURANCE GROUP, INC.
2023-Q1 EPS reported
$1.66
revenue$5,910,000,000
- Net income available to common stockholders of $530M ($1.66 diluted EPS); core earnings $536M ($1.68 diluted EPS).
- P&C catastrophe losses of $185M pre-tax ($146M after tax) from winter storms and tornadoes.
- Commercial Lines combined ratio 92.7, underlying combined ratio 88.5, in line with outlook.
- Personal Lines combined ratio 106.1, underlying 97.0; auto physical damage severity added ~$30M pre-tax.
- Share repurchases of 4.7M shares for $350M in the quarter.