earnings
confidence high
sentiment positive
materiality 0.70
Hartford Q1 net income $530M (+21% YoY); P&C written premiums up 10%
HARTFORD INSURANCE GROUP, INC.
2023-Q1 EPS reported
$1.66
revenue$5,910,000,000
- Net income $530M ($1.66 diluted EPS), up 21% from $438M ($1.30) in Q1 2022.
- Core earnings $536M ($1.68 per share) vs $559M ($1.66) prior year; core ROE 14.3%.
- Commercial Lines premiums +11%; Group Benefits ongoing premium growth +8%.
- P&C catastrophe losses $185M pre-tax; combined ratio 92.7, underlying 88.5.
- Returned $484M to stockholders: $350M buybacks, $134M dividends.