earnings
confidence high
sentiment positive
materiality 0.80
Hartford posts Q2 net income $542M ($1.73 EPS), up 23%; core earnings $588M ($1.88) down from prior year
HARTFORD INSURANCE GROUP, INC.
2023-Q2 EPS reported
$3.39
revenue$11,959,000,000
- Net income available to common stockholders $542M ($1.73 diluted EPS), up 23% from $439M ($1.32) in Q2 2022.
- Core earnings of $588M ($1.88 per diluted share) vs $716M ($2.16) in prior-year quarter.
- P&C written premiums rose 11% driven by Commercial Lines +12%; Group Benefits premium +7%.
- Commercial Lines combined ratio 91.2, underlying combined ratio 88.3; P&C CAT losses $226M pre-tax.
- Returned $484M to stockholders: $350M share repurchases and $134M in common dividends.