earnings
confidence high
sentiment positive
materiality 0.80
Hartford Q2 net income up 35% to $733M, board authorizes $3.3B buyback
HARTFORD INSURANCE GROUP, INC.
2024-Q2 EPS reported
$4.92
revenue$12,905,000,000
- Net income $733M ($2.44 EPS) vs $542M ($1.73) YoY; core earnings $750M ($2.50) up 28%.
- P&C written premiums +12%; Commercial Lines combined ratio 89.8, underlying 87.4.
- Board authorized new $3.3B share repurchase program effective Aug 1, 2024 through 2026.
- Net income ROE 19.8%; core earnings ROE 17.4%.
- Catastrophe losses $280M before tax (7.1 points) vs $226M (6.2 pts) last year.