NYSE: HIG
HARTFORD INSURANCE GROUP, INC.CIK 0000874766 · SIC 6331 · Fire, Marine & Casualty Insurance
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Hartford elects Priscilla Almodovar, former Fannie Mae CEO, to Board effective Sept. 1
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Latest financial statements
From 10-Q filed Jul 23, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations
(in millions, except for per share data)
| Description | Three months ended June 30, 2026 (unaudited) | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| Earned premiums | 6,279 | 5,961 | 12,424 | 11,796 |
| Fee income | 86 | 86 | 173 | 172 |
| Net investment income | 800 | 658 | 1,534 | 1,310 |
| Net realized gains (losses) | 64 | (19) | 12 | (68) |
| Other revenues | 34 | 30 | 61 | 52 |
| Total revenues | 7,263 | 6,716 | 14,204 | 13,262 |
| Benefits, losses and expenses | ||||
| Benefits, losses and loss adjustment expenses | 4,081 | 3,712 | 8,079 | 7,712 |
| Amortization of deferred policy acquisition costs ("DAC") | 669 | 625 | 1,325 | 1,232 |
| Insurance operating costs and other expenses | 1,215 | 1,138 | 2,443 | 2,285 |
| Interest expense | 50 | 50 | 100 | 100 |
| Amortization of other intangible assets | 17 | 17 | 35 | 35 |
| Total benefits, losses and expenses | 6,032 | 5,542 | 11,982 | 11,364 |
| Income from continuing operations before income taxes | 1,231 | 1,174 | 2,222 | 1,898 |
| Income tax expense | 251 | 236 | 438 | 376 |
| Income from continuing operations, net of tax | 980 | 938 | 1,784 | 1,522 |
| Income from discontinued operations, net of tax | 318 | 57 | 370 | 103 |
| Net income | 1,298 | 995 | 2,154 | 1,625 |
| Preferred stock dividends | 5 | 5 | 10 | 10 |
| Net income available to common stockholders | 1,293 | 990 | 2,144 | 1,615 |
| Income from continuing operations, net of tax, available to common stockholders per common share | ||||
| Basic | 3.57 | 3.29 | 6.45 | 5.30 |
| Diluted | 3.53 | 3.24 | 6.38 | 5.22 |
| Net income available to common stockholders per common share | ||||
| Basic | 4.73 | 3.49 | 7.80 | 5.66 |
| Diluted | 4.68 | 3.44 | 7.71 | 5.58 |
Condensed Consolidated Balance Sheets
(in millions, except for share and per share data)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Assets | ||
| Investments: | ||
| Fixed maturities, AFS, at fair value (amortized cost of $47,036 and $46,871, and ACL of $16 and $16) | 45,824 | 46,041 |
| Fixed maturities, at fair value using the fair value option ("FVO Securities") | 125 | 168 |
| Equity securities, at fair value | 560 | 422 |
| Mortgage loans (net of ACL of $49 and $49) | 7,262 | 6,837 |
| Limited partnerships and other alternative investments | 6,135 | 5,804 |
| Other investments | 227 | 218 |
| Short-term investments | 3,866 | 4,004 |
| Total investments | 63,999 | 63,494 |
| Cash | 125 | 122 |
| Restricted cash | 78 | 44 |
| Accrued investment income | 487 | 473 |
| Premiums receivable and agents' balances (net of ACL of $160 and $142) | 7,009 | 6,316 |
| Reinsurance recoverables (net of allowance for uncollectible reinsurance of $70 and $69) | 7,037 | 7,191 |
| Deferred policy acquisition costs | 1,464 | 1,347 |
| Deferred income taxes, net | 1,207 | 937 |
| Goodwill | 1,639 | 1,639 |
| Property and equipment, net | 867 | 924 |
| Other intangible assets, net | 521 | 556 |
| Other assets | 2,649 | 2,122 |
| Assets held for sale | 901 | 864 |
| Total assets | 87,983 | 86,029 |
| Liabilities | ||
| Unpaid losses and loss adjustment expenses | 47,146 | 46,268 |
| Reserve for future policy benefits | 447 | 444 |
| Other policyholder funds and benefits payable | 606 | 612 |
| Unearned premiums | 10,836 | 10,053 |
| Long-term debt | 4,374 | 4,371 |
| Other liabilities | 4,761 | 5,126 |
| Liabilities held for sale | 180 | 176 |
| Total liabilities | 68,350 | 67,050 |
| Commitments and Contingencies (Note 13) | ||
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value 50,000,000 shares authorized, 13,800 shares issued at June 30, 2026 and December 31, 2025, aggregate liquidation preference of $345 | 334 | 334 |
| Common stock, $0.01 par value —1,500,000,000 shares authorized, 326,960,228 shares issued at June 30, 2026 and December 31, 2025 | 3 | 3 |
| Additional paid-in capital | 503 | 549 |
| Retained earnings | 26,553 | 24,739 |
| Treasury stock, at cost 55,336,594 and 50,036,826 shares | (5,389) | (4,589) |
| Accumulated other comprehensive income (loss) ("AOCI"), net of tax | (2,371) | (2,057) |
| Total stockholders’ equity | 19,633 | 18,979 |
| Total liabilities and stockholders’ equity | 87,983 | 86,029 |
Condensed Consolidated Statements of Cash Flows
(in millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating Activities | ||
| Net income | 2,154 | 1,625 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Net realized (gains) losses | (17) | 59 |
| Amortization of deferred policy acquisition costs | 1,325 | 1,232 |
| Additions to deferred policy acquisition costs | (1,442) | (1,355) |
| Depreciation and amortization | 219 | 186 |
| Other operating activities, net | 173 | 169 |
| Change in assets and liabilities: | ||
| Decrease in reinsurance recoverables | 153 | 32 |
| Net change in accrued and deferred income taxes | (381) | (181) |
| Increase in insurance liabilities | 1,657 | 1,784 |
| Net change in premiums receivable and agents' balances | (749) | (752) |
| Net change in other assets and other liabilities | (858) | (523) |
| Net cash provided by operating activities | 2,234 | 2,276 |
| Investing Activities | ||
| Proceeds from the sale/maturity/prepayment of: | ||
| Fixed maturities, AFS | 5,772 | 4,755 |
| FVO securities | — | 109 |
| Equity securities, at fair value | 11 | 125 |
| Mortgage loans | 747 | 733 |
| Limited partnership and other alternative investments | 137 | 115 |
| Payments for the purchase of: | ||
| Fixed maturities, AFS | (5,714) | (6,090) |
| FVO securities | (1) | (8) |
| Equity securities, at fair value | (83) | (16) |
| Mortgage loans | (1,154) | (793) |
| Limited partnership and other alternative investments | (523) | (445) |
| Net payments for derivatives | (50) | (22) |
| Net disposals (additions) of property and equipment | 84 | (78) |
| Net proceeds from (payments for) short-term investments | (47) | 524 |
| Other investing activities, net | (62) | (53) |
| Net cash used for investing activities | (883) | (1,144) |
| Financing Activities | ||
| Deposits and other additions to investment and universal life-type contracts | 79 | 63 |
| Withdrawals and other deductions from investment and universal life-type contracts | (83) | (57) |
| Net return of shares under incentive and stock compensation plans, including related excise tax benefit | (35) | (33) |
| Treasury stock acquired, including related excise tax paid | (916) | (815) |
| Dividends paid on preferred stock | (10) | (10) |
| Dividends paid on common stock | (332) | (299) |
| Net cash used for financing activities | (1,297) | (1,151) |
| Foreign exchange rate effect on cash | (10) | 4 |
| Net increase (decrease) in cash and restricted cash, including cash classified within assets held for sale | 44 | (15) |
| Less: Net increase (decrease) in cash classified within assets held for sale | (7) | — |
| Net increase (decrease) in cash and restricted cash | 37 | (15) |
| Cash and restricted cash beginning of period | 166 | 234 |
| Cash and restricted cash– end of period | 203 | 219 |
| Supplemental Disclosure of Cash Flow Information | ||
| Interest paid | 101 | 103 |
Amounts as printed on the EDGAR/iXBRL face — (in millions, except for per share data); (in millions, except for share and per share data); (in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗