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Hartford Insurance
(NYSE:HIG)
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Rating:78Outperform
Price Target:
$162.00
▲(15.28% Upside)
Action:Reiterated
Date:07/24/26
HIG scores well primarily on strong financial performance (rising earnings, improved margins/ROE, and robust cash generation) and supportive valuation (low P/E). Technicals are constructive but somewhat extended, while the latest earnings call was positive on capital return and investment income but flagged underwriting/reserve and competitive risks that temper the score.
Positive Factors
High-quality cash generation
Consistent, high-quality cash generation (operating cash flow near $5.9B and FCF tracking net income) underpins durable capital flexibility. Over 2–6 months this supports buybacks, dividends, and reinsurance/capital actions and cushions earnings shocks from underwriting cycles.
Negative Factors
Reserve and underwriting volatility
Material prior‑year adverse reserve movements and sensitivity to claim severity create persistent earnings variability. Over the medium term, reserve volatility can erode underwriting margins, consume capital, and force more conservative pricing or higher reinsurance costs.
Read all positive and negative factors
Positive Factors
Negative Factors
High-quality cash generation
Consistent, high-quality cash generation (operating cash flow near $5.9B and FCF tracking net income) underpins durable capital flexibility. Over 2–6 months this supports buybacks, dividends, and reinsurance/capital actions and cushions earnings shocks from underwriting cycles.
Read all positive factors
Hartford Insurance Key Performance Indicators (KPIs)
Any
Net Income by Segment
Reveals profitability across different business units, highlighting which segments drive earnings and where there might be challenges or opportunities for growth.
Reveals profitability across different business units, highlighting which segments drive earnings and where there might be challenges or opportunities for growth.
Data provided by:
The Fly
The FlyHartford Insurance (HIG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$38.44B
Dividend Yield1.63%
Average Volume (3M)1.67M
Price to Earnings (P/E)9.1
Beta (1Y)0.42
Revenue Growth5.95%
EPS Growth39.99%
CountryUS
Employees19,200
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)15.61
Shares Outstanding270,872,000
10 Day Avg. Volume1,700,431
30 Day Avg. Volume1,674,732
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)2.05
Price to Sales (P/S)1.38
P/FCF Ratio6.76
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$150.21Price Target Upside6.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)12.72
Revenue Forecast (FY)$28.79B
Hartford Insurance Business Overview & Revenue Model
Company Description
The Hartford Insurance Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. It operates through Business Insuranc...
How the Company Makes Money
The Hartford primarily makes money through (1) underwriting income and (2) investment income generated from investing insurance “float,” with additional fees from certain service components of its products.
1) Insurance premiums (core revenue inf...
Hartford Insurance Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call presented a majority of positive operational and financial outcomes: strong core earnings ($945M), an attractive trailing ROE (18.7%), meaningful book value expansion, robust investment income growth (+22% YoY), a sizable $4.2B buyback authorization and clear execution in small commercial and employee benefits. Offsetting these positives were pockets of reserve adverse development (general liability and commercial auto), a notable decline in personal insurance written premiums (auto -10%), elevated disability loss ratios, and signs of increased competitive pressure in middle & large commercial lines that are tempering growth expectations. Management emphasized disciplined underwriting, targeted pricing, continued investments in AI and technology, and confidence in capital returns, while acknowledging near-term volatility in loss experience and expense pressure from tech investments.Positive Updates
Strong Core Earnings and ROE
Core earnings of $945 million ($3.42 per diluted share) for the quarter with a trailing 12-month core earnings ROE of 18.7%, reflecting strong profitability and earnings power.
Negative Updates
Personal Insurance Premium Decline
Personal insurance written premiums declined 7% YoY (auto down 10%, home flat), reflecting elevated competition and pressure in the direct channel despite agency growth of 7%.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Core Earnings and ROE
Core earnings of $945 million ($3.42 per diluted share) for the quarter with a trailing 12-month core earnings ROE of 18.7%, reflecting strong profitability and earnings power.
Read all positive updates
Company Guidance
The company’s forward-looking commentary focused on capital deployment, investment income, and expense targets: the board approved a new $4.2 billion share‑repurchase authorization (through Dec‑2028), a $900 million (27%) increase over the prior $3.3 billion program, effective in addition to ~ $650 million remaining under the prior authorization; the firm repurchased 3.4 million shares for $450 million in Q2 and plans to increase quarterly repurchases to $475 million for the remainder of 2026. On investments, management expects net investment income to increase for full‑year 2026 with overall portfolio yields broadly in line with 2025 (annualized yield ex‑limited partnerships 4.7% before tax, up 20 bps from Q1), Q2 net investment income was $800 million (+22% YoY), and annualized limited partnership returns were 7.6% (first‑half) and are expected to remain generally consistent in H2. Operationally they remain on track for their 2027 year‑end expense targets (business insurance expense ratio 30.7, personal insurance 26.3 vs. 25.1 a year ago, employee benefits 25.2 vs. 25.7), while noting personal insurance faces nearer‑term pressure; key quarterly metrics included core earnings $945 million ($3.42/diluted share), trailing‑12m core earnings ROE 18.7%, and book value per share excl. AOCI $78.91 (+7% vs. year‑end, +15% YoY). Management also reiterated reserve and loss expectations: catastrophe current‑accident‑year losses $222 million (cat ratio 4.9 points) and six‑month reserve movements included roughly $110 million favorable in workers’ comp, ~$116 million adverse in general liability (including a $46 million prior‑year increase in the quarter) and ~$26 million adverse in commercial auto.Hartford Insurance Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
79
Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.03B | 28.26B | 26.38B | 24.33B | 21.85B | 21.65B |
| Gross Profit | 12.76B | 13.02B | 3.97B | 3.17B | 2.05B | 2.47B |
| EBITDA | 4.90B | 5.36B | 4.21B | 3.60B | 2.89B | 3.58B |
| Net Income | 4.37B | 3.84B | 3.11B | 2.50B | 1.82B | 2.37B |
Balance Sheet | ||||||
| Total Assets | 87.98B | 86.00B | 80.92B | 70.10B | 73.02B | 76.58B |
| Cash, Cash Equivalents and Short-Term Investments | 3.99B | 4.49B | 4.25B | 126.00M | 4.09B | 46.75B |
| Total Debt | 4.37B | 4.37B | 4.37B | 4.36B | 4.36B | 4.94B |
| Total Liabilities | 68.35B | 67.02B | 64.47B | 54.77B | 59.39B | 58.73B |
| Stockholders Equity | 19.63B | 18.98B | 16.45B | 15.33B | 13.63B | 17.84B |
Cash Flow | ||||||
| Free Cash Flow | 5.87B | 5.75B | 5.76B | 4.00B | 3.83B | 3.96B |
| Operating Cash Flow | 5.88B | 5.92B | 5.91B | 4.22B | 4.01B | 4.09B |
| Investing Cash Flow | -3.50B | -3.76B | -3.77B | -2.43B | -1.28B | -2.41B |
| Financing Cash Flow | -2.38B | -2.23B | -2.08B | -1.95B | -2.71B | -1.58B |
Hartford Insurance Risk Analysis
Hartford Insurance disclosed 40 risk factors in its most recent earnings report. Hartford Insurance reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hartford Insurance Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $35.12B | 7.76 | 20.48% | ― | -0.21% | 31.57% | |
78 Outperform | $38.44B | 9.09 | 22.99% | 1.65% | 5.95% | 39.99% | |
77 Outperform | $24.34B | 16.15 | 13.23% | 2.92% | 3.72% | 41.16% | |
70 Outperform | $41.66B | 13.74 | 7.70% | 2.34% | -2.31% | 26.43% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $14.19B | 13.29 | 11.63% | 5.08% | 33.06% | 50.47% | |
58 Neutral | $13.01B | -16.96 | -219.79% | 2.31% | -19.35% | -175.55% |
* Financial Sector Average
HIG
Hartford Insurance
142.90
18.86
15.20%
AEG
Aegon
9.46
2.76
41.13%
AIG
American International Group
78.79
2.33
3.04%
ACGL
Arch Capital Group
101.12
12.61
14.25%
PFG
Principal Financial
115.13
41.94
57.30%
EQH
Equitable Holdings
48.00
-1.39
-2.82%
Hartford Insurance Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Hartford Insurance to Divest Hartford Funds to Wellington
Positive
Jun 3, 2026
On June 3, 2026, The Hartford and Wellington Management announced a definitive agreement for Wellington’s parent to acquire Hartford Funds, with the asset management business to be folded into Wellington’s U.S. wealth franchise and reb...
Executive/Board ChangesShareholder Meetings
Hartford Insurance Shareholders Approve Directors and Auditor
Positive
May 21, 2026
At its annual meeting of shareholders held on May 20, 2026, The Hartford Insurance Group, Inc. reported that all nominated directors were elected to serve until the 2027 annual meeting, reinforcing continuity in the company’s leadership and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.