The Hartford Announces First Quarter 2025 Financial Results

About this update from The Hartford Insurance Group, Inc.

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Core earnings* of $639 million ($2.20 core earnings per diluted share*) decreased 10% from $709 million ($2.34 core earnings per diluted share) over the same period in 2024.","length":366,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income ROE for the trailing 12 months of 18.8% and core earnings ROE* of 16.2%.","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Property & Casualty (P&C) written premiums increased by 9% in the first quarter of 2025, driven by Business Insurance and Personal Insurance premium growth of 10% and 8%, respectively.","length":192,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Business Insurance first quarter 2025 combined ratio of 94.4 and an underlying combined ratio* of 88.4, consistent with the 2024 period.","length":136,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Personal Insurance first quarter 2025 combined ratio of 106.1 and an underlying combined ratio* of 89.7, an improvement of 6.4 points compared with the 2024 period.","length":164,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Employee Benefits first quarter net income margin of 7.4% and a core earnings margin* of 7.6%, an improvement from 6.1% in the 2024 period.","length":139,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"P&C current accident year (CAY) catastrophe (CAT) losses in first quarter 2025 of $467 million, before tax, including losses related to the January 2025 California Wildfire Event of $325 million, net of reinsurance.","length":219,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Returned $550 million to stockholders in the first quarter, including $400 million of shares repurchased and $150 million in common stockholder dividends paid.","length":159,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":1458,"olType":false},{"type":"text","content":"* Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest U.S. GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures. ** All amounts and percentages set forth in this news release are approximate unless otherwise noted.","length":400,"tagName":"p"},{"type":"text","content":" HARTFORD, Conn., April 24, 2025 --( BUSINESS WIRE )--The Hartford (NYSE: HIG) today announced financial results for the first quarter ended March 31, 2025.","length":152,"tagName":"p"},{"type":"text","content":""The Hartford is off to a strong start in 2025, delivering a trailing 12-month core earnings ROE of 16.2 percent," said The Hartford’s Chairman and CEO Christopher Swift. "Disciplined underwriting and pricing execution, exceptional talent, and innovative customer-centric solutions continue to drive our performance in a dynamic market environment that included elevated industry-wide catastrophe losses."","length":425,"tagName":"p"},{"type":"text","content":"The Hartford's Chief Financial Officer Beth Costello said, "Business Insurance had a strong quarter with top-line growth of 10 percent and an underlying combined ratio of 88.4. Excluding workers’ compensation, pricing grew to 9.9 percent. Personal Insurance achieved 6.4 points of underlying combined ratio improvement. Employee Benefits continued to outperform with a core earnings margin of 7.6 percent. Solid investment performance benefited from attractive new money yields and a diversified portfolio of assets."","length":531,"tagName":"p"},{"type":"readMore"},{"type":"text","content":"Swift continued, "Our business performance is strong across the organization, and we remain steadfast in our commitment to delivering outstanding returns for our shareholders. We are well positioned to sustain our momentum, achieving profitable growth with industry-leading ROEs in 2025 and beyond."","length":309,"tagName":"p"},{"type":"text","content":" CONSOLIDATED RESULTS: ","length":21,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-left:solid black 1.0pt;padding-left:0.0px;width:70%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","rowspan":"1","style":"vertical-align:bottom;border-top:solid black 1.0pt;border-right:solid black 1.0pt;padding-left:0.0px;","val":[{"type":"text","content":" Three Months Ended ","length":18,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-left:solid black 1.0pt;padding-left:5.0px;width:70%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}},{"type":"text","content":" ($ in millions except 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net income available to common stockholders and core earnings, respectively; for net income ROE, the denominator is common stockholders’ equity including AOCI; for core earnings ROE, the denominator is common stockholders’ equity excluding AOCI ","length":309,"tagName":"p","attribs":{}}]}]}],"length":1434},{"type":"text","content":"First quarter 2025 net income available to common stockholders of $625 million, or $2.15 per diluted share, declined from $748 million in first quarter 2024, primarily driven by P&C CAY CAT losses of $467 million, before tax, including $325 million, net of reinsurance, related to the January 2025 California Wildfire Event, and a change from net realized gains in 2024 to net realized losses in 2025, partially offset by improvement in the P&C underlying loss and loss adjustment expense ratio*, earned premium growth in Business Insurance, a lower Employee Benefits loss ratio, and higher net investment 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