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Hartford

HIG NYSE Property & Casualty Insurance Financials FY2016–FY2025

Hartford's revenue rose 6.9% to $28.4 billion in fiscal 2025. Its net margin was 13.5%, up from 11.7% a year earlier. Free cash flow was $5.8 billion, down 0.2%. It paid out $2.2 billion in dividends and buybacks, 38% of free cash flow. The diluted share count fell 4.0%.

Last close · Oct 23, 2026

$136.76

1.9%
Value it Compare
Revenue Total sales reported in the income statement.
$28.4B
6.9% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$3.8B
23.3%
Free cash flow Cash from operations minus capital spending.
$5.8B
0.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
22.6%
2.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$37.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
8.8x
On $15.47 EPS (TTM)

What Hartford does

No business description yet.

Legal name
The Hartford Insurance Group, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000874766-26-000012
0000874766

Revenue and margins

Hartford had $28.4B of revenue in fiscal 2025, up 6.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 21.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $5.8B in fiscal 2025, 20.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Hartford returned $2.2B to shareholders in fiscal 2025, 38% of free cash flow. The diluted share count fell 4.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Hartford yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $159M and divides by 286.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 8.8x · peers 12.3x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Hartford can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $4.0B$4.2B$4.0B$4.3B$4.5B
Debt incl. finance leases $4.9B$4.4B$4.4B$4.4B$4.4B
Net debt / EBITDA 0.3x0.1x0.1x0.0x−0.0x
Debt / equity 0.3x0.3x0.3x0.3x0.2x
Interest coverage 13.4x11.6x16.5x20.3x24.9x
Total assets $76.6B$73.0B$76.8B$80.9B$86.0B
Total liabilities $58.7B$59.3B$61.5B$64.5B$67.0B
Shareholders' equity $17.8B$13.7B$15.3B$16.4B$19.0B
Net debt (− = net cash) $910M$154M$323M$64.0M−$159M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$57.4M

5 insiders

Of sales under plans

87%

$49.9M

DateInsiderTradeSharesPriceValueFiling
May 27, 2026 Adin M TookerPresident Sold plan 8,895 $135.13 $1.2M Form 4
Mar 10, 2026 Lori A RoddenExecutive Vice President Sold 40,693 $138.05 $5.6M Form 4
Mar 4, 2026 Allison G NidernoSVP & Controller Sold 702 $140.52 $0.1M Form 4
Feb 26, 2026 Allison G NidernoSVP & Controller Sold 375 $141.97 $0.1M Form 4
Feb 25, 2026 Adin M TookerPresident Sold plan 8,307 $140.54 $1.2M Form 4
Feb 11, 2026 Lori A RoddenExecutive Vice President Sold 5,681 $141.83 $0.8M Form 4
Feb 4, 2026 Christopher SwiftChairman and CEO, Director Sold plan 100,970 $140.78 $14.2M Form 4
Feb 2, 2026 Christopher SwiftChairman and CEO, Director Sold plan 201,938 $136.41 $27.5M Form 4
Jan 2, 2026 Beth Ann CostelloEVP and CFO Sold plan 35,339 $136.59 $4.8M Form 4
Nov 26, 2025 Adin M TookerPresident Sold plan 6,731 $137.90 $0.9M Form 4
Oct 29, 2025 Lori A RoddenExecutive Vice President Sold 7,841 $122.41 $1.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score — / 9— / 9— / 9
Accruals ratio −2.3%−3.6%−2.5%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Hartford HIG $37.8B 6.9% — 20.3% 22.6% 8.8x —
Arch Capital Group ACGL $35.5B 14.3% — 30.8% — 8.0x — Compare →
Travelers Companies TRV $83.9B 5.2% — — 20.1% 10.5x — Compare →
W. R. Berkley WRB $28.7B 7.8% — — — 15.1x — Compare →
Fidelity National Financial FNF $10.8B 5.6% — — — 14.0x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $16.3B $17.2B $19.0B $20.7B $20.5B $22.4B $22.4B $24.5B $26.5B $28.4B
Interest expense $327M $316M $298M $259M $236M $234M $213M $199M $199M $199M
Pretax income $447M $723M $1.8B $2.6B $2.1B $2.9B $2.3B $3.1B $3.8B $4.8B
Income tax −$166M $985M $268M $475M $383M $534M $443M $584M $738M $924M
Net income $896M −$3.1B $1.8B $2.1B $1.7B $2.4B $1.8B $2.5B $3.1B $3.8B
Diluted EPS $2.27 −$8.61 $4.95 $5.66 $4.76 $6.64 $5.46 $7.97 $10.35 $13.32
Diluted shares 0.39B 0.36B 0.36B 0.36B 0.36B 0.35B 0.33B 0.31B 0.30B 0.29B
Cash flow
Cash from operations $2.1B $2.2B $2.8B $3.5B $3.9B $4.1B $4.0B $4.2B $5.9B $5.9B
Capital expenditure $224M $250M $122M $105M $114M $133M $175M $215M $145M $169M
Free cash flow $1.8B $1.9B $2.7B $3.4B $3.8B $4.0B $3.8B $4.0B $5.8B $5.8B
Depreciation and amortization $186M $197M $232M $283M $271M $282M $213M $204M $177M $187M
Stock-based compensation $81.0M $116M $130M $125M $116M $128M $131M $125M $133M $141M
Acquisitions $175M $1.4B $0.0M $1.9B $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $1.3B $1.0B $0.0M $200M $150M $1.7B $1.6B $1.4B $1.5B $1.6B
Dividends paid $334M $341M $379M $433M $457M $485M $506M $528M $556M $592M
Dividends and buybacks $1.7B $1.4B $379M $633M $607M $2.2B $2.1B $1.9B $2.1B $2.2B
Balance sheet
Cash and short-term investments $3.6B $2.5B $4.4B $3.2B $3.5B $4.0B $4.2B $4.0B $4.3B $4.5B
Total debt $4.9B $5.0B $4.7B $4.8B $4.4B $4.9B $4.4B $4.4B $4.4B $4.4B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $991M $1.0B $1.0B $1.2B $1.1B $1.0B $927M $896M $888M $931M
Total assets $224.6B $225.3B $62.3B $70.8B $74.1B $76.6B $73.0B $76.8B $80.9B $86.0B
Total liabilities $207.7B $211.8B $49.2B $54.5B $55.6B $58.7B $59.3B $61.5B $64.5B $67.0B
Shareholders' equity $16.9B $13.5B $13.1B $16.3B $18.6B $17.8B $13.7B $15.3B $16.4B $19.0B
Margins
EBITDA margin 5.9% 7.2% 12.0% 15.0% 12.8% 15.3% 12.0% 14.2% 15.9% 18.1%
Net margin 5.5% −18.2% 9.5% 10.1% 8.5% 10.6% 8.1% 10.2% 11.7% 13.5%
FCF margin 11.3% 11.3% 14.4% 16.3% 18.3% 17.7% 17.1% 16.3% 21.7% 20.3%
Returns
Return on capital — — 11.8% 14.7% 10.3% 13.5% 12.2% 18.1% 20.4% 22.6%
Return on equity 5.2% −20.6% 13.6% 14.2% 10.0% 13.0% 11.6% 17.3% 19.6% 21.7%
Return on assets 0.4% −1.4% 1.3% 3.1% 2.4% 3.2% 2.4% 3.3% 4.0% 4.6%
Growth
Revenue growth 1.8% 5.4% 10.5% 9.4% −1.1% 9.1% −0.1% 9.7% 8.2% 6.9%
Net income growth −46.7% −449.4% — 15.4% −16.7% 36.5% −23.3% 37.7% 24.2% 23.3%
EPS growth −42.7% −479.3% — 14.3% −15.9% 39.5% −17.8% 46.0% 29.9% 28.7%
FCF growth −24.8% 5.1% 40.6% 24.4% 11.0% 5.4% −3.2% 4.5% 43.9% −0.2%
Share count change −7.2% −7.9% 0.1% 0.2% −1.2% −1.8% −7.0% −5.5% −4.1% −4.1%
Financial health
Net debt / EBITDA 1.4x 2.1x 0.1x 0.5x 0.3x 0.3x 0.1x 0.1x 0.0x −0.0x
Debt / equity 0.3x 0.4x 0.4x 0.3x 0.2x 0.3x 0.3x 0.3x 0.3x 0.2x
Interest coverage 2.4x 3.3x 6.9x 10.9x 10.0x 13.4x 11.6x 16.5x 20.3x 24.9x
Capital allocation
Capex / revenue 1.4% 1.5% 0.6% 0.5% 0.6% 0.6% 0.8% 0.9% 0.6% 0.6%
Stock comp / revenue 0.5% 0.7% 0.7% 0.6% 0.6% 0.6% 0.6% 0.5% 0.5% 0.5%
Payouts / FCF 90.3% 70.7% 13.9% 18.7% 16.2% 55.2% 53.6% 48.1% 35.9% 38.4%
Quality scores
Accruals ratio −0.5% −2.4% −0.7% −2.1% −2.9% −2.3% −2.9% −2.3% −3.6% −2.5%

Source: SEC EDGAR XBRL filings (CIK 0000874766). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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