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HIG
99.09
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-0.77
HIG Stock Earnings: Hartford Finl Servs Gr Misses EPS, Misses Revenue for Q1 2024
Hartford Finl Servs Gr just reported results for the first quarter of 2024. The company reported earnings per share of $2.34 and revenue of $6.42 billion. This was below the analyst estimate for earnings of $1.89 per share and revenues of $7.01 billion.
Investorplace · 3h ago
Hartford Financial Services Group Inc reports results for the quarter ended in March - Earnings Summary
Hartford Financial Services Group Inc reports quarterly adjusted earnings of $2.34 per share for the quarter ended in March. Revenue rose 8.6% to $6.42 billion from a year ago. The company reported quarterly income of $748 million. Hartford Financial Services group Inc shares fell 3.1% this quarter and gained 24.2% this year.
Reuters · 5h ago
Compared to Estimates, The Hartford (HIG) Q1 Earnings: A Look at Key Metrics
NASDAQ · 5h ago
Hartford's Q1 profit rises on higher premiums, investment income
Hartford's Q1 profit rises on higher premiums, investment income. Investment income, before tax, surged 15% to $593 million. Firm's total earned premiums for the January to March period were at $5.45 billion. A rally in global markets since the start of the year has helped insurance sector.
Reuters · 6h ago
Hartford Financial Services Group Inc. Q1 Profit Increases, but misses estimates
NASDAQ · 7h ago
The Hartford  Non-GAAP EPS of $2.34 misses by $0.10, revenue of $6.42B misses by $70M
The Hartford Financial Services Group, Inc. Q1 Non-GAAP EPS of $2.34 misses by $0.10, revenue of $6.42B misses by $70M. The Hartford's Q1 combined ratio of 90.1% was better than expected.
Seeking Alpha · 7h ago
Hartford Finl Servs Gr Q1 2024 GAAP EPS $2.47 Beats $2.43 Estimate, Sales $6.419B Miss $6.514B Estimate
Hartford Finl Servs Gr reported quarterly earnings of $2.47 per share. The company reported quarterly sales of $6.419 billion. This is a 8.61 percent increase over sales of the same period last year. The quarterly earnings beat the analyst consensus estimate by 1.65 percent.
Benzinga · 8h ago
*Hartford Financial 1Q Rev $6.42B >HIG
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -2-
First quarter 2024 net income of $573 million compared with $421 million in first quarter 2023. 10% growth in earned premium. Lower CAY CAT losses from winter storms and other weather-related events. More favorable PYD in 2024 than in 2023 due to higher investment income and other factors. First quarter 2024 core earnings of $546 million.
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong First Quarter 2024 Financial Performance
The Hartford Announces Strong First Quarter 2024 Financial Performance. First quarter 2024 net income available to common stockholders of $748 million increased 41% from the first quarter of 2023. Property & Casualty written premiums rose 9% in first quarter 2024. The Hartford returned $491 million to stockholders. The company reported a trailing 12-month core earnings ROE of 16.6 percent.
Dow Jones · 8h ago
*Hartford Financial 1Q Book Value Per Diluted Shr $50.23 >HIG
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -8-
Forward-looking statements are based on management's current expectations and assumptions. The Hartford Financial Services Group, Inc. And its subsidiaries are subject to inherent uncertainties, risks and changes in circumstances. Actual results could differ from the company's expectations. The company's business includes risks and uncertainties related to the insurance industry.
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -7-
The Hartford's management evaluates profitability of the company's commercial and personal lines segments on the underwriting basis. The company's combined ratio for the three months ended March 31, 2018 was 104.4%. The company expects to make a profit in the first quarter of this year. The company has a combined ratio of 104.5%. Hartford's net income for the quarter was $1.1 billion.
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -6-
Core earnings margin is calculated using the non-GAAP financial measure core earnings rather than the GAAP measure net income. The Company believes core earnings per diluted share provides investors with a valuable measure of the Company's operating performance. Core earnings should not be considered a substitute for net income (loss) available to common stockholders per diluted common share.
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -5-
Book value per diluted share is a non-GAAP measure that excludes the impact of AOCI. Book value per share is the most directly comparable U.S. GAAP measure. The Company's net worth is primarily attributable to the Company's business operations. The company's book value is calculated by dividing common stockholders' equity by the number of shares outstanding.
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -4-
Net income is the difference between the value of a company's assets and the value it loses. The number of assets held by a company and the number of its stockholders is a better measure of the value. A company's value is the sum of its tangible assets and its value to a stockholder. The total number of shares held by shareholders is a measure of their value to the company.
Dow Jones · 8h ago
Press Release: The Hartford Announces Strong -3-
Loss ratio of 73.5 improved from 75.2 in first quarter 2023. Group life loss ratio of 82.6 improved 4.1 points largely driven by improved mortality trends. Group disability loss ratio improved 0.3 points. Net investment income of $114 million, before tax, compared with $110 million in the same period. Average Hartford Funds AUM of $132 billion increased 4% from first quarter 2024.
Dow Jones · 8h ago
*Hartford Financial 1Q Adj EPS $2.34 >HIG
Dow Jones · 8h ago
Hartford Financial Services Group Non-Cumulative Preferred Stock, Series G Yield Pushes Past 6%
NASDAQ · 10h ago
The Hartford Announces Strong First Quarter 2024 Financial Performance
The Hartford announces financial results for the first quarter ended March 31, 2024. The Hartford's first quarter 2024 financial results were excellent with a trailing 12-month core earnings ROE of 16.6 percent. The Hartford reported a combined ratio of 88.4 percent for the quarter.
Barchart · 13h ago
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About HIG
The Hartford Financial Services Group, Inc. is a holding company. The Company's segments include Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds. The Commercial Lines segment provides a variety of insurance products and risk management services in the United States and internationally. Personal Lines segment provides automobile, homeowners and personal umbrella coverage to individuals across the United States. The Property & Casualty Other Operations segment includes certain property and casualty operations. The Group Benefits segment provides employers and associations with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health. Hartford Funds segment offers investment products for retail and retirement accounts and provides investment management, distribution and administrative services, such as product design, implementation and oversight.