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The Hartford Insurance Group, Inc.

HIG Financial Insurance Diversified

The Hartford Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.4 billion, up 6.91% from fiscal 2024.

Revenue
+3.94%
EPS
+28.3%
Free cash flow
+67.4%
Total debt
+0.11%

Quarter to September 2026, against a year earlier

135.44 1.65 −1.20%
Market cap
$36.7B
P/E
8.2×
Fwd P/E
9.0×
Dividend yield
1.76%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by regions Fiscal 2011

  • United States
  • Japan
  • Other Category

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 59.82
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 5 2 — 1 — — — — — 1
Insider Ownership 1.32%

Capital & Financial Ratios $m

Size
Market Cap 36,660.00
Revenue ttm 29,605.00
Net income ttm 4,608.00
Free cash flow ttm 7,081.00
Net debt Q 4,197.00
Valuation
P/E 8.19
Forward P/E 8.96
Price / sales 1.25
Forward P/S Powerpack
Price / FCF 5.21
Price / book 1.99
Financial health
Current ratio Q 0.21
Debt / equity Q 0.23
Interest coverage Q 32.66
Growth
Revenue growth Q +3.94% (above 0%: growing)
Operating income growth Q +26.30% (above 0%: growing)
EPS, this year −2.75% (below 0%: weak)
EPS, next year A +4.41%
Revenue, next year A +1.78%
EPS, past 5 yrs +22.85% (at or above 15%: strong)
EPS, next 5 yrs A +3.12%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 5.29%
10-year low 10-year high
P/S against its own 10 years 78.03%
10-year low 10-year high
P/B against its own 10 years 83.24%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.76%
Annual rate
2.40
Payout ratio
14.5%
Growth, 2017–25
+11.0%/yr
  1. 0.94 ’17
  2. 1.10 ’18 +17
  3. 1.20 ’19 +9
  4. 1.30 ’20 +8
  5. 1.44 ’21 +10
  6. 1.58 ’22 +10
  7. 1.75 ’23 +10
  8. 1.93 ’24 +11
  9. 2.16 ’25 +12
  10. 2.46 ’26e +14
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 189 234 177 178
Receivables 12,711 13,138 13,507 12,370
Inventory — — — —
Other — — — —
12,900 13,372 13,684 12,548
2023 2024 2025 Q'26
Payables 52,039 55,080 57,377 59,543
ST’ Debt — — — —
Other — — — —
52,039 55,080 57,377 59,543

Compound Annual Growth %

10y 5y 3y
Sales 5.90% 6.69% 8.25%
Cash Flow 7.95% 8.88% 13.90%
Earnings 8.53% 17.33% 28.50%
Book Value 0.73% 0.45% 11.54%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.15 Actual 3.50

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.17 4.06 Beat by 0.89
Q1 FY26 3.29 3.09 Miss by 0.20
Q2 FY26 3.12 3.42 Beat by 0.30
Q3 FY26 3.15 3.50 Beat by 0.35
Q4 FY26 3.28 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.04 4.68 4.84 — —
’25 2.15 3.44 3.77 3.98 13.32
’24 2.47 2.44 2.56 2.88 10.35
’23 1.66 1.73 2.09 2.51 7.97
’22 1.30 1.32 1.02 1.81 5.44
’21 0.67 2.51 1.36 2.10 6.62
’20 0.74 1.29 1.26 1.47 4.76
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7,226 7,263 7,220 — —
’25 6,810 6,716 6,946 7,896 28,368
’24 6,419 6,486 6,751 6,879 26,535
’23 5,910 6,049 6,168 6,400 24,527
’22 5,393 5,373 5,580 6,016 22,362
’21 5,299 5,589 5,686 5,816 22,390
’20 4,956 5,068 5,171 5,328 20,523
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,045 1,189 2,951 — —
’25 985 1,291 1,838 1,808 5,922
’24 1,097 1,260 1,678 1,874 5,909
’23 871 (49) 1,771 1,627 4,220
’22 429 974 1,521 1,084 4,008
’21 759 838 1,292 1,204 4,093
’20 298 969 1,388 1,216 3,871
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,014 1,304 3,001 — —
’25 947 1,251 1,793 1,762 5,753
’24 1,047 1,199 1,618 1,900 5,764
’23 822 (99) 1,719 1,563 4,005
’22 398 928 1,476 1,031 3,833
’21 736 814 1,247 1,163 3,960
’20 275 941 1,361 1,180 3,757
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 20.1% a year for ten years. It grew 10.8% a year over the last ten.

Implied
20.1%
10 years, reported
10.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 16,291 17,162 18,955 20,740 20,523 22,390 22,362 24,527 26,535 28,368 29,605 +6.4% 28,874 30,261 31,402 +3.4%
Gross margin, % 38.86 40.72 41.10 44.69 42.48 43.19 41.25 41.95 43.95 46.28 47.56 +7.4 pt
EBT 447 723 1,753 2,560 2,120 2,905 2,262 3,088 3,849 4,760 5,431 +30.1%
EBT margin, % 2.74 4.21 9.25 12.34 10.33 12.97 10.12 12.59 14.51 16.78 18.34 +14.0 pt
Net income 896 (3,131) 1,807 2,085 1,737 2,371 1,819 2,504 3,111 3,836 4,608 +17.5%
Per share, $
Per share, $ Revenue 42.02 47.19 52.89 57.47 57.28 64.14 68.85 79.87 90.29 100.45 109.65 +10.2%
Earnings 2.27 (8.61) 4.95 5.66 4.76 6.71 5.52 7.97 10.35 13.32 16.69 +21.7%
Cash flow 5.33 6.01 7.93 9.67 10.80 11.72 12.34 13.74 20.11 20.97 25.90 +16.4%
Capex (0.58) (0.69) (0.34) (0.29) (0.32) (0.38) (0.54) (0.70) (0.49) (0.60) 0.33 +0.4%
Free cash flow 4.75 5.32 7.59 9.38 10.49 11.34 11.80 13.04 19.61 20.37 26.23 +17.6%
Book value 43.60 37.10 36.55 45.08 51.79 51.11 42.11 49.91 55.96 67.21 69.90 +4.9%
Shares, m 388 364 358 361 358 349 325 307 294 282 275 (3.5%)
Valuation, ×
Valuation, × P/E 21.41 0.00 8.96 10.66 10.27 10.26 13.73 10.09 10.45 10.23 8.19 10.6
P/S 1.14 1.17 0.84 1.06 0.86 1.08 1.09 1.02 1.21 1.37 1.25 1.1
P/B 1.10 1.49 1.25 1.38 0.96 1.38 1.83 1.67 2.00 2.09 1.99 1.5
EV/Sales 1.42 1.45 1.08 1.28 1.08 1.30 1.30 1.21 1.39 1.54 — 1.3
EV/FCF 12.54 12.87 7.53 7.84 5.90 7.38 7.59 7.43 6.40 7.60 — 8.3
Cash, $m
Cash, $m Operating cash flow 2,066 2,186 2,843 3,489 3,871 4,093 4,008 4,220 5,909 5,922 6,993 +12.4%
Capex (224) (250) (122) (105) (114) (133) (175) (215) (145) (169) 88 (3.1%)
Free cash flow 1,842 1,936 2,721 3,384 3,757 3,960 3,833 4,005 5,764 5,753 7,081 +13.5%
Balance, $m
Balance, $m Working capital (27,332) (31,307) (31,660) (34,869) (35,305) (36,831) (37,961) (39,139) (41,708) (43,693) (46,995) +5.4%
Net debt 4,582 4,818 4,557 4,586 4,113 4,607 4,013 4,173 4,132 4,194 4,197 (1.0%)
Shareholders’ equity 16,903 13,494 13,101 16,270 18,556 17,843 13,676 15,327 16,447 18,979 18,873 +1.3%
Returns, %
Returns, % ROA 0.40 (1.39) 1.25 3.10 2.37 3.12 2.40 3.32 3.92 4.57 5.33 +4.2 pt
ROIC 4.14 3.55 7.28 8.99 6.78 8.74 8.79 10.55 12.30 13.37 15.25 +9.2 pt
ROE 5.19 (20.60) 13.72 14.38 10.05 13.15 11.66 17.53 19.87 21.95 25.03 +16.8 pt
People
People Employees 16,900 16,400 18,500 19,500 18,500 18,100 18,800 18,700 19,100 19,200 — +1.4%
Revenue/emp, $m 0.96 1.05 1.02 1.06 1.11 1.24 1.19 1.31 1.39 1.48 — +4.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

The Hartford Insurance Group is a holding company whose subsidiaries provide property-and-casualty insurance, employee group benefits insurance and services, and mutual funds and exchange-traded funds. It serves individual and business customers, principally in the United States, with some business in the United Kingdom and other international locations. It was founded in 1810, is headquartered in Connecticut, and Christopher Swift is chairman and chief executive officer.

Its commercial insurance operation covers risks businesses face, including workplace injuries, property damage, liability claims, commercial vehicles, marine exposures, professional liability, bonds, and credit and political risks. It sells policies with fixed premiums as well as loss-sensitive policies, where the final premium can change with the customer’s loss experience.

Where the money comes from and where it goes Fiscal 2011

Fiscal 2011: revenue by regions, and margins
United States 21,561 99.21%
Japan 135 0.62%
Other Category 37 0.17%
Gross margin 38.89%
Operating margin 3.26%
Pre-tax margin 0.92%

Revenue by segment since 2009

The Hartford Insurance Group, Inc. vs peers in Insurance Diversified (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BRK.B Berkshire Hathaway Inc. $1.23T 14.4× 25.6× +10.04% (above 0%: growing) +107.85% (above 0%: growing) +6.56% (above 0%: growing) 80.07% 49.52% Compare
BRK.A Berkshire Hathaway Inc. $1.22T 14.4× 25.6× +10.04% (above 0%: growing) +107.75% (above 0%: growing) +6.56% (above 0%: growing) 80.07% 49.52% Compare
AIG American International Group, Inc. $42.3B 13.1× 11.5× +17.19% (above 0%: growing) +71.28% (above 0%: growing) +100.37% (above 0%: growing) 0.00% 0.00% Compare
ACGL Arch Capital Group Ltd. $37.7B 8.8× 9.2× −8.89% (below 0%: shrinking) −15.09% (below 0%: shrinking) −19.60% (below 0%: shrinking) 37.31% 26.42% Compare
HIG The Hartford Insurance Group, Inc. $36.7B 8.2× 9.0× +3.94% (above 0%: growing) +28.27% (above 0%: growing) +67.37% (above 0%: growing) 48.57% 22.62%
AEG Aegon NV $12.6B — (loss-making) 8.4× −53.52% (below 0%: shrinking) −86.85% (below 0%: shrinking) +30.41% (above 0%: growing) 14.93% (11.60%) Compare
BNT Brookfield Wealth Solutions Ltd. $12.4B 48.5× — +38.85% (above 0%: growing) −80.05% (below 0%: shrinking) +154.51% (above 0%: growing) 26.99% 10.58% Compare
PLGO Pelagos Insurance Capital Limited $2.3B 6.7× 7.4× +10.30% (above 0%: growing) +194.44% (above 0%: growing) +92.57% (above 0%: growing) 15.54% 10.68% Compare
XZO Exzeo Group, Inc. $1.6B 17.7× 18.0× +0.04% (above 0%: growing) 0.00% −101.10% (below 0%: shrinking) 62.06% 47.39% Compare
Median of peers $25.1B 14.4× 11.5× +10.04% +35.64% +18.49% 32.15% 18.55%

All 11 Insurance Diversified stocks →

From the latest earnings call

Updated

  • Chris Swift said Business Insurance pricing remained above loss trend in commercial auto and general liability, while property pricing moderated during the quarter.
  • Beth Costello said The Hartford expects 2026 net investment income to increase as invested assets grow, while overall portfolio yields remain broadly in line with 2025.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.02%
Held by the ten largest 46.95%
Holder Shares Stake Change
Vanguard 36.57m 13.50% −295.94k
BlackRock 30.69m 11.33% −1.05m
State Street 16.07m 5.93% +11.97k
Fidelity (FMR) 10.50m 3.88% −610.34k
Geode Capital Management 8.24m 3.04% +34.82k
UBS 5.73m 2.11% −237.96k
Invesco 5.67m 2.09% +601.47k
Dimensional Fund Advisors 4.79m 1.77% +88.18k
Nordea Investment Management 4.54m 1.68% +113.50k
Norges Bank 4.38m 1.62% +4.38m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 9 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 22.11m 48.03m 312.00
2024 19.34m 48.65m 244.00
2023 16.41m 11.75m 176.00
2022 16.09m 26.53m 162.00
2021 15.82m 38.80m 144.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

The Hartford Insurance Group, Inc. (HIG) Latest News

3 Nov

Impact 3 · · The Motley Fool

2 Nov

Impact 3 · · StockStory

29 Oct

Impact 3 · · Zacks

27 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Simply Wall St.
Impact 4 · · Moby transcript
Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · Business Wire earnings
Impact 3 · · Zacks
Impact 3 ·

25 Oct

Impact 3 · · StockStory

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks
Impact 3 · · PR Newswire

19 Oct

Impact 3 · · Zacks

14 Oct

Impact 4 · · Zacks
Impact 4 · · Business Wire

13 Oct

Impact 4 · · Business Wire

12 Oct

Impact 3 · · PR Newswire

8 Oct

Impact 3 · · Zacks

30 Sep

Impact 4 · · Business Wire

25 Sep

Impact 3 · · Zacks

1 Sep

Impact 3 ·

6 Aug

Impact 4 ·

4 Aug

Impact 4 ·

1 Aug

Impact 3 ·

27 Jul

Impact 3 ·

HIG metrics, ten years each

stockrow.com/HIG · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com