NYSE$HIG

The Hartford Financial Services Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

The Hartford reported strong first quarter results driven by profitable growth and expanding margins in Commercial Lines, excellent partnership returns, and lower excess mortality in Group Benefits.

The Hartford announced first quarter 2022 financial results, with net income available to common stockholders of $440 million ($1.30 per diluted share), an 80% increase from Q1 2021. Core earnings were $561 million ($1.66 per diluted share), up 176% from the prior year quarter. The results were driven by profitable growth in Commercial Lines, strong partnership returns, and lower excess mortality in Group Benefits.

  • Net income available to common stockholders increased by 80% to $440 million ($1.30 per diluted share).
  • Core earnings increased by 176% to $561 million (core earnings per diluted share of $1.66).
  • Property & Casualty (P&C) written premiums rose 9%, driven by Commercial Lines premium growth of 12%.
  • The Hartford returned $530 million to shareholders, including $400 million in share repurchases and $130 million in common stockholder dividends paid.

Headline financials

Total Revenue

$5.39B

Previous: $5.3B+1.8%
EPS (adj)

$1.66

Previous: $0.56+196.4%
Group Benefits Loss Ratio

81.9%

Previous: 84.3%-2.8%
Group Benefits Expense Ratio

25.9%

Previous: 25.3%+2.4%
Capital Expenditures

-$31M

Previous: -$23M-34.8%
Free Cash Flow

$414M

Previous: $226M+83.2%
Net Income

$445M

Previous: $249M+78.7%
Operating Income

$605M

Previous: $360M+68.1%
Gross Profit

$1.84B

Previous: $1.53B+19.7%
Cash & Equivalents

$223M

Previous: $176M+26.7%
Total Assets

$75.3B

Previous: $74.2B+1.4%

Revenue & EPS history

The Hartford · Revenue · Quarterly

$5.39B

Q1 2022+1.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

The Hartford · $280M total across 2 segments · Q1 2022

  • Hartford Funds
    $279M-2.1%
  • Corporate
    $1M-92.3%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.7%

Avg return

30 days after

44%

32 / 73 earnings

Positive

+7.8%

Q3 2010

Best reaction

-9.0%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-2.1%-2.5%
Q4 2025+3.9%+6.4%+6.4%
Q3 2025-1.8%-0.6%+9.9%
Q2 2025+2.8%+1.5%+9.1%
Q1 2025-0.4%+2.9%+8.1%
Q4 2024-2.4%-0.6%+3.5%
Q3 2024-6.3%-6.4%+0.7%
Q2 2024+7.5%+9.7%+10.5%
Q1 2024-4.6%-3.0%+1.4%
Q4 2023+3.9%+3.2%+8.6%
Q3 2023-2.1%+2.2%+8.7%
Q2 2023-4.5%-4.9%-5.1%
Q1 2023+3.7%+3.0%+0.3%
Q4 2022-1.7%+0.3%+1.9%
Q3 2022+4.2%+6.5%+9.7%
Q2 2022+0.2%-2.1%+2.9%
Q1 2022-0.1%+1.0%+3.9%
Q4 2021-3.6%-0.5%-7.7%
Q3 2021+0.2%-0.0%-4.9%
Q2 2021+2.1%+4.1%+10.1%
Q1 2021+1.3%+3.0%-3.0%
Q4 2020+2.0%+1.6%+8.5%
Q3 2020+3.1%+5.8%+22.7%
Q2 2020+2.1%-2.1%+0.2%
Q1 2020-3.4%-10.0%-2.7%
Q4 2019-2.6%+0.9%-9.1%
Q3 2019+5.0%+6.2%+5.7%
Q2 2019-0.3%-0.0%+1.1%
Q1 2019-0.3%+0.5%+0.7%
Q4 2018+2.8%+1.9%+3.1%
Q3 2018+0.5%+0.5%-1.8%
Q2 2018-0.7%+0.6%-4.5%
Q1 2018+5.3%+4.0%+2.1%
Q4 2017-3.4%-3.4%+0.5%
Q3 2017-2.9%-2.3%-1.3%
Q2 2017+3.0%+4.7%+3.4%
Q1 2017+0.5%+1.4%+2.3%
Q4 2016-2.3%-2.3%+1.5%
Q3 2016+1.9%+1.6%+10.2%
Q2 2016-9.0%-8.4%-9.0%
Q1 2016-1.4%
Q4 2015+4.1%
Q3 2015-7.9%
Q2 2015+0.8%
Q1 2015-1.1%
Q4 2014+1.9%
Q3 2014+3.3%
Q2 2014-2.7%
Q1 2014+0.5%
Q4 2013-1.3%
Q3 2013+1.5%
Q2 2013-2.6%
Q1 2013+3.6%
Q4 2012-3.3%
Q3 2012-2.1%
Q2 2012-1.8%
Q1 2012-4.5%
Q4 2011-0.5%
Q3 2011-1.7%
Q2 2011-4.4%
Q1 2011+3.5%
Q4 2009-2.2%
Q4 2010-2.2%
Q4 2008-2.2%
Q4 2007-2.2%
Q3 2010+7.8%
Q2 2010-3.2%
Q1 2009-1.2%
Q1 2010+3.0%
Q3 2009-1.5%
Q3 2008-1.5%
Q2 2008+4.5%
Q2 2009+4.5%

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