NYSE$HIG
The Hartford Financial Services Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong financial performance in the first quarter of 2024.
The Hartford announced excellent first quarter 2024 financial results, with a net income of $748 million, or $2.47 per diluted share, a 41% increase from Q1 2023. Core earnings were $709 million, or $2.34 per diluted share, up 32% from the same period last year. The company's Commercial Lines continues to generate strong top-line growth, Personal Lines results are improving, and Group Benefits margins remained solid.
- Net income available to common stockholders increased 41% to $748 million ($2.47 per diluted share).
- Core earnings increased 32% to $709 million ($2.34 core earnings per diluted share).
- P&C written premiums rose 9%, driven by Commercial Lines and Personal Lines premium growth.
- Returned $491 million to stockholders through share repurchases and dividends.
Headline financials
Revenue & EPS history
The Hartford · Revenue · Quarterly
$6.42B
Revenue by segment
The Hartford · $248M total across 1 segment · Q3 2023
- Hartford Funds$248M+0.4%100.0%
Forward guidance
The Hartford is off to a strong start in 2024, with first quarter results reflecting consistency in performance and stability of margins. The company is confident in its ability to grow the franchise and deliver enhanced value for shareholders with an industry-leading ROE.
Tailwinds
- Commercial Lines continues to generate strong top-line growth at highly profitable margins.
- Personal Lines results demonstrate progress towards restoring target profitability in auto.
- Group Benefits margins remained solid.
- Pricing, excluding workers’ compensation, accelerated to 9 percent in the quarter and remains above loss cost trends.
- Personal Lines achieved written price increases in auto of nearly 26 percent.
Headwinds
- Elevated but moderating loss trends in auto and homeowners.
- Lower effective policy count retention, driven by auto, due to renewal written price increases.
- Mutual fund and ETF net outflows totaled $2.5 billion.
- Lower group life sales, partially offset by an increase in group disability sales.
- Lower income from limited partnerships and other alternative investments (LPs).
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 2024
-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
| Quarter | Report date | Reaction (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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