NYSE$HIG

The Hartford Financial Services Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

The Hartford announced financial results, revealing growth in P&C written premiums and a new share repurchase program authorized by the board.

The Hartford reported a decrease in net income available to common stockholders to $437 million, or $1.32 per diluted share, compared to $900 million in the same quarter of the previous year. Core earnings also decreased to $714 million, or $2.15 per diluted share, from $836 million in the prior year. Despite the decline in net income, the company saw growth in P&C written premiums and highlighted a strong core earnings ROE of 14.0%. The Board of Directors authorized a new $3.0 billion share repurchase program.

  • Net income available to common stockholders was $437 million, or $1.32 per diluted share.
  • Core earnings reached $714 million, or $2.15 per diluted share.
  • P&C written premiums increased by 10%, driven by Commercial Lines premium growth.
  • A new $3.0 billion share repurchase program was authorized.

Headline financials

Total Revenue

$5.37B

Previous: $5.59B-3.9%
EPS (adj)

$2.15

Previous: $2.33-7.7%
Group Benefits Loss Ratio

70.2%

Previous: 0.7%+9731.9%
Group Benefits Expense Ratio

25.2%

Previous: 0.3%+9939.8%
Capital Expenditures

-$77M

Previous: -$47M-63.8%
Free Cash Flow

$365M

Previous: $858M-57.5%
Net Income

$442M

Previous: $905M-51.2%
Operating Income

$603M

Previous: $1.17B-48.3%
Gross Profit

$1.84B

Previous: $2.39B-22.7%
Cash & Equivalents

$258M

Previous: $177M+45.8%
Total Assets

$72.4B

Previous: $74.7B-3.1%

Revenue & EPS history

The Hartford · Revenue · Quarterly

$5.37B

Q2 2022-3.9%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

The Hartford · $251M total across 1 segment · Q2 2022

  • Hartford Funds
    $251M-15.8%

Forward guidance

The Hartford did not provide specific forward guidance in the provided document. The document focuses on the results of the second quarter of 2022 and strategic initiatives.

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 Q2 2022

Historical avgQ2 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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