NYSE$HIG

The Hartford Financial Services Group Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

The Hartford's financial performance remained strong, driven by growth in Commercial Lines and Group Benefits, offsetting Hurricane Ian's impact.

The Hartford reported a net income of $333 million for Q3 2022, a decrease compared to $476 million in Q3 2021. Core earnings increased to $471 million from $442 million in the same period last year. The company returned $476 million to stockholders in the quarter and increased the quarterly common dividend per share by 10%.

  • Net income available to common stockholders was $333 million, or $1.02 per diluted share.
  • Core earnings were $471 million, or $1.44 per diluted share.
  • P&C written premiums rose 9%, driven by Commercial Lines premium growth of 10%.
  • Returned $476 million to stockholders, including $350 million of shares repurchased.

Headline financials

Total Revenue

$5.58B

Previous: $5.69B-1.9%
EPS (adj)

$1.44

Previous: $1.26+14.3%
Group Benefits Loss Ratio

72.8%

Previous: 84.7%-14.0%
Group Benefits Expense Ratio

25.4%

Previous: 25.2%+0.8%
Capital Expenditures

-$122M

Previous: -$92M-32.6%
Free Cash Flow

$217M

Previous: $390M-44.4%
Net Income

$339M

Previous: $482M-29.7%
Operating Income

$481M

Previous: $641M-25.0%
Gross Profit

$1.71B

Previous: $1.85B-7.7%
Cash & Equivalents

$175M

Previous: $232M-24.6%
Total Assets

$71.8B

Previous: $76.3B-5.9%

Revenue & EPS history

The Hartford · Revenue · Quarterly

$5.58B

Q3 2022-1.9%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

The Hartford · $247M total across 1 segment · Q3 2022

  • Hartford Funds
    $247M-19.0%

Forward guidance

The Hartford did not provide specific forward guidance in the provided text. The focus remains on underwriting excellence and delivering consistent returns.

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 Q3 2022

Historical avgQ3 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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