Hartford Financial Services Group Inc (N:HIG)
Business Focus: Multiline Insurance & Brokers
| Sector: Financials | Industry: Multiline Insurance & Brokers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 Hartford Plz HARTFORD CT 06155-0001 |
| Tel: | 1-860-5472537 |
| Website: | https://www.thehartford.com |
| IR: | See website |
| Key People | ||
| Christopher J. Swift Chairman of the Board, Chief Executive Officer | Deepa Soni Executive Vice President, Head of Technology, Data, Analytics & Information Security | Beth A. Costello Chief Financial Officer, Executive Vice President |
| Lori A. Rodden Chief Human Resource Officer, Executive Vice President | Amy M. Stepnowski Executive Vice President, Chief Investment Officer | Robert W. Paiano Executive Vice President, Chief Risk Officer |
| Jonathan R. Bennett Executive Vice President, Head of Group Benefits | Stephanie C. Bush Executive Vice President, Head of Small Commercial and Personal Lines | Michael R. Fisher Executive Vice President, Property and Casualty Chief Underwriting Officer | John J. Kinney Executive Vice President, Head of Claims & Operations |
| Business Overview |
| The Hartford Financial Services Group, Inc. is a holding company. The Company's segments include Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds. The Commercial Lines segment provides a variety of insurance products and risk management services in the United States and internationally. Personal Lines segment provides automobile, homeowners and personal umbrella coverage to individuals across the United States. The Property & Casualty Other Operations segment includes certain property and casualty operations. The Group Benefits segment provides employers and associations with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health. Hartford Funds segment offers investment products for retail and retirement accounts and provides investment management, distribution and administrative services, such as product design, implementation and oversight. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hartford Financial Services Group Inc revenues increased 10% to $24.53B. Net income applicable to common stockholders increased 38% to $2.48B. Revenues reflect Commercial Lines segment increase of 10% to $11.68B. Net income benefited from Expense Ratio -% Small Commercial decrease of 6% to 25.2%, Loss Ratio -% Small Commercial increase of 12% to 82.2%, Interest expense decrease of 7% to $199M (expense). |
| Employees: | 18,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $33,045M as of Dec 31, 2023 |
| Annual revenue (TTM): | $24,527M as of Dec 31, 2023 |
| EBITDA (TTM): | $5,847M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,483M as of Dec 31, 2023 |
| Free cash flow (TTM): | $3,456M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,236M as of Dec 31, 2023 |
| Shares outstanding: | 297,298,768 as of Mar 18, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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