The Hartford (HIG) Q3 2025 Financial Results Summary
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The Hartford (HIG) Q3 2025 Financial Results Summary
The Hartford (NYSE: HIG) released its financial report for the third quarter ended September 30, 2025, on October 27, 2025. The report highlights several key performance metrics reflecting the Company’s financial health.
Financial Highlights
- Net Income:
- Q3 2025: $1.1 billion, or $3.77 per diluted share.
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Change: Increased by 41% from $761 million, or $2.56 per diluted share in Q3 2024.
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Core Earnings:
- Q3 2025: $1.1 billion, or $3.78 core earnings per diluted share.
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Change: Increased by 43% from $752 million, or $2.53 core earnings per diluted share in Q3 2024.
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Return on Equity (ROE):
- Net Income ROE: 20.3%, up from 20.0% in the trailing 12 months.
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Core Earnings ROE: 18.4%, up from 17.4%.
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Book Value per Diluted Share:
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Q3 2025: $63.86, up by 13% from $56.39 in Q3 2024.
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Property & Casualty (P&C) Premiums:
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Written premiums increased by 7%, with Business Insurance growth at 9%.
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Combined Ratios:
- Business Insurance: 88.8; Personal Insurance: 88.7.
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Change in Business Insurance was an improvement of 3.4 points from 92.2.
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Catastrophe Losses:
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Current accident year (CAY) CAT losses in Q3 2025 were $70 million, compared to $247 million in Q3 2024.
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Employee Benefits Segment:
- Net income margin of 8.1%, core earnings margin of 8.3%.
Dividend and Share Repurchase
- Quarterly Dividend:
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Increased by 15% to $0.60, payable on January 5, 2026, to shareholders of record as of December 1, 2025.
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Share Repurchase:
- The company returned $547 million to stockholders, including $400 million in share repurchase.
Business Performance Breakdown
Business Insurance
- Net Income:
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Q3 2025: $710 million, showing a 34% increase from $528 million in Q3 2024.
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Key Drivers:
- Loss and loss adjustment expense ratio improved to 57.3 from 61.0 in Q3 2024.
- Written premiums were $3.57 billion, a 9% increase over the prior year.
Personal Insurance
- Net Income:
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Q3 2025: $139 million compared to $31 million in Q3 2024.
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Performance Indicators:
- Written premiums slightly increased by 2% to $987 million.
- The combined ratio improved to 88.7 from 102.5.
Employee Benefits
- Net Income:
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Decreased by 8% to $144 million from $156 million in Q3 2024.
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Key Metrics:
- Fully insured ongoing premiums remained essentially flat.
Hartford Funds
- Net Income:
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Increased by 6% to $57 million compared to $54 million in Q3 2024.
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Assets Under Management:
- Daily average Hartford Funds assets grew by 8% to $148 billion.
Corporate Segment
- Net Income Available:
- Increased significantly to $12 million from a loss of $18 million in Q3 2024.
Conclusion
The Hartford achieved record earnings in Q3 2025, demonstrating significant growth across various sectors despite challenges in the external environment. The company maintained strong financial metrics including an increased dividend and share buybacks, affirming its commitment to delivering value to shareholders.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Amounts in millions
| Sep 30 2025 | Sep 30 2024 | Change | |
|---|---|---|---|
| Net income available to common stockholders | $1,074 | $761 | 41% |
| Net income per share | $3.77 | $2.56 | 47% |
| Core earnings | $1,077 | $752 | 43% |
| Core earnings per diluted share | $3.78 | $2.53 | 49% |
| Book value per share | $63.86 | $56.39 | 13% |
| Book value per share excl. AOCI | $70.92 | $63.17 | 12% |
| ROE (Net income) | 20.3% | 20.0% | 0.3 pts |
| ROE (Core earnings) | 18.4% | 17.4% | 1.0 pts |
CONDENSED CONSOLIDATED BALANCE SHEETS
Amounts in millions
| Sep 30 2025 | Dec 31 2024 | Change | |
|---|---|---|---|
| Total assets | $62,597 | $59,197 | 5% |
| Total liabilities | $54,040 | $50,573 | 7% |
| Total stockholders’ equity | $8,557 | $8,624 | -1% |
| Book value per share | $63.86 | $55.09 | 15.9% |
| Less: Impact of AOCI | $7.06 | $9.86 | -28.4% |
| Book value per share excl. | $70.92 | $64.95 | 9.2% |