The Hartford (HIG) Q2 2025 Financial Results Summary

# The Hartford (HIG) Q2 2025 Financial Results Summary

The Hartford (NYSE: HIG) announced its financial results for the second quarter ended June 30, 2025, on July 28, 2025. Below is a summary of the key financial metrics and performance indicators for the quarter.

### Financial Highlights:
– **Net income available to common stockholders**:
– **Q2 2025**: $990 million, or $3.44 per diluted share
– **Q2 2024**: $733 million, or $2.44 per diluted share
– **Change**: +35% in net income; +41% in earnings per share.

– **Core earnings**:
– **Q2 2025**: $981 million, or $3.41 per diluted share
– **Q2 2024**: $750 million, or $2.50 per diluted share
– **Change**: +31% in core earnings; +36% in core earnings per share.

– **Return on Equity (ROE)**:
– **Net income ROE** for the trailing 12 months: 19.8% (flat vs. Q2 2024).
– **Core earnings ROE** for the trailing 12 months: 17.0% (decreased by 0.4% vs. Q2 2024).

– **Book Value**:
– **Book value per diluted share**:
– **Q2 2025**: $60.02, an increase of 17% from $51.43 in Q2 2024.
– **Book value (excluding AOCI)**: $68.35, increased 11% from $61.71 in Q2 2024.

### Segment Performance:
– **Property & Casualty (P&C)**:
– **Written premiums**:
– **Q2 2025**: Increased by 8% to $3.8 billion, driven by growth in Business Insurance and Personal Insurance.

– **Combined Ratios**:
– **Business Insurance**: 87.0% (down from 89.8% in Q2 2024).
– **Personal Insurance**: 94.1% (down from 107.4% in Q2 2024).

– **Employee Benefits**:
– **Net income margin**: 8.5% (decreased from 9.7% in Q2 2024).
– **Core earnings margin**: 9.2% (decreased from 10.0% in Q2 2024).

### Investments:
– **Net Investment Income**:
– **Q2 2025**: $664 million, an increase of 10% from $602 million in Q2 2024.

### Shareholder Returns:
– **Total returned to stockholders**: $549 million in Q2 2025, which includes:
– **Share repurchases**: $400 million.
– **Dividends paid**: $149 million.

### Notable Metrics:
– **Tax**:
– Included a benefit of $24 million in Q2 2025 from the deferred gain on retroactive reinsurance.
– Net favorable prior accident year development (PYD) increased to $163 million (from $78 million in Q2 2024).

– **Combined ratio improvements**:
– Business Insurance companies showed improved loss and loss adjustment expense ratios, attributing to lower current accident year catastrophe losses.

### Key Takeaways:
– **Growth Trends**: The Hartford demonstrated robust growth across multiple segments with significant improvement in both net income and core earnings compared to the same quarter in the previous year.
– **Strengthened Financial Position**: Consistent increases in book value reflect a solid foundation for ongoing operations and capital management.
– **Dividends & Share Repurchases**: The reallocation of capital towards both dividends and share repurchases signaled strong commitment to shareholders.

The results paint a positive picture of The Hartford’s financial health and operational efficiencies, solidifying its position in the insurance market. Further details can be explored in the company’s investor relations resources or their official communications.

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