Hartford Q3 Net Income Jumps 28% to $4.82/Share, Dividend Raised 12%
HIG is trading near its 52-week low of $120.33 (13% above the low).
Summary
Hartford's Q3 net income rose 28% to $4.82 per diluted share from $3.77 a year ago, but core earnings fell 3% to $3.50 per share from $3.59 — the gap is the $497 million pre-tax gain from commuting the A&E adverse development cover disclosed in the September 25 8-K. Business Insurance written premiums grew 6% with an underlying combined ratio of 90.1, though the underlying loss ratio worsened 2.0 points to 59.9 and Middle & Large Business underlying combined ratio jumped to 99.5 from 91.4. Personal Insurance was the weak spot: written premiums fell 4% on an 8% auto decline, and catastrophe losses pushed the combined ratio to 93.2 from 88.7, even as the underlying combined ratio improved 2.9 points. Employee Benefits core earnings dropped 19% to $120 million as the loss ratio rose to 74.9 from 70.1 on higher disability claim incidence. The board raised the quarterly dividend 12%, and management reiterated the CEO transition to Mo Tooker on March 1, 2027. The earnings call is tomorrow, October 27, at 9:00 a.m. EDT.
Updates
· SEC 8-K — Hartford's raised quarterly dividend of $0.67 is payable Jan. 5, 2027 to shareholders of record Dec. 1, 2026.
At the time of this announcement, HIG was trading at $135.94 on NYSE in the Finance sector, with a market capitalization of approximately $36.8B. The 52-week trading range was $120.33 to $146.07. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.