The Hartford Financial Services Group, Inc. (LON: 0J3H)

The Hartford Financial Services Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 29, 2024	Dec 30, 2023	Dec 30, 2022	Dec 30, 2021	Dec 30, 2020	Dec 30, 2019
Premiums & Annuity Revenue	22,191	21,026	19,390	17,999	17,288	16,923
Total Interest & Dividend Income	2,384	2,119	1,656	1,540	1,595	1,715
Gain (Loss) on Sale of Investments	-71	-188	-627	509	-14	395
Other Revenue	1,580	1,596	1,937	2,301	1,625	1,703
Total Revenue	26,084	24,553	22,356	22,349	20,494	20,736
Revenue Growth (YoY)	7.92%	9.83%	0.03%	9.05%	-1.17%	9.57%
Policy Benefits	14,728	14,238	13,138	12,720	11,805	11,472
Policy Acquisition & Underwriting Costs	2,225	2,044	1,824	1,668	1,706	1,622
Amortization of Goodwill & Intangibles	71	71	71	71	72	66
Selling, General & Administrative	5,105	4,881	4,841	4,791	4,480	4,472
Other Operating Expenses	12	12	20	1	31	-
Reinsurance Income or Expense	-	-	-	-	-	-91
Total Operating Expenses	22,141	21,246	19,894	19,251	18,094	17,723
Operating Income	3,943	3,307	2,462	3,098	2,400	3,013
Interest Expense	-228	-225	-207	-193	-207	-255
EBT Excluding Unusual Items	3,717	3,082	2,255	2,905	2,193	2,758
Merger & Restructuring Charges	8	6	7	-	-73	-108
Other Unusual Items	-	-	-	-	-	-90
Pretax Income	3,725	3,088	2,262	2,905	2,120	2,560
Income Tax Expense	696	584	443	534	383	475
Earnings From Continuing Ops.	3,029	2,504	1,819	2,371	1,737	2,085
Net Income	3,029	2,504	1,819	2,371	1,737	2,085
Preferred Dividends & Other Adjustments	21	21	21	21	21	21
Net Income to Common	3,008	2,483	1,798	2,350	1,716	2,064
Net Income Growth	30.28%	37.66%	-23.28%	36.50%	-16.69%	15.38%
Shares Outstanding (Basic)	297	307	325	349	358	361
Shares Outstanding (Diluted)	301	312	330	354	361	365
Shares Change (YoY)	-4.61%	-5.46%	-6.95%	-1.80%	-1.18%	0.22%
EPS (Basic)	10.14	8.09	5.54	6.73	4.79	5.72
EPS (Diluted)	9.97	7.97	5.46	6.64	4.76	5.66
EPS Growth	36.58%	45.97%	-17.77%	39.50%	-15.90%	14.47%
Free Cash Flow	5,427	4,005	3,833	3,960	3,757	3,384
Free Cash Flow Per Share	18.01	12.86	11.63	11.18	10.42	9.27
Dividend Per Share	1.880	1.745	1.580	1.440	1.300	1.200
Dividend Growth	10.59%	10.44%	9.72%	10.77%	8.33%	9.09%
Operating Margin	15.12%	13.47%	11.01%	13.86%	11.71%	14.53%
Profit Margin	11.53%	10.11%	8.04%	10.52%	8.37%	9.95%
Free Cash Flow Margin	20.81%	16.31%	17.15%	17.72%	18.33%	16.32%
EBITDA	4,254	3,732	3,009	3,718	2,920	3,464
EBITDA Margin	16.31%	15.20%	13.46%	16.64%	14.25%	16.71%
D&A For EBITDA	311	425	547	620	520	451
EBIT	3,943	3,307	2,462	3,098	2,400	3,013
EBIT Margin	15.12%	13.47%	11.01%	13.86%	11.71%	14.53%
Effective Tax Rate	18.68%	18.91%	19.58%	18.38%	18.07%	18.55%
Revenue as Reported	26,056	24,527	22,362	22,390	20,523	20,740

Source: S&P Capital IQ. Insurance template. Financial Sources.