The Hartford Financial Services Group, Inc. (HIG)

HIG Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	25,036	24,527	22,362	22,390	20,523	20,740
Revenue Growth (YoY)	9.43%	9.68%	-0.13%	9.10%	-1.05%	9.42%
Cost of Revenue	14,367	14,238	13,138	12,720	11,805	11,472
Gross Profit	10,669	10,289	9,224	9,670	8,718	9,268
Selling, General & Admin	4,948	4,881	4,841	4,791	4,480	4,580
Other Operating Expenses	2,176	2,121	1,908	1,740	1,882	1,779
Operating Expenses	7,124	7,002	6,749	6,531	6,362	6,359
Operating Income	3,545	3,287	2,475	3,139	2,356	2,909
Interest Expense / Income	199	199	213	234	236	259
Other Expense / Income	-	-	-	-	-	90
Pretax Income	3,346	3,088	2,262	2,905	2,120	2,560
Income Tax	624	584	443	534	383	475
Net Income	2,722	2,504	1,819	2,371	1,737	2,085
Preferred Dividends	21	21	21	21	21	21
Net Income Common	2,701	2,483	1,798	2,350	1,716	2,064
Net Income Growth	42.91%	38.10%	-23.49%	36.95%	-16.86%	14.60%
Shares Outstanding (Basic)	297	301	318	340	358	360
Shares Change	-5.02%	-5.45%	-6.54%	-5.02%	-0.58%	0.47%
EPS (Basic)	8.92	8.09	5.54	6.73	4.79	5.72
EPS (Diluted)	8.78	7.97	5.46	6.64	4.76	5.66
EPS Growth	51.12%	45.97%	-17.77%	39.50%	-15.90%	14.34%
Free Cash Flow	4,230	4,005	3,833	3,960	3,757	3,384
Free Cash Flow Per Share	14.23	13.32	12.05	11.63	10.48	9.39
Dividend Per Share	1.790	1.745	1.580	1.435	1.300	1.200
Dividend Growth	10.49%	10.44%	10.10%	10.38%	8.33%	9.09%
Gross Margin	42.61%	41.95%	41.25%	43.19%	42.48%	44.69%
Operating Margin	14.16%	13.40%	11.07%	14.02%	11.48%	14.03%
Profit Margin	10.79%	10.12%	8.04%	10.50%	8.36%	9.95%
Free Cash Flow Margin	16.90%	16.33%	17.14%	17.69%	18.31%	16.32%
Effective Tax Rate	18.65%	18.91%	19.58%	18.38%	18.07%	18.55%
EBITDA	4,053	3,797	3,100	3,819	2,918	3,270
EBITDA Margin	16.19%	15.48%	13.86%	17.06%	14.22%	15.77%
Depreciation & Amortization	508	510	625	680	562	451
EBIT	3,545	3,287	2,475	3,139	2,356	2,819
EBIT Margin	14.16%	13.40%	11.07%	14.02%	11.48%	13.59%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).