The Hartford Insurance Group, Inc. (HIG)

HIG Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	22,567	21,026	19,390	17,999	17,288
Total Interest & Dividend Income	2,445	2,119	1,656	1,540	1,595
Gain (Loss) on Sale of Investments	-61	-188	-627	509	-14
Other Revenue	1,609	1,596	1,937	2,301	1,625
Total Revenue	26,560	24,553	22,356	22,349	20,494
Revenue Growth (YoY)	8.17%	9.83%	0.03%	9.05%	-1.17%
Policy Benefits	14,874	14,238	13,138	12,720	11,805
Policy Acquisition & Underwriting Costs	2,282	2,044	1,824	1,668	1,706
Amortization of Goodwill & Intangibles	71	71	71	71	72
Selling, General & Administrative	5,258	4,881	4,841	4,791	4,480
Other Operating Expenses	-	-	-	-	31
Total Operating Expenses	22,485	21,234	19,874	19,250	18,094
Operating Income	4,075	3,319	2,482	3,099	2,400
Interest Expense	-224	-225	-207	-193	-207
EBT Excluding Unusual Items	3,851	3,094	2,275	2,906	2,193
Merger & Restructuring Charges	-2	-6	-13	-1	-73
Pretax Income	3,849	3,088	2,262	2,905	2,120
Income Tax Expense	738	584	443	534	383
Earnings From Continuing Ops.	3,111	2,504	1,819	2,371	1,737
Net Income	3,111	2,504	1,819	2,371	1,737
Preferred Dividends & Other Adjustments	21	21	21	21	21
Net Income to Common	3,090	2,483	1,798	2,350	1,716
Net Income Growth	24.24%	37.66%	-23.28%	36.50%	-16.69%
Shares Outstanding (Basic)	294	307	325	349	358
Shares Outstanding (Diluted)	299	312	330	354	361
Shares Change (YoY)	-4.14%	-5.46%	-6.95%	-1.80%	-1.18%
EPS (Basic)	10.51	8.09	5.54	6.73	4.79
EPS (Diluted)	10.35	7.97	5.46	6.64	4.76
EPS Growth	29.86%	45.97%	-17.77%	39.50%	-15.90%
Free Cash Flow	5,764	4,005	3,833	3,960	3,757
Free Cash Flow Per Share	19.30	12.86	11.63	11.18	10.42
Dividend Per Share	1.930	1.745	1.580	1.440	1.300
Dividend Growth	10.60%	10.44%	9.72%	10.77%	8.33%
Operating Margin	15.34%	13.52%	11.10%	13.87%	11.71%
Profit Margin	11.63%	10.11%	8.04%	10.52%	8.37%
Free Cash Flow Margin	21.70%	16.31%	17.15%	17.72%	18.33%
EBITDA	4,323	3,744	3,029	3,719	2,920
EBITDA Margin	16.28%	15.25%	13.55%	16.64%	14.25%
D&A For EBITDA	248	425	547	620	520
EBIT	4,075	3,319	2,482	3,099	2,400
EBIT Margin	15.34%	13.52%	11.10%	13.87%	11.71%
Effective Tax Rate	19.17%	18.91%	19.58%	18.38%	18.07%
Revenue as Reported	26,535	24,527	22,362	22,390	20,523

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