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Hartford Financial Services Group (HIG)
NYSE:HIG
Holding HIG?
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.67Last Year’s EPS
$3.06Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -8.74%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant growth in core areas like Commercial Lines and Personal Lines, supported by disciplined underwriting and strategic investments. However, challenges were noted in increasing general liability claims and adverse development in commercial auto, which the company is addressing. Overall, the positive aspects of growth and performance outweighed the challenges.Company Guidance
During the third quarter 2024 earnings call for The Hartford Financial Services Group (HIG), the executives provided detailed guidance on their performance metrics across various segments. The company reported a top line growth in Commercial Lines of 9%, with a strong underlying combined ratio of 88.6. Personal Lines saw a 12% increase in top line growth, while Group Benefits achieved a core earnings margin of 8.7%. The investment portfolio also performed well, contributing to a trailing 12-month core earnings return on equity (ROE) of 17.4%. The company announced an 11% increase in its quarterly dividend, reflecting strong capital generation. Additionally, the executives highlighted continued strong new business growth, particularly in Small Commercial, which reported a 26% increase in new business premium. The guidance emphasized the company’s focus on disciplined underwriting, pricing execution, and strategic investments in technology to maintain competitive advantages and market share.Strong Financial Performance in Commercial Lines
Commercial Lines had a strong quarter with core earnings of $534 million, written premium growth of 9%, and an underlying combined ratio of 88.6%.
Record Dividend Increase
An 11% increase in the common quarterly dividend was announced, payable on January 3, 2025, continuing a track record of annual dividend increases.
Personal Lines Improvement
Personal Lines saw underlying combined ratio improvement of 5.3 points from the prior year, driven by a 7-point improvement in auto.
Group Benefits Robust Performance
Group Benefits core earnings margin was an impressive 8.7% for the quarter, driven by strong group life results and long-term disability execution.
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HIG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $119.95 | $111.79 | -6.80% |
| Jul 25, 2024 | $101.48 | $108.72 | +7.13% |
| Apr 25, 2024 | $97.83 | $94.08 | -3.83% |
| Feb 01, 2024 | $85.54 | $88.73 | +3.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hartford Financial Services Group (HIG) report earnings?
Hartford Financial Services Group (HIG) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Hartford Financial Services Group (HIG) earnings time?
Hartford Financial Services Group (HIG) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HIG EPS forecast?
HIG EPS forecast for the fiscal quarter 2024 (Q4) is $2.67.
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