- Hartford Financial had total revenues of $6.42 billion in the 1st quarter. Although this value is up 8.6% y/y, it is below the estimated $6.5 billion.
- The company’s core EPS stood at $2.34 compared to $1.68 y/y. This, too, was below the estimate of $2.47.
- Hartford’s net investment income was $593 million, a 15% y/y increase, missing the estimate of $639.6 million.
- The book value per share was $50.23, compared to $44.27 y/y, slightly under the estimate of $50.73.
- Asset management under Hartford funds reached $135.64 billion, surpassing the estimate of $133.63 billion.
- Hartford reported commercial lines written premiums of $3.36 billion. Although an 8.1% y/y increase, this slightly missed the estimate of $3.37 billion.
- The commercial lines underwriting gain stood at $301 million, up 49% y/y. This surpassed the estimated $283.2 million.
- Hartford’s personal lines written premiums amounted to $844 million, a 13% y/y increase, exceeding the estimate of $815.8 million.
- The company reported a personal lines underwriting loss of $13 million, which is a 71% y/y reduction. This loss was also less than the estimated loss of $19.1 million.
- The group benefits fully insured ongoing premiums excluding buyout premiums reaching $1.59 billion, which was under the estimated $1.64 billion.
A look at Hartford Financial Svcs Grp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hartford Financial Svcs Grp shows a promising long-term outlook. With a strong momentum score of 5, the company is demonstrating robust market performance and positive investor sentiment. This suggests potential for continued growth and upward movement in the future. Additionally, Hartford Financial scores well in growth with a score of 4, indicating solid potential for expanding its business operations and market presence over time.
Although the company scores average in value, dividend, and resilience, with scores of 3 across these factors, the higher scores in growth and momentum could overshadow these areas. Hartford Financial Services Group, Inc. focuses on providing various insurance products in the U.S., including property and casualty insurance, group benefits, and mutual funds. Overall, with its standout momentum and growth scores, Hartford Financial may be positioned for a positive and steadily growing trajectory in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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