• Hartford Financial’s 3Q revenue reached $6.17 billion, showing an 11% increase year on year (y/y), which met the estimated $6.13 billion.
• The company’s Core EPS stood at $2.29 compared to $1.44 y/y, surpassing the estimated $1.97.
• Net investment income was $597 million, a 23% increase y/y, which was higher than the estimated $557.4 million.
• Book value per share was $43.50, up from $38.99 y/y, but slightly below the estimated $45.89.
• The assets under management of Hartford funds were reported at $123.19 billion.
• Commercial Lines written premiums reached $3.00 billion, showing an 8% increase y/y, but slightly below the estimated $3.07 billion.
• Commercial Lines underwriting gain stood at $290 million, a significant 90% increase y/y, which surpassed the estimated $239.4 million.
• Personal Lines written premiums were $869 million, an 8.2% increase y/y, surpassing the estimated $847.3 million.
• Group Benefits fully insured ongoing premiums excluding buyout premiums reached $1.58 billion, an 8.4% increase y/y, which was higher than the estimated $1.55 billion.
• The company received 13 buys, 7 holds, and 1 sell from investors.
A look at Hartford Financial Svcs Grp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
The Hartford Financial Services Group, Inc. is a U.S.-based provider of insurance products and mutual funds, including property and casualty insurance and group benefits. According to Smartkarma Smart Scores, the company has an overall outlook of 3-4 out of 5, indicating a generally positive long-term outlook. Value, growth, and resilience all score 3 out of 5, while momentum scores 4 out of 5, indicating a strong potential for growth.
The company’s strong momentum score suggests that it is well-positioned to continue to grow and succeed in the long-term. With its range of insurance products and mutual funds, Hartford Financial is well-equipped to meet the needs of its customers and continue to be a leader in the industry.
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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