HARTFORD, Conn. - The Hartford Financial Services Group (NYSE:HIG) reported mixed first quarter 2025 results, with earnings falling short of analyst estimates but revenue exceeding expectations.
The insurance and financial services company posted core earnings of $639 million, or $2.20 per diluted share, for Q1 2025, missing the analyst consensus estimate of $2.23 per share. Core earnings declined 10% from $709 million, or $2.34 per share, in the same quarter last year.
However, total revenue came in at $6.81 billion, surpassing the consensus forecast of $6.66 billion. This represented a 6% increase from $6.42 billion in Q1 2024.
The Hartford’s Property & Casualty (P&C) written premiums grew 9% YoY in the first quarter, driven by 10% growth in Business Insurance and 8% growth in Personal Insurance premiums.
The company’s combined ratio for Business Insurance was 94.4 in Q1, consistent with the prior year period. Personal Insurance saw its combined ratio deteriorate to 106.1 from 101.6 a year ago, primarily due to higher catastrophe losses.
"The Hartford is off to a strong start in 2025, delivering a trailing 12-month core earnings ROE of 16.2%," said Christopher Swift, The Hartford’s Chairman and CEO. "Disciplined underwriting and pricing execution, exceptional talent, and innovative customer-centric solutions continue to drive our performance in a dynamic market environment that included elevated industry-wide catastrophe losses."
The company returned $550 million to shareholders in Q1 through $400 million of share repurchases and $150 million in dividends.
The Hartford’s book value per diluted share increased 14% YoY to $57.07 as of March 31, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.