Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
NEW YORK - Hartford Financial Services Group Inc. (NYSE:HIG) reported fourth-quarter earnings that beat analyst expectations, but revenue that fell short of estimates, sending shares down 2.4% in after-hours trading.
The insurance and investment company posted adjusted earnings of $2.94 per share, exceeding the consensus estimate of $2.67. However, revenue came in at $6.89 billion, below analysts’ projections of $6.91 billion.
Hartford’s core earnings decreased 7% year-over-year to $865 million in Q4, while net income available to common stockholders rose 11% to $848 million. The company saw strong performance in its Commercial Lines segment, with written premiums up 6% to $3.17 billion.
"The Hartford delivered an outstanding year with a core earnings ROE of 16.7 percent," said Chairman and CEO Christopher Swift. "Results were driven by sustained momentum in Commercial Lines, which once again generated strong top-line growth at highly profitable margins."
Personal Lines showed significant improvement, with its combined ratio dropping 15.4 points to 85.8. However, the Group Benefits segment saw core earnings decline 20% to $139 million.
For the full year 2024, Hartford reported net income of $3.09 billion, up 24% from 2023. The company returned $2.1 billion to shareholders through share repurchases and dividends.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.