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Investing.com -- Hartford Financial Services Group (NYSE:HIG) shares jumped 2.3% after the insurer reported second-quarter earnings that significantly exceeded analyst expectations, driven by strong performance across its business segments and improved underwriting results.
The company posted adjusted earnings of $3.41 per share for the second quarter of 2025, handily beating the analyst estimate of $2.84. Core earnings reached $981 million, a 31% increase from $750 million in the same period last year. Revenue growth was fueled by a 10% increase in Property & Casualty earned premiums.
"The Hartford’s second quarter results were outstanding, with core earnings reaching nearly $1 billion," said The Hartford’s Chairman and CEO Christopher Swift. "This performance contributed to a trailing 12-month core earnings ROE of 17.0 percent and reflects the effectiveness of our strategy and consistent execution."
The insurer’s Business Insurance segment delivered an excellent quarter with an 8% increase in written premiums and an underlying combined ratio of 88.0. Personal Insurance showed remarkable improvement with an 8.7-point reduction in its underlying combined ratio, while Employee Benefits achieved a strong core earnings margin of 9.2%.
Net investment income rose 10% to $664 million compared to $602 million in Q2 2024, benefiting from higher invested assets and better yields on new investments.
The company’s book value per diluted share increased 17% YoY to $60.02, reflecting strong earnings performance and a decline in unrealized investment losses.
Hartford Financial’s solid results across all business lines and significant earnings beat prompted the positive market reaction, with investors responding favorably to the company’s consistent execution and profitable growth.
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