Hartford Financial Posts $856M Q1 Profit, Up 36% on Higher Premiums
The Hartford Financial Group (NYSE: HIG), a property and casualty insurance company, reported net income of $856 million for the quarter ending March 31, 2026, up 36% from $630 million in the prior-year period.
The Hartford Financial Group (NYSE: HIG), a property and casualty insurance company, reported net income of $856 million for the quarter ending March 31, 2026, up 36% from $630 million in the same period a year earlier. Diluted earnings per share rose to $3.04 from $2.15. Read more earnings reports.
Total revenue climbed 6.1% to $7.23 billion for the three months ending March 31, 2026, compared with $6.81 billion in the first quarter of 2025. The revenue increase was driven primarily by higher premiums across multiple business lines.
Revenue Drivers
Commercial lines revenue reached $4.07 billion, up from $3.75 billion in the year-ago quarter. Personal lines revenue rose to $995 million from $982 million. Group benefits revenue increased to $1.84 billion from $1.79 billion in the prior-year period.
Net investment income totaled $392 million, up from $366 million in the first quarter of 2025.
Expenses and Profitability
Operating expenses for the quarter totaled $2.23 billion in selling, general and administrative costs, compared with $2.08 billion in the prior-year period when combining commercial lines, personal lines, and group benefits segments.
Income tax expense jumped to $201 million from $153 million in the year-ago quarter. Interest expense remained flat at $50 million for both periods.
Balance Sheet and Cash Flow
Total assets stood at $86.32 billion as of March 31, 2026, up slightly from $86.00 billion at the end of 2025. Total liabilities increased to $67.43 billion from $67.02 billion over the same period.
Stockholders' equity declined modestly to $18.89 billion from $18.98 billion at year-end 2025. The company held $4.37 billion in long-term debt as of March 31, 2026, essentially unchanged from December 31, 2025.
Cash from operations totaled $1.05 billion for the quarter, compared with $985 million in the first quarter of 2025. Cash used in investing activities was $332 million, while cash used in financing activities totaled $663 million.
Share Activity
The company had 274.9 million common shares outstanding as of March 31, 2026, down from 276.9 million at the end of 2025. Treasury stock increased to $4.94 billion from $4.59 billion, reflecting share repurchase activity during the quarter.
Weighted average diluted shares outstanding for the quarter were 279.9 million, down from 290.8 million in the year-ago period.
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Total Revenue | $7.23B | $6.81B | +6.1% |
| Net Income | $856M | $630M | +35.9% |
| EPS (Diluted) | $3.04 | $2.15 | +41.4% |
| Total Assets | $86.32B | $86.00B* | +0.4% |
| Cash from Operations | $1.05B | $985M | +6.1% |
*As of December 31, 2025