Hartford Insurance
HIG · NYSEFire, Marine & Casualty Insurance · Fiscal year ends Dec 31
Hartford Insurance reported revenue of $1.5B in the fiscal year ended Dec 2025, up 3.3% from the year before. Net income was $3.8B. Operating cash flow of $5.9B less capital expenditure of $169M left free cash flow of $5.8B. Net debt was $4.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $1.4B | $1.5B | $1.5B |
| Selling, general & admin | $4.8B | $4.8B | $4.9B | $5.3B | $5.6B |
| Interest expense | $234M | $213M | $199M | $199M | $199M |
| Pre-tax income | $2.9B | $2.3B | $3.1B | $3.8B | $4.8B |
| Income tax | $534M | $443M | $584M | $738M | $924M |
| Net income | $2.4B | $1.8B | $2.5B | $3.1B | $3.8B |
| Diluted EPS | 6.64 | 5.46 | 7.97 | 10.35 | 13.32 |
| Diluted shares | 354M | 330M | 312M | 299M | 287M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $337M | $344M | $189M | $234M | $166M |
| Net PP&E | $1B | $927M | $896M | $888M | $924M |
| Goodwill | $1.9B | $1.9B | $1.9B | $1.9B | $1.6B |
| Total assets | $76.6B | $73B | $76.8B | $80.9B | $86B |
| Short-term debt | $0 | – | – | – | – |
| Long-term debt | $4.9B | $4.4B | $4.4B | $4.4B | $4.4B |
| Total liabilities | $58.7B | $59.3B | $61.5B | $64.5B | $67.1B |
| Shareholders' equity | $17.8B | $13.7B | $15.3B | $16.4B | $19B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $4.1B | $4B | $4.2B | $5.9B | $5.9B |
| Capital expenditure | $133M | $175M | $215M | $145M | $169M |
| Free cash flow | $4B | $3.8B | $4B | $5.8B | $5.8B |
| Depreciation & amortisation | $282M | $213M | $204M | $177M | $187M |
| Stock-based compensation | $128M | $131M | $125M | $133M | $141M |
| Acquisitions | $0 | – | – | – | – |
| Share buybacks | $1.7B | $1.6B | $1.4B | $1.5B | $1.6B |
| Dividends paid | $485M | $506M | $528M | $556M | $592M |
| Dividend per share | 1.44 | 1.58 | 1.75 | 1.93 | 2.16 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −9.3% | −2.9% | 5.5% | 3.3% |
| EPS growth (YoY) | – | −17.8% | 46.0% | 29.9% | 28.7% |
| Net margin | 151.1% | 127.8% | 181.2% | 213.4% | 254.7% |
| Return on equityBlank when equity is negative | 13.3% | 13.3% | 16.3% | 18.9% | 20.2% |
| Free cash flow margin | 252.4% | 269.4% | 289.8% | 395.3% | 382.0% |
| Cash conversion (CFO ÷ net income) | 1.73x | 2.20x | 1.69x | 1.90x | 1.54x |
| Debt ÷ equity | 0.28x | 0.32x | 0.28x | 0.27x | 0.23x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $4.6B | $4B | $4.2B | $4.1B | $4.2B |
Recent filings
More in Fire, Marine & Casualty Insurance
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.