HFF Balance Sheet - Hartford Insurance Group Inc

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Price: 122.94 EUR Market Closed

Market Cap: €36.4B

Financial profile · Q3 FY2026

A growing insurer with expanding margins but reserve-sensitive reported earnings

The multi-year record shows revenue expanding while operating income grew faster, but results remain exposed to underwriting losses, catastrophe claims, and reserve revisions. Its investment-heavy balance sheet supports insurance operations, while recurring repurchases have reduced the common share count.

What is developing

The latest quarter continued revenue growth and showed a sharp rise in operating income, but reported earnings included a sizable non-core gain from an asbestos and environmental reserve-cover commutation while core earnings declined year over year. That makes the quarter a meaningful earnings development, not clear evidence of a changed underlying model.

What matters next

Whether core earnings and underlying combined ratios improve without another benefit from the reserve-cover commutation.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	328m	180m	121m	185m	151m	205m	229m	126m	183m	133m
Cash	328m	180m	121m	185m	151m	205m	229m	126m	183m	133m
Insurance Receivable	3.7B	3.9B	4B	4.4B	4.3B	4.4B	4.9B	5.6B	6B	6.3B
Deferred Policy Acquisition Cost	645m	650m	670m	785m	789m	881m	998m	1.1B	1.2B	1.3B
PP&E Net	991m	1B	1B	1.2B	1.1B	1B	927m	896m	888m	931m
PP&E Gross	991m	1B	1B	1.2B	1.1B	1B	—	896m	888m	931m
Accumulated Depreciation	(2.5B)	(2.6B)	(1.6B)	(1.9B)	(2.1B)	(2.3B)	—	(2.4B)	(2.5B)	(2.6B)
Intangible Assets	44m	659m	657m	1.1B	950m	858m	778m	707m	637m	566m
Goodwill	567m	1.3B	1.3B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B
Long-Term Investments	39.8B	45.1B	46.8B	53B	56.5B	57.7B	52.6B	55.9B	59.2B	64B
Other Long-Term Assets	172B	166.1B	1.2B	376m	311m	402m	1.6B	1.2B	1.3B	945m
Other Assets	7.1B	7.6B	7.8B	9.8B	10B	11B	11B	11.2B	11.5B	11.8B
Total Assets	224.6B	225.3B	62.3B	70.8B	74.1B	76.6B	73B	76.8B	80.9B	86B
Insurance Policy Liabilities	34.6B	39.1B	39.7B	44.5B	45.8B	48.1B	50.2B	52B	55.1B	57.4B
Accrued Liabilities	—	—	—	201m	221m	184m	—	144m	145m	169m
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	416m	320m	413m	500m	0	—	—	—	—	—
Total Current Liabilities	416m	320m	413m	701m	221m	184m	—	144m	145m	169m
Long-Term Debt	4.5B	4.7B	4.3B	4.3B	4.4B	4.9B	4.4B	4.4B	4.4B	4.4B
Other Liabilities	168.1B	167.6B	4.8B	5B	5.2B	5.5B	4.8B	4.9B	4.9B	5.1B
Total Liabilities	207.7B	211.8B	49.2B	54.5B	55.6B	58.7B	59.3B	61.5B	64.5B	67B
Common Stock	4m	4m	338m	338m	338m	338m	337m	337m	337m	337m
Retained Earnings	13.1B	9.6B	11.1B	12.7B	13.9B	15.8B	17.1B	19B	21.5B	24.7B
Additional Paid In Capital	5.2B	4.4B	4.4B	4.3B	4.3B	3.3B	1.9B	648m	578m	549m
Unrealized Security Profit/Loss	1.3B	1.9B	24m	1.7B	2.8B	1.6B	(2.6B)	(1.5B)	(1.5B)	(644m)
Treasury Stock	(1.1B)	(1.2B)	(1.1B)	(1.1B)	(1.2B)	(1.7B)	(1.8B)	(1.8B)	(3.1B)	(4.6B)
Other Equity	(1.6B)	(1.3B)	(1.6B)	(1.6B)	(1.7B)	(1.4B)	(1.2B)	(1.4B)	(1.3B)	(1.4B)
Total Equity	16.9B	13.5B	13.1B	16.3B	18.6B	17.8B	13.7B	15.3B	16.4B	19B
Total Liabilities & Equity	224.6B	225.3B	62.3B	70.8B	74.1B	76.6B	73B	76.8B	80.9B	86B
Common Shares Outstanding	355.9m	356.8m	359.2m	359.6m	358.5m	334.9m	315.1m	298.5m	287.6m	276.9m
Preferred Shares Outstanding	—	—	14k	14k	14k	14k	14k	14k	14k	14k