10-QPeriod: Q2 FY2026

HARTFORD INSURANCE GROUP, INC. Quarterly Report for Q2 Ended Jun 30, 2026

Filed July 23, 2026For Securities:HIGHIG-PG

Summary

The Hartford Insurance Group, Inc. (HIG) reported a strong financial performance for the six months ended June 30, 2026. Net income available to common stockholders surged by 33% to $2.14 billion, driven by a significant increase in income from discontinued operations, largely due to a tax benefit related to the sale of Hartford Funds, and higher net investment income. Earned premiums across segments showed growth, with Business Insurance up 7% and Employee Benefits up 5%, reflecting pricing increases and new business sales. While the Property & Casualty combined ratio slightly deteriorated due to less favorable prior accident year reserve development and higher underlying loss ratios in Business Insurance, the Personal Insurance segment saw an improved combined ratio. The company's investment portfolio, despite market headwinds impacting fixed maturities, benefited from strong performance in limited partnerships and alternative investments, contributing to a 17% increase in net investment income for the six-month period. The company also continued its commitment to shareholder returns, repurchasing $900 million in common stock during the period.

Key Highlights

  • 1Net income available to common stockholders increased by 33% to $2.14 billion for the six months ended June 30, 2026, compared to the prior year period.
  • 2Earned premiums grew by 5% to $12.42 billion for the six months ended June 30, 2026, with notable strength in Business Insurance (+7%) and Employee Benefits (+5%).
  • 3Net investment income increased by 17% to $1.53 billion for the six months ended June 30, 2026, driven by higher income from alternative investments and improved yields.
  • 4The company recognized a significant benefit from discontinued operations due to the pending sale of Hartford Funds, contributing to the overall earnings growth.
  • 5Property & Casualty combined ratio saw a slight deterioration, increasing to 93.1% for the six months ended June 30, 2026, mainly due to less favorable prior accident year reserve development and higher underlying loss ratios in Business Insurance.
  • 6The company repurchased $900 million of its common stock during the first six months of 2026, demonstrating a commitment to returning capital to shareholders.
  • 7The company's financial strength ratings remain robust, with A.M. Best, Standard & Poor's, and Moody's providing favorable assessments of its insurance subsidiaries and senior debt.

Frequently Asked Questions

The primary driver of the increase in net income for the six months ended June 30, 2026, was a significant rise in income from discontinued operations, largely due to a $251 million income tax benefit related to the pending sale of Hartford Funds. Higher net investment income also contributed positively to the results.

Earned premiums showed growth across most segments. Business Insurance saw a 7% increase, driven by pricing increases and new business. Employee Benefits earned premiums increased by 5% due to higher new business sales and persistency. Personal Insurance experienced a slight decrease of 1% due to a decline in automobile premiums, partially offset by homeowners' growth.

The Hartford repurchased $900 million of common stock in the first six months of 2026. The Board of Directors has approved a new share repurchase authorization of up to $4.2 billion effective from August 1, 2026, to December 31, 2028, with the majority expected to be utilized in 2027 and 2028. The timing of repurchases remains dependent on market conditions, capital position, and other considerations.

The sale of Hartford Funds, classified as discontinued operations, significantly boosted net income. This was primarily due to a $251 million deferred tax asset recognized in the second quarter of 2026. The company expects to recognize an estimated after-tax realized loss of approximately $150 upon closing, which is anticipated in the first quarter of 2027.