The Hartford Insurance Group (HIG) Q1 2026 earnings summary

Executive summary

• Core earnings reached $866 million in Q1 2026, up 36% year-over-year, with EPS of $3.09 and trailing 12-month core earnings ROE of 20.3%.

• Net income available to common stockholders rose 36% to $851 million, driven by premium growth, improved investment income, and lower catastrophe losses.

• Book value per diluted share increased 17% year-over-year to $66.58; excluding AOCI, it rose 14% to $75.25.

• Returned $617 million to stockholders in Q1 2026 through $450 million in share repurchases and $167 million in dividends.

• Strong performance attributed to underwriting discipline, technology-driven execution, and robust segment contributions.

Financial highlights

• Net written premiums in P&C grew 4% year-over-year to $4.8 billion; Business Insurance premiums up 6%.

• Net investment income rose 13% to $739 million, driven by higher alternative investment returns and asset growth.

• Core earnings per diluted share increased 40% to $3.09; net income per diluted share up 41% to $3.04.

• Property & Casualty combined ratio improved to 92.6 from 96.9, reflecting lower catastrophe losses and improved loss ratios.

• Book value per diluted share (ex. AOCI) increased 14% year-over-year to $75.25.

Outlook and guidance

• Management expects net investment income to increase in 2026, with portfolio yields in line with 2025, but notes variability from market conditions.

• Premium growth anticipated to continue, supported by pricing actions and new business across segments.

• Focus remains on underwriting excellence, risk management, and investing in differentiating capabilities for profitable growth.

• Retention in personal insurance expected to improve as pricing moderates.