HIG · The Hartford Financial Services Group, Inc.

The Hartford delivered strong Q1 2026 results with net income available to common stockholders of $851 million, up 36% from $625 million in Q1 2025, driven by lower P&C current accident year (CAY) catastrophe losses of $230 million before tax versus $467 million last year, higher net investment income of $739 million from increased limited partnerships income and higher reinvestment rates, earned premium growth particularly in P&C, and improvements in Personal Insurance underlying loss ratio. Core earnings rose 36% to $866 million, reflecting underwriting discipline and premium momentum. Business Insurance saw 6% written premium growth to $3.9 billion, with underlying combined ratio of 89.2, supported by flat underlying loss ratio at 57.2% but offset by shift to unfavorable prior year development (PYD) including $70 million general liability reserve increase for legacy sexual molestation exposures. Personal Insurance underlying combined ratio improved 4.7 points to 85.0 on better auto and homeowners loss ratios, despite 6% written premium decline amid competition. Employee Benefits core earnings margin was 6.9%, with life loss ratio improvement offset by higher disability losses and expense ratio increase to 26.7% from staffing and tech investments. Management highlighted ongoing momentum, underwriting discipline, and technology investments positioning the company well. Trailing 12-month core ROE reached 20.3%, up 4.1 points YoY. The company returned $617 million to shareholders, including $450 million in repurchases, underscoring capital strength with book value per diluted share ex-AOCI up 2.2% sequentially to $75.25.