Hartford Financial Services Group Full Year 2024 Earnings: EPS Beats Expectations

Hartford Financial Services Group (NYSE:HIG) Full Year 2024 Results

Key Financial Results

• Revenue: US$26.5b (up 8.1% from FY 2023).
• Net income: US$3.09b (up 24% from FY 2023).
• Profit margin: 12% (up from 10% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$10.51 (up from US$8.09 in FY 2023).

HIG Profitability Indicators

• Combined ratio: 93.2% (down from 94.9% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hartford Financial Services Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Hartford Financial Services Group's balance sheet.

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