Hartford Insurance Group third-quarter profit rises 23% to $1.3 billion, lifts dividend 12%

The Hartford Insurance Group, Inc. (HIG) reported third-quarter net income available to common stockholders of $1.3 billion, or $4.82 per diluted share, up 23% from a year earlier.

The company said in a regulatory filing that results for the quarter ended Sept. 30, 2026 appear in a news release and an Investor Financial Supplement.

Here's how the company did:

• Net income available to common stockholders: $1,317 million, or $4.82 per diluted share, vs. $1,074 million, or $3.77, a year earlier
• Core earnings: $956 million, or $3.50 per diluted share, vs. $1,022 million, or $3.59, a year earlier
• Total revenues: $7,220 million vs. $6,946 million a year earlier

Core earnings, a non-GAAP measure the company uses to track its ongoing businesses, were $956 million, or $3.50 per diluted share. That is down 6% from $1,022 million, or $3.59 per diluted share, a year earlier.

Return on equity for the trailing 12 months was 25.0% on a net income basis, up 4.7 points from 20.3% a year earlier. Core earnings ROE, which excludes accumulated other comprehensive income, was 17.9%, up 0.6 points from 17.3%.

Net investment income rose to $850 million from $755 million, driven by higher income from limited partnerships and other alternative investments, or LPs, and a larger level of invested assets. LP income was $156 million, up from $91 million.

Net realized losses were $116 million, compared with $17 million a year earlier, primarily from losses on interest rate derivatives.

Net favorable prior accident year development was $594 million before tax. That figure includes a $497 million net gain from commuting the asbestos and environmental adverse development cover, or A&E ADC.

The company said the commutation was made under a Reinsurance Commutation and Release Agreement with National Indemnity Company, a subsidiary of Berkshire Hathaway Inc. The agreement terminated the A&E ADC and resolved an associated arbitration dispute.

Property & Casualty current accident year catastrophe losses were $198 million before tax, up from $70 million, primarily from tornado, wind and hail events.

Chairman and CEO Christopher Swift said, "The Hartford delivered another quarter of strong results in an increasingly competitive market."

Here's how the segments did during the quarter:

• Business Insurance: net income $637 million vs. $710 million; core earnings $731 million vs. $723 million
• Personal Insurance: net income $93 million vs. $139 million; core earnings $105 million vs. $143 million
• Employee Benefits: net income $132 million vs. $144 million; core earnings $120 million vs. $149 million

Business Insurance written premiums were $3.8 billion, up 6% from a year earlier. The segment's combined ratio rose to 91.3 from 88.8.

Personal Insurance written premiums fell 4% to $950 million from $987 million. Automobile earned premium declined 8%, while homeowners earned premium grew 5%, including 20% new business growth.

Employee Benefits fully insured ongoing premiums rose 4% to $1,662 million. Its loss ratio increased to 74.9 from 70.1.

Dividend and capital return

The company raised its quarterly common dividend per share 12%, to 67 cents, payable Jan. 5, 2027, to shareholders of record at the close of business on Dec. 1, 2026.

Chief Financial Officer Beth Costello said, "Building on our consistent track record of annual dividend increases, we are pleased to announce a 12 percent increase in the common quarterly dividend."

The company returned $638 million to stockholders in the quarter. That included $475 million of shares repurchased and $163 million in common stockholder dividends paid.

Hartford Funds sale

On June 3, 2026, the company agreed to sell Hartford Funds Management, Inc. The filing does not give a sale price.

Hartford Funds is reported as discontinued operations. Its results are included in net income but not in core earnings, and income from discontinued operations was $61 million.

Leadership transition

Mo Tooker will succeed Christopher Swift as CEO on March 1, as previously announced. Swift will then become Executive Chair and plans to step down from that role in the second half of 2027.

The company will discuss the results on a webcast at 9:00 a.m. EDT on Tuesday, Oct. 27, 2026. A replay will be available on its investor relations website.