HARTFORD FINANCIAL SERVICES GROUP INC

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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FY2023 · Filed Feb 23, 2024

HIG$134.86+0.6%Stored close · as of Nov 9, 2026

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Contents

Financial Highlights

Table of Contents	Index to MD&A

2023 FINANCIAL HIGHLIGHTS

Net Income Available to Common Stockholders	Net Income Available to Common Stockholders per Diluted Share	Book Value per Diluted Share

Ý	Increased $685 or 38%		Ý	Increased $2.51 or 46%		Ý	Increased $7.76 or 19%
+	Lower net realized losses		+	Increase in net income available to common stockholders		+	Net income in excess of common stockholder dividends
+	The effect of higher earned premiums in P&C and GB
	+	Reduction in outstanding shares due to share repurchases		+	An increase in AOCI, primarily driven by a decrease in net unrealized losses on AFS securities
+	Lower group life and group disability loss ratios
+	Higher net investment income						-	Dilutive effect of share repurchases
-	A higher current accident year loss ratio before catastrophes in Personal Lines
-	Higher current accident year catastrophe losses in P&C

Investment Yield, After Tax	Property & Casualty Combined Ratio	Group Benefits Net Income Margin

Ý	Increased 10 bps		Ý	Deteriorated 0.3 points		Ý	Increased 2.6 points
+	A higher yield on fixed maturity securities due to reinvesting at higher rates and an increased yield on variable-rate securities		+	Higher personal automobile loss costs, driven by severity		+	Lower group life and group disability loss ratios
	-	A lower expense ratio primarily driven by higher earned premium and lower marketing spend in Personal Lines		+	Effect of higher fully insured ongoing premiums, including a lower expense ratio
-	Lower returns on limited partnerships and other alternative investments
			+	Lower net realized losses
				-	Lower net investment income

ContentsView on SEC.gov

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