HARTFORD INSURANCE GROUP, INC.
For the period ended Sep 30, 2026. Filed Oct 26, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Personal Insurance
| Table of Contents | Index to MD&A |
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Personal Insurance - Results of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| 2026 | 2025 | Change | 2026 | 2025 | Change | |
| Written premiums | $950 | $987 | (4%) | $2,727 | $2,880 | (5)% |
| Change in unearned premium reserve | 36 | 37 | (3%) | 1 | 100 | (99)% |
| Earned premiums | 914 | 950 | (4%) | 2,726 | 2,780 | (2)% |
| Fee income | 7 | 8 | (13%) | 22 | 24 | (8)% |
| Losses and loss adjustment expenses | ||||||
| Current accident year before catastrophes | 558 | 610 | (9%) | 1,627 | 1,758 | (7)% |
| Current accident year catastrophes [1] | 92 | 31 | 197% | 244 | 316 | (23)% |
| Prior accident year development [1] | (36) | (43) | 16% | (130) | (123) | (6)% |
| Total losses and loss adjustment expenses | 614 | 598 | 3% | 1,741 | 1,951 | (11)% |
| Amortization of DAC | 70 | 72 | (3%) | 211 | 210 | —% |
| Insurance operating costs | 174 | 180 | (3%) | 529 | 534 | (1)% |
| Amortization of other intangible assets | 1 | 1 | —% | 2 | 2 | —% |
| Underwriting gain | 62 | 107 | (42%) | 265 | 107 | 148% |
| Net investment income [2] | 67 | 67 | —% | 196 | 182 | 8% |
| Net realized losses [2] | (15) | (4) | NM | (15) | (10) | (50)% |
| Net servicing and other income (expense) [3] | 5 | 4 | 25% | 10 | 14 | (29)% |
| Income before income taxes | 119 | 174 | (32%) | 456 | 293 | 56% |
| Income tax expense [4] | 26 | 35 | (26%) | 94 | 58 | 62% |
| Net income | $93 | $139 | (33%) | $362 | $235 | 54% |
[1]For additional information on current accident year catastrophes and prior accident year development, see MD&A - Critical Accounting Estimates, Property & Casualty Insurance Product Reserves, Net of Reinsurance and Note 9 - Reserve for Unpaid Losses and Loss Adjustment Expenses of Notes to Condensed Consolidated Financial Statements.
[3]Includes servicing revenues of $24 and $25 for the three months ended September 30, 2026 and 2025, respectively, and $71 and $69 for the nine months ended September 30, 2026 and 2025, respectively. Includes servicing expenses of $20 and $20 for the three months ended September 30, 2026 and 2025, respectively, and $59 and $55 for the nine months ended September 30, 2026 and 2025, respectively.
[4]For discussion of income taxes, see Note 12 - Income Taxes of Notes to Condensed Consolidated Financial Statements.
Written and Earned Premiums
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| Written Premiums | 2026 | 2025 | Change | 2026 | 2025 | Change |
| Product Line | ||||||
| Automobile | $575 | $633 | (9%) | $1,707 | $1,893 | (10%) |
| Homeowners | 375 | 354 | 6% | 1,020 | 987 | 3% |
| Total | $950 | $987 | (4%) | $2,727 | $2,880 | (5%) |
| Earned Premiums | ||||||
| Product Line | ||||||
| Automobile | $582 | $634 | (8%) | $1,762 | $1,880 | (6%) |
| Homeowners | 332 | 316 | 5% | 964 | 900 | 7% |
| Total | $914 | $950 | (4%) | $2,726 | $2,780 | (2%) |
| Table of Contents | Index to MD&A |
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Premium Measures
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| Premium Measures | 2026 | 2025 | 2026 | 2025 |
| Policies in-force end of period (in thousands) | ||||
| Automobile | 967 | 1,091 | ||
| Homeowners | 702 | 723 | ||
| Net new business premium | ||||
| Automobile | $56 | $71 | $160 | $233 |
| Homeowners | $71 | $59 | $166 | $190 |
| Effective Policy Count Retention | ||||
| Automobile | 82% | 80% | 81% | 79% |
| Homeowners | 81% | 83% | 81% | 83% |
| Renewal written price increase | ||||
| Automobile | 5.1% | 11.3% | 5.8% | 13.6% |
| Homeowners | 7.9% | 12.6% | 9.9% | 12.5% |
| Renewal earned price increase | ||||
| Automobile | 7.1% | 15.4% | 9.2% | 17.6% |
| Homeowners | 11.1% | 13.1% | 11.8% | 13.7% |
Underwriting Ratios
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| Underwriting Ratios | 2026 | 2025 | Change | 2026 | 2025 | Change |
| Loss and loss adjustment expense ratio | 67.2 | 62.9 | 4.3 | 63.9 | 70.2 | (6.3) |
| Expense Ratio | 26.0 | 25.8 | 0.2 | 26.4 | 26.0 | 0.4 |
| Combined Ratio | 93.2 | 88.7 | 4.5 | 90.3 | 96.2 | (5.9) |
| Adjustment to reconcile combined ratio to underlying combined ratio: | ||||||
| Current accident year catastrophes and prior year development | (6.2) | 1.2 | (7.4) | (4.2) | (7.0) | 2.8 |
| Underlying combined ratio | 87.1 | 90.0 | (2.9) | 86.1 | 89.2 | (3.1) |
| Underlying loss and loss adjustment expense ratio | 61.1 | 64.2 | (3.1) | 59.7 | 63.2 | (3.5) |
| Current accident year catastrophes | 10.1 | 3.3 | 6.8 | 9.0 | 11.4 | (2.4) |
| Prior accident year development | (3.9) | (4.5) | 0.6 | (4.8) | (4.4) | (0.4) |
| Total loss and loss adjustment expense ratio | 67.2 | 62.9 | 4.3 | 63.9 | 70.2 | (6.3) |
| Loss and loss adjustment expense ratio | 67.2 | 62.9 | 4.3 | 63.9 | 70.2 | (6.3) |
| Adjustment to reconcile loss and loss adjustment expense ratio to underlying loss and loss adjustment expense ratio: | ||||||
| Current accident year catastrophes and prior year development | (6.2) | 1.2 | (7.4) | (4.2) | (7.0) | 2.8 |
| Underlying loss and loss adjustment expense ratio | 61.1 | 64.2 | (3.1) | 59.7 | 63.2 | (3.5) |
| Table of Contents | Index to MD&A |
|---|
Product Combined Ratios
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|---|
| 2026 | 2025 | Change | 2026 | 2025 | Change | |
| Automobile | ||||||
| Combined ratio | 92.3 | 92.5 | (0.2) | 90.1 | 93.3 | (3.2) |
| Adjustment to reconcile combined ratio to underlying combined ratio: | ||||||
| Current accident year catastrophes | (1.4) | (0.6) | (0.8) | (1.2) | (1.2) | — |
| Prior accident year development | 5.1 | 6.0 | (0.9) | 4.9 | 4.3 | 0.6 |
| Underlying combined ratio | 96.0 | 97.9 | (1.9) | 93.8 | 96.4 | (2.6) |
| Homeowners | ||||||
| Combined ratio | 94.7 | 81.2 | 13.5 | 90.5 | 101.9 | (11.4) |
| Adjustment to reconcile combined ratio to underlying combined ratio: | ||||||
| Current accident year catastrophes | (25.3) | (8.3) | (17.0) | (23.2) | (32.5) | 9.3 |
| Prior accident year development | 2.1 | 1.6 | 0.5 | 4.7 | 4.7 | — |
| Underlying combined ratio | 71.5 | 74.4 | (2.9) | 71.9 | 74.1 | (2.2) |
Net income
Net income decreased for the three month period, largely driven by a lower underwriting gain, as well as an increase in net realized capital losses. Net income increased for the nine month period, largely driven by a higher underwriting gain, as well as higher net investment income, partially offset by an increase in net realized capital losses.
Underwriting gain
Underwriting gain decreased for the three month period due to higher CAY catastrophe losses and less favorable prior year development, partially offset by an improvement in the underlying loss and LAE ratio. Underwriting gain for the nine month period increased due to lower CAY catastrophe losses, more favorable prior year development, and an improvement in the underlying loss and LAE ratio.
Expense ratio increased for the three and nine month periods due to the effect of a decrease in earned premium, as well as a higher commission ratio primarily due to business mix, partially offset by lower underwriting expenses, including lower staffing costs.
| Table of Contents | Index to MD&A |
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Written Premiums
Earned premiums decreased in both the three and nine month periods due to lower earned premiums in automobile, partially offset by higher earned premiums in homeowners.
Written premiums decreased in both the three and nine month periods due to lower written premiums in automobile, partially offset by higher written premiums in homeowners.
Renewal written pricing moderated for both automobile and homeowners in both the three and nine months ended September 30, 2026, primarily in response to moderating loss cost trends.
Effective Policy count retention increased for automobile in both the three and nine months ended September 30, 2026, in response to moderating renewal written pricing increases. Effective policy retention for homeowners declined in both the three and nine month periods, partially driven by renewal written price increases that, while moderating, remain in the high single-digits.
Policies in-force as of September 30, 2026 compared to December 31, 2025 declined for automobile and for homeowners, reflecting the level of new business in relation to non-renewed policies.
Underlying Loss and Loss Adjustment Expense Ratio
Underlying loss and LAE ratio decreased for both automobile and homeowners in both the three and nine months ended September 30, 2026, primarily due to the impact of earned pricing increases outpacing loss cost trends, which moderated slightly compared to prior year. The automobile loss cost trend continues to recognize higher attorney representation rates.
| Table of Contents | Index to MD&A |
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Current Accident Year Catastrophes and Unfavorable (Favorable) Prior Accident Year Development
Current accident year catastrophe losses increased for the three month period and decreased for the nine month period ended. CAY catastrophe losses for both the three and nine months ended September 30, 2026, primarily included losses from tornado, wind and hail events.
CAY catastrophe losses for the three and nine months ended September 30, 2025 included losses from tornado, wind and hail events, and for the nine month period, also included a loss of $109 from the January 2025 California Wildfire Event.
Prior accident year development was favorable for both the three and nine months ended September 30, 2026, primarily driven by lower estimated severity on automobile liability, homeowners, and automobile physical damage and lower estimated allocated loss adjustment expenses. Prior accident year development was favorable for both the three and nine months ended September 30, 2025, primarily driven by lower estimated severity on automobile liability, homeowners, automobile physical damage, and, for the nine month period, catastrophes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.