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The Hartford Financial Services Group, Inc. - HIG STOCK NEWS

Welcome to our dedicated page for The Hartford Financial Services Group news (Ticker: HIG), a resource for investors and traders seeking the latest updates and insights on The Hartford Financial Services Group stock.

The Hartford Financial Services Group, Inc. (NYSE: HIG) is a prominent player in the insurance and financial services industry, boasting over 200 years of experience. The company delivers a diverse range of products and services, including property and casualty insurance, group benefits, and mutual funds. It operates primarily through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Hartford Funds, along with a Corporate category.

Recognized for its commitment to service excellence, The Hartford has earned a reputation for trust and integrity. The company's sustainability practices further underscore its dedication to responsible corporate citizenship. Customers can learn more about the company's offerings and financial performance through its official website, www.thehartford.com, which also features information about various accolades and recognitions awarded to The Hartford and its employees.

One of the company’s recent initiatives includes its involvement with the National Commission on Climate and Workforce Health. This collaboration aims to build climate-resilient workforces by addressing the long-term health risks posed by climate change. As part of this effort, The Hartford, in partnership with other prominent organizations, is spearheading efforts to help businesses understand and mitigate climate-related health risks impacting their employees.

Financially, The Hartford remains robust, with a strong portfolio that continues to support both individual and corporate clients. The company's commitment to innovation and strategic partnerships positions it well to navigate the evolving landscape of the financial services sector.

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The Hartford reported a net income of $542 million ($1.73 per diluted share) for Q2 2023, a 23% increase from the same period last year. Property & Casualty written premiums rose 11% and Group Benefits fully insured ongoing premiums grew by 7%. The company returned $484 million to stockholders in Q2, including $350 million in share repurchases.
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The Hartford (HIG) Declares Dividends on Common Stock and Series G Preferred Stock
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The Hartford will host a virtual annual meeting of shareholders on May 17. Shareholders can attend, vote shares, and submit questions online. Shareholders of record can also vote or submit questions in advance. A replay of the meeting will be available for 30 days.
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The Hartford (NYSE: HIG) reported preliminary earnings for Q1 2023, revealing a net income of $530 million ($1.66 per diluted share) and core earnings of $536 million ($1.68 per diluted share). The company's results included $185 million in catastrophe (CAT) losses due to winter storms and severe weather. The Commercial Lines combined ratio was reported at 92.7 with an underlying combined ratio of 88.5, while Personal Lines combined ratio was 106.1, impacted by increased auto-related losses. The Hartford generated $515 million in consolidated net investment income before tax and repurchased 4.7 million shares for $350 million. Full Q1 financial results will be disclosed on April 27, 2023.

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The Hartford has announced a $3.5 million donation over three years to Move United, aimed at enhancing access to adaptive sports for individuals with disabilities. This initiative is part of The Hartford's long-standing commitment to the adaptive sports community. The funds will support ongoing equipment donations, an Adaptive Sports Competition Series, and the title sponsorship of the Hartford Nationals, which includes five premier events across the U.S. The partnership aims to alleviate the financial burden of adaptive sports equipment and create opportunities for over 11,000 participants. Since 2018, The Hartford has donated more than 5,000 pieces of adaptive sports equipment, positively impacting communities nationwide.

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FAQ

What is the current stock price of The Hartford Financial Services Group (HIG)?

The current stock price of The Hartford Financial Services Group (HIG) is $119.64 as of November 21, 2024.

What is the market cap of The Hartford Financial Services Group (HIG)?

The market cap of The Hartford Financial Services Group (HIG) is approximately 35.2B.

What does The Hartford Financial Services Group, Inc. do?

The company provides property and casualty insurance, group benefits, and mutual fund services.

What are the main segments of The Hartford's operations?

The company's operations include Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Hartford Funds.

Where can I find more information about The Hartford's financial performance?

You can find detailed financial performance information on their official website at www.thehartford.com.

How long has The Hartford been in business?

The Hartford has over 200 years of experience in the insurance and financial services industry.

What recognition has The Hartford received?

The Hartford is widely recognized for its service excellence, sustainability practices, trust, and integrity.

What is the National Commission on Climate and Workforce Health?

It is an initiative partnered by The Hartford to address climate-related health risks and build climate-resilient workforces.

How does The Hartford support sustainability?

The company actively engages in sustainable practices and has earned recognition for its corporate responsibility efforts.

What recent projects has The Hartford been involved in?

One notable project is its collaboration with the National Commission on Climate and Workforce Health.

How can businesses benefit from The Hartford's services?

Businesses can leverage The Hartford's insurance and financial services to manage risks, provide employee benefits, and ensure financial stability.

Where is The Hartford headquartered?

The Hartford is headquartered in Hartford, Connecticut.

The Hartford Financial Services Group, Inc.

NYSE:HIG

HIG Rankings

HIG Stock Data

35.24B
288.99M
0.28%
94.23%
0.97%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
HARTFORD