Hartford Insurance Group (HIG) FY2012 results: revenue $22.1 billion, up 1.6% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $22.1 billion for fiscal 2012, the year ended 31 December 2012, up 1.6% on the year before. Net income was -$38 million, and diluted earnings per share $-0.18. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$22.1 billion
+1.6% on the year
FY2007FY2012
Operating margin
-0.4%
0.9% a year earlier
FY2007FY2012
Net income
-$38 million
FY2007FY2012
Diluted EPS
-$0.18
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
22,086
21,733
21,770
+1.6%
Operating income
-89.0
200
2,264
Operating margin
-0.4%
0.9%
10.4%
Interest expense
457
508
508
-10.0%
Pre-tax income
-89.0
200
2,272
Income tax
-309
-373
568
Effective tax rate
n/a
-186.5%
25.0%
Net income
-38.0
712
1,636
Net margin
-0.2%
3.3%
7.5%
Diluted EPS
-$0.18
$1.30
$2.49
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
2,681
2,274
3,309
+17.9%
Capital expenditure
66.0
n/a
n/a
Free cash flow
2,615
n/a
n/a
Free cash flow margin
11.8%
n/a
n/a
Cash from investing
-2,557
-1,182
-434
Cash from financing
-228
-609
-2,955
Depreciation and amortisation
183
216
276
-15.3%
Share-based compensation
95.0
53.0
94.0
+79.2%
Buybacks
154
n/a
n/a
Dividends paid
175
153
85.0
+14.4%
Dividend per share
$0.40
$0.40
$0.20
0.0%
Diluted shares, weighted
438m
478m
482m
-8.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
22,447
21,486
18,754
+4.5%
Non-controlling interest
n/a
n/a
0.0
Deposits
n/a
n/a
233
Short-term borrowings
n/a
0.0
n/a
Debt
7,126
6,216
6,207
+14.6%
Other liabilities
268,940
274,907
293,152
-2.2%
Total liabilities and equity
298,513
302,609
318,346
-1.4%
Fixed assets
977
1,029
1,150
-5.1%
Goodwill
654
1,006
1,051
-35.0%
Intangible assets
49.0
55.0
64.0
-10.9%
Securities held for sale or to maturity
85,922
81,809
77,820
+5.0%
Cash and equivalents
2,421
2,581
2,062
-6.2%
Other assets
208,490
216,129
236,199
-3.5%
Total assets
298,513
302,609
318,346
-1.4%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.