Hartford Insurance Group (HIG) FY2015 results: revenue $16.0 billion, down 14.1% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $16.0 billion for fiscal 2015, the year ended 31 December 2015, down 14.1% on the year before. Net income was $1.7 billion, up 110.8%, and diluted earnings per share $3.96. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$16.0 billion
-14.1% on the year
FY2008FY2015
Operating margin
9.2%
9.1% a year earlier
FY2008FY2015
Net income
$1.7 billion
+110.8% on the year
FY2008FY2015
Diluted EPS
$3.96
+128.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
15,997
18,614
20,673
-14.1%
Operating income
1,478
1,699
1,471
-13.0%
Operating margin
9.2%
9.1%
7.1%
Interest expense
346
376
397
-8.0%
Pre-tax income
1,478
1,699
1,471
-13.0%
Income tax
289
350
246
-17.4%
Effective tax rate
19.6%
20.6%
16.7%
Net income
1,682
798
176
+110.8%
Net margin
10.5%
4.3%
0.9%
Diluted EPS
$3.96
$1.73
$0.34
+128.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,756
1,886
1,237
+46.1%
Capital expenditure
307
121
64.0
+153.7%
Free cash flow
2,449
1,765
1,173
+38.8%
Free cash flow margin
15.3%
9.5%
5.7%
Cash from investing
485
1,696
3,745
-71.4%
Cash from financing
-3,144
-4,476
-5,820
Depreciation and amortisation
164
198
174
-17.2%
Share-based compensation
7.0
0.0
1.0
Buybacks
1,250
1,796
600
-30.4%
Dividends paid
316
282
202
+12.1%
Dividend per share
$0.78
$0.66
$0.50
+18.2%
Diluted shares, weighted
425m
460m
484m
-7.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
17,642
18,720
18,905
-5.8%
Debt
5,359
6,109
6,544
-12.3%
Other liabilities
205,347
220,184
252,435
-6.7%
Total liabilities and equity
228,348
245,013
277,884
-6.8%
Fixed assets
974
831
877
+17.2%
Goodwill
498
498
498
0.0%
Investments
1,843
4,883
4,008
-62.3%
Cash and equivalents
143
141
1,428
+1.4%
Other assets
224,890
238,660
271,073
-5.8%
Total assets
228,348
245,013
277,884
-6.8%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.