Hartford Insurance Group (HIG) FY2017 results: revenue $17.2 billion, up 5.3% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $17.2 billion for fiscal 2017, the year ended 31 December 2017, up 5.3% on the year before. Net income was -$3.1 billion, and diluted earnings per share $-8.61. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$17.2 billion
+5.3% on the year
FY2010FY2017
Operating margin
4.2%
2.7% a year earlier
FY2010FY2017
Net income
-$3.1 billion
FY2010FY2017
Diluted EPS
-$8.61
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
17,162
16,291
15,997
+5.3%
Operating income
723
447
1,478
+61.7%
Operating margin
4.2%
2.7%
9.2%
Interest expense
316
327
346
-3.4%
Pre-tax income
723
447
1,478
+61.7%
Income tax
985
-166
289
Effective tax rate
136.2%
-37.1%
19.6%
Net income
-3,131
896
1,682
Net margin
-18.2%
5.5%
10.5%
Diluted EPS
-$8.61
$2.27
$3.96
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,186
2,066
2,756
+5.8%
Capital expenditure
250
224
307
+11.6%
Free cash flow
1,936
1,842
2,449
+5.1%
Free cash flow margin
11.3%
11.3%
15.3%
Cash from investing
-1,442
949
485
Cash from financing
-979
-2,541
-3,144
Depreciation and amortisation
197
186
164
+5.9%
Share-based compensation
116
81.0
7.0
+43.2%
Buybacks
1,028
1,330
1,250
-22.7%
Dividends paid
341
334
316
+2.1%
Dividend per share
$0.94
$0.86
$0.78
+9.3%
Diluted shares, weighted
364m
395m
425m
-7.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
13,494
16,903
17,642
-20.2%
Debt
4,998
4,909
5,359
+1.8%
Other liabilities
206,768
202,764
205,347
+2.0%
Total liabilities and equity
225,260
224,576
228,348
+0.3%
Fixed assets
1,034
991
974
+4.3%
Goodwill
1,290
567
498
+127.5%
Intangible assets
659
44.0
n/a
+1,397.7%
Investments
n/a
3,244
1,843
Securities held for sale or to maturity
36,964
n/a
n/a
Cash and equivalents
180
328
143
-45.1%
Other assets
185,133
219,402
224,890
-15.6%
Total assets
225,260
224,576
228,348
+0.3%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.