Hartford Insurance Group (HIG) FY2018 results: revenue $19.0 billion, up 10.4% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $19.0 billion for fiscal 2018, the year ended 31 December 2018, up 10.4% on the year before. Net income was $1.8 billion, and diluted earnings per share $4.95. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$19.0 billion
+10.4% on the year
FY2011FY2018
Operating margin
9.2%
4.2% a year earlier
FY2011FY2018
Net income
$1.8 billion
FY2011FY2018
Diluted EPS
$4.95
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
18,955
17,162
16,291
+10.4%
Selling, general and administrative
4,281
n/a
n/a
Operating income
1,753
723
447
+142.5%
Operating margin
9.2%
4.2%
2.7%
Interest expense
298
316
327
-5.7%
Pre-tax income
1,753
723
447
+142.5%
Income tax
268
985
-166
-72.8%
Effective tax rate
15.3%
136.2%
-37.1%
Net income
1,807
-3,131
896
Net margin
9.5%
-18.2%
5.5%
Diluted EPS
$4.95
-$8.61
$2.27
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,843
2,186
2,066
+30.1%
Capital expenditure
122
250
224
-51.2%
Free cash flow
2,721
1,936
1,842
+40.5%
Free cash flow margin
14.4%
11.3%
11.3%
Cash from investing
-1,962
-1,442
949
Cash from financing
-1,467
-979
-2,541
Depreciation and amortisation
232
197
186
+17.8%
Share-based compensation
130
116
81.0
+12.1%
Buybacks
0.0
1,028
1,330
Dividends paid
379
341
334
+11.1%
Dividend per share
$1.10
$0.94
$0.86
+17.0%
Diluted shares, weighted
364m
364m
395m
+0.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
13,101
13,494
16,903
-2.9%
Debt
4,678
4,998
4,909
-6.4%
Other liabilities
44,528
206,768
202,764
-78.5%
Total liabilities and equity
62,307
225,260
224,576
-72.3%
Fixed assets
1,006
1,034
991
-2.7%
Goodwill
1,290
1,290
567
0.0%
Intangible assets
657
659
44.0
-0.3%
Investments
n/a
n/a
3,244
Securities held for sale or to maturity
35,652
36,964
n/a
-3.5%
Cash and equivalents
121
180
328
-32.8%
Other assets
23,581
185,133
219,402
-87.3%
Total assets
62,307
225,260
224,576
-72.3%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.