Hartford Insurance Group (HIG) FY2021 results: revenue $22.4 billion, up 9.1% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $22.4 billion for fiscal 2021, the year ended 31 December 2021, up 9.1% on the year before. Net income was $2.4 billion, up 36.5%, and diluted earnings per share $6.64. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$22.4 billion
+9.1% on the year
FY2014FY2021
Operating margin
12.9%
10.3% a year earlier
FY2014FY2021
Net income
$2.4 billion
+36.5% on the year
FY2014FY2021
Diluted EPS
$6.64
+39.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,093
3,871
3,489
+5.7%
Capital expenditure
133
114
105
+16.7%
Free cash flow
3,960
3,757
3,384
+5.4%
Free cash flow margin
17.7%
18.3%
16.3%
Cash from investing
-2,466
-2,066
-2,148
Cash from financing
-1,581
-1,778
-1,191
Depreciation and amortisation
282
271
283
+4.1%
Share-based compensation
128
116
125
+10.3%
Buybacks
1,702
150
200
+1,034.7%
Dividends paid
485
457
433
+6.1%
Dividend per share
$1.44
$1.30
$1.20
+10.8%
Diluted shares, weighted
354m
361m
365m
-1.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
17,805
18,556
16,270
-4.0%
Debt
4,944
4,352
4,848
+13.6%
Other liabilities
53,829
51,203
49,699
+5.1%
Total liabilities and equity
76,578
74,111
70,817
+3.3%
Fixed assets
1,027
1,122
1,181
-8.5%
Goodwill
1,911
1,911
1,913
0.0%
Intangible assets
858
950
1,070
-9.7%
Securities held for sale or to maturity
42,847
45,035
42,148
-4.9%
Cash and equivalents
337
239
262
+41.0%
Other assets
29,598
24,854
24,243
+19.1%
Total assets
76,578
74,111
70,817
+3.3%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.