Hartford Insurance Group (HIG) FY2022 results: revenue $22.4 billion, down 0.1% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $22.4 billion for fiscal 2022, the year ended 31 December 2022, down 0.1% on the year before. Net income was $1.8 billion, down 23.3%, and diluted earnings per share $5.46. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$22.4 billion
-0.1% on the year
FY2015FY2022
Operating margin
10.1%
12.9% a year earlier
FY2015FY2022
Net income
$1.8 billion
-23.3% on the year
FY2015FY2022
Diluted EPS
$5.46
-17.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,008
4,093
3,871
-2.1%
Capital expenditure
175
133
114
+31.6%
Free cash flow
3,833
3,960
3,757
-3.2%
Free cash flow margin
17.1%
17.7%
18.3%
Cash from investing
-1,277
-2,466
-2,066
Cash from financing
-2,710
-1,581
-1,778
Depreciation and amortisation
213
282
271
-24.5%
Share-based compensation
131
128
116
+2.3%
Buybacks
1,550
1,702
150
-8.9%
Dividends paid
506
485
457
+4.3%
Dividend per share
$1.58
$1.44
$1.30
+9.7%
Diluted shares, weighted
330m
354m
361m
-6.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
13,676
17,805
18,556
-23.2%
Debt
4,357
4,944
4,352
-11.9%
Other liabilities
54,989
53,829
51,203
+2.2%
Total liabilities and equity
73,022
76,578
74,111
-4.6%
Fixed assets
927
1,027
1,122
-9.7%
Goodwill
1,911
1,911
1,911
0.0%
Intangible assets
778
858
950
-9.3%
Securities held for sale or to maturity
36,231
42,847
45,035
-15.4%
Cash and equivalents
344
337
239
+2.1%
Other assets
32,831
29,598
24,854
+10.9%
Total assets
73,022
76,578
74,111
-4.6%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.