Hartford Insurance Group (HIG) FY2024 results: revenue $26.5 billion, up 8.2% on the year
Hartford Insurance Group, Inc. (HIG) reported revenue of $26.5 billion for fiscal 2024, the year ended 31 December 2024, up 8.2% on the year before. Net income was $3.1 billion, up 24.2%, and diluted earnings per share $10.35. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$26.5 billion
+8.2% on the year
FY2017FY2024
Operating margin
14.5%
12.6% a year earlier
FY2017FY2024
Net income
$3.1 billion
+24.2% on the year
FY2017FY2024
Diluted EPS
$10.35
+29.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
5,909
4,220
4,008
+40.0%
Capital expenditure
145
215
175
-32.6%
Free cash flow
5,764
4,005
3,833
+43.9%
Free cash flow margin
21.7%
16.3%
17.1%
Cash from investing
-3,768
-2,431
-1,277
Cash from financing
-2,076
-1,947
-2,710
Depreciation and amortisation
177
204
213
-13.2%
Share-based compensation
133
125
131
+6.4%
Buybacks
1,514
1,400
1,550
+8.1%
Dividends paid
556
528
506
+5.3%
Dividend per share
$1.93
$1.75
$1.58
+10.3%
Diluted shares, weighted
299m
312m
330m
-4.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,447
15,327
13,676
+7.3%
Debt
4,366
4,362
4,357
+0.1%
Other liabilities
60,104
57,091
54,989
+5.3%
Total liabilities and equity
80,917
76,780
73,022
+5.4%
Fixed assets
888
896
927
-0.9%
Goodwill
1,911
1,911
1,911
0.0%
Intangible assets
637
707
778
-9.9%
Securities held for sale or to maturity
42,567
39,818
36,231
+6.9%
Cash and equivalents
234
189
344
+23.8%
Other assets
34,680
33,259
32,831
+4.3%
Total assets
80,917
76,780
73,022
+5.4%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.