Hartford Insurance Group (HIG) FY2025 results: revenue $28.4 billion, up 6.9% on the year

The Hartford is a holding company whose subsidiaries sell property and casualty insurance to businesses and to households, employee group benefits to employers, and mutual funds and exchange-traded funds to investors. It sells mainly in the United States, and to a lesser extent in the United Kingdom and elsewhere. It is based in Connecticut and its oldest subsidiary, Hartford Fire Insurance Company, dates back to 1810.

Five segments, and where the premium sits

Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits and Hartford Funds, with a Corporate category alongside them. Of total earned premium, Business Insurance was 58 percent, Employee Benefits 27 percent and Personal Insurance 15 percent. By state, California accounted for 12 percent of earned premium, Texas 9 percent and Florida 5 percent. The holding company itself does not run the businesses; it relies on dividends from its insurance companies and other subsidiaries as its principal source of cash.

Business Insurance

Three lines: small business, middle and large business, and global specialty. Between them they write workers' compensation, general liability, commercial property, package policies covering both property and liability, commercial automobile, marine, professional liability including directors and officers cover, bond business covering fidelity and surety, credit and political risk insurance for clients with global operations, and assumed reinsurance.

Small business covers companies below set thresholds of payroll, revenue and property value per location, with property and general liability sold together as a package under the Spectrum name, and excess and surplus lines cover available as well. Middle and large business runs from mid-sized firms to national accounts, where much of the book is written through large deductible programmes or on a loss-sensitive basis, meaning the final premium is adjusted after the fact according to how the year's losses develop. It also writes captive programmes for clients that want to carry more of their own risk. Global specialty writes customised property, liability, marine, professional liability, bond and excess and surplus lines for companies of any size, and underwrites internationally as the sole corporate member of Lloyd's Syndicate 1221, which gives The Hartford the exclusive right to write business up to an approved level of premium in the Lloyd's market.

Distribution runs through independent retail agents and brokers, wholesale agents and specialty insurance and reinsurance brokers, with some business sold direct. The company also sells to the customers of major national payroll companies and to members of affinity organisations.

Personal Insurance

Motor, homeowners and personal umbrella cover for individuals across the United States, sold largely through a programme designed exclusively for members of AARP. The company holds the customer relationship with those policyholders directly. The rest comes through independent agents in the standard personal lines market, serving mature, preferred consumers, and through a direct channel marketed by digital advertising, direct mail, print and television. A new cloud-based product and platform, Prevail, is in market in nearly all states and was extended to the agency channel in mid-2025.

Property & Casualty Other Operations

Businesses that have stopped writing new policies, holding substantially all of the group's asbestos and environmental exposures from policies written before 1986. The segment manages what is already there rather than selling anything.

Employee Benefits

Group life, group disability and other group cover, sold to the members of employer groups, associations and affinity groups, and reinsurance written for other insurers. Disability covers short-term, long-term and paid family leave, replacing part of an employee's income for a set period. Other products include retiree health, critical illness, accident and hospital indemnity. Alongside the insurance, the segment earns fees for administering leave management for federal, state and employer family and medical leave programmes, for workplace accommodation programmes and for self-funded employer disability plans. By the end of 2025 thirteen states and the District of Columbia had enacted mandated paid family and medical leave programmes, which the company writes or administers. Policies are typically sold with rate guarantees of one, two or three years, and reach the buyer through brokers, consultants, third-party administrators, trade associations and private exchanges.

Hartford Funds

Investment management, administration and distribution. About 60 actively managed mutual funds across domestic and international equity, fixed income and multi-strategy, principally sub-advised by two unaffiliated institutional asset management firms; actively managed and multifactor exchange-traded funds; and the separate accounts of the life and annuity business sold in May 2018, which the segment still manages for its buyer.

From The Hartford's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 20 February 2026: read the full 10-K.