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Here's What Key Metrics Tell Us About The Hartford (HIG) Q4 Earnings

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For the quarter ended December 2023, The Hartford (HIG - Free Report) reported revenue of $4.31 billion, up 7.6% over the same period last year. EPS came in at $3.06, compared to $2.31 in the year-ago quarter.

The reported revenue represents a surprise of +0.25% over the Zacks Consensus Estimate of $4.3 billion. With the consensus EPS estimate being $2.39, the EPS surprise was +28.03%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how The Hartford performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Commercial line - Loss and loss adjustment expense ratio: 54.2% compared to the 57.9% average estimate based on seven analysts.
  • Commercial line - Expense ratio: 30.2% versus 31.2% estimated by seven analysts on average.
  • Personal line - Expense ratio: 24.6% versus 25.3% estimated by seven analysts on average.
  • Personal line - Loss and loss adjustment expense ratio: 76.6% versus 78.3% estimated by seven analysts on average.
  • Total Property & Casualty- Earned Premium: $3.84 billion versus $3.82 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -71.6% change.
  • Earned Premium- Commercial Line: $3.04 billion versus the seven-analyst average estimate of $3.03 billion. The reported number represents a year-over-year change of +9.8%.
  • Earned Premium- Personal Lines: $804 million compared to the $786.53 million average estimate based on seven analysts. The reported number represents a change of +6.6% year over year.
  • Revenue- Net investment income- Group benefits: $125 million versus $129.96 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -18.8% change.
  • Revenue- Fee income- Group benefits: $56 million versus the seven-analyst average estimate of $52.52 million. The reported number represents a year-over-year change of +16.7%.
  • Revenue- Earned premiums- Group benefits: $1.59 billion compared to the $1.60 billion average estimate based on seven analysts. The reported number represents a change of -0.4% year over year.
  • Fee income- Commercial Line: $10 million compared to the $10.32 million average estimate based on seven analysts. The reported number represents a change of 0% year over year.
  • Fee income- Personal Lines: $8 million versus $7.75 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
View all Key Company Metrics for The Hartford here>>>

Shares of The Hartford have returned +6.8% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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