Short answer
Hartford (The) (HIG) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $1.5B (+3.3% year over year) and net income of $3.8B.
- Top risk flagged: Regulatory risk: Potential impact of evolving insurance regulations on P&C and Employee Benefits businesses, with no specific law cited but exposure implied by reliance on regulatory ratings agencies
FY2025 key financial metrics · XBRL
- Revenue
- $1.5B
- +3.3% YoY
- Net income
- $3.8B
- +23.3% YoY
- EPS (diluted)
- $13.32
- +28.7% YoY
- ROE
- 20.2%
- +1.3 pp YoY
- Operating cash flow
- $5.9B
- +0.2% YoY
Source: XBRL data from the Hartford (The) (HIG) FY2025 10-K on SEC EDGAR. USD.
Hartford (The) FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Insurance and financial services with a focus on attracting and developing top talent through structured internship and training programs
- New emphasis: Early career talent development highlighted via College Internship Program and Tech Catalyst Program for software/data engineers
- Strategic shift: Strengthened culture of ethics, integrity, and inclusion with over 60% employee participation in nine Employee Resource Groups (ERGs)
- Notable metric: Achieved top quartile employee engagement scores in 2025 via third-party benchmarking
- Unusual fact: Comprehensive pay equity process with independent third-party statistical analysis conducted annually covering majority of U.S. employees
Management Discussion & Analysis
- Revenue $28.37B in 2025, up 6.9% YoY from $26.54B in 2024, driven by earned premiums $24.03B (+6.5%) and net investment income $2.91B (+13.4%)
- Net income $3.84B, up 23.4% YoY from $3.11B, with operating margin approx. 16.8% vs 14.8% in 2024 (income before taxes/revenue)
- Best segment: Property & Casualty premiums $15.8B, up 7% YoY; worst segment: Group Benefits with flat/slight growth and higher loss costs (no exact segment profits disclosed)
- Cash flow: Capex and buybacks not quantified; stock plans have 7.12M shares outstanding options at $65.21 avg price, 11.58M shares available; CEO's 303K shares sale planned in 2026
- Forward outlook: Management affirms effective internal controls; stock option activity indicates confidence; no material changes in risk controls; legislative/regulatory environment noted as a risk factor
Risk Factors
- Regulatory risk: Potential impact of evolving insurance regulations on P&C and Employee Benefits businesses, with no specific law cited but exposure implied by reliance on regulatory ratings agencies
- Geopolitical/macroeconomic threat: Exposure to market volatility affecting Hartford Funds unit, tied to diversified revenue risks from economic downturns or capital market instability
- Operational risk: Concentration in P&C insurance and Employee Benefits businesses could impair revenue if underwriting performance declines
- Competitive risk: Risk of market share loss from rivals improving underwriting performance or risk management, reflecting S&P's and Moody’s emphasis on competitive robustness
- Financial risk: Upgraded senior debt ratings to "A-/A3" by S&P and Moody’s driven by balance sheet strength, reducing leverage-related refinancing risk
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