Hartford Financial Services Group Files 8-K
Ticker: HIG-PG · Form: 8-K · Filed: Jan 30, 2025 · CIK: 874766
| Field | Detail |
|---|---|
| Company | Hartford Financial Services Group, INC. (HIG-PG) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, 8-k, insurance
Related Tickers: HIG
TL;DR
Hartford Financial (HIG) filed an 8-K on Jan 30, 2025, detailing Q4 2024 financial results.
AI Summary
The Hartford Financial Services Group, Inc. filed an 8-K on January 30, 2025, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits related to the period ending December 31, 2024, with specific data points for the fourth quarter of 2024.
Why It Matters
This filing provides crucial updates on The Hartford's financial performance and condition, offering insights into its operational results for the recent fiscal period.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) that reports on results of operations and financial condition, not indicating any immediate or unusual risks.
Key Numbers
- 2024-12-31 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
- 2024-10-01 to 2024-12-31 — Fourth Quarter 2024 (Specific period for which financial data is reported.)
Key Players & Entities
- The Hartford Financial Services Group, Inc. (company) — Filer of the 8-K
- 0000874766-25-000010 (accession_number) — Unique identifier for the filing
- 20250130 (date) — Filing date and period of report
- 2024-12-31 (date) — Fiscal year end
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose is to report on The Hartford's Results of Operations and Financial Condition, along with Financial Statements and Exhibits.
When was this 8-K filing submitted?
The filing was submitted on January 30, 2025.
What fiscal period does the financial information in this filing primarily cover?
The financial information primarily covers the period ending December 31, 2024, including the fourth quarter of 2024.
What is the Central Index Key (CIK) for The Hartford Financial Services Group, Inc.?
The CIK for The Hartford Financial Services Group, Inc. is 0000874766.
What industry is The Hartford Financial Services Group, Inc. classified under?
The company is classified under FIRE, MARINE & CASUALTY INSURANCE [6331].
Filing Stats: 1,265 words · 5 min read · ~4 pages · Grade level 14.1 · Accepted 2025-01-30 16:15:52
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share HIG The New York Stock Exchan
Filing Documents
- hig-20250130.htm (8-K) — 72KB
- ex991earningsnewsrelease12.htm (EX-99.1) — 711KB
- ex992ifs12312024.htm (EX-99.2) — 3695KB
- thehartfordlogo.jpg (GRAPHIC) — 49KB
- thehartfordlogorgba08a.jpg (GRAPHIC) — 117KB
- 0000874766-25-000010.txt ( ) — 5533KB
- hig-20250130.xsd (EX-101.SCH) — 7KB
- hig-20250130_def.xml (EX-101.DEF) — 65KB
- hig-20250130_lab.xml (EX-101.LAB) — 76KB
- hig-20250130_pre.xml (EX-101.PRE) — 44KB
- hig-20250130_htm.xml (XML) — 67KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 30, 2025 , The Hartford Financial Services Group, Inc. (the "Company") issued (i) a news release announcing its financial results for the quarterly period ended December 31, 2024, and (ii) its Investor Financial Supplement ("IFS") relating to its financial results for the quarterly period ended December 31, 2024. Copies of the news release and the IFS are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference. The Company is also announcing property and casualty reserve development for the fourth quarter of 2024 as set forth below. Property and Casualty Reserves (Dollar amounts in millions and before tax) Unfavorable (Favorable) Prior Accident Year Development For the three months ended December 31, 2024 Workers' compensation $ ( 70 ) Workers' compensation discount accretion 10 General liability 130 Marine — Package business — Commercial property — Professional liability ( 20 ) Bond ( 34 ) Assumed reinsurance — Automobile liability - Commercial Lines 21 Automobile liability - Personal Lines ( 17 ) Homeowners ( 13 ) Net asbestos and environmental ("A&E") reserves 141 Catastrophes ( 49 ) Uncollectible reinsurance ( 19 ) Other reserve re-estimates, net 17 Prior accident year development, including full benefit for the adverse development cover ("ADC") cession 97 Change in deferred gain on retroactive reinsurance included in other liabilities [1] 4 Total prior accident year development $ 101 [1] Change in deferred gain on retroactive reinsurance for the three months ended December 31, 2024, included a benefit for amortization of the Navigators ADC deferred gain of $ 58 . The change in deferred gain for the three months ended December 31, 2024, also included $ 62 of adverse development on A&E reserves in excess of ceded premium paid. Workers' compensation reserves were decreased primarily for accident years 2020 and prior, driven
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit No. 99.1 News Release of The Hartford Financial Services Group, Inc. dated January 30, 2025 99.2 Investor Financial Supplement of The Hartford Financial Services Group, Inc. for the quarterly period ended December 31, 202 4 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 30, 2025 By: /s/ Allison G. Niderno Name: Allison G. Niderno Title: Senior Vice President and Controller