The Hartford has released its financial results for the fourth quarter and whole of 2023.
Here are the numbers for the Connecticut-based insurance company:
|
Metric |
Q4 2023 |
Q4 2022 |
FY 2023 |
FY 2022 |
|---|---|---|---|---|
|
Net income available to common stockholders |
$766 million |
$587 million |
$2.5 billion |
$1.8 billion |
|
Commercial lines net income |
$687 million |
$566 million |
$2.1 billion |
$1.6 billion |
|
Personal lines net income / (loss) |
$34 million |
$44 million |
$(39 million) |
$91 million |
|
Group benefits net income |
$176 million |
$143 million |
$535 million |
$327 million |
|
Hartford funds net income |
$47 million |
$45 million |
$174 million |
$162 million |
The Hartford chairman and chief executive Christopher Swift said in a release: “Fourth quarter and full-year 2023 results were simply outstanding, demonstrating the effectiveness of our strategy, and our ability to consistently execute.
“Our 2023 core earnings ROE (return on equity) of 15.8% reflects exceptional underwriting in commercial lines, record core earnings from group benefits, and continued solid performance from our investment portfolio.”
The CEO added: “Building on another quarter and full year of exceptional performance, we are well positioned to sustain these results in 2024.”
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