The Hartford Insurance Group, Inc. (HIG) FY2024 Annual P&L / Income Statement

The Hartford Insurance Group, Inc. (HIG) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

26,535,000,000 US dollars

Benefits, losses and expenses

22,686,000,000 US dollars

Operating profit (calculated)

3,849,000,000 US dollars

Other income (expense), net (calculated)

0 US dollars

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

3,849,000,000 US dollars

Income tax expense

738,000,000 US dollars

Net income

3,111,000,000 US dollars

P&C Business Insurance

14,406,000,000 US dollars

P&C Personal Insurance

3,779,000,000 US dollars

Property & Casualty Other Operations

70,000,000 US dollars

Employee Benefits

7,066,000,000 US dollars

Hartford Funds

1,067,000,000 US dollars

Interest expense

199,000,000 US dollars

Insurance operating costs and other expenses

5,258,000,000 US dollars

Amortization of deferred policy acquisition costs ("DAC")

2,282,000,000 US dollars

Restructuring and other costs

2,000,000 US dollars

Benefits, losses and loss adjustment expenses

14,874,000,000 US dollars

Amortization of other intangible assets

71,000,000 US dollars

Revenue before reconciliation (calculated)

26,388,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Corporate

147,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue minus operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.