THE HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG) FY2024 Q3 P&L / Income Statement

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2024-07-01 to 2024-09-30

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THE HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG) FY2024 Q3 P&L / Income StatementIncome statement for 2024-07-01 through 2024-09-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEOPERATINGPRE-TAXNETEarned premiumsNet investment incomeFee incomeOther revenuesTotal revenuesRevenue before reconciliation (calculated)Net realized lossesOperating profit (calculated)Total benefits, losses and expensesBenefits, losses and loss adjustment expensesAmortization of deferred policy acquisition costs ("DAC")Interest expenseInsurance operating costs and other expenseAmortization of other intangible assetsRestructuring and other costsIncome (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestNet incomeIncome tax expenseRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$6.76 BOperating profit (calculated)Operating profit(calculated)$952.00 MTotal revenuesTotal revenues$6.75 BIncome (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestPretax income$952.00 MNet incomeNet income$767.00 MTotal benefits, losses and expensesTotal benefits,losses and expenses$5.80 BIncome tax expenseIncome tax expense$185.00 MEarned premiumsEarned premiums$5.73 BBenefits, losses and loss adjustment expensesBenefits, losses and lossadjustment expenses$3.82 BNet investment incomeNet investment income$659.00 MAmortization of deferred policy acquisition costs ("DAC")Amortization of deferred policyacquisition costs ("DAC")$585.00 MFee incomeFee income$347.00 MInterest expenseInterest expense$49.00 MOther revenuesOther revenues$24.00 MNet realized lossesNet realized losses−$13.00 MInsurance operating costs and other expenseInsurance operatingcosts and other expense$1.32 BAmortization of other intangible assetsAmortization of otherintangible assets$18.00 MRestructuring and other costsRestructuring and other costs$1.00 M
Chart details

THE HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG) FY2024 Q3 P&L / Income Statement

Income statement for 2024-07-01 through 2024-09-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
6,751,000,000 US dollars
Total benefits, losses and expenses
5,799,000,000 US dollars
Operating profit (calculated)
952,000,000 US dollars
Other income (expense), net (calculated)
0 US dollars
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
952,000,000 US dollars
Income tax expense
185,000,000 US dollars
Net income
767,000,000 US dollars
Earned premiums
5,734,000,000 US dollars
Fee income
347,000,000 US dollars
Net investment income
659,000,000 US dollars
Other revenues
24,000,000 US dollars
Benefits, losses and loss adjustment expenses
3,823,000,000 US dollars
Amortization of deferred policy acquisition costs ("DAC")
585,000,000 US dollars
Insurance operating costs and other expense
1,323,000,000 US dollars
Interest expense
49,000,000 US dollars
Amortization of other intangible assets
18,000,000 US dollars
Restructuring and other costs
1,000,000 US dollars
Revenue before reconciliation (calculated)
6,764,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Net realized losses
negative 13,000,000 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.
THE HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG) FY2024 Q3 P&L / Income Statement Sankey chart
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Operating margin

14.1%

Operating profit / revenue

Cash conversion

218.8%

Operating cash / net income, same period

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