NYSE · Financial Services

The Hartford Insurance Group, Inc.

HIG · Insurance - Diversified

$133.78

▼ -2.04 (-1.5%)

Data cached · refreshes every 10 min

Mr. Market is currently offering The Hartford Insurance Group, Inc. at $133.78.

The business passes 5 of 6 of Graham's defensive criteria — adequate but not exceptional.

Overall Grade

Defensive

Enterprising

Profitability C

Net Income Margin 13.7%

Fin. Health B

Years to Pay Off Debt 1.1 yrs

Valuation F

Margin of Safety 6.3%

Price-to-Book 1.97x

Cash Flow A

Free Cash Flow $5.8B

CapEx % of Net Income 4.4%

Owner Earnings $4.4B

5/6

Graham Score

Enterprising

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Metric Explanations

What each dimension measures and where the thresholds come from.

Market Data

Market Cap $36.7B

Enterprise Value $37.5B

P/E (TTM) 9.41

Dividend Yield 1.65%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 13.7%

Company Info

Sector Financial Services

Industry Insurance - Diversified

Employees 19200

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering The Hartford Insurance Group, Inc. at $133.78.

The business passes 5 of 6 of Graham's defensive criteria — adequate but not exceptional.

At $133.78, the stock trades below its Graham Number of $142.77 — suggesting a margin of safety exists.

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

About The Hartford Insurance Group, Inc.

The Hartford Insurance Group, Inc., together with its subsidiaries, provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. It operates through Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits and Hartford Funds. The company offers insurance coverage, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company also provides automobiles, homeowners, and personal umbrella coverages. The Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. In addition, it provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; leave management solution; distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Further, the company offers managed mutual funds across various asset classes; and exchange-traded funds through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust, and registered investment advisers, as well as investment management, distribution, and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022
Gross Profit %	N/A •	N/A	N/A	N/A
Operating Margin %	N/A •	N/A	N/A	N/A
Net Income %	13.7% ▲	11.8%	10.3%	8.3%
Diluted EPS	13.32 ▲	10.35	7.97	5.44

Balance Sheet Highlights

Metric	2025	2024	2023	2022
Total Assets	$86.0B	$80.9B	$76.8B	$73.0B
Total Debt	$4.4B ↑	$4.4B	$4.4B	$4.4B
Working Capital	N/A •	N/A	N/A	N/A
Years to Pay Debt	1.14	1.40	1.74	2.40

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	$5.8B ▼	$5.8B	$4.0B	$3.8B	N/A
Owner Earnings	$4.4B	$3.6B	$3.2B	$2.6B	N/A
CapEx % of Net Income	4.4%	4.7%	8.6%	9.6%	N/A

Income Statement

	2025	2024	2023	2022
Tax Effect Of Unusual Items	0	-380	-1,140	-2,546
Tax Rate For Calcs	0	0	0	0
Total Unusual Items	0	-2,000	-6,000	-13,000
Total Unusual Items Excluding Goodwill	0	-2,000	-6,000	-13,000
Net Income From Continuing Operation Net Minority Interest	3,836,000	3,111,000	2,504,000	1,819,000
Reconciled Depreciation	396,000	356,000	510,000	625,000
EBIT	4,959,000	4,048,000	3,287,000	2,475,000
Net Interest Income	-199,000	-199,000	-199,000	-213,000
Interest Expense	199,000	199,000	199,000	213,000
Normalized Income	3,836,000	3,112,620	2,508,860	1,829,454
Net Income From Continuing And Discontinued Operation	3,836,000	3,111,000	2,504,000	1,819,000
Total Expenses	23,311,000	22,535,000	21,242,000	19,592,000
Diluted Average Shares	286,500	298,600	311,500	329,779
Basic Average Shares	282,400	293,900	307,100	315,111
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	3,815,000	3,090,000	2,483,000	1,798,000
Net Income Common Stockholders	3,815,000	3,090,000	2,483,000	1,798,000
Preferred Stock Dividends	21,000	21,000	21,000	21,000
Net Income	3,836,000	3,111,000	2,504,000	1,819,000
Net Income Including Noncontrolling Interests	3,836,000	3,111,000	2,504,000	1,819,000
Net Income Continuous Operations	3,836,000	3,111,000	2,504,000	1,819,000
Tax Provision	924,000	738,000	584,000	443,000
Pretax Income	4,760,000	3,849,000	3,088,000	2,262,000
Other Income Expense	110,000	88,000	84,000	73,000
Special Income Charges	0	-2,000	-6,000	-13,000
Restructuring And Mergern Acquisition	0	2,000	6,000	13,000
Net Non Operating Interest Income Expense	-199,000	-199,000	-199,000	-213,000
Interest Expense Non Operating	199,000	199,000	199,000	213,000
Other Operating Expenses	6,000	-3,000	15,000	7,000
Depreciation And Amortization In Income Statement	71,000	71,000	71,000	71,000
Amortization	71,000	71,000	71,000	71,000
Total Revenue	28,071,000	26,384,000	24,330,000	21,854,000
Operating Revenue	28,071,000	26,384,000	24,330,000	21,854,000
Loss Adjustment Expense	20,822,000	20,132,000	19,119,000	17,979,000
Net Policyholder Benefits And Claims	20,822,000	20,132,000	19,119,000	17,979,000

Balance Sheet

	2025	2024	2023	2022
Treasury Shares Number	50,037	39,404	28,488	29,849
Preferred Shares Number	13,800	13,800	13,800	13,800
Ordinary Shares Number	276,923	287,556	298,472	315,111
Share Issued	326,960	326,960	326,960	344,960
Net Debt	4,238,000	4,183,000	4,236,000	4,128,000
Total Debt	4,371,000	4,366,000	4,362,000	4,357,000
Tangible Book Value	16,168,000	13,565,000	12,375,000	10,653,000
Invested Capital	23,016,000	20,479,000	19,355,000	17,699,000
Net Tangible Assets	16,502,000	13,899,000	12,709,000	10,987,000
Common Stock Equity	18,645,000	16,113,000	14,993,000	13,342,000
Preferred Stock Equity	334,000	334,000	334,000	334,000
Total Capitalization	23,350,000	20,813,000	19,689,000	18,033,000
Total Equity Gross Minority Interest	18,979,000	16,447,000	15,327,000	13,676,000
Stockholders Equity	18,979,000	16,447,000	15,327,000	13,676,000
Gains Losses Not Affecting Retained Earnings	-2,057,000	-2,886,000	-2,849,000	-3,841,000
Other Equity Adjustments	-2,057,000	-2,886,000	-2,849,000	-3,841,000
Treasury Stock	4,589,000	3,113,000	1,816,000	1,773,000
Retained Earnings	24,739,000	21,531,000	19,007,000	17,058,000
Additional Paid In Capital	549,000	578,000	648,000	1,895,000
Capital Stock	337,000	337,000	337,000	337,000
Common Stock	3,000	3,000	3,000	3,000
Preferred Stock	334,000	334,000	334,000	334,000
Total Liabilities Net Minority Interest	67,018,000	64,470,000	61,453,000	59,332,000
Long Term Debt And Capital Lease Obligation	4,371,000	4,366,000	4,362,000	4,357,000
Long Term Debt	4,371,000	4,366,000	4,362,000	4,357,000
Total Assets	85,997,000	80,917,000	76,780,000	73,008,000
Investments And Advances	56,858,000	52,588,000	49,644,000	46,401,000
Long Term Equity Investment	5,804,000	5,042,000	4,785,000	4,177,000
Investments In Other Ventures Under Equity Method	5,804,000	5,042,000	4,785,000	4,177,000
Goodwill And Other Intangible Assets	2,477,000	2,548,000	2,618,000	2,689,000
Other Intangible Assets	566,000	637,000	707,000	778,000
Goodwill	1,911,000	1,911,000	1,911,000	1,911,000
Net PPE	931,000	888,000	896,000	927,000
Receivables	13,507,000	13,138,000	12,711,000	11,913,000
Accounts Receivable	13,507,000	13,138,000	12,711,000	11,913,000
Cash Cash Equivalents And Short Term Investments	22,150,000	20,702,000	19,299,000	40,319,000
Other Short Term Investments	22,017,000	20,519,000	19,173,000	40,090,000
Cash And Cash Equivalents	133,000	183,000	126,000	229,000

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	5,753,000	5,764,000	4,005,000	3,833,000
Repurchase Of Capital Stock	-1,615,000	-1,514,000	-1,400,000	-1,550,000
Repayment Of Debt		0	0	-600,000	0
Issuance Of Debt			0	0	588,000
Capital Expenditure	-169,000	-145,000	-215,000	-175,000
Interest Paid Supplemental Data	206,000	211,000	209,000	212,000
Income Tax Paid Supplemental Data	863,000	812,000	622,000	548,000
End Cash Position	177,000	234,000	189,000	344,000
Other Cash Adjustment Outside Changein Cash			0	0	58,000
Beginning Cash Position	234,000	189,000	344,000	337,000
Effect Of Exchange Rate Changes	14,000	-20,000	3,000	-14,000
Changes In Cash	-71,000	65,000	-158,000	21,000
Cash Flow From Discontinued Operation				0	58,000
Financing Cash Flow	-2,235,000	-2,076,000	-1,947,000	-2,710,000
Cash Flow From Continuing Financing Activities	-2,235,000	-2,076,000	-1,947,000	-2,710,000
Net Other Financing Charges	11,000	-7,000	-4,000	-14,000
Proceeds From Stock Option Exercised	-18,000	22,000	6,000	-19,000
Cash Dividends Paid	-613,000	-577,000	-549,000	-527,000
Preferred Stock Dividend Paid	-21,000	-21,000	-21,000	-21,000
Common Stock Dividend Paid	-592,000	-556,000	-528,000	-506,000
Net Common Stock Issuance	-1,615,000	-1,514,000	-1,400,000	-1,550,000
Common Stock Payments	-1,615,000	-1,514,000	-1,400,000	-1,550,000
Net Issuance Payments Of Debt		0	0	-600,000	588,000
Net Long Term Debt Issuance				-600,000	588,000
Long Term Debt Payments		0	0	-600,000	0
Long Term Debt Issuance			0	0	588,000
Investing Cash Flow	-3,758,000	-3,768,000	-2,431,000	-1,277,000
Cash Flow From Continuing Investing Activities	-3,758,000	-3,768,000	-2,431,000	-1,277,000
Net Other Investing Changes	-89,000	-7,000	-21,000	4,000
Net Investment Purchase And Sale	-2,343,000	-2,905,000	-1,505,000	263,000
Sale Of Investment	10,701,000	11,294,000	8,981,000	16,265,000
Purchase Of Investment	-13,044,000	-14,199,000	-10,486,000	-16,002,000
Net Business Purchase And Sale	-734,000	-426,000	-671,000	-746,000
Sale Of Business	291,000	238,000	295,000	349,000
Purchase Of Business	-1,025,000	-664,000	-966,000	-1,095,000
Net PPE Purchase And Sale	-169,000	-145,000	-215,000	-175,000
Purchase Of PPE	-169,000	-145,000	-215,000	-175,000
Operating Cash Flow	5,922,000	5,909,000	4,220,000	4,008,000
Cash Flow From Continuing Operating Activities	5,922,000	5,909,000	4,220,000	4,008,000
Change In Working Capital	1,550,000	2,178,000	920,000	934,000
Change In Other Working Capital	-240,000	-368,000	-36,000	-226,000
Change In Receivables	-482,000	-512,000	-863,000	-1,032,000
Changes In Account Receivables	-482,000	-512,000	-863,000	-1,032,000
Other Non Cash Items	-2,476,000	-2,079,000	-1,946,000	-1,821,000
Amortization Of Securities	2,516,000	2,282,000	2,044,000	1,824,000
Depreciation And Amortization	396,000	356,000	510,000	625,000
Operating Gains Losses	100,000	61,000	188,000	627,000
Gain Loss On Investment Securities	100,000	61,000	188,000	627,000
Gain Loss On Sale Of Business			0	0	21,000
Net Income From Continuing Operations	3,836,000	3,111,000	2,504,000	1,819,000

These metrics estimate what The Hartford Insurance Group, Inc. is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

$142.77

Margin of Safety

6.3%

Market Cap ÷ Company Value

1.23

P/B Ratio

1.97

Warren's Owner Earnings

$4.4B

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

5/6 — Enterprising Investor

✅ Adequate Size

$28.1B

vs > $1.5B revenue

✅ Earnings Stability

No loss years (4 yrs data)

vs No negative EPS years

✅ Dividend Record

1.65%

vs Uninterrupted dividends

✅ Earnings Growth

+144.9% EPS growth

vs > 33% EPS growth

✅ Moderate P/E Ratio

9.4x

vs P/E ≤ 15.0x

❌ Moderate Price-to-Book

1.97x P/B (P/E×P/B: 18.5)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

N/A

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

N/A

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	4.4%	4.7%	8.6%	9.6%	N/A
Repurchase of Capital Stock	-$1.6B	-$1.5B	-$1.4B	-$1.6B	N/A
Free Cash Flow	$5.8B ▼	$5.8B ▲	$4.0B ▲	$3.8B •	N/A •
Warren's Owner Earnings	$4.4B	$3.6B	$3.2B	$2.6B	N/A

Peers & Industry

No auto-detected peers for Insurance - Diversified. You can manually compare HIG against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.36%

Low — management has little skin in the game

Return on Equity (ROE)

20.6%

Excellent — management generates strong returns on equity

Return on Assets (ROA)

4.5%

Fair — average asset utilization

Share Buybacks (Latest Year)

$1.6B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+0.1% YoY

Debt is roughly stable

Leadership Team

Christopher Jerome Swift CPA

Chairman & CEO

Age 64

Pay: $7,688,454

0.200% of net income

Adin Morris Tooker

President

Age 55

Pay: $3,879,630

0.101% of net income

Beth Costello CPA

Executive VP & CFO

Age 57

Pay: $3,829,795

0.100% of net income

Top Institutional Holders

Institution	% Owned	Shares
Vanguard Group Inc	13.42%	36,784,866
Blackrock Inc.	11.66%	31,974,921
State Street Corporation	5.86%	16,058,220
FMR, LLC	4.32%	11,854,889
Geode Capital Management, LLC	2.90%	7,948,948
Price (T.Rowe) Associates Inc	2.22%	6,089,609
Invesco Ltd.	1.84%	5,030,463
Dimensional Fund Advisors LP	1.69%	4,627,011

Risk Analysis

Beta (Market Risk)

0.50

Low volatility — more stable than the market

Short Interest

0.0% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

0.23x

Conservative balance sheet — low financial risk

Current Ratio

1.79x

Adequate liquidity

52-Week Price Range

Low: $119.61 Current: $133.78 High: $144.50

Currently at 57% of 52-week range

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