NYSE · Financial Services

The Hartford Insurance Group, Inc.

HIG · Insurance - Diversified

$128.25

▼ -1.39 (-1.07%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

C⤢

Net Income Margin 12.0%

Fin. Health

D⤢

Years to Pay Off Debt 5.1 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.89x

Cash Flow

A⤢

Free Cash Flow $1.0B

CapEx % of Net Income 3.6%

Owner Earnings $995M

Cash Flow

Free Cash Flow $1.0B

Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.

CapEx % of Net Income 3.6%

Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.

Owner Earnings $995M

Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.

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

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.

Metric Explanations

What each dimension measures and where the thresholds come from.

Market Data

Market Cap $35.2B

Enterprise Value $36.2B

P/E (TTM) 9.02

Dividend Yield 1.73%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 12.0%

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 $128.25.

The business passes only 3 of 6 of Graham's defensive criteria — well below his required standard.

At $128.25, the stock trades at a 88% premium to its Graham Number of $68.04. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Gross Profit %	N/A•	N/A•	N/A
Operating Margin %	N/A•	N/A•	N/A
Net Income %	12.0%▼	15.8%•	N/A
Diluted EPS	3.04▼	3.98•	N/A

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$86.3B	$86.0B	N/A
Total Debt	$4.4B▲	$4.4B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	5.11	3.86	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$1.0B▼	$1.8B•	N/A
Owner Earnings	$995M	$1.3B	N/A
CapEx % of Net Income	3.6%	4.1%	N/A

Income Statement

	2026	2025	2024
Tax Rate For Calcs	0	0
Net Income From Continuing Operation Net Minority Interest	856,000	1,131,000
Reconciled Depreciation	108,000	135,000
EBIT	1,107,000	1,462,000
Net Interest Income	-50,000	-49,000
Interest Expense	50,000	49,000
Normalized Income	856,000	1,131,000
Net Income From Continuing And Discontinued Operation	856,000	1,131,000
Total Expenses	6,094,000	5,766,000
Diluted Average Shares	279,900	282,600
Basic Average Shares	276,100	278,300
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	851,000	1,126,000
Net Income Common Stockholders	851,000	1,126,000
Preferred Stock Dividends	5,000	5,000
Net Income	856,000	1,131,000
Net Income Including Noncontrolling Interests	856,000	1,131,000
Net Income Continuous Operations	856,000	1,131,000
Tax Provision	201,000	282,000
Pretax Income	1,057,000	1,413,000
Other Income Expense	27,000	27,000
Net Non Operating Interest Income Expense	-50,000	-49,000
Interest Expense Non Operating	50,000	49,000
Other Operating Expenses		0	0
Depreciation And Amortization In Income Statement	18,000	18,000
Amortization	18,000	18,000
Total Revenue	7,151,000	7,179,000
Operating Revenue	7,151,000	7,179,000
Loss Adjustment Expense	5,445,000	5,214,000
Net Policyholder Benefits And Claims	5,445,000	5,214,000

Balance Sheet

	2026	2025
Treasury Shares Number	52,059	50,037
Preferred Shares Number	13,800	13,800
Ordinary Shares Number	274,902	276,923
Share Issued	326,960	326,960
Net Debt	4,206,000	4,238,000
Total Debt	4,372,000	4,371,000
Tangible Book Value	16,095,000	16,168,000
Invested Capital	22,927,000	23,016,000
Net Tangible Assets	16,429,000	16,502,000
Common Stock Equity	18,555,000	18,645,000
Preferred Stock Equity	334,000	334,000
Total Capitalization	23,261,000	23,350,000
Total Equity Gross Minority Interest	18,889,000	18,979,000
Stockholders Equity	18,889,000	18,979,000
Gains Losses Not Affecting Retained Earnings	-2,416,000	-2,057,000
Other Equity Adjustments	-2,416,000	-2,057,000
Treasury Stock	4,943,000	4,589,000
Retained Earnings	25,424,000	24,739,000
Additional Paid In Capital	487,000	549,000
Capital Stock	337,000	337,000
Common Stock	3,000	3,000
Preferred Stock	334,000	334,000
Total Liabilities Net Minority Interest	67,433,000	67,018,000
Long Term Debt And Capital Lease Obligation	4,372,000	4,371,000
Long Term Debt	4,372,000	4,371,000
Total Assets	86,322,000	85,997,000
Investments And Advances	56,421,000	56,858,000
Long Term Equity Investment	5,948,000	5,804,000
Investments In Other Ventures Under Equity Method	5,948,000	5,804,000
Goodwill And Other Intangible Assets	2,460,000	2,477,000
Other Intangible Assets	549,000	566,000
Goodwill	1,911,000	1,911,000
Net PPE	923,000	931,000
Receivables	13,805,000	13,507,000
Accounts Receivable	13,805,000	13,507,000
Cash Cash Equivalents And Short Term Investments	21,751,000	22,150,000
Other Short Term Investments	21,585,000	22,017,000
Cash And Cash Equivalents	166,000	133,000

Cash Flow

	2026	2025	2024
Free Cash Flow	1,014,000	1,762,000
Repurchase Of Capital Stock	-450,000	-400,000
Capital Expenditure	-31,000	-46,000
Interest Paid Supplemental Data	60,000	42,000
Income Tax Paid Supplemental Data		236,000	149,000
End Cash Position	220,000	177,000
Beginning Cash Position	177,000	206,000
Effect Of Exchange Rate Changes	-7,000	2,000
Changes In Cash	50,000	-31,000
Financing Cash Flow	-663,000	-540,000
Cash Flow From Continuing Financing Activities	-663,000	-540,000
Net Other Financing Charges	-2,000	7,000
Proceeds From Stock Option Exercised	-39,000	4,000
Cash Dividends Paid	-172,000	-151,000
Preferred Stock Dividend Paid	-5,000	-5,000
Common Stock Dividend Paid	-167,000	-146,000
Net Common Stock Issuance	-450,000	-400,000
Common Stock Payments	-450,000	-400,000
Investing Cash Flow	-332,000	-1,299,000
Cash Flow From Continuing Investing Activities	-332,000	-1,299,000
Net Other Investing Changes	-25,000	-27,000
Net Investment Purchase And Sale	41,000	-813,000
Sale Of Investment	2,776,000	2,791,000
Purchase Of Investment	-2,735,000	-3,604,000
Net Business Purchase And Sale	-147,000	-203,000
Sale Of Business	67,000	124,000
Purchase Of Business	-214,000	-327,000
Net PPE Purchase And Sale	-31,000	-46,000
Purchase Of PPE	-31,000	-46,000
Operating Cash Flow	1,045,000	1,808,000
Cash Flow From Continuing Operating Activities	1,045,000	1,808,000
Change In Working Capital	-35,000	484,000
Change In Other Working Capital	-570,000	240,000
Change In Receivables	-327,000	107,000
Changes In Account Receivables	-327,000	107,000
Other Non Cash Items	-595,000	-616,000
Unrealized Gain Loss On Investment Securities
Amortization Of Securities	656,000	645,000
Depreciation And Amortization	108,000	135,000
Operating Gains Losses	55,000	-11,000
Gain Loss On Investment Securities	55,000	-11,000
Net Income From Continuing Operations	856,000	1,131,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $6.8B ▲ $7.2B +5.6%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 9.3% ▲ 12.0% +2.7pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$7.2B/qtr (≈$28.6B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$1.0B

vs Positive

Operating Cash Flow

$1.0B

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.9x

Net Assets: $18.9B

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

0.35%

Low — management has little skin in the game

Return on Equity (ROE)

4.6%

Weak — poor returns on equity

Return on Assets (ROA)

1.0%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$1.6B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+0.0% YoY

Debt is roughly stable

Leadership Team

Christopher Jerome Swift CPA

Chairman & CEO

Age 64

Pay: $7,688,454

0.898% of net income

Adin Morris Tooker

President

Age 55

Pay: $3,879,630

0.453% of net income

Beth Costello CPA

Executive VP & CFO

Age 57

Pay: $3,829,795

0.447% of net income

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	11.58%	31,741,678
Vanguard Capital Management LLC	6.57%	17,997,591
State Street Corporation	5.86%	16,058,482
Vanguard Portfolio Management LLC	5.81%	15,919,750
FMR, LLC	4.05%	11,115,127
Geode Capital Management, LLC	2.99%	8,206,222
Invesco Ltd.	1.85%	5,065,873
Dimensional Fund Advisors LP	1.71%	4,699,459

Risk Analysis

Beta (Market Risk)

0.47

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: $128.25 High: $144.50

Currently at 35% of 52-week range