HIG Q4 2024 Earnings Report — The Hartford Financial Services Group, Inc. Revenue & Financial Results | Market Cap Arena

The Hartford Financial Services Group, Inc.HIG

Q4 2024 Earnings

Reported February 21, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2024	Q3 2024	Q4 2023	QoQ Change	YoY Change
Revenue	$6.8B	$6.7B	$6.3B	1.3%	7.5%
Op. Income	$1.1B	$952M	$950M	12.8%	13.1%
Gross Margin	15.6%	14.6%	14.9%	1.0pp	0.7pp
Net Margin	12.5%	11.4%	12.2%	1.1pp	0.4pp
EPS (Diluted)	$2.88	$2.56	$2.51	12.5%	14.7%
Free Cash Flow	$1.9B	$1.6B	$1.6B	17.4%	21.6%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.7B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$11M
Operating Expenses	-$11M
Cost & Expenses	$5.7B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$221M
Net Income from Continuing Ops	$853M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$853M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$848M
D&A	$84M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.7B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	-$11M
Operating Expenses	-$11M
Cost & Expenses	$5.7B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$221M
Net Income from Continuing Ops	$853M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$853M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$848M
D&A	$84M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$853M
Depreciation & Amortization	$84M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$140M
Change in Working Capital	$797M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	$26M
Acquisitions (Net)	-$87M
Purchases of Investments	-$4.2B
Sales/Maturities of Investments	$2.9B
Other Investing Activities	$48M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$414M
Common Dividends Paid	-$137M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$547M
FREE CASH FLOW	$1.9B
Net Change in Cash	-$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$183M
Short-Term Investments	$4.1B
Net Receivables	$6.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10.2B
PP&E (Net)	$888M
Goodwill	$1.9B
Intangible Assets	$637M
Long-Term Investments	$55.1B
Tax Assets	$0
Other Non-Current Assets	-$55.1B
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$80.9B
Account Payables	$614M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$614M
Long-Term Debt	$4.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$59.5B
TOTAL NON-CURRENT LIABILITIES	$63.9B
TOTAL LIABILITIES	$64.5B
Common Stock	$3M
Additional Paid-In Capital	$578M
Retained Earnings	$21.5B
Treasury Stock	-$3.1B
Accum. Other Comp. Income	-$2.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.4B
Minority Interest	$0
TOTAL EQUITY	$16.4B
TOTAL LIABILITIES & EQUITY	$80.9B
Total Debt	$4.4B
Net Debt	$4.2B