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The Hartford (HIG) Reports Q3 Earnings: What Key Metrics Have to Say
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The Hartford (HIG - Free Report) reported $4.67 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 10.9%. EPS of $2.53 for the same period compares to $2.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.62 billion, representing a surprise of +1.06%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $2.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how The Hartford performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Commercial line - Loss and loss adjustment expense ratio: 61% versus the six-analyst average estimate of 60.4%.
Commercial line - Expense ratio: 30.9% versus 30.9% estimated by six analysts on average.
Commercial Lines - Underlying combined ratio: 88.6% compared to the 87.6% average estimate based on six analysts.
Commercial line - Combined ratio: 92.2% versus the six-analyst average estimate of 91.6%.
Revenue- Property and Casualty- Net investment income: $518 million compared to the $488.60 million average estimate based on six analysts. The reported number represents a change of +12.6% year over year.
Earned Premium- Commercial Line: $3.25 billion versus $3.26 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Earned Premium- Personal Lines: $885 million versus the six-analyst average estimate of $871.77 million. The reported number represents a year-over-year change of +12.9%.
Revenue- Net investment income- Group benefits: $119 million versus the six-analyst average estimate of $117.61 million. The reported number represents a year-over-year change of -1.7%.
Fee income- Personal Lines: $8 million versus $8.13 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
Fee income- Commercial Line: $11 million versus $11.04 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Revenue- Earned premiums- Group benefits: $1.60 billion compared to the $1.62 billion average estimate based on six analysts. The reported number represents a change of +1.6% year over year.
Total Property & Casualty- Earned Premium: $4.13 billion versus the six-analyst average estimate of $4.13 billion. The reported number represents a year-over-year change of +10.7%.
Shares of The Hartford have returned +2.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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The Hartford (HIG) Reports Q3 Earnings: What Key Metrics Have to Say
The Hartford (HIG - Free Report) reported $4.67 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 10.9%. EPS of $2.53 for the same period compares to $2.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.62 billion, representing a surprise of +1.06%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $2.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how The Hartford performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Commercial line - Loss and loss adjustment expense ratio: 61% versus the six-analyst average estimate of 60.4%.
- Commercial line - Expense ratio: 30.9% versus 30.9% estimated by six analysts on average.
- Commercial Lines - Underlying combined ratio: 88.6% compared to the 87.6% average estimate based on six analysts.
- Commercial line - Combined ratio: 92.2% versus the six-analyst average estimate of 91.6%.
- Revenue- Property and Casualty- Net investment income: $518 million compared to the $488.60 million average estimate based on six analysts. The reported number represents a change of +12.6% year over year.
- Earned Premium- Commercial Line: $3.25 billion versus $3.26 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
- Earned Premium- Personal Lines: $885 million versus the six-analyst average estimate of $871.77 million. The reported number represents a year-over-year change of +12.9%.
- Revenue- Net investment income- Group benefits: $119 million versus the six-analyst average estimate of $117.61 million. The reported number represents a year-over-year change of -1.7%.
- Fee income- Personal Lines: $8 million versus $8.13 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
- Fee income- Commercial Line: $11 million versus $11.04 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Revenue- Earned premiums- Group benefits: $1.60 billion compared to the $1.62 billion average estimate based on six analysts. The reported number represents a change of +1.6% year over year.
- Total Property & Casualty- Earned Premium: $4.13 billion versus the six-analyst average estimate of $4.13 billion. The reported number represents a year-over-year change of +10.7%.
View all Key Company Metrics for The Hartford here>>>Shares of The Hartford have returned +2.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.