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HARTFORD FINANCIAL SERVICES GROUP, INC. (HIG)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Group Benefits | | 550.0 | 448.0 | 486.0 | 474.0 | 381.0 | | |
| Corporate | | 24.0 | 22.0 | 66.0 | 59.0 | 23.0 | | |
| Other | | 995.0 | 890.0 | 852.0 | 885.0 | 849.0 | | |
| Total revenues | 22,362.0 | 1,569.0 | 1,360.0 | 1,404.0 | 1,418.0 | 1,253.0 | 16,291.0 | 15,997.0 |
| Revenue growth | 1325.2% | 15.4% | -3.1% | -1.0% | 13.2% | -92.3% | 1.8% | -14.1% |
| Loss and loss adjustment expenses | | 12,729.0 | 11,805.0 | 11,472.0 | 11,165.0 | 10,174.0 | 9,961.0 | 9,325.0 |
| Policy acquisition costs | | 1,680.0 | 1,706.0 | 1,622.0 | 1,384.0 | 1,372.0 | 1,377.0 | 1,364.0 |
| Other underwriting costs | | | | | | | | |
| Investment expenses | | 80.0 | 71.0 | 83.0 | 77.0 | 71.0 | 59.0 | 59.0 |
| Other operating expenses | 20,104.0 | -16,050.0 | -14,578.0 | -14,592.0 | -13,259.0 | -11,403.0 | 4,120.0 | 3,425.0 |
| Equity in earnings | | | | | | 173.0 | -83.0 | 29.0 |
| EBITDA | | 3,811.0 | 3,022.0 | 3,180.0 | 2,512.0 | 1,438.0 | 1,172.0 | 2,176.0 |
| EBITDA margin | | 242.9% | 222.2% | 226.5% | 177.2% | 114.8% | 7.2% | 13.6% |
| Depreciation | | 609.0 | 490.0 | 385.0 | 399.0 | 385.0 | 394.0 | 369.0 |
| EBITA | 22,362.0 | 3,202.0 | 2,532.0 | 2,795.0 | 2,113.0 | 1,053.0 | 778.0 | 1,807.0 |
| EBITA margin | 100.0% | 204.1% | 186.2% | 199.1% | 149.0% | 84.0% | 4.8% | 11.3% |
| Amortization of intangibles | 71.0 | 71.0 | 72.0 | 66.0 | 68.0 | 14.0 | 4.0 | 4.0 |
| EBIT | 22,291.0 | 3,131.0 | 2,460.0 | 2,729.0 | 2,045.0 | 1,039.0 | 774.0 | 1,803.0 |
| EBIT margin | 99.7% | 199.6% | 180.9% | 194.4% | 144.2% | 82.9% | 4.8% | 11.3% |
| Interest expense, net [+] | 0.0 | 234.0 | 236.0 | 349.0 | 304.0 | 316.0 | 327.0 | 367.0 |
| Interest expense | | 234.0 | 236.0 | 259.0 | 298.0 | 316.0 | 327.0 | 346.0 |
| Interest income | | | | -90.0 | -6.0 | | | -21.0 |
| Pre-tax income | 2,258.0 | 2,896.0 | 2,120.0 | 2,560.0 | 1,753.0 | 723.0 | 447.0 | 1,478.0 |
| Income taxes | 443.0 | 531.0 | 383.0 | 475.0 | 268.0 | 985.0 | -166.0 | 289.0 |
| Tax rate | 19.6% | 18.3% | 18.1% | 18.6% | 15.3% | 136.2% | | 19.6% |
| Earnings from continuing ops | 1,794.0 | 2,344.0 | 1,716.0 | 2,064.0 | 1,479.0 | -262.0 | 896.0 | 696.0 |
| Earnings from discontinued ops | | | | | 322.0 | -2,869.0 | | 493.0 |
| Net income | 1,794.0 | 2,344.0 | 1,716.0 | 2,064.0 | 1,801.0 | -3,131.0 | 896.0 | 1,189.0 |
| Net margin | 8.0% | 149.4% | 126.2% | 147.0% | 127.0% | -249.9% | 5.5% | 7.4% |
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| Basic EPS | | $6.71 | $4.79 | $5.72 | $4.13 | ($0.72) | $2.31 | $1.68 |
| Diluted EPS | | $6.62 | $4.76 | $5.66 | $4.06 | ($0.72) | $2.27 | $1.64 |
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| Shares outstanding (basic) | | 349.1 | 358.3 | 360.9 | 358.4 | 363.7 | 387.7 | 415.5 |
| Shares outstanding (diluted) | | 354.1 | 360.6 | 364.9 | 364.1 | 363.7 | 394.8 | 425.2 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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