$HIG · HARTFORD INSURANCE GROUP, INC.
Hartford Insurance Group filed its 10-Q for the quarter ended September 30, 2026. Net income rose 22.5% YoY to $1.323B, with diluted EPS of $4.82 versus $3.77 in Q3 2025. Total revenues reached $7.22B (+3.9% YoY), driven by earned premium growth of 4.2% to $6.35B and a 12.6% increase in net investment income to $850M. The underlying combined ratio improved 2.9 points to 87.1, though reported combined ratio rose to 93.2 from 88.7 due to elevated catastrophe losses.
- Q3 diluted EPS of $4.82 vs $3.77 a year ago, a 27.9% increase.
- Underlying combined ratio improved to 87.1 from 90.0, driven by a 3.1-point drop in underlying loss ratio.
- Net investment income rose 12.6% YoY to $850M, reflecting higher yields on fixed maturities.
- Total revenues grew 3.9% to $7.22B; earned premiums up 4.2% to $6.35B.
- Nine-month net income available to common stockholders reached $3.46B vs $2.69B in the prior-year period.
Extended-hours trading shows minimal reaction at $135.99 (+0.04% vs regular close). The $36.82B market-cap insurer's strong Q3 beat appears largely priced in, with the stock down 0.60% in the regular session.
Hartford delivered a 27.9% EPS jump with core underwriting margins improving even as catastrophe losses spiked — a sign of genuine pricing and risk-selection strength.
Hartford's underlying combined ratio of 87.1 outperforms most P&C peers, with the 3.1-point underlying loss ratio improvement signaling pricing discipline is holding even as renewal rate increases moderate from mid-teens to mid-single digits.
Catastrophe losses spiked to a 10.1 current accident year catastrophe ratio in Q3 vs 3.3 a year ago, adding 6.8 points to the combined ratio. Commercial real estate exposure includes $7.2B in mortgage loans and $7.9B in CMBS/RMBS, with $358M in BBB-rated CMBS/RMBS.