Q2 2026 Hartford Insurance Group Inc Earnings Call Transcript
Key Points
- The Hartford Insurance Group Inc (HIG) reported strong core earnings of $945 million, with a core earnings ROE of 18.7% over the trailing 12 months.
- The company announced a new share repurchase authorization of $4.2 billion, reflecting strong capital generation and expected cash proceeds from the sale of Hartford Funds.
- Business Insurance delivered strong written premium growth of 5% with an underlying combined ratio of 89.3%, showcasing excellent execution and underwriting discipline.
- Employee Benefits experienced strong premium growth with a core earnings margin of 7.4%, driven by excellent life and solid disability results.
- Investments in automation and digital services have enhanced underwriting effectiveness and improved productivity, positioning the company well for future growth.
- Personal Insurance saw a decline in written premium by 7%, with a 10% decline in auto, impacted by a competitive market.
- General liability reserves were increased due to a higher frequency of large losses in excess casualty and umbrella lines.
- Commercial auto liability reserves were increased due to adverse loss development, driven by higher severity than previously estimated.
- The Personal Insurance expense ratio increased from 25.1% to 26.3%, primarily due to lower earned premiums and higher commissions.
- The company faces increasing competition in the middle and large commercial space, which could impact growth in the second half of the year.
Hello, everyone. Thank you for joining us, and welcome to The Hartford second quarter 2026 financial results webcast. (Operator Instructions)
I will now hand the conference over to Kate Jorens, Senior Vice President, Treasurer, and Head of Investor Relations. Kate, please go ahead.
Good morning, and thank you for joining us today for The Hartford second quarter 2026 earnings call and webcast. Yesterday, we reported results and posted all earnings-related materials on our website.
Before we begin, please note that our presentation includes forward-looking statements, which are not guarantees of future performance and may differ materially from actual results. We do not assume any obligation to update these statements. Investors should consider the risks and uncertainties detailed in our recent SEC filings, news release and financial supplement, which are available on the Investor Relations section of thehartford.com. Our commentary includes non-GAAP financial
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