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HIG (The Hartford Insurance Group) Property, Plant and Equipment : $888 Mil (As of Dec. 2024)


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What is The Hartford Insurance Group Property, Plant and Equipment?

The Hartford Insurance Group's quarterly net PPE declined from Jun. 2024 ($878 Mil) to Sep. 2024 ($871 Mil) but then increased from Sep. 2024 ($871 Mil) to Dec. 2024 ($888 Mil).

The Hartford Insurance Group's annual net PPE declined from Dec. 2022 ($927 Mil) to Dec. 2023 ($896 Mil) and declined from Dec. 2023 ($896 Mil) to Dec. 2024 ($888 Mil).


The Hartford Insurance Group Property, Plant and Equipment Historical Data

The historical data trend for The Hartford Insurance Group's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Hartford Insurance Group Property, Plant and Equipment Chart

The Hartford Insurance Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,122.00 1,027.00 927.00 896.00 888.00

The Hartford Insurance Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 896.00 879.00 878.00 871.00 888.00

The Hartford Insurance Group Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


The Hartford Insurance Group  (NYSE:HIG) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


The Hartford Insurance Group Property, Plant and Equipment Related Terms

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The Hartford Insurance Group Business Description

Traded in Other Exchanges
Address
One Hartford Plaza, Hartford, CT, USA, 06155
The Hartford Insurance Group Inc. provides property and casualty insurance, group benefits, and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust, and integrity.
Executives
Adin M Tooker officer: EVP ONE HARTFORD PLAZA, HARTFORD CT 06155
Deepa Soni officer: Executive Vice President ONE HARTFORD PLAZA, HARTFORD CT 06155
Lori A Rodden officer: Executive Vice President ONE HARTFORD PLAZA, HARTFORD CT 06155
Robert W Paiano officer: EVP & Chief Risk Officer ONE HARTFORD PLAZA, HARTFORD CT 06155
Michael R Fisher officer: EVP ONE HARTFORD PLAZA, HARTFORD CT 06155
Jonathan R Bennett officer: Executive Vice President THE HARTFORD, ONE HARTFORD PLAZA, HARTFORD CT 06155
Beth Ann Bombara officer: Sr.Vice Pres. and Controller ONE HARTFORD PLAZA, HARTFORD CT 06155
Allison G Niderno officer: SVP & Controller ONE HARTFORD PLAZA, HARTFORD CT 06155
David C Robinson officer: EVP and General Counsel ONE HARTFORD PLAZA, HARTFORD CT 06155
Stephanie C Bush officer: EVP ONE HARTFORD PLAZA, HARTFORD CT 06155
Christopher Swift officer: Executive VP and CFO HARBORSIDE FINANCIAL CENTER, 3200 PLAZA 5, JERSEY CITY NJ 07311
Amy Stepnowski officer: EVP ONE HARTFORD PLAZA, HARTFORD CT 06155
Douglas G Elliot officer: Executive Vice President TRAVELERSJ PROPERTY CASUALTY CORP, ONE TOWER SQ, HARTFORD CT 06118
Edmund Reese director C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Scott R. Lewis officer: SVP and Controller ONE HARTFORD PLAZA, HARTFORD CT 06155