Overview
Hartford Q3 core EPS of $3.78 beats analyst expectations
Adjusted net income for Q3 beats estimates, reaching ~$1.1 bln
Company increases quarterly dividend by 15% to $0.60 per share
Outlook
Company did not provide specific guidance for future quarters or fiscal year in its press release
Result Drivers
P&C PREMIUM GROWTH - 9% increase in P&C earned premium driven by Business Insurance growth
LOWER CATASTROPHE LOSSES - Reduced catastrophe losses contributed to higher net income
PERSONAL INSURANCE IMPROVEMENT - Improved loss and loss adjustment expense ratio in Personal Insurance due to higher earned premiums and favorable PYD
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Core EPS
Beat
$3.78
$3.21 (20 Analysts)
Q3 EPS
$3.77
Q3 Adjusted Net Income
Beat
$1.08 bln
$896.31 mln (14 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Hartford Insurance Group Inc is $142.00, about 11.9% above its October 24 closing price of $125.11
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nBw1qZXdja
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
