The Hartford (HIG) reported $4.67 billion in income for the quarter ended September 2024, representing a year-over-year improve of 10.9%. EPS of $2.53 for a similar interval compares to $2.29 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $4.62 billion, representing a shock of +1.06%. The corporate delivered an EPS shock of +1.61%, with the consensus EPS estimate being $2.49.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders challenge a inventory’s value efficiency extra precisely.
Right here is how The Hartford carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Business line – Loss and loss adjustment expense ratio: 61% versus the six-analyst common estimate of 60.4%.
- Business line – Expense ratio: 30.9% versus 30.9% estimated by six analysts on common.
- Business Strains – Underlying mixed ratio: 88.6% in comparison with the 87.6% common estimate based mostly on six analysts.
- Business line – Mixed ratio: 92.2% versus the six-analyst common estimate of 91.6%.
- Income- Property and Casualty- Internet funding earnings: $518 million in comparison with the $488.60 million common estimate based mostly on six analysts. The reported quantity represents a change of +12.6% yr over yr.
- Earned Premium- Business Line: $3.25 billion versus $3.26 billion estimated by six analysts on common. In comparison with the year-ago quarter, this quantity represents a +10.1% change.
- Earned Premium- Private Strains: $885 million versus the six-analyst common estimate of $871.77 million. The reported quantity represents a year-over-year change of +12.9%.
- Income- Internet funding income- Group advantages: $119 million versus the six-analyst common estimate of $117.61 million. The reported quantity represents a year-over-year change of -1.7%.
- Price income- Private Strains: $8 million versus $8.13 million estimated by six analysts on common. In comparison with the year-ago quarter, this quantity represents a +14.3% change.
- Price income- Business Line: $11 million versus $11.04 million estimated by six analysts on common. In comparison with the year-ago quarter, this quantity represents a 0% change.
- Income- Earned premiums- Group advantages: $1.60 billion in comparison with the $1.62 billion common estimate based mostly on six analysts. The reported quantity represents a change of +1.6% yr over yr.
- Whole Property & Casualty- Earned Premium: $4.13 billion versus the six-analyst common estimate of $4.13 billion. The reported quantity represents a year-over-year change of +10.7%.
View all Key Company Metrics for The Hartford here>>>
Shares of The Hartford have returned +2.8% over the previous month versus the Zacks S&P 500 composite’s +1.5% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.
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The Hartford Financial Services Group, Inc. (HIG) : Free Stock Analysis Report
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