Hartford Financial Services Group (HIG) financial statements
Hartford Financial Services Group reported revenue of $28.4B in fiscal 2025, up 6.4% a year over 9 years.
Net income was $3.8B and the operating margin 16.8%, against 2.7% in 2016.
Free cash flow was $5.8B, and the company returned $592M in dividends and $1.6B in net buybacks.
The diluted share count fell 27% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hartford Financial Services Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.3B | $17.2B | $19.0B | $20.7B | $20.5B | $22.4B | $22.4B | $24.5B | $26.5B | $28.4B |
| Selling, general and admin | — | — | $4.3B | $4.6B | $4.5B | $4.8B | $4.8B | $4.9B | $5.3B | $5.6B |
| Operating income | $447M | $723M | $1.8B | $2.6B | $2.1B | $2.9B | $2.3B | $3.1B | $3.8B | $4.8B |
| Interest expense | $327M | $316M | $298M | $259M | $236M | $234M | $213M | $199M | $199M | $199M |
| Pre-tax income | $447M | $723M | $1.8B | $2.6B | $2.1B | $2.9B | $2.3B | $3.1B | $3.8B | $4.8B |
| Income tax | -$166M | $985M | $268M | $475M | $383M | $534M | $443M | $584M | $738M | $924M |
| Net income | $896M | -$3.1B | $1.8B | $2.1B | $1.7B | $2.4B | $1.8B | $2.5B | $3.1B | $3.8B |
| EPS (diluted) | $2.27 | -$8.61 | $4.95 | $5.66 | $4.76 | $6.64 | $5.46 | $7.97 | $10.35 | $13.32 |
| Diluted shares | 395M | 364M | 364M | 365M | 361M | 354M | 330M | 312M | 299M | 286M |
| Operating margin | 2.7% | 4.2% | 9.2% | 12.3% | 10.3% | 13.0% | 10.1% | 12.6% | 14.5% | 16.8% |
| Net margin | 5.5% | -18.2% | 9.5% | 10.1% | 8.5% | 10.6% | 8.1% | 10.2% | 11.7% | 13.5% |
Balance sheet
Fiscal years, from Hartford Financial Services Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.6B | $180M | $112M | $185M | $151M | $205M | $229M | $126M | $183M | $122M |
| Receivables | $3.7B | $3.9B | $4.0B | $4.4B | $4.3B | $4.4B | $4.9B | $5.6B | $6.0B | $6.3B |
| Property, plant and equipment | $991M | $1.0B | $1.0B | $1.2B | $1.1B | $1.0B | $927M | $896M | $888M | $924M |
| Goodwill | $567M | $1.3B | $1.3B | $1.9B | $1.9B | $1.9B | $1.9B | $1.9B | $1.9B | $1.6B |
| Total assets | $224.6B | $225.3B | $62.3B | $70.8B | $74.1B | $76.6B | $73.0B | $76.8B | $80.9B | $86.0B |
| Long-term debt | $4.6B | $4.7B | $4.3B | $4.3B | $4.4B | $4.9B | $4.4B | $4.4B | $4.4B | $4.4B |
| Total liabilities | $207.7B | $211.8B | $49.2B | $54.5B | $55.6B | $58.7B | $59.3B | $61.5B | $64.5B | $67.0B |
| Shareholders' equity | $16.9B | $13.5B | $13.1B | $16.3B | $18.6B | $17.8B | $13.7B | $15.3B | $16.4B | $19.0B |
| Net debt | $4.3B | $4.5B | $4.2B | $4.2B | $4.2B | $4.7B | $4.1B | $4.2B | $4.2B | $4.2B |
Cash flow
Fiscal years, from Hartford Financial Services Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.1B | $2.2B | $2.8B | $3.5B | $3.9B | $4.1B | $4.0B | $4.2B | $5.9B | $5.9B |
| Capital spending | $224M | $250M | $122M | $105M | $114M | $133M | $175M | $215M | $145M | $169M |
| Free cash flow | $1.8B | $1.9B | $2.7B | $3.4B | $3.8B | $4.0B | $3.8B | $4.0B | $5.8B | $5.8B |
| Stock-based compensation | $81M | $116M | $130M | $125M | $116M | $128M | $131M | $125M | $133M | $141M |
| Dividends paid | $334M | $341M | $379M | $433M | $457M | $485M | $506M | $528M | $556M | $592M |
| Share buybacks (net) | -$1.3B | -$1.0B | $0 | -$200M | -$150M | -$1.7B | -$1.6B | -$1.4B | -$1.5B | -$1.6B |
| Net borrowing | -$275M | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 11.3% | 11.3% | 14.4% | 16.3% | 18.3% | 17.7% | 17.1% | 16.3% | 21.7% | 20.3% |
| Dividends per share | $0.85 | $0.94 | $1.04 | $1.19 | $1.27 | $1.37 | $1.54 | $1.70 | $1.86 | $2.07 |
Questions
What was Hartford Financial Services Group's revenue in 2025?
$28.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Hartford Financial Services Group generate?
$5.8B in fiscal 2025 (operating cash flow minus capital spending).
From Hartford Financial Services Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.