The Hartford reported net income available to common stockholders of $1.3 billion for the third quarter of 2026, a 23% increase from $1.1 billion during the same period last year.
The insurer reported earnings of $4.82 per diluted share, compared with $3.77 a year earlier. However, core earnings declined 6% to $956 million, compared with $1.02 billion in the third quarter of 2025.
Property and casualty written premiums increased 4%, driven by continued growth in commercial insurance. The company’s Business Insurance segment recorded a 6% increase in written premiums to $3.77 billion.
Business Insurance generated net income of $637 million, down from $710 million a year earlier. Its combined ratio was 91.3, compared with 88.8 in the prior-year quarter, while the underlying combined ratio was 90.1.
The Personal Insurance segment reported net income of $93 million, a 33% decline from the previous year. Its combined ratio increased to 93.2 from 88.7, reflecting higher catastrophe losses and other underwriting pressures.
Catastrophe losses across the company’s property and casualty operations totaled $198 million before taxes, compared with $70 million in the third quarter of 2025. The losses were primarily associated with tornadoes, wind and hail events.
The Hartford’s Employee Benefits business reported 4% growth in fully insured ongoing premiums, although quarterly net income declined 8% to $132 million.
Net investment income increased 13% to $850 million before taxes, supported by higher income from alternative investments and growth in invested assets.
Christopher Swift, chairman and CEO of The Hartford, said the company delivered strong results despite an increasingly competitive insurance market. He attributed the company’s performance to disciplined operations and continued investments in technology, data, artificial intelligence and risk management capabilities.
Chief Financial Officer Beth Costello highlighted the growth in commercial insurance premiums, improvement in the underlying Personal Insurance combined ratio and continued premium growth in Employee Benefits.
The Hartford also announced a 12% increase in its quarterly common stock dividend to $0.67 per share. During the quarter, the company returned $638 million to shareholders through dividends and share repurchases.
The results come as The Hartford prepares for a leadership transition. Swift confirmed that Mo Tooker will succeed him as CEO on March 1, 2027. Swift will become executive chair before his planned departure from that position in the second half of 2027.
The Hartford said it remains focused on underwriting discipline, technology investments and maintaining profitable growth across its insurance businesses.
Information for this article was provided by The Hartford. Views and claims expressed in this article are those of the source company and do not necessarily reflect the views of AgencyEquity.com. This article may have been edited with the help of AI.
