| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 88 | 8.8x | 17.8x | Top tier | |
Growth | 58 | 8.0% | 7.1% | Around median | |
Quality | 95 | — | — | Top tier | |
Safety | 27 | — | — | Bottom tier | |
Capital Return | 65 | 1.70% | 2.12% | Around median | |
Momentum | 64 | 8.0% | 2.9% | Around median | |
Sentiment | 72 | 15 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
The Hartford Insurance Group operates through three main engines: Business Insurance, Personal Insurance, and Employee Benefits, alongside an investment portfolio that supports the group's income. In Business Insurance, the company combines Small Commercial, Middle & Large Commercial, and Global Specialty; in Personal Insurance, it underwrites auto and homeowners insurance through agencies, the direct channel, and its AARP relationship, while Employee Benefits generates revenue from life, disability, and family and medical leave coverages.
In Q2 fiscal 2026, revenue according to EDGAR filings was approximately $7.3 billion, net income was $1.3 billion, and earnings per share were $4.68. On the core earnings basis presented by management, the company generated $945 million, or $3.42 per diluted share, and core earnings return on equity was 18.7% for the twelve months ended that quarter; book value per share excluding accumulated other comprehensive income also rose to $78.91, up 15% year over year.
Business Insurance led operating performance with core earnings of $605 million, 5% growth in written premiums, and an 89.3% underlying combined ratio. Personal Insurance generated $128 million in core earnings and an 86.3% underlying combined ratio despite a 7% decline in written premiums, while Employee Benefits recorded $139 million in core earnings and a 7.4% margin. Net investment income also reached $800 million, up 22% from Q2 fiscal 2025, illustrating the combined contribution of underwriting and investments to the group's profitability.
The analyst consensus is "Buy," with an average target of $151.33 and a narrow range between $146 and $154. The average target and highest target are above the 52-week high of $146.07, but the lowest target nearly matches it; therefore, the valuation reflects optimism that underwriting profitability and share repurchases will continue, with clear sensitivity to liability reserve pressures and the decline in Personal Insurance. No usable price-to-earnings multiple was provided, so a reliable comparison based on it cannot be made from the available data.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Net income according to EDGAR was approximately $1.3 billion and earnings per share were $4.68, while core earnings were $945 million, or $3.42 per diluted share. Business Insurance generated $605 million in core earnings, Personal Insurance added $128 million, and Employee Benefits added $139 million. Net investment income also rose 22% year over year to $800 million, supporting an 18.7% core earnings return on equity for the twelve months ended that quarter.
Small Commercial grew written premiums by 7% during Q2 fiscal 2026, with a strong underlying combined ratio of 86.5%. Growth came from double-digit increases in insurance packages and E&S coverage attachments. The Hartford uses automation and digital services to accelerate pricing and improve its ease and accuracy, capabilities that management said are viewed positively by retail and wholesale brokers.
The company increased prior-year general liability reserves by $46 million in Q2 fiscal 2026 due to elevated activity in certain large losses, particularly in excess and umbrella coverages and across several accident years. In commercial auto, adverse developments emerged in the 2023 and 2024 accident years due to severity exceeding previous estimates, increased attorney representation, and time-limit demands. By contrast, workers' compensation, catastrophe, bond, and Personal Insurance reserves continued to show favorable prior-year development.
Automated analysis for informational purposes only — not investment advice.
The Personal Insurance underlying combined ratio improved by 1.7 points year over year to 86.3% in Q2 fiscal 2026, while the auto ratio improved by 1.9 points as earned pricing exceeded loss trends. However, written premiums declined 7%, with auto down 10% and homeowners flat, while the expense ratio rose to 26.3%. In July 2026, the contemporary agency-channel product became available in 23 states, and the agency business recorded 7% year-over-year growth despite continued competitive pressure on the direct channel.
The Hartford agreed to sell Hartford Funds to Wellington Management as a non-core long-term investment, with a structure that allows it to participate in some of the value of the combined entity. In July 2026, the board approved a new $4.2 billion share repurchase authorization through December 2028, in addition to approximately $650 million remaining from the previous authorization as of June 30, 2026. The company repurchased 3.4 million shares for $450 million during the quarter and expects to raise quarterly purchases to $475 million for the remainder of fiscal 2026.
Net investment income was $800 million in Q2 fiscal 2026, and the annualized pre-tax portfolio yield excluding limited partnerships was 4.7%. Management expects net investment income to grow during fiscal 2026, with total yields remaining generally near fiscal 2025 levels, while results may be affected by economic and geopolitical volatility. Employee Benefits recorded a 7.4% core earnings margin and $139 million in core earnings, but the group disability loss ratio rose 6.3 points year over year to 74.8% due to increased claim incidence.
