Earnings Releases·Oct 26, 2026, 4:07 PM ET

The Hartford — Third Quarter 2026 Earnings Summary

Net income available to common stockholders rose 23% year-over-year to $1.3 billion ($4.82 per share), driven by $594 million in net favorable prior accident year development including a $497 million gain from the asbestos and environmental adverse development cover commutation; however, core earnings declined 6% to $956 million ($3.50 per share) due to higher catastrophe losses and unfavorable development in specific segments.
Book value per diluted share increased 7% to $68.31, with book value excluding AOCI up 16% to $82.47, while the company returned $638 million to shareholders via $475 million in share repurchases and a 12% dividend increase to $0.67 per share.
Business Insurance delivered premium growth of 6% with an underlying combined ratio of 90.1, whereas Personal Insurance saw premiums decline 4% amid competitive pressures and $92 million in current accident year catastrophe losses, resulting in a 33% drop in net income for the segment.
Management announced a leadership transition where Mo Tooker will succeed Christopher Swift as CEO on March 1, 2027, while Swift will serve as Executive Chair before stepping down in the second half of 2027.
The company continues to invest in technology, data, and AI to navigate a competitive market, with total invested assets reaching $64.7 billion following the $1.12 billion A&E ADC commutation payment.