The Hartford reported second-quarter 2025 net income available to common stockholders of $990 million, or $3.44 per diluted share, a 35% increase from $733 million, or $2.44 per diluted share, in the same quarter last year.
Core earnings for the quarter were $981 million, or $3.41 per diluted share, up 31% from $750 million, or $2.50 per diluted share, in the prior-year period. The company reported a trailing 12-month return on equity (ROE) of 19.8% on net income and 17.0% on core earnings.
The Hartford’s property and casualty segment recorded an 8% increase in written premiums compared with the second quarter of 2024. This growth was led by business insurance and personal insurance, which posted premium increases of 8% and 7%, respectively.
This follows premium expansion reported in the first quarter of 2025, when the company disclosed a 9% year-over-year increase in P&C written premiums. Business insurance premiums rose 10% and personal insurance grew by 8% in that period, supporting a consistent growth trend across the first half of the year.
For Q2, business insurance posted a combined ratio of 87.0 for the quarter, with an underlying combined ratio of 88.0. Personal insurance reported a combined ratio of 94.1 and an underlying combined ratio also at 88.0.
In the prior quarter, personal insurance experienced significantly higher catastrophe losses, reporting a combined ratio of 106.1 and an underlying ratio of 89.7. Business insurance had a combined ratio of 94.4 and an underlying combined ratio of 88.4, reflecting less volatility but continued pressure from catastrophe events and reserve development.
The company also incurred $467 million in catastrophe losses before tax in the first quarter of 2025, largely due to severe weather and wildfires in California. Of that amount, $325 million was related to a January wildfire event and reported net of reinsurance. The scale of Q1 catastrophe costs added pressure to the earlier period’s underwriting margins, contrasting with more favorable conditions reported in the second quarter.
In the employee benefits segment, the net income margin for the second quarter was 8.5%, while the core earnings margin stood at 9.2%.
The company returned $549 million to shareholders during the quarter, which included $400 million in share repurchases and $149 million in dividends paid to common stockholders.
The Hartford’s chairman and CEO, Christopher Swift (pictured above), said second-quarter results brought core earnings close to $1 billion.
“We are expanding our market presence and growing with purpose. Our strategic investments are advancing innovation across the organization to benefit customers and distribution partners. We are confident in our ability to deliver profitable growth and capitalize on the opportunities ahead,” Swift said.
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