Hartford Insurance Group, Inc. has recently released its 10-K report, providing a detailed look into its operations and financial performance. The company, established in 1810 and headquartered in Hartford, Connecticut, offers insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its offerings include workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, accident, health, and reinsurance through various channels.
In the year ended December 31, 2024, Hartford Insurance reported total revenues of $20.7 billion, marking a 5% increase from the previous year. The company's net income attributable to common shareholders was $1.8 billion, showing a significant improvement from the previous year's $1.2 billion. The total assets of the company stood at $75.2 billion, with total liabilities at $59.8 billion. The company's investments, including equity securities, fixed maturities, and short-term investments, amounted to $59.6 billion.
The 10-K report also highlighted the company's risk factors, including potential impacts from natural disasters, regulatory changes, and economic downturns. Hartford Insurance emphasized the importance of effective internal control over financial reporting, with the management concluding that its internal control over financial reporting was effective as of December 31, 2024.
Christopher J. Swift, Chairman and Chief Executive Officer of Hartford Insurance, adopted a Rule 10b5-1 trading arrangement on November 4, 2024, for the potential exercise of vested stock options and associated sale of up to 294,481 shares of the company's common stock between March 4, 2025, and February 27, 2026, subject to certain conditions.
The 10-K report also provided information about the executive officers of the company, including their positions and business experience over the past five years. Additionally, it disclosed the equity compensation plan information, outlining the number of securities authorized for issuance under the company's equity compensation plans as of December 31, 2024.
As a result of these announcements, the company's shares have moved -0.8% on the market, and are now trading at a price of $111.44. For more information, read the company's full 10-K submission here.
