The Hartford reports 2023 financials

The Harford has released its financial results for the fourth quarter and whole of 2023.

Here are the numbers for the Connecticut-based insurance company:

Metric	Q4 2023	Q4 2022	FY 2023	FY 2022
Net income available to common stockholders	$766 million	$587 million	$2.5 billion	$1.8 billion
Commercial lines net income	$687 million	$566 million	$2.1 billion	$1.6 billion
Personal lines net income / (loss)	$34 million	$44 million	$(39 million)	$91 million
Group benefits net income	$176 million	$143 million	$535 million	$327 million
Hartford funds net income	$47 million	$45 million	$174 million	$162 million

Metric

Q4 2023

Q4 2022

FY 2023

FY 2022

Net income available to common stockholders

$766 million

$587 million

$2.5 billion

$1.8 billion

Commercial lines net income

$687 million

$566 million

$2.1 billion

$1.6 billion

Personal lines net income / (loss)

$34 million

$44 million

$(39 million)

$91 million

Group benefits net income

$176 million

$143 million

$535 million

$327 million

Hartford funds net income

$47 million

$45 million

$174 million

$162 million

The Hartford chairman and chief executive Christopher Swift said in a release: “Fourth quarter and full-year 2023 results were simply outstanding, demonstrating the effectiveness of our strategy, and our ability to consistently execute.

“Our 2023 core earnings ROE (return on equity) of 15.8% reflects exceptional underwriting in commercial lines, record core earnings from group benefits, and continued solid performance from our investment portfolio.”

The CEO added: “Building on another quarter and full year of exceptional performance, we are well positioned to sustain these results in 2024.”

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