Hartford Financial Services Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Hartford Financial Services Group (NYSE:HIG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$6.76b (up 9.5% from 3Q 2023).

• Net income: US$761.0m (up 18% from 3Q 2023).

• Profit margin: 11% (in line with 3Q 2023).

• EPS: US$2.60 (up from US$2.12 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hartford Financial Services Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company’s shares are down 8.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Hartford Financial Services Group that we have uncovered.

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