Discontinued — last reported Q3 '23
Allowance for credit losses
The Hartford Financial Services Group Allowance for credit losses remained flat by 0.0% to $16.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.3%, from $14.00M to $16.00M. Over 5 years (FY 2020 to FY 2025), Allowance for credit losses shows a downward trend with a -7.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase often signals management's expectation of deteriorating credit quality or economic headwinds, while a decrease may suggest improved borrower health.
Detailed definition
A contra-asset account representing the bank's estimate of uncollectible amounts within its loan portfolio. This reserve...
Peer comparison
Required by accounting standards (e.g., CECL or IFRS 9) for all banks; essential for comparing risk-adjusted performance.
bank_allowance_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.00M | $4.00M | $1.00M | $13.00M | $13.00M | $15.00M | $12.00M | $17.00M | $18.00M | $20.00M | $21.00M | $18.00M | $19.00M | $16.00M | $16.00M | $14.00M | $14.00M | $14.00M | $16.00M | $16.00M |
| QoQ Change | — | +0.0% | -75.0% | >999% | +0.0% | +15.4% | -20.0% | +41.7% | +5.9% | +11.1% | +5.0% | -14.3% | +5.6% | -15.8% | +0.0% | -12.5% | +0.0% | +0.0% | +14.3% | +0.0% |
| YoY Change | — | — | — | — | +225.0% | +275.0% | >999% | +30.8% | +38.5% | +33.3% | +75.0% | +5.9% | +5.6% | -20.0% | -23.8% | -22.2% | -26.3% | -12.5% | +0.0% | +14.3% |
Allowance for credit losses at Other Companies
Frequently Asked Questions
- What is The Hartford Financial Services Group's allowance for credit losses?
- The Hartford Financial Services Group (HIG) reported allowance for credit losses of $16.00M in Q1 2026.
- How has The Hartford Financial Services Group's allowance for credit losses changed year-over-year?
- The Hartford Financial Services Group's allowance for credit losses increased by 14.3% year-over-year, from $14.00M to $16.00M.
- What is the long-term trend for The Hartford Financial Services Group's allowance for credit losses?
- Over 5 years (2020 to 2025), The Hartford Financial Services Group's allowance for credit losses has grown at a -7.0% compound annual growth rate (CAGR), from $23.00M to $16.00M.
- What does allowance for credit losses mean?
- The amount of money the bank has set aside to cover potential losses from loans that may not be repaid.