Business Segments · Net Income
Commercial Lines — Net Income
The Hartford Financial Services Group Commercial Lines — Net Income decreased by 2.2% to $528.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 1.7%, from $519.00M to $528.00M. Over 2 years (FY 2021 to FY 2023), Commercial Lines — Net Income shows an upward trend with a 8.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved underwriting profitability or investment performance within the commercial insurance portfolio.
Detailed definition
This represents the net profit generated by the Commercial Lines insurance segment after accounting for all underwriting...
Peer comparison
Standard across all P&C insurance carriers as segment-level net income.
Metric ID:
hig_segment_commercial_lines_net_incomeHistorical Data
14 periods
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $569.00M | $357.00M | $702.00M | $383.00M | $389.00M | $286.00M | $566.00M | $421.00M | $458.00M | $519.00M | $687.00M | $573.00M | $540.00M | $528.00M |
| QoQ Change | — | -37.3% | +96.6% | -45.4% | +1.6% | -26.5% | +97.9% | -25.6% | +8.8% | +13.3% | +32.4% | -16.6% | -5.8% | -2.2% |
| YoY Change | — | — | — | — | -31.6% | -19.9% | -19.4% | +9.9% | +17.7% | +81.5% | +21.4% | +36.1% | +17.9% | +1.7% |
Range$286.00M – $702.00M
CAGR-2.3%
Avg YoY Growth+11.5%
Median YoY Growth+13.8%
Current Streak3 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is The Hartford Financial Services Group's commercial lines — net income?
- The Hartford Financial Services Group (HIG) reported commercial lines — net income of $528.00M in Q3 2024.
- How has The Hartford Financial Services Group's commercial lines — net income changed year-over-year?
- The Hartford Financial Services Group's commercial lines — net income increased by 1.7% year-over-year, from $519.00M to $528.00M.
- What is the long-term trend for The Hartford Financial Services Group's commercial lines — net income?
- Over 2 years (2021 to 2023), The Hartford Financial Services Group's commercial lines — net income has grown at a 8.9% compound annual growth rate (CAGR), from $1.76B to $2.09B.
- What does commercial lines — net income mean?
- The total profit earned by the Commercial Lines insurance business after all costs and taxes.