Group Benefits — Net Income
The Hartford Financial Services Group Group Benefits — Net Income decreased by 8.8% to $156.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 6.8%, from $146.00M to $156.00M. Over 2 years (FY 2021 to FY 2023), Group Benefits — Net Income shows an upward trend with a 46.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved underwriting margins or operational efficiency, while a decrease may signal rising claims costs or competitive pricing pressure.
Detailed definition
This represents the bottom-line profitability of the Group Benefits segment after accounting for all insurance claims, o...
Peer comparison
Comparable to net income metrics for group life and disability segments at major diversified insurance carriers.
hig_segment_group_benefits_net_incomeHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $170.00M | $28.00M | $42.00M | -$6.00M | $104.00M | $86.00M | $140.00M | $92.00M | $121.00M | $146.00M | $176.00M | $108.00M | $171.00M | $156.00M |
| QoQ Change | — | -83.5% | +50.0% | -114.3% | >999% | -17.3% | +62.8% | -34.3% | +31.5% | +20.7% | +20.5% | -38.6% | +58.3% | -8.8% |
| YoY Change | — | — | — | — | -38.8% | +207.1% | +233.3% | >999% | +16.3% | +69.8% | +25.7% | +17.4% | +41.3% | +6.8% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's group benefits — net income?
- The Hartford Financial Services Group (HIG) reported group benefits — net income of $156.00M in Q3 2024.
- How has The Hartford Financial Services Group's group benefits — net income changed year-over-year?
- The Hartford Financial Services Group's group benefits — net income increased by 6.8% year-over-year, from $146.00M to $156.00M.
- What is the long-term trend for The Hartford Financial Services Group's group benefits — net income?
- Over 2 years (2021 to 2023), The Hartford Financial Services Group's group benefits — net income has grown at a 46.6% compound annual growth rate (CAGR), from $249.00M to $535.00M.
- What does group benefits — net income mean?
- The total profit earned by the Group Benefits business segment after all expenses and taxes.