What does automobiles — 2nd year mean?

The cumulative loss development or claims experience for automobile insurance policies as they reach their second year of coverage. It provides insight into the long-tail nature of claims and the accuracy of initial loss estimates.

The Hartford Financial Services Group HIG Automobiles — 2nd Year

Other product segments

Property Insurance

58.1%0.0%

Assumed Reinsurance

32.4%-1.8%

Marine

31.5%-1.6%

Surety Product Line

27.7%+4.9%

Package Business

22.2%-0.9%

Workers' Compensation

18.6%+1.1%

Professional liability

16.7%+3.7%

Commercial automobile physical damage

14.7%-15.0%

General Liability

8.3%+6.4%

Personal automobile physical damage

4.4%-30.2%

Similar metrics at other companies

HMNAutomobile Liability — Year Two

35.6%+0.3pp

UFCSCommercial automobile — Year 2

21.3%+0.3pp

KMPRCommercial Automobile Insurance—Liability — Year 2

46.6%-5.5pp

TRVAutomobile — Short-duration Insurance Contracts, Historical Claims Duration, Year Two

42.6%+0.4pp

KMPRCommercial Automobile Insurance—Physical Damage — Year 2

100%0.0pp

CNACommercial Auto — Year 2

22.5%+0.2pp

Other financials

Income statement

See full

Revenue$7.2B+6.1%

Net income$856.0M+35.9%

EPS (diluted)$3.04+41.4%

Balance sheet

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Cash & equivalents$166.0M+20.3%

Total debt$4.4B+0.1%

Total equity$18.9B+12.1%

Total assets$86.3B+4.9%

Cash flow

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Operating cash flow$1.0B+6.1%

CapEx$31.0M-18.4%

Free cash flow$1.0B+7.1%

Valuation

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Market cap$36.7B+2.1%

Enterprise value$40.91B+1.9%

P/E9×-2.0×

P/S1.3×0.0×

Profitability

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Net margin14.1%+3.0pp

FCF margin20.2%-0.8pp

Returns & leverage

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Return on equity22.7%+4.2pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by The Hartford Financial Services Group in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

The official record: The Hartford Financial Services Group’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hartford Financial Services Group's automobiles — 2nd year?: The Hartford Financial Services Group (HIG) reported automobiles — 2nd year of 54.1% in Q4 2025.
How has The Hartford Financial Services Group's automobiles — 2nd year changed year-over-year?: The Hartford Financial Services Group's automobiles — 2nd year increased by 0.6% year-over-year, from 53.8% to 54.1%.
What does automobiles — 2nd year mean?: The cumulative loss development or claims experience for automobile insurance policies as they reach their second year of coverage. It provides insight into the long-tail nature of claims and the accuracy of initial loss estimates.