What does automobiles — 3rd year mean?

The cumulative loss development or claims experience for automobile insurance policies in their third year of coverage. This metric is used to evaluate the maturity of claim settlements and the stability of long-term loss reserves.

The Hartford Financial Services Group HIG Automobiles — 3rd Year

Other product segments

Professional liability

15.9%-3.6%

Marine

15.8%-6.0%

Assumed Reinsurance

14.7%+3.5%

Workers' Compensation

12.2%+0.8%

General Liability

12%+1.7%

Surety Product Line

11.8%+7.3%

Package Business

9.8%+2.1%

Property Insurance

9.4%-1.1%

Commercial automobile physical damage

0.4%+300%

Personal automobile physical damage

-0.2%+50.0%

Similar metrics at other companies

UFCSCommercial automobile — Year 3

17.3%+0.4pp

HMNAutomobile Liability — Year Three

15%+0.1pp

CNACommercial Auto — Year 3

19.1%+0.7pp

KMPRCommercial Automobile Insurance—Liability — Year 3

65.6%-3.5pp

UFCSCommercial automobile — Year 2

21.3%+0.3pp

HGTYAuto — Year 3

6.5%+0.3pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 — 3rd year?: The Hartford Financial Services Group (HIG) reported automobiles — 3rd year of 37.2% in Q4 2025.
How has The Hartford Financial Services Group's automobiles — 3rd year changed year-over-year?: The Hartford Financial Services Group's automobiles — 3rd year increased by 2.2% year-over-year, from 36.4% to 37.2%.
What does automobiles — 3rd year mean?: The cumulative loss development or claims experience for automobile insurance policies in their third year of coverage. This metric is used to evaluate the maturity of claim settlements and the stability of long-term loss reserves.