Employee Benefits — Income Tax
The Hartford Financial Services Group Employee Benefits — Income Tax decreased by 11.8% to $30.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.8%, from $34.00M to $30.00M. Over 3 years (FY 2022 to FY 2025), Employee Benefits — Income Tax shows an upward trend with a 24.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to pre-tax income may suggest a higher effective tax rate due to changes in tax law or geographic earnings mix, while a decrease may indicate tax planning efficiencies.
Detailed definition
This represents the portion of the Employee Benefits segment's pre-tax earnings allocated to federal, state, and local i...
Peer comparison
Standard across insurance peers; usually evaluated as a percentage of pre-tax segment income.
hig_segment_employee_benefits_income_tax_expenseHistorical Data
| 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 | $18.75M | $18.75M | $18.75M | $18.75M | $33.25M | $33.25M | $33.25M | $33.25M | $26.00M | $44.00M | $38.00M | $33.00M | $34.00M | $39.00M | $36.00M | $34.00M | $30.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +77.3% | +0.0% | +0.0% | +0.0% | -21.8% | +69.2% | -13.6% | -13.2% | +3.0% | +14.7% | -7.7% | -5.6% | -11.8% |
| YoY Change | — | — | — | — | +77.3% | +77.3% | +77.3% | +77.3% | -21.8% | +32.3% | +14.3% | -0.8% | +30.8% | -11.4% | -5.3% | +3.0% | -11.8% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's employee benefits — income tax?
- The Hartford Financial Services Group (HIG) reported employee benefits — income tax of $30.00M in Q1 2026.
- How has The Hartford Financial Services Group's employee benefits — income tax changed year-over-year?
- The Hartford Financial Services Group's employee benefits — income tax decreased by 11.8% year-over-year, from $34.00M to $30.00M.
- What is the long-term trend for The Hartford Financial Services Group's employee benefits — income tax?
- Over 3 years (2022 to 2025), The Hartford Financial Services Group's employee benefits — income tax has grown at a 24.0% compound annual growth rate (CAGR), from $75.00M to $143.00M.
- What does employee benefits — income tax mean?
- The total amount of income tax the Employee Benefits segment is required to pay on its earnings.