Business Segments · Deferred Policy Acquisition Costs
Group Benefits — Deferred Policy Acquisition Costs
The Hartford Financial Services Group Group Benefits — Deferred Policy Acquisition Costs increased by 9.4% to $35.00M in Q4 2023 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
Rolls up toDeferred acquisition costs
How to read this metric
An increase suggests strong new business production, while a decrease may indicate slowing sales or high policy lapse rates.
Detailed definition
This is an asset on the balance sheet representing costs incurred to acquire new insurance business that are capitalized...
Peer comparison
Standard insurance accounting asset; comparable to DAC balances at any life or group insurance peer.
Metric ID:
hig_segment_group_benefits_deferred_policy_acquisition_costsHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | $31.00M | $32.00M | $35.00M |
| QoQ Change | — | +3.2% | +9.4% |
| YoY Change | — | +3.2% | +9.4% |
Range$31.00M – $35.00M
Avg YoY Growth+6.3%
Median YoY Growth+6.3%
Current Streak2+ quarters growth
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Frequently Asked Questions
- What is The Hartford Financial Services Group's group benefits — deferred policy acquisition costs?
- The Hartford Financial Services Group (HIG) reported group benefits — deferred policy acquisition costs of $35.00M in Q4 2023.
- What does group benefits — deferred policy acquisition costs mean?
- The capitalized costs of acquiring new insurance policies that will be expensed over time.