Discontinued — last reported Q3 '24
Group Benefits — Earned premiums and fee income
The Hartford Financial Services Group Group Benefits — Earned premiums and fee income decreased by 0.6% to $1.66B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 1.6%, from $1.63B to $1.66B. Over 2 years (FY 2021 to FY 2023), Group Benefits — Earned premiums and fee income shows an upward trend with a 7.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growth in the customer base or higher premium rates, while a decrease suggests loss of market share or reduced demand.
Detailed definition
This metric measures the revenue recognized by the Group Benefits segment from insurance premiums and service fees durin...
Peer comparison
Standard revenue metric for insurance segments, comparable to gross written or earned premiums at peer group insurers.
hig_segment_group_benefits_earned_premiums_and_fee_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 | $1.43B | $1.42B | $1.43B | $1.49B | $1.52B | $1.50B | $1.55B | $1.61B | $1.63B | $1.63B | $1.65B | $1.64B | $1.67B | $1.66B |
| QoQ Change | — | -0.8% | +0.8% | +4.4% | +1.8% | -0.9% | +2.8% | +4.1% | +1.3% | -0.1% | +1.1% | -0.5% | +1.6% | -0.6% |
| YoY Change | — | — | — | — | +6.3% | +6.3% | +8.3% | +8.0% | +7.4% | +8.3% | +6.5% | +1.9% | +2.1% | +1.6% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's group benefits — earned premiums and fee income?
- The Hartford Financial Services Group (HIG) reported group benefits — earned premiums and fee income of $1.66B in Q3 2024.
- How has The Hartford Financial Services Group's group benefits — earned premiums and fee income changed year-over-year?
- The Hartford Financial Services Group's group benefits — earned premiums and fee income increased by 1.6% year-over-year, from $1.63B to $1.66B.
- What is the long-term trend for The Hartford Financial Services Group's group benefits — earned premiums and fee income?
- Over 2 years (2021 to 2023), The Hartford Financial Services Group's group benefits — earned premiums and fee income has grown at a 7.0% compound annual growth rate (CAGR), from $5.69B to $6.52B.
- What does group benefits — earned premiums and fee income mean?
- The total revenue generated from insurance premiums and service fees within the Group Benefits segment.