Discontinued — last reported Q4 '23
Group Benefits — Insurance Operating Costs and Other Expenses
The Hartford Financial Services Group Group Benefits — Insurance Operating Costs and Other Expenses remained flat by 0.0% to $388.50M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $376.75M to $388.50M. Over 2 years (FY 2021 to FY 2023), Group Benefits — Insurance Operating Costs and Other Expenses shows relatively stable performance with a 4.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Lower expenses relative to revenue indicate higher operational efficiency and better expense management.
Detailed definition
General administrative and operational expenses required to run the group benefits business, excluding direct claim cost...
Peer comparison
Standard operating expense metric for insurance segments.
hig_segment_group_benefits_insurance_operating_costs_and_other_expensesHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $1.41B | $1.51B | $1.55B |
| YoY Change | — | +6.7% | +3.1% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's group benefits — insurance operating costs and other expenses?
- The Hartford Financial Services Group (HIG) reported group benefits — insurance operating costs and other expenses of $388.50M in Q4 2023.
- How has The Hartford Financial Services Group's group benefits — insurance operating costs and other expenses changed year-over-year?
- The Hartford Financial Services Group's group benefits — insurance operating costs and other expenses increased by 3.1% year-over-year, from $376.75M to $388.50M.
- What is the long-term trend for The Hartford Financial Services Group's group benefits — insurance operating costs and other expenses?
- Over 2 years (2021 to 2023), The Hartford Financial Services Group's group benefits — insurance operating costs and other expenses has grown at a 4.9% compound annual growth rate (CAGR), from $1.41B to $1.55B.
- What does group benefits — insurance operating costs and other expenses mean?
- The day-to-day administrative costs of running the insurance business segment.