Discontinued — last reported Q4 '23
Group Insurance Policy — Gross Amount
The Hartford Financial Services Group Group Insurance Policy — Gross Amount remained flat by 0.0% to $1.61B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $1.50B to $1.61B. Over 2 years (FY 2021 to FY 2023), Group Insurance Policy — Gross Amount shows an upward trend with a 6.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher sales volume and market reach, while a decrease suggests contraction in new business or market share.
Detailed definition
Represents the total amount of premiums written by the group insurance segment before accounting for reinsurance cession...
Peer comparison
Commonly reported as Gross Written Premiums (GWP) across the insurance industry.
hig_segment_group_insurance_policy_gross_amountHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $5.66B | $5.99B | $6.45B |
| YoY Change | — | +5.7% | +7.6% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's group insurance policy — gross amount?
- The Hartford Financial Services Group (HIG) reported group insurance policy — gross amount of $1.61B in Q4 2023.
- How has The Hartford Financial Services Group's group insurance policy — gross amount changed year-over-year?
- The Hartford Financial Services Group's group insurance policy — gross amount increased by 7.6% year-over-year, from $1.50B to $1.61B.
- What is the long-term trend for The Hartford Financial Services Group's group insurance policy — gross amount?
- Over 2 years (2021 to 2023), The Hartford Financial Services Group's group insurance policy — gross amount has grown at a 6.7% compound annual growth rate (CAGR), from $5.66B to $6.45B.
- What does group insurance policy — gross amount mean?
- The total value of all insurance premiums written before reinsurance.