Discontinued — last reported Q4 '23
Products & Services · 1st Year
Homeowners — 1st Year
The Hartford Financial Services Group Homeowners — 1st Year decreased by 0.9% to 68.7% in Q4 2023 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ4 2023
How to read this metric
An increase suggests successful customer acquisition and effective marketing, while a decrease may indicate competitive pressure or reduced demand.
Detailed definition
This metric represents the earned premiums or policy count for homeowners insurance policies within their first year of...
Peer comparison
Comparable to new business premium metrics reported by major personal lines insurers like Allstate or Progressive.
Metric ID:
hig_segment_homeowners_1st_yearHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 70.7% | 69.3% | 68.7% |
| QoQ Change | — | -2.0% | -0.9% |
| YoY Change | — | -2.0% | -0.9% |
Range68.7% – 70.7%
Avg YoY Growth-1.4%
Median YoY Growth-1.4%
Current Streak2+ quarters decline
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Frequently Asked Questions
- What is The Hartford Financial Services Group's homeowners — 1st year?
- The Hartford Financial Services Group (HIG) reported homeowners — 1st year of 68.7% in Q4 2023.
- What does homeowners — 1st year mean?
- The volume of homeowners insurance business generated from new policies in their first year.