Discontinued — last reported Q4 '23
Products & Services · 2nd Year
Homeowners — 2nd Year
The Hartford Financial Services Group Homeowners — 2nd Year increased by 5.3% to 25.7% 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
VolatilityStable
First reportedQ4 2018
Last reportedQ4 2023
How to read this metric
Higher values indicate strong customer retention and satisfaction following the initial policy term.
Detailed definition
This metric tracks the performance or retention of homeowners insurance policies during their second year of coverage. I...
Peer comparison
Similar to second-year retention or renewal metrics used by property and casualty insurance peers.
Metric ID:
hig_segment_homeowners_2nd_yearHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 23.5% | 24.4% | 25.7% |
| QoQ Change | — | +3.8% | +5.3% |
| YoY Change | — | +3.8% | +5.3% |
Range23.5% – 25.7%
Avg YoY Growth+4.6%
Median YoY Growth+4.6%
Current Streak2+ quarters growth
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Frequently Asked Questions
- What is The Hartford Financial Services Group's homeowners — 2nd year?
- The Hartford Financial Services Group (HIG) reported homeowners — 2nd year of 25.7% in Q4 2023.
- What does homeowners — 2nd year mean?
- The volume of homeowners insurance business for policies entering their second year.