Discontinued — last reported Q4 '23
Products & Services · 3rd Year
Homeowners — 3rd Year
The Hartford Financial Services Group Homeowners — 3rd Year increased by 12.5% to 1.8% 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
Consistent levels indicate a stable and loyal customer base, which is essential for long-term profitability in personal lines.
Detailed definition
This metric measures the volume of homeowners insurance business for policies in their third year of coverage. It helps...
Peer comparison
Comparable to multi-year retention cohorts reported by major insurance carriers.
Metric ID:
hig_segment_homeowners_3rd_yearHistorical Data
3 periods
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | 1.4% | 1.6% | 1.8% |
| QoQ Change | — | +14.3% | +12.5% |
| YoY Change | — | +14.3% | +12.5% |
Range1.4% – 1.8%
Avg YoY Growth+13.4%
Median YoY Growth+13.4%
Current Streak2+ quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is The Hartford Financial Services Group's homeowners — 3rd year?
- The Hartford Financial Services Group (HIG) reported homeowners — 3rd year of 1.8% in Q4 2023.
- What does homeowners — 3rd year mean?
- The volume of homeowners insurance business for policies in their third year.