What does package business — 3rd year mean?

Refers to the loss experience or premium development for policies in their third year of coverage within the package business segment. This data point is essential for understanding the long-tail nature of claims and the accuracy of multi-year loss projections.

The Hartford Financial Services Group HIG Package Business — 3rd Year

Other product segments

Automobiles

37.2%+2.2%

Professional liability

15.9%-3.6%

Marine

15.8%-6.0%

Assumed Reinsurance

14.7%+3.5%

Workers' Compensation

12.2%+0.8%

General Liability

12%+1.7%

Surety Product Line

11.8%+7.3%

Property Insurance

9.4%-1.1%

Commercial automobile physical damage

0.4%+300%

Personal automobile physical damage

-0.2%+50.0%

Similar metrics at other companies

GLREProperty — Year 3

8.8%+0.3pp

ACGLThird party occurrence business — Year Three

12.4%+0.1pp

GLRESpecialty — Year 3

43%+2.6pp

AXSInsurance — Year 3

15.3%—

SPNTProperty Other — Year 3

41.4%+12.0pp

UFCSPersonal — Year 3

13.8%+7.6pp

Other financials

Income statement

See full

Revenue$7.2B+6.1%

Net income$856.0M+35.9%

EPS (diluted)$3.04+41.4%

Balance sheet

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Cash & equivalents$166.0M+20.3%

Total debt$4.4B+0.1%

Total equity$18.9B+12.1%

Total assets$86.3B+4.9%

Cash flow

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Operating cash flow$1.0B+6.1%

CapEx$31.0M-18.4%

Free cash flow$1.0B+7.1%

Valuation

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Market cap$36.7B+2.1%

Enterprise value$40.91B+1.9%

P/E9×-2.0×

P/S1.3×0.0×

Profitability

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Net margin14.1%+3.0pp

FCF margin20.2%-0.8pp

Returns & leverage

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Return on equity22.7%+4.2pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by The Hartford Financial Services Group in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

The official record: The Hartford Financial Services Group’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hartford Financial Services Group's package business — 3rd year?: The Hartford Financial Services Group (HIG) reported package business — 3rd year of 9.8% in Q4 2025.
How has The Hartford Financial Services Group's package business — 3rd year changed year-over-year?: The Hartford Financial Services Group's package business — 3rd year increased by 2.1% year-over-year, from 9.6% to 9.8%.
What does package business — 3rd year mean?: Refers to the loss experience or premium development for policies in their third year of coverage within the package business segment. This data point is essential for understanding the long-tail nature of claims and the accuracy of multi-year loss projections.