What does professional liability — 2nd year mean?

Measures the cumulative loss development and claim adjustments for professional liability policies in their second year of maturity. It captures the evolution of reserves as more claims are reported and settled following the initial policy period.

The Hartford Financial Services Group HIG Professional liability — 2nd Year

Other product segments

Property Insurance

58.1%0.0%

Automobiles

54.1%+0.6%

Assumed Reinsurance

32.4%-1.8%

Marine

31.5%-1.6%

Surety Product Line

27.7%+4.9%

Package Business

22.2%-0.9%

Workers' Compensation

18.6%+1.1%

Commercial automobile physical damage

14.7%-15.0%

General Liability

8.3%+6.4%

Personal automobile physical damage

4.4%-30.2%

Similar metrics at other companies

CNAMedical Professional Liability — Year 2

16.6%+0.3pp

CNAOther Professional Liability and Management Liability — Year 2

19.5%-0.1pp

CNAOther Professional Liability and Management Liability — Year 3

19.8%+0.6pp

CNAOther Professional Liability and Management Liability — Year 6

7.3%+0.4pp

CNAOther Professional Liability and Management Liability — Year 5

11.5%+1.0pp

CNAGeneral Liability — Year 2

12.1%-0.4pp

Other financials

Income statement

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 professional liability — 2nd year?: The Hartford Financial Services Group (HIG) reported professional liability — 2nd year of 16.7% in Q4 2025.
How has The Hartford Financial Services Group's professional liability — 2nd year changed year-over-year?: The Hartford Financial Services Group's professional liability — 2nd year increased by 3.7% year-over-year, from 16.1% to 16.7%.
What does professional liability — 2nd year mean?: Measures the cumulative loss development and claim adjustments for professional liability policies in their second year of maturity. It captures the evolution of reserves as more claims are reported and settled following the initial policy period.