What does property insurance — 2nd year mean?

This metric measures the cumulative loss development for the second year of an underwriting cohort. It allows actuaries to refine their estimates of ultimate losses as more claims are reported and settled. This is a key data point for evaluating the long-term profitability of specific underwriting years.

The Hartford Financial Services Group HIG Property Insurance — 2nd Year

Other product segments

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%

Professional liability

16.7%+3.7%

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

EGProperty Insurance — Year two

59.2%-2.4pp

AXSInsurance — Year 2

38.8%—

GLREProperty — Year 2

33.5%+0.3pp

ESN

ESNTProperty Insurance Product Line — Year 2

45%+3.0pp

SPNTProperty Other — Year 2

72.1%+2.7pp

LMNDProperty Insurance — Average annual percentage payout in year 2

18%0.0pp

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: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 property insurance — 2nd year?: The Hartford Financial Services Group (HIG) reported property insurance — 2nd year of 58.1% in Q4 2025.
How has The Hartford Financial Services Group's property insurance — 2nd year changed year-over-year?: The Hartford Financial Services Group's property insurance — 2nd year decreased by 0.0% year-over-year, from 58.1% to 58.1%.
What does property insurance — 2nd year mean?: This metric measures the cumulative loss development for the second year of an underwriting cohort. It allows actuaries to refine their estimates of ultimate losses as more claims are reported and settled. This is a key data point for evaluating the long-term profitability of specific underwriting years.