What does surety product line — 2nd year mean?

Refers to the loss development or claims experience for policies in their second year of coverage. This helps actuaries refine reserve estimates as more information becomes available about the underlying risk.

The Hartford Financial Services Group HIG Surety Product Line — 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%

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

CNASurety — Year 2

36.2%-4.8pp

ESN

ESNTProperty Insurance Product Line — Year 2

45%+3.0pp

CNASurety — Year 1

15.2%-2.1pp

CNASurety — Year 3

12.9%-3.5pp

CNASurety — Year 5

6.3%+2.4pp

CNASurety — Year 4

8.4%+0.3pp

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 surety product line — 2nd year?: The Hartford Financial Services Group (HIG) reported surety product line — 2nd year of 27.7% in Q4 2025.
How has The Hartford Financial Services Group's surety product line — 2nd year changed year-over-year?: The Hartford Financial Services Group's surety product line — 2nd year increased by 4.9% year-over-year, from 26.4% to 27.7%.
What does surety product line — 2nd year mean?: Refers to the loss development or claims experience for policies in their second year of coverage. This helps actuaries refine reserve estimates as more information becomes available about the underlying risk.