What does surety product line — 3rd year mean?

Refers to the loss development or claims experience for policies in their third year of coverage. At this stage, the claims profile becomes more stable as the majority of short-tail risks have been settled.

The Hartford Financial Services Group HIG Surety Product Line — 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%

Package Business

9.8%+2.1%

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

CNASurety — Year 3

12.9%-3.5pp

ESN

ESNTProperty Insurance Product Line — Year 3

29%+1.0pp

CNASurety — Year 2

36.2%-4.8pp

RLISurety Insurance — Shortduration Insurance Contracts Historical Claims Duration Year Three

12.7%-0.2pp

CNASurety — Year 4

8.4%+0.3pp

CNASurety — Year 1

15.2%-2.1pp

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 surety product line — 3rd year?: The Hartford Financial Services Group (HIG) reported surety product line — 3rd year of 11.8% in Q4 2025.
How has The Hartford Financial Services Group's surety product line — 3rd year changed year-over-year?: The Hartford Financial Services Group's surety product line — 3rd year increased by 7.3% year-over-year, from 11% to 11.8%.
What does surety product line — 3rd year mean?: Refers to the loss development or claims experience for policies in their third year of coverage. At this stage, the claims profile becomes more stable as the majority of short-tail risks have been settled.