What does workers' compensation — 2nd year mean?

Tracks the cumulative loss development and claim settlement activity for insurance policies in their second year of maturity. This helps actuaries refine reserve estimates as more claims are reported and settled.

The Hartford Financial Services Group HIG Workers' Compensation — 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%

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

ORIWorkers' Compensation — Year 2

24.1%-0.2pp

CNAWorkers' Compensation — Year 2

24.2%+0.8pp

UFCSCommercial workers' compensation — Year 2

31.7%+0.3pp

PRA

PRAWorkers' Compensation Insurance — Historical claims duration, year 2 (percent)

39.7%+0.3pp

ORIWorkers' Compensation — Year 3

13.6%-0.8pp

CNAWorkers' Compensation — Year 6

3.8%0.0pp

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 workers' compensation — 2nd year?: The Hartford Financial Services Group (HIG) reported workers' compensation — 2nd year of 18.6% in Q4 2025.
What does workers' compensation — 2nd year mean?: Tracks the cumulative loss development and claim settlement activity for insurance policies in their second year of maturity. This helps actuaries refine reserve estimates as more claims are reported and settled.