What does workers' compensation — 3rd year mean?

Measures the loss development and claim experience for insurance policies that have reached their third year of maturity. At this stage, a significant portion of claims are typically reported, allowing for more reliable reserve adjustments.

The Hartford Financial Services Group HIG Workers' Compensation — 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%

General Liability

12%+1.7%

Surety Product Line

11.8%+7.3%

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

ORIWorkers' Compensation — Year 3

13.6%-0.8pp

CNAWorkers' Compensation — Year 3

14.5%+0.3pp

PRA

PRAWorkers' Compensation Insurance — Historical claims duration, year 3 (percent)

14.4%-0.2pp

UFCSCommercial workers' compensation — Year 3

13.8%-0.7pp

SIGIWorkers Compensation — Short-duration insurance contracts, historical claims duration, year three

14.1%+1.0pp

ORIWorkers' Compensation — Year 9

1.5%+0.5pp

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: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 workers' compensation — 3rd year?: The Hartford Financial Services Group (HIG) reported workers' compensation — 3rd year of 12.2% in Q4 2025.
What does workers' compensation — 3rd year mean?: Measures the loss development and claim experience for insurance policies that have reached their third year of maturity. At this stage, a significant portion of claims are typically reported, allowing for more reliable reserve adjustments.