What does workers' compensation — 9th year mean?

This metric represents the net favorable or unfavorable development of loss reserves for workers' compensation claims that occurred nine years prior to the current reporting period. It reflects the accuracy of initial actuarial estimates and the subsequent emergence of claim costs as they mature over a long-term horizon. This is a critical indicator of the company's historical underwriting discipline and reserve adequacy within the commercial insurance segment.

The Hartford Financial Services Group HIG Workers' Compensation — 9th Year

Other product segments

General Liability

6.2%+67.6%

Marine

-1.6%-6.7%

Package Business

1%-28.6%

Professional liability

0.9%-62.5%

Automobiles

0.6%-33.3%

Surety Product Line

-0.4%-33.3%

Assumed Reinsurance

-0.3%-400%

Property Insurance

-0.1%0.0%

Similar metrics at other companies

CNAWorkers' Compensation — Year 9

0.8%-0.2pp

ORIWorkers' Compensation — Year 9

1.5%+0.5pp

CNAWorkers' Compensation — Year 10

0%—

CNAWorkers' Compensation — Year 8

1.2%0.0pp

CNAWorkers' Compensation — Year 7

2.3%0.0pp

AIGU.S. Workers' Compensation (before discount) — Year 9 (as a percent)

1.1%-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

See full

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearNine.

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 — 9th year?: The Hartford Financial Services Group (HIG) reported workers' compensation — 9th year of 1.5% in Q4 2025.
What does workers' compensation — 9th year mean?: This metric represents the net favorable or unfavorable development of loss reserves for workers' compensation claims that occurred nine years prior to the current reporting period. It reflects the accuracy of initial actuarial estimates and the subsequent emergence of claim costs as they mature over a long-term horizon. This is a critical indicator of the company's historical underwriting discipline and reserve adequacy within the commercial insurance segment.