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The Hartford Financial Services Group HIG Workers' Compensation — Prior accident year development [1]

Other product segments

General Liability
$70M—
Property Insurance
-$19M+9.5%
Automobiles
-$15M-25.0%
Assumed reinsurance
$5M—
Marine
$4M—
Insurance, Other
$1M+125%

Similar metrics at other companies

Cincinnati Financial logo
CINFWorkers' Compensation Line — Prior accident years
-$9M+18.2%
CNA Financial logo
CNAWorkers' Compensation — Total net development for accident years prior to 2016
-$13M+54.8%
Markel logo
MKLWorkers' compensation — Incurred losses and loss adjustment expenses, prior accident years
-$17.1M-237%
CNA Financial logo
CNAWorkers Compensation — Net Prior Year Claimand Allocated Claim Adjustment Expense Reserve Development
-$34.75M-63.5%
American International Group logo
AIGU.S. Workers' Compensation (before discount) — Liabilities for losses and loss adjustment expenses and prior year development before accident year 2016, net of reinsurance
$3.45B-16.9%
American International Group logo
AIGU.S. Workers' Compensation (before discount) — Prior Year Development Net of External Reinsurance Before ADC Cessions
-$33.25M+51.3%

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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.

The official record: The Hartford Financial Services Group’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Hartford Financial Services Group's workers' compensation — prior accident year development [1]?
The Hartford Financial Services Group (HIG) reported workers' compensation — prior accident year development [1] of -$59M in Q1 2026.
How has The Hartford Financial Services Group's workers' compensation — prior accident year development [1] changed year-over-year?
The Hartford Financial Services Group's workers' compensation — prior accident year development [1] increased by 9.2% year-over-year, from -$65M to -$59M.
What is the long-term trend for The Hartford Financial Services Group's workers' compensation — prior accident year development [1]?
Over 3 years (2022 to 2025), The Hartford Financial Services Group's workers' compensation — prior accident year development [1] has grown at a 7.7% compound annual growth rate (CAGR), from -$204M to -$255M.
What does workers' compensation — prior accident year development [1] mean?
This metric represents the change in estimated ultimate losses for claims occurring in previous accident years. It reflects the difference between the initial reserves established and the current revised estimates based on emerging claims experience. Favorable development indicates that previous reserves were redundant, while unfavorable development suggests they were deficient.