What does medical costs mean?

Medical costs represent the direct expenses incurred for claims, medical services, and healthcare benefits provided to policyholders. This is the primary cost driver for health-related insurance products.

The Hartford Financial Services Group HIG Medical costs

Segments

By product

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Disability Insurance Policy$674M+8.5%

Life Insurance Product Line$488M-6.0%

Insurance, Other$76M+28.8%

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×

Questions, answered.

What does medical costs mean?: Medical costs represent the direct expenses incurred for claims, medical services, and healthcare benefits provided to policyholders. This is the primary cost driver for health-related insurance products.