Cost of Revenue
Medical costs
The Hartford Financial Services Group Medical costs increased by 7.1% to $4.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.1%, from $4.00B to $4.00B. Over 4 years (FY 2021 to FY 2025), Medical costs shows an upward trend with a 4.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionCost of Revenue
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
A lower ratio of medical costs to premiums (Medical Loss Ratio) generally indicates better underwriting profitability.
Detailed definition
Expenses related to the provision of healthcare services and the settlement of medical claims for insurance policyholder...
Peer comparison
Specific to health insurance providers; not applicable to traditional banking institutions.
Metric ID:
unh_medical_costsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.79B | $3.42B | $3.16B | $3.12B | $3.07B | $3.41B | $3.54B | $3.48B | $3.58B | $3.54B | $3.63B | $3.61B | $3.66B | $3.82B | $3.78B | $4.00B | $3.71B | $3.79B | $3.73B | $4.00B |
| QoQ Change | — | +22.8% | -7.5% | -1.4% | -1.5% | +10.8% | +3.8% | -1.6% | +2.8% | -1.0% | +2.5% | -0.6% | +1.4% | +4.4% | -1.2% | +5.8% | -7.2% | +2.2% | -1.6% | +7.1% |
| YoY Change | — | — | — | — | +10.3% | -0.4% | +11.8% | +11.6% | +16.5% | +4.0% | +2.7% | +3.7% | +2.3% | +7.9% | +4.0% | +10.8% | +1.4% | -0.8% | -1.2% | -0.1% |
Range$2.79B – $4.00B
CAGR+7.9%
Avg YoY Growth+5.3%
Median YoY Growth+3.8%
Product Breakdown
| Segment | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Disability Insurance Policy | $592.50M | $624.00M | $601.00M | $604.00M | — | — | — | $674.00M |
| Life Insurance Product Line | $539.25M | $533.00M | $497.00M | $510.00M | — | — | — | $488.00M |
| Insurance, Other | $39.00M | $47.00M | $49.00M | $47.00M | $59.00M | $55.00M | $54.00M | $76.00M |
| Total | $3.63B | $3.61B | $3.66B | $3.82B | $4.00B | $3.71B | $3.79B | $4.00B |
Medical costs at Other Companies
Frequently Asked Questions
- What is The Hartford Financial Services Group's medical costs?
- The Hartford Financial Services Group (HIG) reported medical costs of $4.00B in Q1 2026.
- How has The Hartford Financial Services Group's medical costs changed year-over-year?
- The Hartford Financial Services Group's medical costs decreased by 0.1% year-over-year, from $4.00B to $4.00B.
- What is the long-term trend for The Hartford Financial Services Group's medical costs?
- Over 4 years (2021 to 2025), The Hartford Financial Services Group's medical costs has grown at a 4.6% compound annual growth rate (CAGR), from $12.72B to $15.24B.
- What does medical costs mean?
- The cost of paying for medical services and claims for insurance members.