Hartford reported full-year results for 2025, with net income available to common shareholders of $3.8 billion, up from $3.1 billion in 2024, primarily due to higher property and casualty insurance underwriting earnings.
The insurer said the improvement in property and casualty underwriting was driven by higher earned premiums across all lines, an increase in net favorable prior casualty development (PYD), improvements in personal lines underlying loss and LAE ratios and higher net investment income.
In personal lines, the loss and LAE ratio improved to 65.9 in 2025 from 73.1 a year ago, with PYD more favorable, catastrophe losses increasing 1.7 percentage points, and catastrophe losses increasing 0.6 percentage points.
The underlying loss and LAE ratios fell to 61.9 from 68.1, reflecting lower auto and homeowner loss ratios.
In commercial insurance, the loss and LAE ratio improved to 56.8 in 2025 from 58.5 in 2024, benefiting from lower catastrophe losses of 0.8 points and a more favorable PYD of 1.4 points.
However, the underlying loss and LAE ratio edged up to 57.0 from 56.5, primarily due to slightly higher workers’ compensation and general liability loss ratios, partially offset by favorable non-catastrophe property losses.
Hartford’s pre-tax net investment income will increase from $2.6 billion in 2024 to $2.9 billion in 2025.
The increase was driven primarily by higher investment assets, higher income from limited partnerships and other alternative investments, and higher reinvestment rates, partially offset by lower yields on variable-rate securities, the company said.
In the fourth quarter of 2025 alone, net profit available to common shareholders was $1.1 billion, up from $848 million in the fourth quarter of 2024.
This improvement was again primarily driven by higher net investment income, net favorable PYD, lower current casualty catastrophe losses in Property and Casualty, premium growth in Property and Casualty, and improvements in personal lines underlying loss and loss-adjusted expense ratios.
Christopher Swift, chairman and chief executive officer of The Hartford Hotel, commented: “The Hartford Hotel had a great year with core earnings of $3.8 billion and a core earnings return on equity (ROE) of 19.4%.
“The results were driven by strong performance from Commercial Insurance, which once again delivered strong top-line growth at high margins; a critical year for Personal Insurance, which returned to target profitability for the Automotive industry; strong margins from employee benefits and the solid performance of our portfolio.
“These outstanding fourth quarter and full-year results demonstrate the effectiveness of our strategy and the impact of innovation across the business.
“We enter 2026 with great momentum. Disciplined underwriting, broad and trusted distribution relationships, and unparalleled customer experience enable The Hartford to continue to deliver superior returns to shareholders.”
