The Hartford, an American insurance company, announced its financial results for the second quarter of 2026. Net profit increased to US$1.3 billion, and property and casualty (P&C) written premiums increased by 3% compared with the same period last year.
The company said growth in property and casualty insurance written premiums in the second quarter of 2026 was driven by a 5% increase in commercial insurance premiums.
The Hartford’s net income increased 31% in the second quarter of 2025 from the $990 million reported in the second quarter of 2025, driven by a 5% increase in earned premiums for property and casualty insurance and continued 5% growth in fully insured premiums for employee benefits.
The growth in commercial insurance premiums drove a 3% increase in property and casualty insurance (P&C) underwritten premiums, which also contributed to the performance. The latest combined ratio also increased to 91.4, and the underlying combined ratio also increased to 89.3.
The personal insurance combined ratio and underlying combined ratio improved in the second quarter of 2026, falling to 90.1 and 86.3 respectively.
Commercial insurance losses and loss-adjusted expense ratios include less favorable prior year casualty year development (PYD) of 2.9 percentage points and current casualty year catastrophe losses (CAY CAT) of 0.2 percentage points.
Personal insurance loss and loss-adjusted expense ratios include a more favorable PYD of 2.1 points and a lower CAY CAT of 0.2 points.
P&C CAY CAT’s pre-tax loss of $222 million in the second quarter of 2026 was primarily due to tornado, wind and hail events, an increase from CAY CAT’s loss of $212 million in the second quarter of 2025.
Core earnings were $945 million, up 1% from $932 million in the same period in 2025, primarily reflecting the same drivers as net income and excluding the impact of realized gains and losses and income from discontinued operations.
The net profit return on equity (ROE) for the past 12 months was 23.8%, and the core profit ROE was 18.7%.
Christopher Swift, Chairman and Chief Executive Officer of The Hartford, commented: “The Hartford delivered another strong quarter, reflecting the strength of our franchise, the breadth of our distribution relationships and our commitment to an exceptional customer experience.
“Backed by our market leadership and differentiated capabilities in property and casualty and employee benefits, we continue to execute with discipline while investing in technology, data, artificial intelligence and customer-focused risk insights to strengthen our competitive position and further differentiate Hartford in the marketplace.”
“Commercial lines delivered another strong quarter, with written premiums up 5% and an underlying combined ratio of 89.3,” said Hartford Chief Financial Officer Beth Costello. “In individual lines, the underlying combined ratio improved 1.7 percentage points, with growth impacted by a competitive market.
“Employee benefits delivered sustained premium growth of 5% and core profitability was 7.4%. Investment income remained strong, supported by our diversified portfolio and attractive new money yields.”
Swift continued, “The recently announced $4.2 billion in new stock repurchase authorization demonstrates our disciplined approach to capital management. With strong execution across the business, we remain able to deliver excellent return on equity and attractive returns to our shareholders.”
