Recent Updates — HIG
The Hartford Insurance Group reported third quarter 2026 net income available to common stockholders of $1.3 billion, or $4.82 per diluted share, a 23% increase from the prior year period. Core earnings decreased 6% to $956 million, or $3.50 per diluted share, primarily due to a $497 million non-core favorable prior accident year development in 2025 from commuting asbestos and environmental adverse development cover. The company increased its quarterly common dividend by 12% to $0.67 per share, payable January 5, 2027, to shareholders of record on December 1, 2026. Additionally, the firm announced that CEO Christopher Swift will transition to Executive Chair in March 2027, succeeded by Mo Tooker. The Hartford Insurance Group, Inc., operates as a provider of property and casualty insurance and employee benefits.
The Hartford Insurance Group announced that CEO Christopher Swift will resign effective March 1, 2027, transitioning to Executive Chair of the Board. President A. Morris Tooker has been appointed as the new CEO, also effective March 1, 2027, and was elected to the Board on October 1, 2026. Swift intends to step down from the Executive Chair role in the second half of 2027. The Board approved a target total annual compensation package of $12 million for Tooker, comprising a $1.1 million base salary, a $2.75 million incentive award target, and an $8.15 million long-term incentive target. Swift will receive a $1.2 million base salary as Executive Chair with additional incentive targets totaling $9.8 million. The Hartford operates in the property and casualty insurance and employee benefits industry.
The Hartford Insurance Group, Inc. has entered into a definitive agreement for Wellington Management Company LLP to acquire its Hartford Funds business for $300 million in cash at closing plus ongoing economic participation. The company estimates the transaction's net present value to be $1.9 billion and expects to receive an initial quarterly payment of approximately $65 million following the expected first-quarter 2027 closing.
The Hartford Insurance Group, Inc. held its annual shareholder meeting on May 20, 2026, resulting in the election of its Board of Directors and the ratification of Deloitte & Touche LLP as independent auditor. Shareholders approved executive compensation with 217,375,231 votes in favor, but rejected a proposal to adopt written consent rights with 127,689,893 votes against.
The Hartford Insurance Group, Inc. announced its financial results for the quarterly period ended March 31, 2026, via a news release and an Investor Financial Supplement. The filing provides the company's operational and financial performance details for the first quarter.
The Hartford Insurance Group, Inc. released its financial results for the quarterly period ended December 31, 2025, via a news release and an Investor Financial Supplement. The filing provides the company's official financial performance data and supplemental information for the final quarter of 2025.