Hartford Financial Services Group Inc. - FXDFR DB REDEEM 15/04/2042 USD 25

Strong Financial Performance: The Hartford reported core earnings of $866 million for Q1 2026, equating to $3.09 per diluted share, with a trailing 12-month core earnings ROE of 20.3%. This reflects strong operational execution and momentum compared to the previous year. Business Insurance led with $551 million in core earnings and 6% written premium growth.

Business Insurance Growth and Discipline: Business Insurance saw strong written premium growth of 6%, driven by an 8% growth in small business, with an underlying combined ratio of 89.2%. The company emphasized disciplined underwriting practices and maintained its renewal written pricing at 6%, which is relatively stable compared to competitors experiencing more drastic pricing declines. This strong performance is attributed to strong agent relationships and effective risk selection.

Challenges in Personal Insurance: Personal Insurance's core earnings were $141 million with a decline in written premium by 6%, influenced significantly by a 10% decrease in auto insurance. The market remains competitive with aggressive pricing strategies employed by competitors, which may challenge future growth in this segment. The agency channel showed a positive growth of 9%, indicating some resilience.