The Hartford reported higher third-quarter net income and a lower core earnings measure on October 26, while raising its quarterly common dividend by 12%.
Net income available to common shareholders reached approximately $1.3 billion, or $4.82 a diluted share, for the quarter ended September 30. That was a 23% increase from about $1.1 billion, or $3.77 a share, a year earlier.
Core earnings declined 6% to $956 million from $1.022 billion. Core earnings per diluted share fell to $3.50 from $3.59. The company defines core earnings as a non-GAAP measure, with adjustments reconciled in its release; it is distinct from reported net income.
Property and casualty written premiums increased 4%, supported by 6% growth in business insurance. Employee-benefits fully insured ongoing premiums also rose 4%.
The quarterly common dividend increases to $0.67 a share, payable January 5, 2027, to shareholders of record December 1.
The insurer returned $638 million to shareholders during the quarter, comprising $475 million in share repurchases and $163 million in common dividends.
Sources: https://www.sec.gov/Archives/edgar/data/874766/000087476626000079/ex991earningsnewsrelease93.htm