The Hartford Financial Services Group, Inc. Q3 2026 Earnings Recap

The stock fell 1.8%, a roughly flat reaction. The quarter showed solid profitability, but results were mixed: middle and large business insurance had a 99.5 underlying combined ratio, reflecting higher non-cat property and workers’ compensation loss ratios, while competitive pressure weighed on personal insurance premium growth.

Key Takeaways

• Core earnings were $956 million; trailing-12-month core earnings ROE was 17.9%.
• Business insurance written premiums grew 6%, with a 90.1 underlying combined ratio. Small business premiums rose 7% and its underlying combined ratio was 85.2.
• Middle and large business insurance premiums grew 3%; its 99.5 underlying combined ratio reflected higher non-cat property and workers’ compensation loss ratios. National accounts premiums were lower.
• Personal insurance’s underlying combined ratio improved 2.9 points year over year to 87.1, but intense competition in auto weighed on overall premium growth.
• Business insurance renewal written pricing declined 40 basis points to 5.3%, excluding workers’ compensation; overall renewal written pricing was 4%.