XML 79 R32.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
Reconciliation of Net Income from Segments to Consolidated |
Net Income (Loss)
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 | 2022 |  | 2023 | 2022
Commercial Lines | $ | 458 |  | $ | 389 |  |  | $ | 879 |  | $ | 772 |
Personal Lines | (60) |  | 6 |  |  | (61) |  | 83 |
Property & Casualty Other Operations | 9 |  | (20) |  |  | 15 |  | (12) |
Group Benefits | 121 |  | 106 |  |  | 213 |  | 98 |
Hartford Funds | 45 |  | 34 |  |  | 86 |  | 76 |
Corporate | (26) |  | (71) |  |  | (50) |  | (130) |
Net income | 547 |  | 444 |  |  | 1,082 |  | 887 |
Preferred stock dividends | 5 |  | 5 |  |  | 10 |  | 10 |
Net income available to common stockholders | $ | 542 |  | $ | 439 |  |  | $ | 1,072 |  | $ | 877 |
Reconciliation of Revenue from Segments to Consolidated | Revenues
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 | 2022 |  | 2023 | 2022
Earned premiums and fee income: |  |  |  |  |
Commercial Lines |  |  |  |  |
Workers’ compensation | $ | 924 |  | $ | 869 |  |  | $ | 1,822 |  | $ | 1,704 |
Liability | 502 |  | 453 |  |  | 988 |  | 877 |
Marine | 66 |  | 54 |  |  | 125 |  | 115 |
Package business | 514 |  | 449 |  |  | 998 |  | 884 |
Property | 244 |  | 212 |  |  | 472 |  | 402 |
Professional liability | 196 |  | 182 |  |  | 384 |  | 360 |
Bond | 80 |  | 77 |  |  | 157 |  | 149 |
Assumed reinsurance | 143 |  | 118 |  |  | 281 |  | 218 |
Automobile | 227 |  | 211 |  |  | 445 |  | 411 |
Total Commercial Lines | 2,896 |  | 2,625 |  |  | 5,672 |  | 5,120 |
Personal Lines |  |  |  |  |
Automobile | 528 |  | 502 |  |  | 1,043 |  | 1,001 |
Homeowners | 239 |  | 231 |  |  | 471 |  | 460 |
Total Personal Lines [1] | 767 |  | 733 |  |  | 1,514 |  | 1,461 |
Group Benefits |  |  |  |  |
Group disability | 878 |  | 828 |  |  | 1,744 |  | 1,634 |
Group life | 650 |  | 599 |  |  | 1,293 |  | 1,196 |
Other | 102 |  | 90 |  |  | 202 |  | 177 |
Total Group Benefits | 1,630 |  | 1,517 |  |  | 3,239 |  | 3,007 |
Hartford Funds |  |  |  |  |
Mutual fund and ETF | 226 |  | 243 |  |  | 449 |  | 508 |
Third-party life and annuity separate accounts | 18 |  | 20 |  |  | 36 |  | 42 |
Total Hartford Funds | 244 |  | 263 |  |  | 485 |  | 550 |
Corporate | 11 |  | 13 |  |  | 20 |  | 26 |
Total earned premiums and fee income | 5,548 |  | 5,151 |  |  | 10,930 |  | 10,164 |
Net investment income | 540 |  | 541 |  |  | 1,055 |  | 1,050 |
Net realized losses | (64) |  | (338) |  |  | (71) |  | (483) |
Other revenues | 25 |  | 19 |  |  | 45 |  | 35 |
Total revenues | $ | 6,049 |  | $ | 5,373 |  |  | $ | 11,959 |  | $ | 10,766 |
[1]For the three months ended June 30, 2023 and 2022, AARP members accounted for earned premiums of $710 and $675, respectively. For the six months ended June 30, 2023 and 2022, AARP members accounted for earned premiums of $1.40 billion and $1.34 billion, respectively.
Disaggregation of Revenue [Table Text Block] | Revenue from Contracts with Customers
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
| Revenue Line Item | 2023 | 2022 |  | 2023 | 2022
Commercial Lines |  |  |  |  |  |
Installment billing fees | Fee income | $ | 10 |  | $ | 10 |  |  | $ | 20 |  | $ | 19 |
Personal Lines |  |  |  |  |  |
Installment billing fees | Fee income | 7 |  | 7 |  |  | 15 |  | 15 |
Insurance servicing revenues | Other revenues | 24 |  | 19 |  |  | 43 |  | 36 |
Group Benefits |  |  |  |  |  |
Administrative services | Fee income | 56 |  | 48 |  |  | 107 |  | 93 |
Hartford Funds |  |  |  |  |  |
Advisory, servicing and distribution fees | Fee income | 244 |  | 263 |  |  | 485 |  | 550 |
Corporate |  |  |  |  |  |
Investment management and other fees | Fee income | 11 |  | 13 |  |  | 20 |  | 26 |
Other | Other revenues | — |  | 1 |  |  | — |  | 1 |
Total non-insurance revenues with customers |  | $ | 352 |  | $ | 361 |  |  | $ | 690 |  | $ | 740 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration