XML 54 R10.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
Segment Information | 3. SEGMENT INFORMATION The Company currently conducts business principally in five reporting segments including Commercial Lines, Personal Lines, Property & Casualty ("P&C") Other Operations, Group Benefits and Hartford Funds, as well as a Corporate category.
Net Income (Loss)
|  |  | Three Months Ended March 31,
|  |  |  | 2024 | 2023
Commercial Lines |  |  |  | $ | 573 |  | $ | 421 |
Personal Lines |  |  |  | 34 |  | (1) |
Property & Casualty Other Operations |  |  |  | 8 |  | 6 |
Group Benefits |  |  |  | 108 |  | 92 |
Hartford Funds |  |  |  | 45 |  | 41 |
Corporate |  |  |  | (15) |  | (24) |
Net income |  |  |  | 753 |  | 535 |
Preferred stock dividends |  |  |  | 5 |  | 5 |
Net income available to common stockholders |  |  |  | $ | 748 |  | $ | 530 |
Revenues
|  |  | Three Months Ended March 31,
|  |  |  | 2024 | 2023
Earned premiums and fee income: |  |  |  |  |
Commercial Lines |  |  |  |  |
Workers’ compensation |  |  |  | $ | 917 |  | $ | 898 |
Liability |  |  |  | 526 |  | 486 |
Marine |  |  |  | 67 |  | 59 |
Package business |  |  |  | 549 |  | 484 |
Property |  |  |  | 290 |  | 228 |
Professional liability |  |  |  | 203 |  | 188 |
Bond |  |  |  | 78 |  | 77 |
Assumed reinsurance |  |  |  | 181 |  | 138 |
Automobile |  |  |  | 248 |  | 218 |
Total Commercial Lines |  |  |  | 3,059 |  | 2,776 |
Personal Lines |  |  |  |  |
Automobile |  |  |  | 572 |  | 515 |
Homeowners |  |  |  | 249 |  | 232 |
Total Personal Lines [1] |  |  |  | 821 |  | 747 |
Group Benefits |  |  |  |  |
Group disability |  |  |  | 890 |  | 866 |
Group life |  |  |  | 645 |  | 643 |
Other |  |  |  | 104 |  | 100 |
Total Group Benefits |  |  |  | 1,639 |  | 1,609 |
Hartford Funds |  |  |  |  |
Mutual fund and ETF |  |  |  | 231 |  | 223 |
Third-party life and annuity separate accounts |  |  |  | 19 |  | 18 |
Total Hartford Funds |  |  |  | 250 |  | 241 |
Corporate |  |  |  | 10 |  | 9 |
Total earned premiums and fee income |  |  |  | 5,779 |  | 5,382 |
Net investment income |  |  |  | 593 |  | 515 |
Net realized gains (losses) |  |  |  | 28 |  | (7) |
Other revenues |  |  |  | 19 |  | 20 |
Total revenues |  |  |  | $ | 6,419 |  | $ | 5,910 |
[1]For the three months ended March 31, 2024 and 2023, AARP members accounted for earned premiums of $758 and $689, respectively. Non-Insurance Revenue from Contracts with Customers
|  |  |  | Three Months Ended March 31,
| Revenue Line Item |  |  |  | 2024 | 2023
Commercial Lines |  |  |  |  |  |
Installment billing fees | Fee income |  |  |  | $ | 11 |  | $ | 10 |
Personal Lines |  |  |  |  |  |
Installment billing fees | Fee income |  |  |  | 8 |  | 8 |
Insurance servicing revenues | Other revenues |  |  |  | 19 |  | 19 |
Group Benefits |  |  |  |  |  |
Administrative services | Fee income |  |  |  | 54 |  | 51 |
Hartford Funds |  |  |  |  |  |
Advisory, servicing and distribution fees | Fee income |  |  |  | 250 |  | 241 |
Corporate |  |  |  |  |  |
Investment management and other fees | Fee income |  |  |  | 10 |  | 9 |
Total non-insurance revenues with customers |  |  |  |  | $ | 352 |  | $ | 338 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration