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Segment Information | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2024 | 2023 |  | 2024 | 2023
Commercial Lines | $ | 540 |  | $ | 458 |  |  | $ | 1,113 |  | $ | 879 |
Personal Lines | (11) |  | (60) |  |  | 23 |  | (61) |
Property & Casualty Other Operations | 11 |  | 9 |  |  | 19 |  | 15 |
Group Benefits | 171 |  | 121 |  |  | 279 |  | 213 |
Hartford Funds | 44 |  | 45 |  |  | 89 |  | 86 |
Corporate | (17) |  | (26) |  |  | (32) |  | (50) |
Net income | 738 |  | 547 |  |  | 1,491 |  | 1,082 |
Preferred stock dividends | 5 |  | 5 |  |  | 10 |  | 10 |
Net income available to common stockholders | $ | 733 |  | $ | 542 |  |  | $ | 1,481 |  | $ | 1,072 |
Revenues
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 | 2023 |  | 2024 | 2023
Earned premiums and fee income: |  |  |  |  |
Commercial Lines |  |  |  |  |
Workers’ compensation | $ | 926 |  | $ | 924 |  |  | $ | 1,843 |  | $ | 1,822 |
Liability | 540 |  | 502 |  |  | 1,066 |  | 988 |
Marine | 67 |  | 66 |  |  | 134 |  | 125 |
Package business | 572 |  | 514 |  |  | 1,121 |  | 998 |
Property | 306 |  | 244 |  |  | 596 |  | 472 |
Professional liability | 200 |  | 196 |  |  | 403 |  | 384 |
Bond | 80 |  | 80 |  |  | 158 |  | 157 |
Assumed reinsurance | 180 |  | 143 |  |  | 361 |  | 281 |
Automobile | 261 |  | 227 |  |  | 509 |  | 445 |
Total Commercial Lines | 3,132 |  | 2,896 |  |  | 6,191 |  | 5,672 |
Personal Lines |  |  |  |  |
Automobile | 598 |  | 528 |  |  | 1,170 |  | 1,043 |
Homeowners | 259 |  | 239 |  |  | 508 |  | 471 |
Total Personal Lines [1] | 857 |  | 767 |  |  | 1,678 |  | 1,514 |
Group Benefits |  |  |  |  |
Group disability | 895 |  | 878 |  |  | 1,785 |  | 1,744 |
Group life | 663 |  | 650 |  |  | 1,308 |  | 1,293 |
Other | 107 |  | 102 |  |  | 211 |  | 202 |
Total Group Benefits | 1,665 |  | 1,630 |  |  | 3,304 |  | 3,239 |
Hartford Funds |  |  |  |  |
Mutual fund and ETF | 235 |  | 226 |  |  | 466 |  | 449 |
Third-party life and annuity separate accounts | 18 |  | 18 |  |  | 37 |  | 36 |
Total Hartford Funds | 253 |  | 244 |  |  | 503 |  | 485 |
Corporate | 10 |  | 11 |  |  | 20 |  | 20 |
Total earned premiums and fee income | 5,917 |  | 5,548 |  |  | 11,696 |  | 10,930 |
Net investment income | 602 |  | 540 |  |  | 1,195 |  | 1,055 |
Net realized losses | (59) |  | (64) |  |  | (31) |  | (71) |
Other revenues | 26 |  | 25 |  |  | 45 |  | 45 |
Total revenues | $ | 6,486 |  | $ | 6,049 |  |  | $ | 12,905 |  | $ | 11,959 |
[1]For the three months ended June 30, 2024 and 2023, AARP members accounted for earned premiums of $788 and $710, respectively. For the six months ended June 30, 2024 and 2023, AARP members accounted for earned premiums of $1.55 billion and $1.40 billion, respectively. Non-Insurance Revenue from Contracts with Customers
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
| Revenue Line Item | 2024 | 2023 |  | 2024 | 2023
Commercial Lines |  |  |  |  |  |
Installment billing fees | Fee income | $ | 11 |  | $ | 10 |  |  | $ | 22 |  | $ | 20 |
Personal Lines |  |  |  |  |  |
Installment billing fees | Fee income | 8 |  | 7 |  |  | 16 |  | 15 |
Insurance servicing revenues | Other revenues | 25 |  | 24 |  |  | 44 |  | 43 |
Group Benefits |  |  |  |  |  |
Administrative services | Fee income | 57 |  | 56 |  |  | 111 |  | 107 |
Hartford Funds |  |  |  |  |  |
Advisory, servicing and distribution fees | Fee income | 253 |  | 244 |  |  | 503 |  | 485 |
Corporate |  |  |  |  |  |
Investment management and other fees | Fee income | 10 |  | 11 |  |  | 20 |  | 20 |
Total non-insurance revenues with customers |  | $ | 364 |  | $ | 352 |  |  | $ | 716 |  | $ | 690 |

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