Insurance and financial services company The Hartford (NYSE: HIG) will be reporting earnings this Thursday after the bell. Here’s what you need to know.
Hartford beat analysts’ revenue expectations by 38.9% last quarter, reporting revenues of $7.23 billion, up 7.1% year on year. It was a strong quarter for the company, with a solid beat of analysts’ net premiums earned estimates and an impressive beat of analysts’ revenue estimates.
Is Hartford a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hartford’s revenue to decline 28.8% year on year to $4.90 billion, a reversal from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.22 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hartford has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 36.2% on average.
Looking at Hartford’s peers in the insurance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Travelers delivered year-on-year revenue growth of 3.2%, beating analysts’ expectations by 0.5%, and RLI reported revenues up 2.8%, in line with consensus estimates. Travelers traded up 3.3% following the results while RLI was down 3.1%.
Read our full analysis of Travelers’s results here and RLI’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.6% on average over the last month. Hartford is down 6.1% during the same time and is heading into earnings with an average analyst price target of $146.25 (compared to the current share price of $130.30).
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