The Hartford reported net income available to common stockholders of $1.3bn, or $4.82 per diluted share, for the third quarter of 2026. This is 23% more than a year earlier, according to the results release the US insurer filed with the SEC.
The increase included net favourable prior-year reserve development of $594m before tax. Of this, $497m was a gain from commuting the adverse development cover for asbestos and environmental liabilities. Core favourable development was $97m, close to the $95m of a year earlier. Core earnings, a non-GAAP measure, fell 6% to $956m, or $3.50 per diluted share.
Weather cost more than a year ago. Current accident year catastrophe losses in property and casualty were $198m before tax, against $70m, mainly from tornado, wind and hail events. The Business Insurance combined ratio rose to 91.3 from 88.8, with an underlying ratio of 90.1. In Personal Insurance the combined ratio rose to 93.2 from 88.7, and the underlying ratio was 87.1.
P&C written premiums grew 4%, and Business Insurance premiums grew 6%. Return on equity over the last 12 months was 25.0% on net income and 17.9% on core earnings. In the quarter the company bought back $475m of its shares and returned $638m to stockholders in total, including $163m of dividends.
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The Hartford ↗Company · 26 Oct 2026
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