Quarter after quarter results illustrate how our strategy translates into a consistent and sustainable financial performance. Core earnings per diluted share Net loss available to common stockholders, Interest expense and preferred dividends, before tax. Total losses and loss adjustment expenses, Underlying loss and loss adjustment expenses, Underlying loss and loss adjustment expenses before COVID-19 losses. JUST FOLLOW THESE STEPS: STEP 1 Review the list on the back of this page to determine if your health screening may be eligible for the benefit. Underlying combined ratio before COVID-19 losses Its quick and easy to start your claim online. You can easily manage your policy, billing, and documents in one convenient place Create Your Account Log In Express Services No login required Pay Your Bill Get Your Auto ID Cards Download the Mobile App Digital ID Cards, bill pay, roadside assistance and more. A. GROUP BENEFITS HEALTH SCREENING CLAIMS - ACCIDENT, CRITICAL ILLNESS & HOSPITAL INDEMNITY THE HARTFORD MAKES IT EASY TO FILE A CLAIM. We'll send an identification code to your email or mobile Net income of $42 million in first quarter 2022 decreased from $47 million in first quarter 2021, largely due to a change from net realized gains to net realized losses related to investments in funds seeded by the company, partially offset by higher fee income. matthew.sturdevant@thehartford.com, Investor Contact: plx%`0`PHT~ P!D@Oaf|\pBzEL@} ldr6IKu@I20I,: If documentation is not provided within 15 days, the leave may be denied. endstream endobj 316 0 obj <>stream Please try again later or call us at 1-860-547-5000. A reconciliation of net income (loss) to underlying underwriting gain (loss) for individual reporting segments for the quarterly periods ended March 31, 2022 and 2021, is set forth below. 192. First quarter 2022 net income available to common stockholders was $440 million, or $1.30 per diluted share, up 80% from first quarter 2021, primarily due to a $435 million, before tax, change from an underwriting loss* to an underwriting gain in first quarter 2022 and a decrease in excess mortality in group life, partially offset by a $225 million, before tax, change to net realized losses in first quarter 2022. @UURAC$WP6xB Book value per diluted share is the most directly comparable U.S. GAAP measure. Whenever you need it. Team members are eligible for up to 12 weeks of unpaid leave during a 12-month period. Return to the Homepage. After you report to Occupational Health, they will then follow up with the LOA Accommodations team regarding your return to work date. You may want to check with your employer before you file. Submit a return to work note from your medical provider that clearly indicates whether your return is with or without restrictions to the LOA Accommodations team via e-mail at. Phone: 1-800-549-6514 Availability: Monday - Friday 8AM - 8PM EST Please answer your security questions below. The companys investments with Russian exposure have an amortized cost of $16 million and a fair value of $7 million. The Hartford, The Hartford at Work group benefits from the Hartford. I can not recommend The Hartford as an insurance option for either auto or home. Commercial Lines first quarter combined ratio of 90.3 improved 19.4 points and the underlying combined ratio* of 88.3 improved 2.9 points compared with the prior year quarter. Start a Claim Not Here to Start a Claim? Please call us for guidance with your claim submission - we're happy to help you understand XMe|U"hl,L 4:NG $csZKuiSx8!d>gNQS j}`w%gxRHA*fWP&T+poWZXIs^6=f5;w>CS 0C ]H<0OW)ZQtTj'L? Preferred stock dividends are a cost of financing more akin to interest expense on debt and are expected to be a recurring expense as long as the preferred stock is outstanding. number. Core earnings of $8 million in first quarter 2022 improved from a loss of $3 million in first quarter 2021 primarily due to lower excess mortality losses in group life and the effect of higher fully insured ongoing premiums, partially offset by a higher loss ratio before considering excess mortality, higher operating expenses and modestly lower net investment income. An increase in the Personal Lines underlying loss ratio* of 4.4 points to 60.8% in first quarter 2022 from 56.4% in first quarter 2021, driven by an increase in auto claim frequency and severity. Our Property & Casualty first quarter results were strong, and we are well positioned for continued profitable growth., Swift continued, The Hartford is a proven performer. The Hartford Announces First Quarter 2022 Financial Results, Annualized investment yield, excluding limited partnerships and other alternative investments, Net investment income, excluding limited partnerships and other alternative investments, Underlying loss and loss adjustment expense ratio before COVID-19 losses-. Therefore, the Company believes it is important for investors to evaluate both core earnings margin and net income margin when reviewing performance. my experience has been that folks want to trust the insurance company and . The Hartford Let's Talk Instead. Code, please enter it in the field below and click "Next". Favorable P&C prior accident year development (PYD) within core earnings of $36 million, before tax, in first quarter 2022, largely driven by reserve decreases in workers compensation, compared with $223 million of unfavorable PYD in first quarter 2021 that was primarily due to a reserve increase for general liability driven by the initial settlement with Boy Scouts of America (BSA) related to sexual abuse claims. The Hartfords claims team brings the right support at the right time. An increase in earnings generated by 11% growth in earned premium. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. Change in loss reserves upon acquisition of a business - These changes in loss reserves are excluded from core earnings because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition. Choose how you want to receive or enter your security code. More detailed financial information can be found in The Hartford's Investor Financial Supplement for March 31, 2022, and the first quarter 2022 Financial Results Presentation, both of which are available at https://ir.thehartford.com. GROUP BENEFITS HEALTH SCREENING CLAIMS - ACCIDENT, CRITICAL ILLNESS & HOSPITAL INDEMNITY THE HARTFORD MAKES IT EASY TO FILE A CLAIM. Nine doctors said Werner was disabled and couldn't work, but a few months after they conducted surveillance, Werner received a letter from The Hartford stating his disability benefits were . Employees are the most important part of a business. A quantitative reconciliation of net income ROE to core earnings ROE is not calculable on a forward-looking basis because it is not possible to provide a reliable forecast of realized capital gains and losses, which typically vary substantially from period to period. Choose how you want to receive or enter your security code. Current accident year before catastrophes, Unfavorable (favorable) prior accident year development, Impact of catastrophes and PYD on combined ratio, [1] Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures. Risks Relating to Economic, Political and Global Market Conditions: challenges related to the Companys current operating environment, including global political, economic and market conditions, and the effect of financial market disruptions, economic downturns, changes in trade regulation including tariffs and other barriers or other potentially adverse macroeconomic developments on the demand for our products and returns in our investment portfolios; market risks associated with our business, including changes in credit spreads, equity prices, interest rates, inflation rate, foreign currency exchange rates and market volatility; the impact on our investment portfolio if our investment portfolio is concentrated in any particular segment of the economy; the impacts of changing climate and weather patterns on our businesses, operations and investment portfolio including on claims, demand and pricing of our products, the availability and cost of reinsurance, our modeling data used to evaluate and manage risks of catastrophes and severe weather events, the value of our investment portfolios and credit risk with reinsurers and other counterparties; the risks associated with the discontinuance of the London Inter-Bank Offered Rate ("LIBOR") on the securities we hold or may have issued, other financial instruments and any other assets and liabilities whose value is tied to LIBOR; Insurance Industry and Product-Related Risks: the possibility of unfavorable loss development, including with respect to long-tailed exposures; the significant uncertainties that limit our ability to estimate the ultimate reserves necessary for asbestos and environmental claims; the possibility of another pandemic, civil unrest, earthquake, or other natural or man-made disaster that may adversely affect our businesses; weather and other natural physical events, including the intensity and frequency of thunderstorms, tornadoes, hail, wildfires, flooding, winter storms, hurricanes and tropical storms, as well as climate change and its potential impact on weather patterns; the possible occurrence of terrorist attacks and the Companys inability to contain its exposure as a result of, among other factors, the inability to exclude coverage for terrorist attacks from workers' compensation policies and limitations on reinsurance coverage from the federal government under applicable laws; the Companys ability to effectively price its property and casualty policies, including its ability to obtain regulatory consents to pricing actions or to non-renewal or withdrawal of certain product lines; actions by competitors that may be larger or have greater financial resources than we do; technological changes, including usage-based methods of determining premiums, advancements in automotive safety features, the development of autonomous vehicles, and platforms that facilitate ride sharing; the Company's ability to market, distribute and provide insurance products and investment advisory services through current and future distribution channels and advisory firms; the uncertain effects of emerging claim and coverage issues; political instability, politically motivated violence or civil unrest, may increase the frequency and severity of insured losses; Financial Strength, Credit and Counterparty Risks: risks to our business, financial position, prospects and results associated with negative rating actions or downgrades in the Companys financial strength and credit ratings or negative rating actions or downgrades relating to our investments; capital requirements which are subject to many factors, including many that are outside the Companys control, such as National Association of Insurance Commissioners ("NAIC") risk based capital formulas, rating agency capital models, Funds at Lloyd's and Solvency Capital Requirement, which can in turn affect our credit and financial strength ratings, cost of capital, regulatory compliance and other aspects of our business and results; losses due to nonperformance or defaults by others, including credit risk with counterparties associated with investments, derivatives, premiums receivable, reinsurance recoverables and indemnifications provided by third parties in connection with previous dispositions; the potential for losses due to our reinsurers' unwillingness or inability to meet their obligations under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the Company against losses; state and international regulatory limitations on the ability of the Company and certain of its subsidiaries to declare and pay dividends; Risks Relating to Estimates, Assumptions and Valuations: risk associated with the use of analytical models in making decisions in key areas such as underwriting, pricing, capital management, reserving, investments, reinsurance and catastrophe risk management; the potential for differing interpretations of the methodologies, estimations and assumptions that underlie the Companys fair value estimates for its investments and the evaluation of intent-to-sell impairments and allowance for credit losses on available-for-sale securities and mortgage loans; the potential for impairments of our goodwill; Strategic and Operational Risks: the Companys ability to maintain the availability of its systems and safeguard the security of its data in the event of a disaster, cyber or other information security incident or other unanticipated event; the potential for difficulties arising from outsourcing and similar third-party relationships; the risks, challenges and uncertainties associated with capital management plans, expense reduction initiatives and other actions; risks associated with acquisitions and divestitures, including the challenges of integrating acquired companies or businesses, which may result in our inability to achieve the anticipated benefits and synergies and may result in unintended consequences; difficulty in attracting and retaining talented and qualified personnel, including key employees, such as executives, managers and employees with strong technological, analytical and other specialized skills; the Companys ability to protect its intellectual property and defend against claims of infringement; Regulatory and Legal Risks: the cost and other potential effects of increased federal, state and international regulatory and legislative developments, including those that could adversely impact the demand for the Companys products, operating costs and required capital levels; unfavorable judicial or legislative developments; the impact of changes in federal, state or foreign tax laws; regulatory requirements that could delay, deter or prevent a takeover attempt that stockholders might consider in their best interests; and the impact of potential changes in accounting principles and related financial reporting requirements. Be prepared to supply the following information: Name, last four digits of your social security number, date of birth, date last worked and date of hire, Medical providers name, phone number and fax number, Preferred method of communication while on leave. The Hartford believes that the measure underwriting gain (loss) provides investors with a valuable measure of profitability, before tax, derived from underwriting activities, which are managed separately from the Company's investing activities. Michelle Loxton . Request security code For additional security, we need to verify your identity before you can sign in to the account. Core Earnings Return on Equity && %9)vv P endstream endobj 317 0 obj <>stream Insurance, income protection, personalized services whatever you need, the Bucks got your back. The changes to loss reserves upon acquisition of a business are excluded from underlying combined ratio because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition as such trends are valuable to our investors' ability to assess the Company's financial performance. The best way to find out your business insurance cost in Lakeland is to get an online quote. The Hartford Insurance Claims Workers' Comp Claims We're Here to Support You It's quick and easy to start your claim online. Notify your leader to coordinate your return to work. Tough times call for hard-working benefits thatll help get you through it. Adjustments to reconcile net income (loss) available to common stockholders ROE to core earnings ROE: Income tax expense (benefit) on items not included in core earnings, Impact of AOCI, excluded from core earnings ROE. Apart from excess mortality claims, the group life loss ratio increased primarily due to a higher loss ratio under group accidental death business. Core earnings margin is calculated by dividing core earnings by revenues, excluding buyouts and realized gains (losses). Submit a Claim, Get Support Yes, we make it that easy. * Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures Hospital Indemnity You or a covered dependent were hospitalized. [aw9Av HJ}0oMM!`OxiB;Y9Qe8\"NIFV];?Y8c@^+TTP-Vh!(cj)e5B}Ij0 fQ parts of your contact information for security reasons. Employer or Plan Administrator Manage your benefits account with The Hartford. 860-547-7413 Risks Relating to Economic, Political and Global Market Conditions: Insurance Industry and Product-Related Risks: Financial Strength, Credit and Counterparty Risks: Risks Relating to Estimates, Assumptions and Valuations: First quarter 2022 net income available to common stockholders of $440 million ($1.30 per diluted share) increased 80% from the 2021 period, and core earnings* of $561 million (core earnings per diluted share* of $1.66) were up 176% from the prior year quarter.
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