US-based insurer The Hartford has announced its financial results for the second quarter of 2026, reporting an increase in net income, to $1.3 billion, and 3% growth in Property & Casualty (P&C) written premiums compared to the same period last year.
According to the firm, the increase in Q2 2026’s P&C written premiums was driven by Business Insurance premium growth of 5%.
For Q2 2025, The Hartford’s net income increased 31% from the $990 million reported for the second quarter of 2025, driven by 5% growth in P&C earned premium and 5% fully insured ongoing premium growth in Employee Benefits.
Also contributing to the results were a 3% increase in Property & Casualty (P&C) written premiums driven by Business Insurance premium growth, with the latest also seeing its combined ratio increase to 91.4 and an improved underlying combined ratio of 89.3.
Personal Insurance for Q2 2026 combined ratio and an underlying combined ratio saw improvements, going down to 90.1 and 86.3 respectively.
Business Insurance loss and loss adjustment expense ratio included 2.9 points of less favourable prior year accident year development (PYD) and 0.2 points of higher current accident year catastrophe losses (CAY CATs).
Personal Insurance loss and loss adjustment expense ratio included 2.1 points of more favourable PYD and 0.2 points of lower CAY CATs.
P&C CAY CAT losses of $222 million, before tax, in second quarter 2026, primarily from tornado, wind and hail events, increased from CAY CAT losses of $212 million in second quarter 2025.
Core earnings of $945 million increased 1% from $932 million over the same period in 2025, primarily reflecting the same drivers as net income, excluding the impact of realised gains and losses and income from discontinued operations.
Net income return on equity (ROE) for the trailing 12 months of 23.8% and core earnings ROE of 18.7%.
The Hartford’s Chairman and CEO Christopher Swift, commented: “The Hartford delivered another quarter of strong results, reflecting the strength of our franchise, the breadth of our distribution relationships and our commitment to a superior customer experience.
“Supported by market-leading positions and differentiated capabilities across Property and Casualty and Employee Benefits, we continue to execute with discipline while investing in technology, data, artificial intelligence and customer-focused risk insights that strengthen our competitive position and further differentiate The Hartford in the marketplace.”
The Hartford’s Chief Financial Officer Beth Costello said: “Business Insurance delivered another strong quarter, with 5 percent written premium growth and an underlying combined ratio of 89.3. In Personal Insurance, the underlying combined ratio improved 1.7 points, while growth was impacted by a competitive market.
“Employee Benefits generated fully insured ongoing premium growth of 5 percent with a core earnings margin of 7.4 percent. Investment income remained strong, supported by our diversified portfolio and attractive new money yields.”
Swift continued: “The recently announced new $4.2 billion share repurchase authorization demonstrates our disciplined approach to capital management. With strong execution across the enterprise, we remain well positioned to deliver outstanding ROEs and attractive returns for shareholders.”
