Strong Start for Fiscal Year 2025
The Hartford Financial Services Group, Inc. reported a strong start to Q1 2025, sustaining momentum with top-line growth in business insurance of 10% and an underlying combined ratio of 88.4.
Record Performance in Global Specialty
Global Specialty achieved an underlying combined ratio of 84 and record first-quarter written premium of $1 billion, with 11% growth driven by strong renewal execution and pricing increases.
Employee Benefits Outperformance
Employee benefits achieved a core earnings margin of 7.6%, exceeding the prior year by 1.5 points, driven by improvements in group life and disability.
Investment Portfolio Success
The investment portfolio performed well with net investment income of $656 million and a total annualized portfolio yield of 4.4% before tax.