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The Hartford Financial Services Group, Inc. (HIG) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for The Hartford (HIG) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hartford Financial (HIG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Better pricing, exposure growth, accelerated digitalization and sturdy capital are expected to help ACGL, EG, HIG, MFC and WTW outperform fourth-quarter earnings estimates.

Hartford Financial's (HIG) Q4 results are expected to benefit from new business growth in the Commercial Lines unit, partly offset by high loss cost trends in the auto insurance business.

Hartford Financial (HIG) remains poised for growth on the back of improving Commercial Lines and Group Benefits businesses. A strong financial position enables business investments.

Multiline insurers like MGIC Investment Corporation (MTG), CNO Financial (CNO), Old Republic International Corporation (ORI) and The Hartford Financial Services Group (HIG), which have an impressive dividend history, offer a breather amid volatility.

The Hartford Financial Services Group has undergone a significant transformation in recent years. The company has benefited from rising interest rates over the past few years and is poised to benefit if rates remain elevated. HIG has implemented an aggressive share repurchase program ,which suggests that management views the stock as highly undervalued.

The Hartford Financial Services Group, Inc. (NYSE:HIG ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Susan Spivak - SVP, IR Chris Swift - Chairman & CEO Beth Costello - CFO Mo Tooker - EVP, Middle & Large Commercial, Global Specialty and Sales & Distribution Stephanie Bush - EVP and Head of Small Commercial & Personal Lines Jonathan Bennett - EVP & Head of Group Benefits Conference Call Participants Brian Meredith - UBS Elyse Greenspan - Wells Fargo Mike Ward - Citigroup Alex Scott - Goldman Sachs Greg Peters - Raymond James Josh Shanker - Bank of America Tracy Benguigui - Barclays Yaron Kinar - Jefferies Operator Good morning, ladies and gentlemen. My name is Abby and I will be your conference operator today.

Hartford Financial's (HIG) Q3 results reflect growing premiums in the Group Benefits business and improved net investment income, partly offset by higher expenses.