Q3 Net Income Up 23% at The Hartford

Third quarter 2026 net income at The Hartford increased 23% to about $1.3 billion.

Property/casualty pretax catastrophe losses for the quarter were $198 million compared with $70 million during the same quarter a year ago The Hartford said most losses were caused by tornado, wind, and hail events.

P/C written premiums increased by 4% in the third quarter of 2026 compared to the same period a year ago. Growth was largely attributable to business insurance segment growth of 6% to $3.8 billion.

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The Hartford reported that its business insurance segment generated $637 million of net income total for Q3, compared to $710 million last year. Underwriting profit fell 18% to $327 million. The segment finished the quarter with a combined ratio of 91.3 versus 88.8 for Q3 2025. Catastrophe losses were $106 million compared to $389 million last year.

Third quarter net income for the personal insurance segment dropped 33% to $93 million and underwriting income fell 42% to $62 million. The combined ratio here was 93.2 compared to 88.7 for Q3 2025. Catastrophe losses were $92 million, up from $31 million a year ago. The homeowners combined ratio was 94.7, an increase of 13.5 points from Q3 2025.

Net income in employee benefits was $132 million, a drop of 8% compared to last year during the same period.

The Hartford said net favorable prior year development was $61 million pretax compared to net favorable prior year development of $60 million for Q3 2025. The total this year included reserve reductions in workers’ compensation and commercial property.

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Pretax net investment income was $850 million, up 13%.