Slides
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2022 2023 2024 2Q25 2022 2023 2024 20242
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Business Insurance $697 $551 26% Personal Insurance 94 (4) NM P&C Other Operations 14 14 —% Property & Casualty Total 805 561 43% Employee Benefits 163 178 (8)% Hartford Funds 46 43 7% Sub-total 1,014 782 30% Corporate (33) (32) (3)% Core earnings 981 750 31% Net realized losses, before tax (10) (58) 83% Integration and other non-recurring M&A costs, before tax (2) (2) —% Change in deferred gain on retroactive reinsurance, before tax 24 37 (35)% Income tax benefit (expense) (3) 6 (150)% Net income available to common stockholders 990 733 35% Add back: Preferred stock dividends 5 5 —% Net Income $995 $738 35% Core earnings per diluted share $3.41 $2.50 36% Net income available to common stockholders per diluted share $3.44 $2.44 41% Wtd. avg. diluted shares outstanding 287.7 299.9 (4)% Common shares outstanding and dilutive potential common shares 286.3 298.4 (4)% Book value per diluted share $60.02 $51.43 17% Book value per diluted share (excluding AOCI)1 $68.35 $61.71 11% Net income ROE, last 12 months 19.8% 19.8% - Core earnings ROE, last 12 months 17.0% 17.4% (0.4) pts Edit
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Written premiums $4.8B 8% Fully Insured Ongoing Premiums Core earnings margin Life loss ratio (%) Disability loss ratio (%) $1.6B 0% Underlying combined ratio1 (%) 88.0 1.5 pts92.1 Combined ratio (%) 88.6 5.0 pts Business Insurance $3.8B 8% 87.0 2.8 pts. 88.0 0.6 pts. Small Business $1.5B 9% 89.7 1.0 pts. 89.0 2.2 pts. Middle & Large Business $1.2B 5% 86.6 9.3 pts. 89.1 0.5 pts. Global Specialty $1.1B 9% 85.9 2.5 pts. 84.8 0.4 pts. Personal Insurance $980M 7% 94.1 13.3 pts. 88.0 8.7 pts. Automobile $633M 3% 94.0 11.4 pts. 95.2 9.7 pts. Homeowners $347M 17% 94.4 20.1 pts. 72.7 5.1 pts 9.2% 0.8 pts. 74.3% 0.6 pts. 68.5% 1.4 pts.
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CORPORATE Core loss1 of $39 million compared to a core loss of $36 million in 4Q23
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