Hartford Historical Income Statement
| HIG Stock | USD 109.05 1.68 1.52% |
Historical analysis of Hartford Financial income statement accounts such as Total Revenue of 21.5 B or Gross Profit of 18.5 B can show how well Hartford Financial Services performed in making a profits. Evaluating Hartford Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hartford Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Hartford Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hartford Financial is a good buy for the upcoming year.
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About Hartford Income Statement Analysis
Hartford Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hartford Financial shareholders. The income statement also shows Hartford investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Hartford Financial Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Hartford Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Hartford Financial Services minus its cost of goods sold. It is profit before Hartford Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hartford Financial. It is also known as Hartford Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Hartford Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hartford Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Hartford Financial's EBIT is most likely to increase significantly in the upcoming years. The Hartford Financial's current EBITDA is estimated to increase to about 4 B, while Total Revenue is projected to decrease to roughly 21.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 17.6B | 17.5B | 24.5B | 18.5B | Total Revenue | 22.4B | 22.4B | 24.5B | 21.5B |
Hartford Financial income statement Correlations
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Hartford Financial Account Relationship Matchups
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Hartford Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 451M | 562M | 680M | 625M | 510M | 388.8M | |
| Interest Expense | 259M | 236M | 234M | 213M | 199M | 248.8M | |
| Total Revenue | 20.7B | 20.5B | 22.4B | 22.4B | 24.5B | 21.5B | |
| Gross Profit | 16.2B | 16.0B | 17.6B | 17.5B | 24.5B | 18.5B | |
| Other Operating Expenses | 18.2B | 18.4B | 19.5B | 20.1B | 21.2B | 20.0B | |
| Operating Income | 2.4B | 2.0B | 2.8B | 3.0B | 3.3B | 3.5B | |
| Ebit | 2.0B | 2.4B | 3.1B | 2.5B | 3.3B | 3.5B | |
| Ebitda | 2.5B | 2.9B | 3.8B | 3.1B | 3.8B | 4.0B | |
| Total Operating Expenses | (18.4B) | (18.5B) | (19.6B) | (14.5B) | 21.2B | 22.3B | |
| Income Before Tax | 2.6B | 2.1B | 2.9B | 2.3B | 3.1B | 3.2B | |
| Total Other Income Expense Net | 170M | (280M) | (202M) | (204M) | (219M) | (208.1M) | |
| Net Income | 2.1B | 1.7B | 2.4B | 1.8B | 2.5B | 2.6B | |
| Income Tax Expense | 475M | 383M | 531M | 443M | 584M | 613.2M | |
| Cost Of Revenue | 4.6B | 4.5B | 4.8B | 4.8B | 4.3B | 4.8B | |
| Net Income Applicable To Common Shares | 2.1B | 1.7B | 2.3B | 1.8B | 1.6B | 975.1M | |
| Net Income From Continuing Ops | 1.5B | 2.1B | 1.7B | 1.8B | 2.3B | 1.4B | |
| Extraordinary Items | (3.7B) | 361M | 0.0 | 6M | 5.4M | 5.7M | |
| Tax Provision | 268M | 475M | 383M | 443M | 548M | 450.0M | |
| Interest Income | 259M | 236M | 234M | 213M | 191.7M | 222.9M | |
| Net Interest Income | (298M) | (259M) | (236M) | (213M) | (200M) | (210M) | |
| Reconciled Depreciation | 451M | 562M | 72M | 71M | 517M | 290.2M |
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When determining whether Hartford Financial is a strong investment it is important to analyze Hartford Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hartford Financial's future performance. For an informed investment choice regarding Hartford Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Multi-line Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hartford Financial. If investors know Hartford will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hartford Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.225 | Dividend Share 1.88 | Earnings Share 9.95 | Revenue Per Share 87.921 | Quarterly Revenue Growth 0.095 |
The market value of Hartford Financial is measured differently than its book value, which is the value of Hartford that is recorded on the company's balance sheet. Investors also form their own opinion of Hartford Financial's value that differs from its market value or its book value, called intrinsic value, which is Hartford Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hartford Financial's market value can be influenced by many factors that don't directly affect Hartford Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hartford Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.