- Hartford beat Q4'21 expectations, but it was a lower-quality beat, with weaker core underwriting performance in both commercial and personal lines.
- The hard market in commercial P&C is helping Hartford, but not as much as its peers, given its greater exposure to smaller corporate clients and workers' comp.
- It will take time to fix the loss issues in the auto business, but Hartford's positioning is better than most because of the decisions it made during the pandemic.
- Long-term core earnings growth in excess of 4% should be able to drive a long-term total annualized return in the double digits, but near-term outperformance may be more challenging given the mix.
For further details see:
Hartford's Consistent Performance Not Quite In Step With The Hard Commercial P&C Market