Segment Information

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment Information

3. SEGMENT INFORMATION

The Company currently conducts business principally in five reporting segments including Commercial Lines, Personal Lines, Property & Casualty ("P&C") Other Operations, Group Benefits and Hartford Funds, as well as a Corporate category.

Net Income (Loss)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Commercial Lines	$	519	$	286	$	1,398	$	1,058
Personal Lines	(12)		(36)		(73)		47
Property & Casualty Other Operations	9		6		24		(6)
Group Benefits	146		86		359		184
Hartford Funds	41		41		127		117
Corporate	(52)		(43)		(102)		(173)
Net income	651		340		1,733		1,227
Preferred stock dividends	6		6		16		16
Net income available to common stockholders	$	645	$	334	$	1,717	$	1,211

Revenues

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Earned premiums and fee income:
Commercial Lines
Workers’ compensation	$	919	$	892	$	2,741	$	2,596
Liability	522		471		1,510		1,348
Marine	67		60		192		175
Package business	534		473		1,532		1,357
Property	250		218		722		620
Professional liability	198		189		582		549
Bond	82		77		239		226
Assumed reinsurance	156		119		437		337
Automobile	234		214		679		625
Total Commercial Lines	2,962		2,713		8,634		7,833
Personal Lines
Automobile	546		522		1,589		1,523
Homeowners	245		235		716		695
Total Personal Lines [1]	791		757		2,305		2,218
Group Benefits
Group disability	884		823		2,628		2,457
Group life	643		593		1,936		1,789
Other	102		88		304		265
Total Group Benefits	1,629		1,504		4,868		4,511
Hartford Funds
Mutual fund and ETF	229		234		678		742
Third-party life and annuity separate accounts	19		19		55		61
Total Hartford Funds	248		253		733		803
Corporate	10		11		30		37
Total earned premiums and fee income	5,640		5,238		16,570		15,402
Net investment income	597		487		1,652		1,537
Net realized losses	(90)		(166)		(161)		(649)
Other revenues	21		21		66		56
Total revenues	$	6,168	$	5,580	$	18,127	$	16,346

[1]For the three months ended September 30, 2023 and 2022, AARP members accounted for earned premiums of $731 and $695, respectively. For the nine months ended September 30, 2023 and 2022, AARP members accounted for earned premiums of $2.1 billion and $2.0 billion, respectively.

Non-Insurance Revenue from Contracts with Customers

		Three Months Ended September 30,				Nine Months Ended September 30,
	Revenue Line Item	2023		2022		2023		2022
Commercial Lines
Installment billing fees	Fee income	$	11	$	10	$	31	$	29
Personal Lines
Installment billing fees	Fee income	7		8		22		23
Insurance servicing revenues	Other revenues	21		20		64		56
Group Benefits
Administrative services	Fee income	54		46		161		139
Hartford Funds
Advisory, servicing and distribution fees	Fee income	248		253		733		803
Corporate
Investment management and other fees	Fee income	10		11		30		37
Other	Other revenues	—		—		1		1
Total non-insurance revenues with customers		$	351	$	348	$	1,042	$	1,088