HARTFORD INSURANCE GROUP, INC.

HIG 10-K · FY 2025

HIG FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Premiums Earned Net 24,030 22,567 +6.5%
Show Product Lines breakouts
Accident And Health Insurance Segment 4,062 3,998 +1.6%
Life And Annuity Insurance Product Line 2,583 2,617 -1.3%
Property Liability And Casualty Insurance Segment 17,608 16,174 +8.9%
Show Income Statement Location breakouts
Earned premiums and fees [Member] 24,253 22,789 +6.4%
Insurance Commissions And Fees 1,417 1,373 +3.2%
Show Product Lines breakouts
Administrative services fees [Member] · Employee Benefits [Member] 223 222 +0.5%
Advisor, distribution and other management fees [Member] · Hartford Funds 1,077 1,035 +4.1%
Installment billing fees [Member] · P&C Business Insurance [Member] 45 43 +4.7%
Installment billing fees [Member] · P&C Personal Insurance [Member] 32 33 -3.0%
Investment management and other fees [Member] · Corporate Non Segment 40 40 0.0%
Net Investment Income 2,911 2,568 +13.4%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 533 475 +12.2%
Hartford Funds · Operating Segments 21 20 +5.0%
P&C Business Insurance [Member] · Operating Segments 1,967 1,714 +14.8%
P&C Personal Insurance [Member] · Operating Segments 256 222 +15.3%
Property & Casualty Other Operations [Member] · Operating Segments 76 74 +2.7%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Currency Swap 10 12 -16.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Swap -8 -25 +68.0%
Show Consolidated Entities breakouts
Parent Company 44 47 -6.4%
Show Consolidation Items breakouts
Corporate Non Segment 58 63 -7.9%
Operating Segments 2,853 2,505 +13.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees · Limited Partner -1,502 -1,002 -49.9%
Realized Investment Gains Losses -100 -61 -63.9%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments -38 -24 -58.3%
Hartford Funds · Operating Segments 15 12 +25.0%
P&C Business Insurance [Member] · Operating Segments -91 -73 -24.7%
P&C Personal Insurance [Member] · Operating Segments -13 -14 +7.1%
Property & Casualty Other Operations [Member] · Operating Segments -3 -4 +25.0%
Show Equity Components breakouts
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -68 -169 +59.8%
Show Consolidation Items breakouts
Corporate Non Segment 30 42 -28.6%
Operating Segments -130 -103 -26.2%
Other Income 110 88 +25.0%
Show Product Lines breakouts
Insurance servicing fees [Member] · P&C Personal Insurance [Member] 88 85 +3.5%
Other · Corporate Non Segment 1
Show Business Segments breakouts
P&C Business Insurance [Member] · Operating Segments 3 1 +200.0%
P&C Personal Insurance [Member] · Operating Segments 88 85 +3.5%
Show Consolidated Entities breakouts
Parent Company 13
Show Consolidation Items breakouts
Corporate Non Segment 19 2 +850.0%
Operating Segments 91 86 +5.8%
Revenue 28,368 26,535 +6.9%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 7,140 7,066 +1.0%
Hartford Funds · Operating Segments 1,113 1,067 +4.3%
P&C Business Insurance [Member] · Operating Segments 15,807 14,406 +9.7%
P&C Personal Insurance [Member] · Operating Segments 4,088 3,779 +8.2%
Property & Casualty Other Operations [Member] · Operating Segments 73 70 +4.3%
Show Consolidated Entities breakouts
Parent Company 57 51 +11.8%
Show Consolidation Items breakouts
Corporate Non Segment 147 147 0.0%
Operating Segments 28,221 26,388 +6.9%
Policyholder Benefits And Claims Incurred Net 15,238 14,874 +2.4%
Show Product Lines breakouts
Disability Insurance Policy · Employee Benefits [Member] 2,497 2,432 +2.7%
Life Insurance Segment · Employee Benefits [Member] 1,970 2,060 -4.4%
Other Insurance Product Line · Employee Benefits [Member] 225 189 +19.0%
Deferred Policy Acquisition Cost Amortization Expense 2,516 2,282 +10.3%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 33 34 -2.9%
P&C Business Insurance [Member] · Operating Segments 2,201 1,993 +10.4%
P&C Personal Insurance [Member] · Operating Segments 282 255 +10.6%
Show Consolidation Items breakouts
Operating Segments 2,516 2,282 +10.3%
Selling, General & Administrative 5,584 5,258 +6.2%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 1,675 1,609 +4.1%
P&C Business Insurance [Member] · Operating Segments 2,146 1,973 +8.8%
P&C Personal Insurance [Member] · Operating Segments 718 673 +6.7%
Property & Casualty Other Operations [Member] · Operating Segments 8 9 -11.1%
Show Consolidated Entities breakouts
Parent Company -1 -3 +66.7%
Interest Expense 199 199 0.0%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Interest Rate Swap 12 16 -25.0%
Show Consolidated Entities breakouts
Parent Company 199 199 0.0%
Amortization Of Intangible Assets 71 71 0.0%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 40 40 0.0%
P&C Business Insurance [Member] · Operating Segments 29 29 0.0%
P&C Personal Insurance [Member] · Operating Segments 2 2 0.0%
Show Consolidation Items breakouts
Operating Segments 71 71 0.0%
Benefits Losses And Expenses 23,608 22,686 +4.1%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 6,440 6,364 +1.2%
Hartford Funds · Operating Segments 844 824 +2.4%
P&C Business Insurance [Member] · Operating Segments 12,309 11,475 +7.3%
P&C Personal Insurance [Member] · Operating Segments 3,457 3,455 +0.1%
Property & Casualty Other Operations [Member] · Operating Segments 204 228 -10.5%
Show Consolidated Entities breakouts
Parent Company 198 196 +1.0%
Show Consolidation Items breakouts
Corporate Non Segment 276 263 +4.9%
Operating Segments 23,254 22,346 +4.1%
Income Before Taxes 4,760 3,849 +23.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -32 -32 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 14 3 +366.7%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -68 -169 +59.8%
Income Tax Expense (Benefit) 924 738 +25.2%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 143 141 +1.4%
Hartford Funds · Operating Segments 56 51 +9.8%
P&C Business Insurance [Member] · Operating Segments 712 576 +23.6%
P&C Personal Insurance [Member] · Operating Segments 113 49 +130.6%
Property & Casualty Other Operations [Member] · Operating Segments -29 -35 +17.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -7 -7 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 3 1 +200.0%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -14 -35 +60.0%
Show Consolidated Entities breakouts
Parent Company -57 -44 -29.5%
Show Consolidation Items breakouts
Corporate Non Segment -71 -44 -61.4%
Operating Segments 995 782 +27.2%
Net Income 3,836 3,111 +23.3%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 557 561 -0.7%
Hartford Funds · Operating Segments 213 192 +10.9%
P&C Business Insurance [Member] · Operating Segments 2,780 2,349 +18.3%
P&C Personal Insurance [Member] · Operating Segments 447 208 +114.9%
Property & Casualty Other Operations [Member] · Operating Segments -103 -127 +18.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -25 -25 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 11 2 +450.0%
Accumulated Net Unrealized Investment Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -54 -134 +59.7%
Retained Earnings 3,836 3,111 +23.3%
Show Consolidated Entities breakouts
Parent Company 3,836 3,111 +23.3%
Show Consolidation Items breakouts
Corporate Non Segment -58 -72 +19.4%
Operating Segments 3,894 3,183 +22.3%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees · Limited Partner 19,040 14,778 +28.8%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -68 -158 +57.0%
Preferred Stock Dividends Income Statement Impact 21 21 0.0%
Net Income Loss Available To Common Stockholders Basic 3,815 3,090 +23.5%
EPS (Basic) 13.51 10.51 +28.5%
EPS (Diluted) 13.32 10.35 +28.7%
Revenue 1,506 1,458 +3.3%
Operating Expenses (FY)
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 7 7 0.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income -39 -39 0.0%
Operating Income (FY)
Show Consolidated Entities breakouts
Parent Company -141 -145 +2.8%
Comprehensive Income 4,665 3,074 +51.8%
Show Consolidated Entities breakouts
Parent Company 4,665 3,074 +51.8%
Other Comprehensive Income 829 -37 +2340.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -52 -1 -5100.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent -24 19 -226.3%
Accumulated Net Unrealized Investment Gain Loss 898 -57 +1675.4%
Accumulated Other Comprehensive Income 829 -37 +2340.5%
Accumulated Translation Adjustment 13 -8 +262.5%
Aoci Gain Loss Debt Securities Available For Sale With Allowance For Credit Loss Parent 3 2 +50.0%
Aoci Liability For Future Policy Benefit Parent -9 8 -212.5%
Show Consolidated Entities breakouts
Parent Company 829 -37 +2340.5%
Wtd Avg Shares (Basic) 282.4 293.9 -3.9%
Wtd Avg Shares (Diluted) 286.5 298.6 -4.1%
Depreciation And Amortization 187 177 +5.6%
Income Loss From Equity Method Investments 291 103 +182.5%
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1 (FY)
Show Product Lines breakouts
Group Policies 4,836 4,828 +0.2%
Group Policies · Other Operating Income Expense 173 175 -1.1%
Property Liability And Casualty Insurance Segment 10,540 10,185 +3.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Non-Current Assets
Deferred Tax Assets 901 1,229 -26.7%
Show Consolidated Entities breakouts
Parent Company 442 432 +2.3%
Goodwill 1,911 1,911 0.0%
Show Business Segments breakouts
Employee Benefits [Member] · Corporate Non Segment 138 138 0.0%
Employee Benefits [Member] · Operating Segments 723 723 0.0%
Hartford Funds · Corporate Non Segment 92 92 0.0%
Hartford Funds · Operating Segments 180 180 0.0%
P&C Business Insurance [Member] · Operating Segments 659 659 0.0%
P&C Personal Insurance [Member] · Operating Segments 119 119 0.0%
Show Consolidation Items breakouts
Corporate Non Segment 230 230 0.0%
Property, Plant & Equipment 931 888 +4.8%
Total Assets 85,997 80,917 +6.3%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 13,564 13,502 +0.5%
Hartford Funds · Operating Segments 812 761 +6.7%
P&C Business Insurance [Member] · Operating Segments 57,471 53,296 +7.8%
P&C Personal Insurance [Member] · Operating Segments 6,446 6,034 +6.8%
Property & Casualty Other Operations [Member] · Operating Segments 4,354 4,312 +1.0%
Show Consolidated Entities breakouts
Parent Company 25,929 23,330 +11.1%
Show Consolidation Items breakouts
Corporate Non Segment 3,350 3,012 +11.2%
Operating Segments 82,647 77,905 +6.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees · Limited Partner 396,968 356,430 +11.4%
Operating Lease Right-of-Use Assets 159 140 +13.6%
Intangible Assets 471 542 -13.1%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 279 323 -13.6%
Distribution and Agency relationships & Other 183 206 -11.2%
Distribution Rights 2 4 -50.0%
Marketing agreement with Aetna 7 9 -22.2%
Other Assets
Equity Securities Fv Ni 492 603 -18.4%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 379 372 +1.9%
Fair Value Inputs Level2 7 144 -95.1%
Fair Value Inputs Level3 106 87 +21.8%
Fair Value Inputs Level3 · Equity Securities 56
Fair Value Inputs Level3 · Equity Securities 14
Notes Receivable Net 6,837 6,396 +6.9%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Carrying Reported Amount Fair Value Disclosure 6,837 6,396 +6.9%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 6,607 5,901 +12.0%
Show Financial Instrument breakouts
Commercial Loan 6,837 6,396 +6.9%
Alternative Investment 5,804 5,042 +15.1%
Show Consolidated Entities breakouts
Parent Company 115
Other Investments 262 226 +15.9%
Other Short Term Investments 4,353 4,068 +7.0%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 602 1,271 -52.6%
Fair Value Inputs Level2 3,369 2,699 +24.8%
Fair Value Inputs Level3 382 98 +289.8%
Fair Value Inputs Level3 · Short Term Investments 382 98 +289.8%
Show Consolidated Entities breakouts
Parent Company 1,476 1,290 +14.4%
Investments 63,957 59,210 +8.0%
Cash 133 183 -27.3%
Restricted Cash 44 51 -13.7%
Accrued Investment Income Receivable 474 450 +5.3%
Show Consolidated Entities breakouts
Parent Company 1 1 0.0%
Premiums Receivable At Carrying Value 6,316 5,998 +5.3%
Reinsurance Recoverables 7,191 7,140 +0.7%
Show Product Lines breakouts
Group Policies · Operating Segments 294 290 +1.4%
Property Liability And Casualty Insurance Segment · Operating Segments 6,684 6,626 +0.9%
Show Consolidation Items breakouts
Corporate Non Segment 213 224 -4.9%
Deferred Policy Acquisition Costs And Value Of Business Acquired 1,347 1,239 +8.7%
Other Intangible Assets Net 566 637 -11.1%
Other Assets 2,226 1,981 +12.4%
Show Consolidated Entities breakouts
Parent Company 409 409 0.0%
Variable Interest Entity Not Primary Beneficiary 121 51 +137.3%
Non-Current Liabilities
Long-Term Debt 4,371 4,366 +0.1%
Total Liabilities 67,018 64,470 +4.0%
Show Consolidated Entities breakouts
Parent Company 6,950 6,883 +1.0%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees · Limited Partner 69,322 57,017 +21.6%
Long-Term Debt 4,371 4,366 +0.1%
Show Consolidated Entities breakouts
Parent Company 4,371 4,366 +0.1%
Other Liabilities
Available For Sale Securities Debt Securities 46,041 42,567 +8.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 164 57 +187.7%
Fair Value Inputs Level1 · US Treasury Securities 164 57 +187.7%
Fair Value Inputs Level2 42,505 39,900 +6.5%
Fair Value Inputs Level2 · Asset Backed Securities 4,496 3,915 +14.8%
Fair Value Inputs Level2 · Collateralized Loan Obligations 3,099 3,134 -1.1%
Fair Value Inputs Level2 · Commercial Mortgage Backed Securities 2,213 2,569 -13.9%
Fair Value Inputs Level2 · Corporate Debt Securities 20,210 18,355 +10.1%
Fair Value Inputs Level2 · Foreign Government Debt Securities 447 480 -6.9%
Fair Value Inputs Level2 · Municipal Bonds 4,652 5,304 -12.3%
Fair Value Inputs Level2 · Residential Mortgage Backed Securities 6,171 5,206 +18.5%
Fair Value Inputs Level2 · US Treasury Securities 1,217 937 +29.9%
Fair Value Inputs Level3 3,372 2,610 +29.2%
Fair Value Inputs Level3 · Asset Backed Securities 167 22 +659.1%
Fair Value Inputs Level3 · Asset Backed Securities 167
Fair Value Inputs Level3 · Collateralized Loan Obligations 217 116 +87.1%
Fair Value Inputs Level3 · Collateralized Loan Obligations 217
Fair Value Inputs Level3 · Commercial Mortgage Backed Securities 115 166 -30.7%
Fair Value Inputs Level3 · Commercial Mortgage Backed Securities 115 167 -31.1%
Fair Value Inputs Level3 · Corporate Debt Securities 2,765 2,166 +27.7%
Fair Value Inputs Level3 · Corporate Debt Securities 2,866 2,281 +25.6%
Fair Value Inputs Level3 · Residential Mortgage Backed Securities 7 19 -63.2%
Fair Value Inputs Level3 · Residential Mortgage Backed Securities 7 24 -70.8%
Show Financial Instrument breakouts
Asset Backed Securities 4,663 3,937 +18.4%
Collateralized Loan Obligations 3,316 3,250 +2.0%
Commercial Mortgage Backed Securities 2,328 2,736 -14.9%
Corporate Debt Securities 23,076 20,636 +11.8%
Foreign Government Debt Securities 447 480 -6.9%
Municipal Bonds 4,652 5,304 -12.3%
Residential Mortgage Backed Securities 6,178 5,230 +18.1%
US Treasury Securities 1,381 994 +38.9%
Show Consolidated Entities breakouts
Parent Company 18 20 -10.0%
Liability For Claims And Claims Adjustment Expense 46,268 44,610 +3.7%
Show Product Lines breakouts
Assumed Reinsurance [Member] · Material Reconciling Items 954
Automobiles · P&C Business Insurance [Member] 1,907
Automobiles · P&C Personal Insurance [Member] 1,760
Commercial automobile physical damage · P&C Business Insurance [Member] 28
General Liability · Abuse Claims [Member] 787
General Liability · Material Reconciling Items 7,624
Group Policies 8,113 8,206 -1.1%
Group Policies · Group life and accident, excluding premium waiver 643
Group Policies · Group life premium waiver 400
Group Policies · Group long-term disability 6,856
Group Policies · Group short-term disability 169
Group Policies · Group supplemental health 45
Marine [Member] · Material Reconciling Items 598
Other operations · Material Reconciling Items 459
Other Shortduration Insurance Product Line · Material Reconciling Items 548
Package Business [Member] · Material Reconciling Items 3,013
Personal automobile physical damage · P&C Personal Insurance [Member] 65
Professional Liability Insurance · Material Reconciling Items 2,259
Property Insurance Product Line · P&C Business Insurance [Member] 873
Property Insurance Product Line · P&C Personal Insurance [Member] 439
Property Liability And Casualty Insurance Segment 38,155 36,404 +4.8%
Surety Segment · Material Reconciling Items 433
Workers' Compensation · Material Reconciling Items 14,870
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 8,113 8,206 -1.1%
P&C Business Insurance [Member] · Operating Segments 33,175 31,381 +5.7%
P&C Personal Insurance [Member] · Operating Segments 2,275 2,239 +1.6%
Property & Casualty Other Operations [Member] · Operating Segments 2,705 2,784 -2.8%
Show Consolidation Items breakouts
Material Reconciling Items · Asbestos and Environmental 2,325
Operating Segments 46,268 44,610 +3.7%
Liability For Future Policy Benefits 444 448 -0.9%
Show Product Lines breakouts
Deferred Profit Liability 17 17 0.0%
Fixed Annuity 123 128 -3.9%
Life Conversions 61 61 0.0%
Other Longduration Insurance Product Line 78 74 +5.4%
Paid Up Life 165 168 -1.8%
Show Business Segments breakouts
Employee Benefits [Member] · Operating Segments 291 290 +0.3%
Show Consolidation Items breakouts
Corporate Non Segment 153 158 -3.2%
Operating Segments 291 290 +0.3%
Policyholder Funds 612 614 -0.3%
Show Product Lines breakouts
Other Shortduration Insurance Product Line 416 408 +2.0%
Universal Life 196 206 -4.9%
Universal Life · Policyholder Account Balance At Guaranteed Minimum Crediting Rate 195 205 -4.9%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Carrying Reported Amount Fair Value Disclosure 612 614 -0.3%
Fair Value Inputs Level3 · Estimate Of Fair Value Fair Value Disclosure 613 614 -0.2%
Unearned Premiums 10,053 9,408 +6.9%
Other Liabilities 5,270 5,024 +4.9%
Show Consolidated Entities breakouts
Parent Company 555 550 +0.9%
Parent Company · Affiliated Entity 2,024 1,967 +2.9%
Stockholders' Equity
Preferred Stock Value Outstanding 334 334 0.0%
Show Consolidated Entities breakouts
Parent Company 334 334 0.0%
Common Stock 3 3 0.0%
Show Consolidated Entities breakouts
Parent Company 3 3 0.0%
Additional Paid-In Capital 549 578 -5.0%
Show Consolidated Entities breakouts
Parent Company 549 578 -5.0%
Retained Earnings 24,739 21,531 +14.9%
Show Consolidated Entities breakouts
Parent Company 24,739 21,531 +14.9%
Treasury Stock Value -4,589 -3,113 -47.4%
Show Consolidated Entities breakouts
Parent Company 4,589 3,113 +47.4%
Accumulated Other Comprehensive Income -2,057 -2,886 +28.7%
Show Consolidated Entities breakouts
Parent Company -2,057 -2,886 +28.7%
Total Stockholders' Equity 18,979 16,447 +15.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -1,495 -1,443 -3.6%
Accumulated Gain Loss Net Cash Flow Hedge Parent 16 40 -60.0%
Accumulated Net Unrealized Investment Gain Loss -641 -1,539 +58.3%
Accumulated Other Comprehensive Income -2,057 -2,886 +28.7%
Accumulated Translation Adjustment 42 29 +44.8%
Additional Paid In Capital 549 578 -5.0%
Aoci Gain Loss Debt Securities Available For Sale With Allowance For Credit Loss Parent -3 -6 +50.0%
Aoci Liability For Future Policy Benefit Parent 24 33 -27.3%
Common Stock 3 3 0.0%
Preferred Stock 334 334 0.0%
Retained Earnings 24,739 21,531 +14.9%
Treasury Stock Common -4,589 -3,113 -47.4%
Show Consolidated Entities breakouts
Parent Company 18,979 16,447 +15.4%
Total Liabilities & Equity 85,997 80,917 +6.3%
Show Consolidated Entities breakouts
Parent Company 25,929 23,330 +11.1%
Common Stock Shares Issued 326,960,228 326,960,228 0.0%
Fair Value Option Fixed Maturity Securities 168 308 -45.5%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 168 197 -14.7%
Show Financial Instrument breakouts
Collateralized Loan Obligations 168 308 -45.5%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Gain Loss On Investments 100 61 +63.9%
Deferred Policy Acquisition Costs And Present Value Of Future Profits Amortization1 2,516 2,282 +10.3%
Increase Decrease In Deferred Policy Acquisition Costs -2,624 -2,408 -9.0%
Depreciation Amortization And Accretion Net 396 356 +11.2%
Other Operating Activities Cash Flow Statement 148 329 -55.0%
Increase Decrease In Reinsurance Recoverable -63 -54 -16.7%
Increase Decrease In Deferred Income Taxes 42 -100 +142.0%
Increase Decrease In Insurance Liabilities 2,272 3,058 -25.7%
Increase Decrease In Premiums Receivable -419 -458 +8.5%
Increase Decrease In Other Operating Capital Net -282 -268 -5.2%
Net Cash from Operations 5,922 5,909 +0.2%
Show Consolidated Entities breakouts
Parent Company 1,947 1,614 +20.6%
Deferred Income Taxes 109 -47 +331.9%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt 10,352 10,808 -4.2%
Show Financial Instrument breakouts
Debt Securities 5.7 5.7 0.0%
Show Consolidated Entities breakouts
Parent Company 2 4 -50.0%
Proceeds From Sale And Maturity Of Fair Value Option Fixed Maturity Securties 109 50 +118.0%
Proceeds From Sale And Maturity Of Marketable Securities 240 401 -40.1%
Proceeds From Sale And Collection Of Mortgage Notes Receivable 1,598 740 +115.9%
Proceeds From Limited Partnership Investments 291 238 +22.3%
Show Consolidated Entities breakouts
Parent Company -115
Purchases of Investments -12,769 -14,023 +8.9%
Payments For The Purchase Of Fair Value Option Fixed Maturity Securties -17 -52 +67.3%
Payments To Acquire Marketable Securities -97 -44 -120.5%
Payments To Acquire Mortgage Notes Receivable -2,021 -1,025 -97.2%
Payments To Acquire Limited Partnership Interests -1,025 -664 -54.4%
Payments For Proceeds From Derivative Instrument Investing Activities -12 35 -134.3%
Capital Expenditures -169 -145 -16.6%
Payments For Proceeds From Short Term Investments -149 -80 -86.2%
Show Consolidated Entities breakouts
Parent Company 186 250 -25.6%
Other Investing Activities -89 -7 -1171.4%
Show Consolidated Entities breakouts
Parent Company 11 -2 +650.0%
Net Cash from Investing -3,758 -3,768 +0.3%
Show Consolidated Entities breakouts
Parent Company 303 460 -34.1%
Financing Activities
Additions To Contract Holders Funds 127 108 +17.6%
Withdrawal From Contract Holders Funds -116 -115 -0.9%
Proceeds Payments Issuance Return Of Shares Under Incentive And Share Based Compensation Plans -18 22 -181.8%
Share Repurchases -1,615 -1,514 -6.7%
Show Consolidated Entities breakouts
Parent Company 1,615 1,514 +6.7%
Payments Of Dividends Preferred Stock And Preference Stock -21 -21 0.0%
Show Consolidated Entities breakouts
Parent Company 21 21 0.0%
Payments Of Dividends Common Stock -592 -556 -6.5%
Show Consolidated Entities breakouts
Parent Company 596 561 +6.2%
Net Cash from Financing -2,235 -2,076 -7.7%
Show Consolidated Entities breakouts
Parent Company -2,250 -2,074 -8.5%
Supplemental
Interest Paid 206 211 -2.4%
Income Taxes Paid 863 812 +6.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 14 -20 +170.0%
Net Change in Cash -57 45 -226.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 177 234 -24.4%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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