HARTFORD FINANCIAL SERVICES Reports Fourth Quarter FY2022 Earnings Results on February 2 2023
March 12, 2023
Earnings Overview
On February 2 2023, HARTFORD FINANCIAL SERVICES ($BER:HFF) reported its financial results for the fourth quarter of FY2022, which ended on December 31 2022. The company recorded a total revenue of USD 589.0 million, a 19.2% decrease year over year. However, net income was up by 3.4%, reaching USD 6016.0 million.
Share Price
The stock opened at €68.5 and closed at €68.5, representing a 3.5% decrease from the previous closing price of €71.0. This downturn in price marked a noticeable decrease for HARTFORD FINANCIAL SERVICES in comparison to their previous quarter’s earnings results. Despite these results, HARTFORD FINANCIAL SERVICES remains a financially solid company with a strong asset base.
The company has committed to increasing shareholder dividends and reducing costs to offset some of the losses that were incurred in the fourth quarter. With this strategy in mind, HARTFORD FINANCIAL SERVICES is optimistic that its financial performance in the upcoming quarters will improve. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HFF. More…
| Total Revenues | Net Income | Net Margin |
| 22.36k | 1.79k | 8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HFF. More…
| Operations | Investing | Financing |
| 4.13k | -2.47k | -1.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HFF. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 73.02k | 59.39k | 43.26 |
Key Ratios Snapshot
Some of the financial key ratios for HFF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | – | 11.1% |
| FCF Margin | ROE | ROA |
| 17.7% | 11.6% | 2.1% |
Analysis
GoodWhale’s analysis of HARTFORD FINANCIAL SERVICES financials reveals a company that has a high health score of 8/10 with regard to its cashflows and debt. This indicates that the company is capable of safely riding out any crisis without the risk of bankruptcy. According to our Star Chart, HARTFORD FINANCIAL SERVICES is classified as a ‘cow’, which means it has a track record of paying out consistent and sustainable dividends. Such a company would be attractive to investors who are looking for a steady income stream, such as retirees and those seeking to build a portfolio of dividend stocks. However, HARTFORD FINANCIAL SERVICES is weak in terms of growth, profitability, and asset appreciation, so investors who are looking for high capital gains may want to look elsewhere. More…
Summary
HARTFORD FINANCIAL SERVICES reported their fourth quarter earnings of FY2022 on February 2nd, 2023. Total revenue was USD 589.0 million, a decrease of 19.2% compared to the same period in the previous year. Net income reported was USD 6016.0 million, which increased 3.4% year over year. The announcement of the earnings results caused a decline in the company’s stock price.
Investors should carefully evaluate the performance of HARTFORD FINANCIAL SERVICES before deciding to invest in the company. They should take into account factors such as the decrease in total revenue, the increase in net income, and the volatility of the stock price, and then compare them to industry trends and other companies in the sector in order to make an informed decision.
