The Hartford Financial Services Group, Inc. (HIG) Key Metrics
HIG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $36.60B
- Enterprise value
- $38.87B
- P/E (TTM)
- 9.6 10-yr median 10.3
- Forward P/E
- 9.2
- PEG ratio
- 0.12
- Price / sales
- 1.2 10-yr median 1.1
- Price / book
- 1.8 10-yr median 1.5
- EV / EBITDA
- — 10-yr median 7.9
- Dividend yield
- 1.78% $2.40 a year
- Beta
- 0.49
HIG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHIG valuation Price multiples at each fiscal year-end price.
HIG returns How much profit the business earns on the capital it uses.
HIG per-share figures Results divided by the shares outstanding at year-end.
HIG financial health Debt, liquidity and how easily interest is covered.
HIG efficiency & capital use Working capital cycle and where the cash goes.
HIG valuation history
HIG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HIG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HIG cash returned to shareholders
HIG price vs earnings per share
HIG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $39.48B | $32.67B | $25.04B | $24.99B | $24.45B | $17.66B | $22.17B | $16.18B | $20.85B | $18.81B |
| Enterprise value | $39.36B | $32.78B | $29.27B | $23.30B | −$17.36B | −$26.45B | −$18.23B | $16.46B | −$14.58B | $21.74B |
| P/E ratio | 10.3 | 10.5 | 10.0 | 13.7 | 10.3 | 10.2 | 10.6 | 9.0 | — | 21.0 |
| Price / sales | 1.4 | 1.2 | 1.0 | 1.1 | 1.1 | 0.9 | 1.1 | 0.9 | 1.2 | 1.2 |
| Price / book | 2.1 | 2.0 | 1.6 | 1.8 | 1.4 | 1.0 | 1.4 | 1.2 | 1.5 | 1.1 |
| Price / free cash flow | 6.9 | 5.7 | 6.3 | 6.5 | 6.2 | 4.7 | 6.6 | 5.9 | 10.8 | 10.2 |
| Price / operating cash flow | 6.7 | 5.5 | 5.9 | 6.2 | 6.0 | 4.6 | 6.4 | 5.7 | 9.5 | 9.1 |
| EV / sales | 1.4 | 1.2 | 1.2 | 1.1 | -0.8 | -1.3 | -0.9 | 0.9 | -0.8 | 1.3 |
| EV / EBITDA | 7.4 | 7.8 | 8.1 | 8.1 | — | — | — | 6.5 | — | 18.6 |
| EV / free cash flow | 6.8 | 5.7 | 7.3 | 6.1 | — | — | — | 6.0 | — | 11.8 |
| Earnings yield | 9.7% | 9.5% | 10.0% | 7.3% | 9.7% | 9.8% | 9.4% | 11.2% | −15.0% | 4.8% |
| Free cash flow yield | 14.6% | 17.6% | 16.0% | 15.3% | 16.2% | 21.3% | 15.3% | 16.8% | 9.3% | 9.8% |
| Dividend yield | 1.6% | 1.8% | 2.2% | 2.1% | 2.1% | 2.7% | 2.0% | 2.3% | 1.6% | 1.8% |
| Shareholder yield (dividends + buybacks) | 5.6% | 6.4% | 7.8% | 8.3% | 9.0% | 3.6% | 2.9% | 3.3% | 6.6% | 8.8% |
| Share price at fiscal year-end | $137.80 | $109.40 | $80.38 | $75.83 | $69.04 | $48.98 | $60.77 | $44.45 | $56.28 | $47.65 |
| Per share | ||||||||||
| Revenue per share | $98.63 | $88.36 | $78.11 | $66.32 | $61.14 | $56.35 | $56.20 | $51.50 | $46.32 | $41.26 |
| Earnings per share | $13.39 | $10.42 | $8.04 | $5.52 | $6.70 | $4.82 | $5.71 | $4.96 | −$8.45 | $2.27 |
| Operating cash flow per share | $20.67 | $19.79 | $13.55 | $12.16 | $11.56 | $10.73 | $9.56 | $7.81 | $5.90 | $5.23 |
| Free cash flow per share | $20.08 | $19.30 | $12.86 | $11.63 | $11.18 | $10.42 | $9.27 | $7.47 | $5.23 | $4.67 |
| Cash per share | $15.66 | $14.24 | $0.40 | $122.36 | $132.02 | $134.41 | $124.02 | $12.10 | $109.11 | $5.01 |
| Book value per share | $66.24 | $55.08 | $49.20 | $41.37 | $50.39 | $51.46 | $44.59 | $35.98 | $36.42 | $42.81 |
| Tangible book value per share | $57.60 | $46.55 | $40.80 | $33.21 | $42.57 | $43.52 | $36.41 | $30.63 | $31.16 | $41.27 |
| Dividends per share | $2.14 | $1.93 | $1.76 | $1.60 | $1.43 | $1.33 | $1.24 | $1.04 | $0.92 | $0.85 |
| Capex per share | $0.59 | $0.49 | $0.69 | $0.53 | $0.38 | $0.32 | $0.29 | $0.34 | $0.67 | $0.57 |
| Debt per share | $15.26 | $14.62 | $14.00 | $117.25 | $13.96 | $12.07 | $13.29 | $12.85 | $13.49 | $12.44 |
| Shares outstanding | 286.5M | 298.6M | 311.5M | 329.5M | 354.1M | 360.6M | 364.9M | 364.1M | 370.5M | 394.8M |
| Change in shares outstanding | −4.1% | −4.1% | −5.5% | −6.9% | −1.8% | −1.2% | +0.2% | −1.7% | −6.2% | −7.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 21.7% | 19.6% | 17.3% | 11.6% | 13.0% | 10.0% | 14.2% | 13.6% | −20.6% | 5.2% |
| Return on invested capital (ROIC) | 21.7% | 17.2% | 15.9% | — | — | — | — | — | — | 2.2% |
| Return on assets (ROA) | 4.6% | 4.1% | 3.5% | 2.4% | 3.1% | 2.4% | 3.1% | 1.3% | −1.4% | 0.4% |
| Return on tangible assets | 4.6% | 4.0% | 3.7% | 2.6% | 3.2% | 2.4% | 3.1% | 3.0% | −1.4% | 0.4% |
| Free cash flow margin | 20.4% | 21.8% | 16.5% | 17.5% | 18.3% | 18.5% | 16.5% | 14.5% | 11.3% | 11.3% |
| Income quality (OCF / net income) | 1.54 | 1.90 | 1.69 | 2.20 | 1.73 | 2.23 | 1.67 | 1.57 | — | 2.31 |
| Financial health | ||||||||||
| Total debt | $4.37B | $4.37B | $4.36B | $38.63B | $4.94B | $4.35B | $4.85B | $4.68B | $5.00B | $4.91B |
| Cash & short-term investments | $4.49B | $4.25B | $126.0M | $40.32B | $46.75B | $48.47B | $45.25B | $4.40B | $40.43B | $1.98B |
| Net debt | −$115.0M | $115.0M | $4.24B | −$1.69B | −$41.80B | −$44.12B | −$40.41B | $274.0M | −$35.43B | $2.93B |
| Debt / equity | 0.23 | 0.27 | 0.28 | 2.83 | 0.28 | 0.23 | 0.30 | 0.36 | 0.37 | 0.29 |
| Debt / assets | 0.05 | 0.05 | 0.06 | 0.53 | 0.06 | 0.06 | 0.07 | 0.08 | 0.02 | 0.02 |
| Net debt / EBITDA | −0.02 | 0.03 | 1.18 | −0.58 | −11.66 | −16.45 | −12.36 | 0.11 | −24.64 | 2.50 |
| Current ratio | 17.65 | 16.69 | 0.33 | 24.79 | 0.44 | 10.31 | 5.97 | 0.88 | 0.24 | 0.02 |
| Quick ratio | 17.65 | 16.69 | 1.93 | 29.81 | 0.66 | 22.67 | 13.19 | 0.88 | 0.24 | 0.02 |
| Interest coverage | 23.9 | 19.3 | 15.5 | 10.6 | 12.4 | 9.0 | 9.9 | 5.9 | 2.3 | 1.4 |
| Working capital | $10.19B | $9.63B | −$23.66B | $50.13B | −$26.06B | $6.96B | $6.24B | −$5.17B | −$157.85B | −$199.05B |
| Invested capital | $18.86B | $16.56B | $19.56B | $11.95B | −$23.96B | −$25.56B | −$24.14B | $13.38B | −$21.93B | $19.83B |
| Tangible asset value | $16.50B | $13.90B | $12.71B | $10.94B | $15.07B | $15.70B | $13.29B | $11.15B | $11.54B | $16.29B |
| Net current asset value | −$56.22B | −$54.22B | −$43.22B | −$7.16B | −$37.94B | −$47.85B | −$47.06B | −$9.44B | −$162.53B | −$202.40B |
| Graham number | $141.27 | $113.63 | $94.34 | $71.68 | $87.13 | $74.68 | $75.71 | $63.39 | — | $46.76 |
| Graham net-net per share | −$201.73 | −$186.61 | −$235.51 | −$46.79 | −$24.62 | −$11.08 | −$17.52 | −$105.84 | −$446.32 | −$504.07 |
| Capital allocation | ||||||||||
| Dividends paid | $613.0M | $577.0M | $549.0M | $527.0M | $506.0M | $478.0M | $454.0M | $379.0M | $341.0M | $334.0M |
| Share buybacks (net) | $1.61B | $1.51B | $1.40B | $1.55B | $1.70B | $150.0M | $200.0M | $147.0M | $1.03B | $1.33B |
| Dividend payout ratio | 16.0% | 18.5% | 21.9% | 29.0% | 21.3% | 27.5% | 21.8% | 21.0% | — | 37.3% |
| Dividends + buybacks / free cash flow | 38.7% | 36.3% | 48.7% | 54.2% | 55.8% | 16.7% | 19.3% | 19.3% | 70.7% | 90.3% |
| Capex / revenue | 0.6% | 0.5% | 0.9% | 0.8% | 0.6% | 0.6% | 0.5% | 0.7% | 1.5% | 1.4% |
| Capex / operating cash flow | 2.9% | 2.5% | 5.1% | 4.4% | 3.2% | 2.9% | 3.0% | 4.3% | 11.4% | 10.8% |
| Capex / depreciation | 0.43 | 0.41 | 0.42 | 0.28 | 0.20 | 0.20 | 0.23 | 0.26 | 0.63 | 0.56 |
| Stock-based compensation / revenue | — | 0.1% | 0.5% | −0.1% | 0.1% | −0.1% | −0.0% | 0.7% | 0.7% | 0.5% |
| SG&A / revenue | — | — | — | — | — | — | 21.8% | 22.6% | 26.5% | 21.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 79.5 | 129.4 | 184.7 | 191.1 | 179.1 | 181.3 | 162.5 | 158.9 | 163.3 | 382.2 |
| Days of inventory on hand | — | — | -578.4 | -188.7 | -182.2 | -185.7 | -186.3 | — | — | — |
| Days payables outstanding | 14.7 | 10.0 | — | 12.4 | 13.2 | 14.8 | 15.6 | 17.2 | 362.4 | 739.3 |
| Cash conversion cycle (days) | 64.8 | 119.4 | — | -10.0 | -16.3 | -19.1 | -39.4 | 141.7 | -199.1 | -357.2 |
| Receivables turnover | 4.59 | 2.82 | 1.98 | 1.91 | 2.04 | 2.01 | 2.25 | 2.30 | 2.23 | 0.96 |
| Payables turnover | 24.86 | 36.50 | — | 29.45 | 27.64 | 24.71 | 23.34 | 21.26 | 1.01 | 0.49 |
| Asset turnover | 0.34 | 0.35 | 0.34 | 0.29 | 0.29 | 0.28 | 0.31 | 0.13 | 0.08 | 0.07 |
| Average receivables | $6.16B | $9.35B | $12.31B | $11.44B | $10.62B | $10.10B | $9.13B | $8.16B | $7.68B | $17.06B |
| Average payables | $613.0M | $614.0M | — | $672.5M | $694.0M | $728.0M | $761.0M | $791.5M | $16.00B | $31.42B |
| Average inventory | — | — | −$33.54B | −$10.24B | −$9.57B | −$9.15B | −$9.07B | — | $0 | $0 |
| Intangibles / total assets | 2.9% | 3.1% | 3.7% | 3.7% | 3.6% | 3.9% | 4.2% | 3.1% | 0.9% | 0.3% |
Computed from HIG's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HIG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), The Hartford traded at 10.3 times earnings, against a 10-year median of 10.3. Based on the latest twelve months, the trailing P/E is 9.6 and the forward P/E is 9.2. The Hartford earned a return on equity of 21.7% and a return on invested capital of 21.7% in fiscal 2025. It ended the year with $4.4 billion of debt and $4.5 billion in cash and short-term investments, a net cash position of $115.0 million. It returned $2.2 billion to shareholders: $613.0 million in dividends and $1.6 billion in share buybacks, 39% of free cash flow. The share count fell 27.4% from 394.8M to 286.5M over 9 years.
See the HIG income statement, the HIG chart for price history, or the HIG stock overview for the latest quote and news.
HIG key metrics FAQ
What is The Hartford's P/E ratio?
The Hartford's trailing P/E ratio is 9.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.2. At the end of fiscal 2025 it was 10.3, compared with a 10-year median of 10.3.
What is The Hartford's EV/EBITDA?
The Hartford's enterprise value was 7.4 times EBITDA at the end of fiscal 2025 (enterprise value $39.4 billion, EBITDA $5.4 billion).
What is The Hartford's return on equity?
The Hartford's return on equity (ROE) was 21.7% in fiscal 2025: net income of $3.8 billion on average shareholders' equity of $17.7 billion.
What is The Hartford's ROIC?
The Hartford's return on invested capital was 21.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does The Hartford have?
The Hartford had total debt of $4.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.23 and more cash than debt.
What is The Hartford's dividend yield?
The Hartford's forward dividend yield is 1.78%. The Hartford paid $613.0 million in dividends in fiscal 2025 ($2.14 per share), a payout ratio of 16.0%.
Does The Hartford buy back its shares?
Yes. The Hartford spent $1.6 billion on net share repurchases in fiscal 2025 Shares outstanding changed −4.1% over the year, to 286.5M..
What is The Hartford's free cash flow yield?
The Hartford generated $5.8 billion of free cash flow in fiscal 2025, a free cash flow yield of 14.6% on its market value at year-end ($39.5 billion).
What is The Hartford's current ratio?
The Hartford's current ratio was 17.65 at the end of fiscal 2025: current assets were 17.65 times current liabilities.