HARTFORD INSURANCE GROUP, INC. Earnings Per Share Disclosure
| For the years ended December 31, | |||||||||||
| (In millions, except for per share data) | 2025 | 2024 | 2023 | ||||||||
| Earnings | |||||||||||
| Net income | $ | 3,836 | $ | 3,111 | $ | 2,504 | |||||
| Less: Preferred stock dividends | 21 | 21 | 21 | ||||||||
| Net income available to common stockholders | $ | 3,815 | $ | 3,090 | $ | 2,483 | |||||
Shares | |||||||||||
| Weighted average common shares outstanding, basic | 282.4 | 293.9 | 307.1 | ||||||||
| Dilutive effect of stock-based awards under compensation plans | 4.1 | 4.7 | 4.4 | ||||||||
| Weighted average common shares outstanding and dilutive potential common shares [1] | 286.5 | 298.6 | 311.5 | ||||||||
| Net income available to common stockholders per common share | |||||||||||
Basic | $ | 13.51 | $ | 10.51 | $ | 8.09 | |||||
| Diluted | $ | 13.32 | $ | 10.35 | $ | 7.97 | |||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2020 | Feb 19, 2021 | |
| 2019 | Feb 21, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.