Latest news with #TheHartford
Business Wire
12-08-2025
- Business
- Business Wire
Comstock Welcomes Perspire Sauna Studio to The Hartford
RESTON, Va.--(BUSINESS WIRE)--Comstock Holding Companies, Inc. (Nasdaq: CHCI) ('Comstock'), a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that Perspire Sauna Studio has signed a lease to occupy 1,700 square feet of street-level retail space at The Hartford, located at 3101 Wilson Boulevard in Arlington, Virginia. Perspire Sauna Studio offers innovative recovery and self-care experiences using full-spectrum infrared sauna therapy and medical-grade red light therapy. Private sauna suites offer personalized sessions for detoxification, immune support, improved circulation, enhanced skin health, and mental clarity in a serene, spa-like environment. Joining over 70 locations nationwide, this location will be Perspire Sauna Studio's second location in the DMV region and is targeted to open by the end of 2025. 'Bringing Perspire Sauna Studio to Clarendon is another exciting step in our vision to expand access to the wellness benefits of infrared sauna and red-light therapy across Northern Virginia,' said Michael Baffa, Co-Owner of Perspire Sauna Studio Clarendon. 'From detoxification and improved circulation to mental clarity and relaxation, our private, spa-like suites are designed to help guests feel their best. We look forward to introducing the Clarendon community to a personalized wellness experience that's as inviting as it is effective.' Perspire Sauna Studio is the latest addition to The Hartford's curated mix of retailers, joining Cut7 Sports and Fitness Training, East West Café, Kilwins Chocolate and Ice Cream Shop (opening this September), and Paris Baguette (scheduled to open later this fall). 'The addition of Perspire Sauna Studio to The Hartford compliments its already impressive roster of retail providers,' said Tim Steffan, Chief Operating Officer of Comstock. 'We remain committed to promoting wellness-driven, lifestyle retail offerings that provide elevated experiences for tenants, visitors, and the surrounding community.' Located just steps from the Clarendon Metro Station, The Hartford is a nine-story Class A office building that offers unparalleled amenities in the heart of Arlington's vibrant Clarendon neighborhood. The property features modern office space and easy access to premium retail and key transportation routes. About Comstock Founded in 1985, Comstock is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet at full build-out and including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation's best real estate markets. Comstock's developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit
Yahoo
28-07-2025
- Business
- Yahoo
Hartford (NYSE:HIG) Reports Sales Below Analyst Estimates In Q2 Earnings
Insurance and financial services company The Hartford (NYSE:HIG) missed Wall Street's revenue expectations in Q2 CY2025, but sales rose 7.7% year on year to $6.99 billion. Its non-GAAP profit of $3.41 per share was 20.4% above analysts' consensus estimates. Is now the time to buy Hartford? Find out in our full research report. Hartford (HIG) Q2 CY2025 Highlights: Net Premiums Earned: $5.96 billion vs analyst estimates of $4.37 billion (flat year on year, 36.4% beat) Revenue: $6.99 billion vs analyst estimates of $7.05 billion (7.7% year-on-year growth, 0.9% miss) Pre-Tax Profit Margin: 17.8% (3.8 percentage point year-on-year increase) Adjusted EPS: $3.41 vs analyst estimates of $2.83 (20.4% beat) Market Capitalization: $35.04 billion 'The Hartford's second quarter results were outstanding, with core earnings reaching nearly $1 billion,' said The Hartford's Chairman and CEO Christopher Swift. Company Overview Recognizable by its iconic stag logo that dates back to 1810, The Hartford (NYSE:HIG) provides property and casualty insurance, group benefits, and investment products to individuals and businesses across the United States. Revenue Growth Insurers earn revenue three ways. The core insurance business itself, often called underwriting and represented in the income statement as premiums earned, is one way. Investment income from investing the 'float' (premiums collected upfront not yet paid out as claims) in assets such as fixed-income assets and equities is the second way. Fees from various sources such as policy administration, annuities, or other value-added services is the third. Unfortunately, Hartford's 5.8% annualized revenue growth over the last five years was tepid. This fell short of our benchmark for the insurance sector and is a poor baseline for our analysis. Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Hartford's annualized revenue growth of 7.9% over the last two years is above its five-year trend, suggesting some bright spots. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, Hartford's revenue grew by 7.7% year on year to $6.99 billion, missing Wall Street's estimates. Net premiums earned made up 89.9% of the company's total revenue during the last five years, meaning Hartford barely relies on non-insurance activities to drive its overall growth. Our experience and research show the market cares primarily about an insurer's net premiums earned growth as investment and fee income are considered more susceptible to market volatility and economic cycles. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Book Value Per Share (BVPS) Insurance companies are balance sheet businesses, collecting premiums upfront and paying out claims over time. The float – premiums collected but not yet paid out – are invested, creating an asset base supported by a liability structure. Book value captures this dynamic by measuring: Assets (investment portfolio, cash, reinsurance recoverables) - liabilities (claim reserves, debt, future policy benefits) BVPS is essentially the residual value for shareholders. We therefore consider BVPS very important to track for insurers and a metric that sheds light on business quality. While other (and more commonly known) per-share metrics like EPS can sometimes be lumpy due to reserve releases or one-time items and can be managed or skewed while still following accounting rules, BVPS reflects long-term capital growth and is harder to manipulate. Hartford's BVPS grew at a tepid 5.1% annual clip over the last five years. However, BVPS growth has accelerated recently, growing by 15.5% annually over the last two years from $45.00 to $60.02 per share. Over the next 12 months, Consensus estimates call for Hartford's BVPS to grow by 26.9% to $67.52, elite growth rate. Key Takeaways from Hartford's Q2 Results We were impressed by how significantly Hartford blew past analysts' EPS expectations this quarter. We were also excited its net premiums earned outperformed Wall Street's estimates by a wide margin. On the other hand, its book value per share fell slightly short. Overall, this print was mixed but still had some key positives. The stock remained flat at $122.50 immediately after reporting. So do we think Hartford is an attractive buy at the current price? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
27-07-2025
- Business
- Yahoo
Hartford (HIG) Q2 Earnings Report Preview: What To Look For
Insurance and financial services company The Hartford (NYSE:HIG) will be announcing earnings results this Monday after market hours. Here's what you need to know. Hartford missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $6.81 billion, up 6.1% year on year. It was a slower quarter for the company, with a significant miss of analysts' book value per share estimates and EPS in line with analysts' estimates. Is Hartford a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Hartford's revenue to grow 8.7% year on year to $7.05 billion, improving from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.83 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hartford has missed Wall Street's revenue estimates five times over the last two years. Looking at Hartford's peers in the insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 20.1%, beating analysts' expectations by 9.2%, and RenaissanceRe reported revenues up 13.4%, topping estimates by 8.7%. Stewart Information Services traded up 10.3% following the results while RenaissanceRe's stock price was unchanged. Read our full analysis of Stewart Information Services's results here and RenaissanceRe's results here. The euphoria surrounding Trump's November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Hartford is down 1.1% during the same time and is heading into earnings with an average analyst price target of $136.19 (compared to the current share price of $123.35). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-07-2025
- Business
- Yahoo
Hartford (HIG) Q2 Earnings Report Preview: What To Look For
Insurance and financial services company The Hartford (NYSE:HIG) will be announcing earnings results this Monday after market hours. Here's what you need to know. Hartford missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $6.81 billion, up 6.1% year on year. It was a slower quarter for the company, with a significant miss of analysts' book value per share estimates and EPS in line with analysts' estimates. Is Hartford a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Hartford's revenue to grow 8.7% year on year to $7.05 billion, improving from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.83 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hartford has missed Wall Street's revenue estimates five times over the last two years. Looking at Hartford's peers in the insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 20.1%, beating analysts' expectations by 9.2%, and RenaissanceRe reported revenues up 13.4%, topping estimates by 8.7%. Stewart Information Services traded up 10.3% following the results while RenaissanceRe's stock price was unchanged. Read our full analysis of Stewart Information Services's results here and RenaissanceRe's results here. The euphoria surrounding Trump's November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Hartford is down 1.1% during the same time and is heading into earnings with an average analyst price target of $136.19 (compared to the current share price of $123.35). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
16-07-2025
- Business
- Business Wire
The Hartford Names Prateek Chhabra Chief Risk Officer
HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year following 29 years of service. Chhabra will report directly to The Hartford's Chairman and CEO Christopher Swift. The move is effective Sept. 1, 2025. 'Prateek is an accomplished risk manager with deep knowledge of the insurance industry and known for his ability to turn complex challenges into actionable insights,' said Swift. 'He has advanced our risk management capabilities, driven innovation and implemented strategic improvements across our enterprise making him ideally suited for the role of chief risk officer.' Since 2018, Chhabra has served as senior vice president and chief insurance risk officer for The Hartford. Prior to joining the company, he was chief risk officer for domestic businesses at The Hanover Insurance Group. Earlier in his career, he held multiple risk and strategy consulting roles focusing on the financial-services sector with market leaders, including McKinsey and Company, Aon and Verisk (AIR Worldwide at the time). Paiano has had an accomplished 40-year career in the financial-services industry, culminating with his role as chief risk officer for The Hartford since 2017. Prior to that he served as the company's treasurer. Effective Sept. 1, he will assume an advisory role to ensure a seamless transition. Swift added, 'I commend and honor Robert and the enduring impact of his leadership at The Hartford. He has been a trusted advisor and an exceptional developer of talent. His legacy is defined by a data-driven and thoughtful approach to managing risk, capital and liquidity – hallmarks of our culture. This change reflects the strength of our succession planning and the depth of leadership across the organization.' About The Hartford The Hartford is a leader in property and casualty insurance, employee benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford's legal notice. HIG-C Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2024 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued. From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the 'Email Alerts' section at
