The auto underlying combined ratio of 93.3 increased 7.0 points from first quarter 2021, primarily due to higher auto frequency and severity and a higher expense ratio, partially offset by an increase in earned pricing. Total invested assets of $56.0 billion decreased 3% from Dec. 31, 2021, primarily due to a decrease in valuations of fixed maturities driven by higher interest rates and wider credit spreads. Manage my personal policy, bills and claims. Any forward-looking statement made by the Company in this document speaks only as of the date of this release. To apply for intermittent leave, please call The Hartford at. My Benefits Hartford Has It Hospital Indemnity You or a covered dependent were hospitalized. Annualized investment yield is the most directly comparable GAAP measure. Net income (loss) available to common stockholders ROE. Disability & Leave Claims call 888-277-4767 Life & Accident (AD&D) Claims call 888-563-1124 Please see our Leaves of Absence policy on PolicyStat for a full list of leaves available and corresponding eligibility requirements. Net investment income is the most directly comparable GAAP measure. An increase in insurance operating costs and other expenses, primarily driven by higher technology costs, higher claim costs to handle elevated claim levels resulting from the pandemic and a decrease in the allowance for credit losses on premiums receivable in the 2021 period, partially offset by incremental savings from the Hartford Next program and a reduction in AARP direct marketing costs. XMe|U"hl,L 4:NG $csZKuiSx8!d>gNQS j}`w%gxRHA*fWP&T+poWZXIs^6=f5;w>CS 0C ]H<0OW)ZQtTj'L? THE CRITICAL ILLNESS POLICY PROVIDES LIMITED BENEFITS FOR SPECIFIED DISEASES ONLY. %PDF-1.7 % The Hartford Member Portal This is a one-time use code and there is no reason to save it. endstream endobj 316 0 obj <>stream A reconciliation of net income (loss) available to common stockholders per diluted common share to core earnings per diluted share for the quarterly periods ended March 31, 2022 and 2021 is provided in the table below. HARTFORD, Conn.--(BUSINESS WIRE)-- Virginia Paid Family Leave | VA PFL | The Hartford The Hartford Let's Talk Instead. Underlying combined ratio was 88.3, improving 2.9 points from first quarter 2021 due to COVID-19 losses incurred in first quarter 2021, a lower underwriting expense ratio and lower loss ratios before COVID-19. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. Deferred gain resulting from retroactive reinsurance and subsequent changes in the deferred gain - Retroactive reinsurance agreements economically transfer risk to the reinsurers and including the full benefit from retroactive reinsurance in core earnings provides greater insight into the economics of the business. Manage my personal policy, bills and claims. h2T0Pw/+Q0L)620)XTb;; ;* ^ Resend. Enter the following information in order to retrieve your username and password. The Hartford uses non-GAAP financial measures in this press release to assist investors in analyzing the company's operating performance for the periods presented herein. Choose how you want to receive or enter your security code. Media Contacts: Workers' Comp Claims | File A Claim - The Hartford Yes, we do that! Group Benefits fully insured ongoing premiums were up 5%, compared with first quarter 2021, driven by an increase in exposure on existing accounts and strong persistency. If you have not received the code or still have trouble signing in, please call member services. If someone was injured, or if the claim is for a different kind of vehicle, call 800-243-5860 to file your claim. A $94 million, before tax, decrease in CAY CAT losses, net of reinsurance, with first quarter 2022 losses including $27 million from the Ukraine conflict with the remainder from tornado, wind and hail events in the Southeast and winter storms along the East Coast. employer's . - This non-GAAP measure of underwriting profitability represents underwriting gain (loss) before current accident year catastrophes, PYD and current accident year change in loss reserves upon acquisition of a business. This non-GAAP financial measure of underwriting results represents the combined ratio before catastrophes, prior accident year development and current accident year change in loss reserves upon acquisition of a business. In this high impact role, the Financial Consultant will be a key member of the Claims Finance team, which oversees over $1 billion in expenses. PDF Commonly Asked Questions When Filing an Accident, Hospital - BCSD Policies underwritten by the issuing companies listed above detail exclusions, limitations, reduction of benefits and terms under which the policies may be continued in force or discontinued. We sent a one-time security code to to your configured number. The increase was primarily due to: Net investment income was flat in first quarter 2022 compared with the prior year period as greater income from limited partnerships and other alternative investments (LPs) and the effect of a higher level of invested assets was offset by a lower yield on fixed maturities resulting from reinvesting at lower rates during the 2021 calendar year. More detailed financial information can be found in The Hartford's Investor Financial Supplement for March 31, 2022, and the first quarter 2022 Financial Results Presentation, both of which are available at https://ir.thehartford.com. Contact your Benefits Administrator for your Policy Number. March 31, 2022, book value per diluted share of $46.36 decreased 10% from $51.36 at Dec. 31, 2021, principally due to a change from net unrealized gains to net unrealized losses on investments within AOCI as a result of an increase in interest rates and wider credit spreads. * Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures [?%E'M`M6i!cJrw.86 Total group life loss ratio improved 9.9 points, to 98.4%, primarily due to lower excess mortality, primarily caused by direct and indirect impacts of COVID-19. We sent a one-time security code to to your configured email address. Enter your policy numbers only, do not include any letters. A reconciliation of net income to underwriting results for the quarterly periods ended March 31, 2022 and 2021, is set forth below. Core earnings per diluted share Notify your leader to coordinate your return to work. B((e9$-q:Rx!"N Core earnings margin is calculated by dividing core earnings by revenues, excluding buyouts and realized gains (losses). You need to file a claim and you want to do it quickly and easily. The Hartford will let you know if the request has been approved or denied within five business days after receiving all necessary documentation. Therefore, the Company believes that it is useful for investors to evaluate net income (loss) available to common stockholders per diluted common share and core earnings per diluted share when reviewing the Company's performance. Option Details. Michelle Loxton h222S0PwqH)BDKP5/9?%3/pqsO ( MAQ.I Underlying loss and loss adjustment expense ratio before COVID-19 losses- Text {#maskedTwoFactorSMS} A decrease in underlying underwriting gain, largely driven by higher auto claim frequency and severity and a decrease in earnings associated with a 2% decline in earned premium. Employee Benefit Insurance Plans & Coverages | The Hartford Our employee benefits programs help support the lives and incomes of more than 12 million working Americans. Please note that we have hidden We sent a one-time security code to {#maskedTwoFactorSMS}. The $27 million before tax of catastrophe losses in first quarter 2022 related to the Ukraine conflict, largely recorded within Global Specialty, consisted of exposures under political violence and terrorism policies including aviation war, and under credit and political risk insurance policy exposures. A Group Retiree option that syncs with Medicare? exam, lab or test results/reports; physician notes; Explanation of Benefits (EOBs) from your health insurance provider; itemized medical or hospital bills; or medical records. Commercial underwriting results were outstanding with expanding margin contributions from each business. Forward-looking statements are based on management's current expectations and assumptions regarding future economic, competitive, legislative and other developments and their potential effect upon The Hartford Financial Services Group, Inc. and its subsidiaries (collectively, the "Company" or "The Hartford"). Definitions and calculations of other financial measures used in this press release can be found below and in The Hartford's Investor Financial Supplement for first quarter 2022, which is available on The Hartford's website, https://ir.thehartford.com. Core earnings ROE for the twelve month period ending March 31, 2022 was 14.8%, an increase of 3.9 points from first quarter 2021 due to higher trailing 12-month core earnings, partially offset by higher average common stockholder's equity ex AOCI. We sent a one-time security code to to your configured number. While market values of the funds increased over the previous twelve months, there was a net decrease in market value of $8.2 billion in the three months ended March 31, 2022. Thats why weve spent the last 60 years protecting them. Benefits. 12/2012. To find an Express Scripts pharmacy, call 888-289-1407 or review, can log in to see account and claim details. The decrease in the expense ratio was driven by the impact of higher earned premium and incremental savings from the Hartford Next program, partially offset by higher technology costs and a decrease in the allowance for credit losses on premiums receivable in the 2021 period.

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