Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. Middle & Large Commercial underlying combined ratio of 91.5 improved by 3.8 points from first quarter 2021 primarily due to lower non-CAT property losses, COVID-19 losses incurred in first quarter 2021, and a lower expense ratio. The three months ended March 31, 2022 included $12 million before tax of credit losses on fixed maturities, available for sale, with $9 million driven by four issuers with Russian exposure. Team members taking an approved intermittent leave for their own health condition or during pregnancy will draw from their ESL for each intermittent leave day taken. Enter your policy numbers only, do not include any letters. Employees are the most important part of a business. Request security code For additional security, we need to verify your identity before you can sign in to the account. Our Future of Benefits study provides insights into employee benefit trends and the evolving needs of the U.S. workforce. Matthew Sturdevant Get introduced to our basic, supplemental and voluntary programs. The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. We'll send you an Identification Code so we can verify your identity. Change in loss reserves upon acquisition of a business - These changes in loss reserves are excluded from core earnings because such changes could obscure the ability to compare results in periods after the acquisition to results of periods prior to the acquisition. Manage my personal policy, bills and claims. Hackensack Meridian Health team members are eligible for several types of leave. 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. Submit claims, check status of disability or leave, and see payments. Yes, we do that! If you forgot your password then you can reset it now by answering the security Net income ROE is the most directly comparable U.S. GAAP measure. Eligibility for benefits during the leave, length of leave, and other conditions depend upon the circumstances of the leave and other qualifying factors. I am confident that the company has never been in a better position to grow, deliver on our goals and maximize value creation for our stakeholders., Net income available to common stockholders, Net income available to common stockholders per diluted share1, Net income available to common stockholders' return on equity (ROE)3, last 12-months, [1] Includes dilutive potential common shares; for net income available to common stockholders per diluted share, the numerator is net income less preferred dividends, [2] 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, [3] Return on equity (ROE) is calculated based on last 12-months net income available to common stockholders and core earnings, respectively; for net income ROE, the denominator is common stockholders equity including AOCI; for core earnings ROE, the denominator is common stockholders equity excluding AOCI, The Hartford defines increases or decreases greater than or equal to 200%, or changes from a net gain to a net loss position, or vice versa, as "NM" or not meaningful. THE CRITICAL ILLNESS POLICY PROVIDES LIMITED BENEFITS FOR SPECIFIED DISEASES ONLY. %XLNT$) HTR. %PDF-1.7 % Apart from excess mortality claims, the group life loss ratio increased primarily due to a higher loss ratio under group accidental death business. Earned premiums 2,235 734 1,374 4,343 Fee income 9 8 44 282 12 355 Net investment income 327 35 16 127 1 3 509 Other revenue 1 19 (8 ) 12 Net realized gains (losses) 44 7 2 19 2 6 80 Total revenues. The Company believes that core earnings per diluted share provides investors with a valuable measure of the Company's operating performance for the same reasons applicable to its underlying measure, core earnings. endstream endobj 316 0 obj <>stream - This non-GAAP financial measure of the combined ratio for Commercial Lines represents the combined ratio before catastrophes, prior accident year development and COVID-19 incurred losses. STEP 2 Prepare to file your claim.1 You'll need the following . Net investment income is the most directly comparable GAAP measure. Virginia's insurance code now includes voluntary Paid Family Leave as a new form of insurance. Net income ROE for the trailing 12 months of 15.4% and core earnings ROE* for the same period of 14.8%. Commercial Lines core earnings of $456 million in first quarter 2022 increased by $351 million from first quarter 2021, primarily from: Combined ratio was 90.3 in first quarter 2022, 19.4 points lower than 109.7 in first quarter 2021, primarily due to an 11.9 point change to net favorable PYD, 4.5 points of lower CAY CAT losses, and a 2.9 point improvement in the underlying combined ratio. When should I file a claim? When you receive your 8-digit Identification Small Commercial underlying combined ratio of 85.9 improved by 2.4 points from first quarter 2021 driven primarily by COVID-19 losses incurred in first quarter 2021 and a lower expense ratio. 3. Notify your leader of your intent to take a leave. Ron C. Lodi, CA. Once you have completed the necessary steps, the LOA Accommodations team will then update your status via MyWay-PeopleSoft and confirm your return to work date with your leader. First quarter 2022 consolidated net investment income of $509 million was flat to first quarter 2021 as greater income from limited partnerships and other alternative investments 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 in 2021. All benefits are subject to the terms and conditions of the policy. Manage my business policy, bills and claims, get certificates and submit audits. Net income (loss) available to common stockholders per diluted common share is the most directly comparable GAAP measures. 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. We solemnly swear not to clog your inbox. First quarter 2022 net income available to common stockholders was $440 million, or $1.30 per diluted share, up 80% from first quarter 2021, primarily due to a $435 million, before tax, change from an underwriting loss* to an underwriting gain in first quarter 2022 and a decrease in excess mortality in group life, partially offset by a $225 million, before tax, change to net realized losses in first quarter 2022. Partially offset by lower CAY CAT losses with catastrophes of $17 million before tax in first quarter 2022 driven by tornado, wind and hail events in the Southeast and winter storms along the East Coast. GROUP BENEFITS HEALTH SCREENING CLAIMS - ACCIDENT, CRITICAL ILLNESS & HOSPITAL INDEMNITY THE HARTFORD MAKES IT EASY TO FILE A CLAIM. To find an Express Scripts pharmacy, call 888-289-1407 or review, can log in to see account and claim details. Total disability loss ratio of 73.2% increased 4.8 points compared with first quarter 2021, primarily due to less favorable prior incurral year development on long-term disability as the 2021 period benefitted from low incidence levels from earlier in the pandemic. Actual results could differ materially from expectations depending on the evolution of various factors, including the risks and uncertainties identified below, as well as factors described in such forward-looking statements; or in The Hartfords 2021 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Fully insured ongoing premiums were up 5%, compared with first quarter 2021, driven by an increase in exposure on existing accounts and strong persistency. 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. 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. SMS Email Use my authenticator app NextCancel Enter security code For additional security, we need to verify your identity before you can sign in to the account. Group Benefits Claims, Team Leader The Hartford Jun 2020 - Present 2 years 10 months. Note: There's no charge from us to receive messages by text, but standard text messaging michelle.loxton@thehartford.com The information you've entered is invalid, please try again. Disability & Leave Claims call 888-277-4767 Life & Accident (AD&D) Claims call 888-563-1124 Its so much more than productivity. See how were changing the game. Make One-Time Payment What can you do in your account? Net income available to common stockholders' ROE (net income ROE) was 15.4% for the twelve month period ending March 31, 2022. Our employee benefits programs help support the lives and incomes of more than 12 million working Americans. Provide proper documentation to The Hartford within 15 business days of the leave request. Core earnings per diluted share should not be considered as a substitute for net income (loss) available to common stockholders per diluted common share and does not reflect the overall profitability of the Company's business. On April 2, 2022, Virginia's governor signed legislation allowing private Family Leave Insurance in Virginia. A reduced schedule leave reduces an eligible team members usual number of working hours per workweek, or hours per workday. Choose how you want to receive or enter your security code. 4)If you are enrolled for any other group coverage through The Hartford for which benefits may be available as a result of the covered event, please submit the appropriate claim(s). We'll send you an Identification Code so we can so we can verify your identity. Book value per diluted share (excluding AOCI) Critical Illness/Specified Disease You or a covered dependent have been diagnosed with a serious illness. You Can. Risks relating to the continued COVID-19 pandemic, including impacts to the Company's insurance and product-related, regulatory/legal, recessionary and other global economic, capital and liquidity and operational risks. 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. First quarter 2022 core loss of $48 million decreased $12 million compared with first quarter 2021 core loss of $60 million primarily due to a loss of $8 million before tax in the 2021 period from the companys previously owned equity interest in Talcott Resolution and a higher tax benefit in the 2022 period for stock-based compensation, partially offset by an increase in interest expense. Manage your benefits account with The Hartford. Once you receive it, please enter it below. Please call us for guidance with your claim submission - we're happy to help you understand Core earnings per diluted share Consolidating Income Statements" and in The Hartford's Investor Financial Supplement for the quarter ended March 31, 2022. The Hartford Insurance Claims Workers' Comp Claims We're Here to Support You It's quick and easy to start your claim online. The Company provides to investors return on equity measures based on its non-GAAP core earnings financial measure for the reasons set forth in the core earnings definition. A reconciliation of consolidated net income (loss) ROE to Consolidated Core earnings ROE is set forth below. Log In The Hartford's Future of Benefits Study 3. Business insurance costs vary in Lakeland, FL because each business is unique and has different needs. An increase in the group disability loss ratio primarily reflecting less favorable prior incurral year development on long-term disability and an increase in the group life loss ratio before considering excess mortality claims due to a higher loss ratio under group accidental death claims business. We'll send an identification code to your email. The Company believes that core earnings margin provides investors with a valuable measure of the performance of Group Benefits because it reveals trends in the business that may be obscured by the effect of buyouts and realized gains (losses) as well as other items excluded in the calculation of core earnings.