California Wildfire Losses Trigger 16% Fall in The Hartford’s Q1 Web Earnings

Web earnings at The Hartford decreased 16% to $630 million within the first quarter 2025, pushed by losses from the California wildfires.

Property/casualty disaster losses for Q1 2025 have been $467 million pretax—$325 million, internet of reinsurance, from the California wildfires early this 12 months.

The mixed ratio for Q1 was up 4.1 factors in comparison with Q1 2024 to 96.9. The mixed ratios for industrial and private traces for This fall have been 94.4 and 106.1, respectively. Private traces outcomes have been primarily the results of 14.4 factors of upper disaster losses.

Property/casualty internet written premiums elevated 9% through the first three months of 2025. In enterprise insurance coverage, which makes up about 55% of Hartford’s e-book, Q1 premiums elevated 10% to about $3.7 billion. Enterprise insurance coverage renewal pricing, excluding staff’ compensation, was up almost 10% in Q1. The section’s underwriting revenue fell 38% to $187 million.

Private insurance coverage premiums through the interval went up 8% to $913 million. Renewals will increase have been 15.8% in for auto and 12.3% for householders. The section took a Q1 underwriting lack of $55 million in comparison with a lack of $13 million for Q1 2024.

Matters
Catastrophe
Natural Disasters
California
Profit Loss
Wildfire