The Hartford Insurance Group (HIG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined sharply compared to both the prior quarter and the same quarter one year earlier. The decrease reflects a significant reversal from the preceding period's strong performance.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined sharply compared to both the prior quarter and the same quarter one year earlier. The decrease reflects a significant reversal from the preceding period's strong performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$338M
Revenue reported for this quarter.
Quarter-over-quarter
-94.4%
Change from the immediately preceding quarter.
Year-over-year
-93.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | -$4.7B | -1275.0% |
| Sep 30, 2022 | $348M | -12.8% |
| Dec 31, 2022 | $6B | +1407.8% |
| Mar 31, 2023 | $338M | -93.7% |
Revenue performance
Revenue fell significantly from the immediately preceding quarter, marking a substantial drop from the elevated level seen in the prior period.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also posted a steep decline, consistent with the large year-over-year decrease.
What to watch
The wide quarterly revenue swings warrant attention as the company continues to report volatile results.