Hartford Income Before Tax vs Operating Income Analysis

HIG Stock

USD 110.44 2.28 2.02%

Hartford Financial financial indicator trend analysis is much more than just examining Hartford Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hartford Financial is a good investment. Please check the relationship between Hartford Financial Income Before Tax and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hartford Financial Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hartford Financial's Income Before Tax and Operating Income is 0.67. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Hartford Financial Services, assuming nothing else is changed. The correlation between historical values of Hartford Financial's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Hartford Financial Services are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Hartford Financial's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Hartford Financial income statement and is an important metric when analyzing Hartford Financial profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Hartford Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hartford Financial Services is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Hartford Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hartford Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Hartford Financial's Discontinued Operations is most likely to increase significantly in the upcoming years. The Hartford Financial's current Enterprise Value is estimated to increase to about 27.3 B, while Selling General Administrative is projected to decrease to roughly 3.7 B.

	2021	2022	2023	2024 (projected)
Gross Profit	17.6B	17.5B	24.5B	18.5B
Total Revenue	22.4B	22.4B	24.5B	21.5B

Gross Profit Total Revenue

Hartford Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Total Current Assets	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Treasury Stock
Total Assets		-0.09	0.96	0.98	0.56	0.4	-0.44	0.82	-0.32	-0.03	0.98	-0.47	0.79	0.83	0.64	0.46	0.42	0.33	0.63	0.4	0.23	0.48	0.2	0.88	0.59	-0.37
Short Long Term Debt Total	-0.09		-0.04	-0.11	-0.02	0.06	0.32	-0.01	0.9	-0.46	-0.06	0.43	0.01	-0.06	-0.08	-0.06	0.06	0.01	-0.09	0.05	0.06	0.3	0.11	-0.05	0.12	-0.13
Other Current Liab	0.96	-0.04		0.98	0.55	0.52	-0.27	0.82	-0.25	-0.12	0.96	-0.39	0.68	0.91	0.79	0.48	0.56	0.43	0.68	0.54	0.04	0.46	0.28	0.79	0.6	-0.43
Total Current Liabilities	0.98	-0.11	0.98		0.57	0.46	-0.38	0.84	-0.31	-0.04	0.98	-0.41	0.75	0.84	0.69	0.46	0.45	0.34	0.69	0.42	0.18	0.46	0.23	0.84	0.59	-0.4
Total Stockholder Equity	0.56	-0.02	0.55	0.57		0.7	0.15	0.86	-0.12	-0.21	0.46	-0.2	0.65	0.51	0.37	-0.19	0.63	0.09	0.91	0.59	0.34	0.5	0.17	0.58	0.52	-0.49
Net Debt	0.4	0.06	0.52	0.46	0.7		0.42	0.7	-0.09	-0.51	0.34	-0.24	0.16	0.57	0.6	0.03	0.76	0.33	0.84	0.75	-0.09	0.53	0.35	0.19	0.45	-0.56
Retained Earnings	-0.44	0.32	-0.27	-0.38	0.15	0.42		-0.17	0.44	-0.26	-0.47	0.43	-0.46	-0.04	0.18	-0.42	0.49	0.21	0.08	0.5	-0.48	-0.16	0.23	-0.52	-0.12	-0.22
Common Stock Shares Outstanding	0.82	-0.01	0.82	0.84	0.86	0.7	-0.17		-0.22	-0.26	0.77	-0.35	0.74	0.74	0.56	0.25	0.61	0.27	0.92	0.57	0.26	0.64	0.29	0.78	0.72	-0.5
Non Current Liabilities Total	-0.32	0.9	-0.25	-0.31	-0.12	-0.09	0.44	-0.22		-0.28	-0.27	0.76	-0.16	-0.25	-0.18	-0.3	-0.08	-0.12	-0.23	-0.09	-0.01	0.03	-0.03	-0.26	-0.1	-0.12
Other Stockholder Equity	-0.03	-0.46	-0.12	-0.04	-0.21	-0.51	-0.26	-0.26	-0.28		-0.03	0.09	0.07	-0.15	-0.15	-0.02	-0.41	-0.01	-0.32	-0.41	0.07	-0.82	-0.3	0.05	-0.16	0.31
Total Liab	0.98	-0.06	0.96	0.98	0.46	0.34	-0.47	0.77	-0.27	-0.03		-0.4	0.76	0.82	0.64	0.51	0.37	0.34	0.56	0.35	0.18	0.46	0.19	0.86	0.56	-0.34
Short Term Debt	-0.47	0.43	-0.39	-0.41	-0.2	-0.24	0.43	-0.35	0.76	0.09	-0.4		-0.3	-0.33	-0.16	-0.35	-0.21	-0.14	-0.3	-0.21	-0.18	-0.38	-0.06	-0.39	-0.14	-0.05
Cash	0.79	0.01	0.68	0.75	0.65	0.16	-0.46	0.74	-0.16	0.07	0.76	-0.3		0.47	0.19	0.24	0.26	-0.1	0.53	0.23	0.54	0.44	-0.02	0.94	0.56	-0.13
Non Current Assets Total	0.83	-0.06	0.91	0.84	0.51	0.57	-0.04	0.74	-0.25	-0.15	0.82	-0.33	0.47		0.94	0.42	0.75	0.64	0.62	0.74	-0.3	0.34	0.38	0.63	0.58	-0.48
Non Currrent Assets Other	0.64	-0.08	0.79	0.69	0.37	0.6	0.18	0.56	-0.18	-0.15	0.64	-0.16	0.19	0.94		0.36	0.75	0.72	0.53	0.75	-0.53	0.17	0.43	0.36	0.47	-0.49
Other Assets	0.46	-0.06	0.48	0.46	-0.19	0.03	-0.42	0.25	-0.3	-0.02	0.51	-0.35	0.24	0.42	0.36		0.07	0.36	0.03	0.08	-0.16	0.17	0.42	0.4	0.64	0.16
Cash And Short Term Investments	0.42	0.06	0.56	0.45	0.63	0.76	0.49	0.61	-0.08	-0.41	0.37	-0.21	0.26	0.75	0.75	0.07		0.46	0.65	1.0	-0.43	0.36	0.34	0.31	0.43	-0.43
Net Receivables	0.33	0.01	0.43	0.34	0.09	0.33	0.21	0.27	-0.12	-0.01	0.34	-0.14	-0.1	0.64	0.72	0.36	0.46		0.23	0.48	-0.6	-0.01	0.57	0.19	0.35	-0.46
Common Stock Total Equity	0.63	-0.09	0.68	0.69	0.91	0.84	0.08	0.92	-0.23	-0.32	0.56	-0.3	0.53	0.62	0.53	0.03	0.65	0.23		0.61	0.22	0.59	0.35	0.54	0.57	-0.6
Short Term Investments	0.4	0.05	0.54	0.42	0.59	0.75	0.5	0.57	-0.09	-0.41	0.35	-0.21	0.23	0.74	0.75	0.08	1.0	0.48	0.61		-0.47	0.34	0.34	0.28	0.41	-0.42
Total Current Assets	0.23	0.06	0.04	0.18	0.34	-0.09	-0.48	0.26	-0.01	0.07	0.18	-0.18	0.54	-0.3	-0.53	-0.16	-0.43	-0.6	0.22	-0.47		0.35	-0.27	0.36	0.06	0.1
Common Stock	0.48	0.3	0.46	0.46	0.5	0.53	-0.16	0.64	0.03	-0.82	0.46	-0.38	0.44	0.34	0.17	0.17	0.36	-0.01	0.59	0.34	0.35		0.26	0.46	0.39	-0.37
Other Liab	0.2	0.11	0.28	0.23	0.17	0.35	0.23	0.29	-0.03	-0.3	0.19	-0.06	-0.02	0.38	0.43	0.42	0.34	0.57	0.35	0.34	-0.27	0.26		0.14	0.55	-0.52
Accounts Payable	0.88	-0.05	0.79	0.84	0.58	0.19	-0.52	0.78	-0.26	0.05	0.86	-0.39	0.94	0.63	0.36	0.4	0.31	0.19	0.54	0.28	0.36	0.46	0.14		0.63	-0.27
Long Term Debt	0.59	0.12	0.6	0.59	0.52	0.45	-0.12	0.72	-0.1	-0.16	0.56	-0.14	0.56	0.58	0.47	0.64	0.43	0.35	0.57	0.41	0.06	0.39	0.55	0.63		-0.21
Treasury Stock	-0.37	-0.13	-0.43	-0.4	-0.49	-0.56	-0.22	-0.5	-0.12	0.31	-0.34	-0.05	-0.13	-0.48	-0.49	0.16	-0.43	-0.46	-0.6	-0.42	0.1	-0.37	-0.52	-0.27	-0.21

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Hartford Financial Account Relationship Matchups

Hartford Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	70.8B	74.1B	76.6B	73.0B	70.1B	66.6B
Short Long Term Debt Total	4.8B	4.4B	4.9B	38.6B	4.4B	6.0B
Other Current Liab	(500M)	6.8B	7.2B	34.3B	35.2B	33.5B
Total Current Liabilities	500M	701M	687M	2.1B	35.2B	33.5B
Total Stockholder Equity	16.3B	18.6B	17.8B	13.6B	15.3B	15.1B
Net Debt	4.7B	4.2B	4.7B	4.1B	4.2B	3.6B
Retained Earnings	12.7B	13.9B	15.8B	17.0B	19.0B	10.7B
Common Stock Shares Outstanding	364.9M	360.6M	354.1M	329.5M	311.5M	369.5M
Liabilities And Stockholders Equity	70.8B	74.1B	76.6B	73.0B	70.1B	66.6B
Non Current Liabilities Total	4.3B	4.4B	4.9B	57.3B	19.6B	20.5B
Other Stockholder Equity	(12.7B)	(13.9B)	1.6B	(17.0B)	(1.2B)	(1.2B)
Total Liab	54.5B	4.4B	4.9B	59.4B	54.8B	52.0B
Short Term Debt	413M	500M	0.0	34.3B	39.4B	41.4B
Cash	185M	151M	205M	229M	126M	119.7M
Non Current Assets Total	52.7B	55.8B	55.8B	50.0B	58.5B	86.2B
Non Currrent Assets Other	(299M)	(46M)	(270M)	(1.4B)	48.5B	50.9B
Other Assets	(37.0B)	(40.5B)	(36.9B)	(29.2B)	(26.3B)	(25.0B)
Cash And Short Term Investments	45.3B	48.5B	46.7B	40.3B	43.8B	28.3B
Net Receivables	9.9B	10.3B	11.0B	11.9B	12.7B	11.7B
Short Term Investments	45.1B	48.3B	46.5B	40.1B	43.7B	28.0B
Total Current Assets	55.2B	58.7B	57.7B	52.2B	11.6B	11.0B
Accumulated Other Comprehensive Income	52M	1.2B	172M	(3.9B)	(2.8B)	(2.7B)
Common Stock	14.3B	15.9B	17.1B	17.2B	3M	2.9M
Other Liab	42.8B	44.4B	46.6B	47.0B	54.1B	38.5B
Accounts Payable	755M	701M	687M	658M	592.2M	562.6M
Long Term Debt	4.3B	4.4B	4.9B	4.4B	4.4B	5.6B
Treasury Stock	(1.1B)	(1.1B)	(1.2B)	(1.8B)	(1.6B)	(1.7B)
Intangible Assets	1.1B	950M	858M	778M	707M	972.5M
Property Plant And Equipment Net	1.2B	1.1B	1.0B	927M	896M	980.8M
Current Deferred Revenue	(816M)	(767M)	(255M)	1.4B	1.7B	1.7B
Other Current Assets	9.1B	9.2B	9.9B	10.6B	11.6B	11.0B
Property Plant And Equipment Gross	1.0B	1.0B	1.2B	1.1B	1.3B	1.1B
Property Plant Equipment	1.2B	1.1B	1.0B	927M	1.1B	1.1B
Retained Earnings Total Equity	12.7B	13.9B	15.8B	17.0B	19.6B	11.8B
Net Tangible Assets	13.0B	15.4B	14.7B	10.6B	9.5B	12.4B
Long Term Debt Total	4.3B	4.4B	4.9B	4.4B	3.9B	4.5B

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When determining whether Hartford Financial is a strong investment it is important to analyze Hartford Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hartford Financial's future performance. For an informed investment choice regarding Hartford Stock, refer to the following important reports:

How To Invest In Hartford

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Is Hartford Stock a good investment?

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What is Hartford Financial's Net Worth?

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Largest Multi-line Insurance Companies

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Largest Insurance - Property & Casualty Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Is Multi-line Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hartford Financial. If investors know Hartford will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hartford Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.225

Dividend Share

1.88

Earnings Share

10.01

Revenue Per Share

87.921

Quarterly Revenue Growth

0.095

The market value of Hartford Financial is measured differently than its book value, which is the value of Hartford that is recorded on the company's balance sheet. Investors also form their own opinion of Hartford Financial's value that differs from its market value or its book value, called intrinsic value, which is Hartford Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hartford Financial's market value can be influenced by many factors that don't directly affect Hartford Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hartford Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Hartford Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Hartford Financial fundamental ratios Correlations

Hartford Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hartford Financial fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Investments	+ 1.0	Cash And Short Term Investments
Total Current Liabilities	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Current Liabilities	+ 0.98	Other Current Liab
Total Liab	+ 0.98	Total Current Liabilities
Other Current Liab	+ 0.96	Total Assets

Common Stock	- 0.82	Other Stockholder Equity
Treasury Stock	- 0.6	Common Stock Total Equity
Total Current Assets	- 0.6	Net Receivables
Treasury Stock	- 0.56	Net Debt
Total Current Assets	- 0.53	Non Currrent Assets Other
Treasury Stock	- 0.52	Other Liab