---
title: "Hartford: Business Model"
description: "Hartford revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/hartford/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Hartford: Business Model & Revenue Engine

## Direct Answer

Hartford reports revenue across 5 business segments in its fiscal 2025 Form 10-K. PC Business Insurance is the largest, with $15.8 billion of revenue (56% of the total), followed by Employee Benefits at $7.1 billion (25%).

## How Does Hartford Make Money?

No single line supplies a majority of revenue: the largest, PC Business Insurance, is 56%, which spreads Hartford's exposure across several demand drivers. Between fiscal 2024 and 2025, PC Business Insurance grew fastest (+9.7%) and Employee Benefits slowest (+1.0%), so the revenue mix tilts toward PC Business Insurance while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| PC Business Insurance | $15.8 billion | $14.4 billion | 55.7% | 9.7% |
| Employee Benefits | $7.1 billion | $7.1 billion | 25.2% | 1.0% |
| PC Personal Insurance | $4.1 billion | $3.8 billion | 14.4% | 8.2% |
| Hartford Funds | $1.1 billion | $1.1 billion | 3.9% | 4.3% |
| Property Casualty Other Operations | $73 million | $70 million | 0.3% | 4.3% |

![Bar chart of Hartford revenue by segment for fiscal 2025: PC Business Insurance 55.7%, Employee Benefits 25.2%, PC Personal Insurance 14.4%, Hartford Funds 3.9%, Property Casualty Other Operations 0.3%.](https://www.getswoopr.com/images/charts/hartford-business-model-segment-mix.webp)
*Hartford revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 99% of Hartford's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Hartford reported in the segment note and revenue disclosures of its Form 10-K filed February 20, 2026 (accession 0000874766-26-000012), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Hartford's business segments?

In its fiscal 2025 Form 10-K, Hartford reports revenue for PC Business Insurance, Employee Benefits, PC Personal Insurance, Hartford Funds and Property Casualty Other Operations.

### Which part of Hartford brings in the most revenue?

PC Business Insurance, with $15.8 billion of revenue in fiscal 2025, or 56% of the total.

### Where does Hartford report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 20, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: HARTFORD INSURANCE GROUP, INC. Form 10-K filed February 20, 2026](https://www.sec.gov/Archives/edgar/data/874766/000087476626000012/hig-20251231.htm)
- [SEC EDGAR: HARTFORD INSURANCE GROUP, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=874766&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Hartford company dossier](https://www.getswoopr.com/stocks/companies/hartford/)
- [Hartford financial metrics](https://www.getswoopr.com/stocks/companies/hartford/metrics/)
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- [Hartford peer comparison](https://www.getswoopr.com/stocks/companies/hartford/competitors/)
- [Hartford business model and revenue mix](https://www.getswoopr.com/stocks/companies/hartford/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

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