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DCF valuation

What is Hartford Insurance Group, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Hartford Insurance Group, Inc.'s reported free cash flow gives $386.44 per share. The share price was $124.23 on September 25, 2026, 68% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$5.75B
Average free cash flow, last 5 years
$4.66B
Cash
$203M
balance sheet of June 30, 2026
Debt
$4.37B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
286,500,000
Revenue growth per year, last 5 years
6.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%$236.09+90%
Base6.5%4.5%2.5%9.0%$386.44+211%
Bull11.5%7.5%3.0%8.0%$686.21+452%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$497.49$531.40$572.84$624.64$691.24
8.0%$414.62$436.61$462.59$493.77$531.89
9.0%$354.06$369.09$386.44$406.67$430.59
10.0%$307.92$318.61$330.73$344.58$360.55
11.0%$271.64$279.48$288.24$298.10$309.27

Where the presets come from

Base: years 1 to 5 grow at Hartford Insurance Group, Inc.'s revenue growth rate over the last 5 fiscal years (6.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Hartford Insurance Group, Inc. company page