What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Hartford Insurance Group (HIG) spend its free cash flow?

For TTM through Q1 2026, Hartford Insurance Group generated $5.98B of operating cash flow and $5.82B of free cash flow — a free cash flow margin of 97.3% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Hartford Insurance Group (HIG) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Hartford Insurance Group's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Hartford Insurance Group (HIG) Cash Flow Waterfall

Operating CF

$5.98B

Capex

-$162M

Free Cash Flow

$5.82B

FCF Margin

+97.3%

Cash flow waterfall for Hartford Insurance Group (HIG) — TTM through Q1 2026

Free cash flow: $5.82B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Hartford Insurance Group (HIG) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$5.98B	$5.98B
Capital Expenditure	-$162M	$5.82B
Free Cash Flow	$5.82B	$5.82B
Acquisitions	-$760M	$5.06B
Other Investing	-$2.77B	$2.29B
Dividends Paid	-$630M	$1.66B
Other Financing & FX	-$1.66B	$4M
Net Cash Increase	$4M	$4M

Operating Cash Flow$5.98B
Capital Expenditure-$162M
Free Cash Flow$5.82B
Acquisitions-$760M
Other Investing-$2.77B
Dividends Paid-$630M
Other Financing & FX-$1.66B
Net Cash Increase$4M

Want to see what drove the FCF change?Free Cash Flow Bridge

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