Hartford Reports $568 M Q1 Profit
NU Online News Service, May 5, 4:00 p.m. EDT?The Hartford Financial Services Group Inc. reported net income of $568 million for its first quarter, a positive turnaround from one year ago when the company suffered a loss of $1.4 billion to boost its reserves for asbestos claims.[@@]
The Hartford, Conn.-based insurance giant also reported that its quarterly property-casualty operating income reached a record level, at $297 million, up 42 percent from $209 million during the 2003 first quarter before the asbestos reserve addition.
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