Hartford Takes $118M Re Charge
NU Online News Service, Aug. 5, 2:00 p.m. EDT?In spite of recording a $118 million charge related to a reassessment of reinsurance recoveries, The Hartford Financial Services Group reported a 19 percent jump in second-quarter operating profit last night.[@@]
Second-quarter operating income, which is income excluding the impact of gains from investment sales, rose to $403 million, or $1.35 per share, from $340 million, or $1.26 per share last year.
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