The Hartford Financial Services Group reported a 9 percent rise in net income for the third quarter, beating analysts' expectations.

The Hartford, Conn.-based company reported $539 million in net income in the latest quarter, up from $494 million in the third quarter of 2004.

For the nine months ending Sept. 30, the company reported $1.8 billion in net income, up from $1.5 billion for the same period in 2004.

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