The Hartford Financial Services Group Inc. reported a 24 percent loss in net income for the 2007 fourth quarter, primarily due to loss of investment income, management said.
Executives said they plan to increase the insurer's property-casualty agents by 1,000 and the number of agents they have selling personal lines products has risen 75 percent in two years to 7,000.
Net income dropped by $188 million to $595 million, or $1.88 a share, from $783 million, or $2.42 a share, in 2006, the Hartford, Conn.-based insurer reported.
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