NU Online News Service, Aug. 5, 3:35 p.m. EDT
The Hartford reported second quarter net income of $76 million compared to a net loss of $15 million for the same period last year, despite worse than expected catastrophe losses, an increase in asbestos reserves and goodwill impairments.
For the first six months of the year, net income rose from a net loss of $1.22 billion to net income of $395 million.
Net investment income rose 25 percent, or $59 million, to $298 million in the quarter and 33 percent, or $142 million, to $566 million for the six months.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
