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NU Online News Service, Nov. 3, 11:34 p.m. EDT

The Hartford Financial Services Group Inc. swung to a 2010 third-quarter profit of $666 million compared to a net loss of $220 million a year ago due to the company’s progress on implementing a new strategy introduced earlier this year, said its chief executive.

Liam E. McGee, The Hartford’s chairman, president and chief executive officer, said during a conference call that the insurer is making good progress on its plan to improve efficiency. The Hartford is focused on rate adequacy and “letting business go when we need to,” he added.

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