NU Online News Service, May 03, 8:12 a.m.EDT

First quarter net income at The Hartford was down about 81percent to $96 million, as net losses from runoff operationstotaled $378 million.

In March, The Hartford announced it would exit the life business to focus on its stronger property andcasualty operations. The company says it placed itsindividual-annuity business into runoff.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.