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Hartford Financial posts profit as disaster claims fall
February 3, 2014 / 9:30 PM / 4 years ago

Hartford Financial posts profit as disaster claims fall

Feb 3 (Reuters) - Insurer Hartford Financial Services Group posted a profit in the fourth quarter, compared with a year-earlier loss, helped by lower disaster losses.

The company’s net income was $314 million, or 65 cents per share, for the quarter ended Dec. 31, compared with a loss of $46 million, or 13 cents per share, a year earlier.

The year-earlier quarter was impacted by losses from superstorm Sandy, which hit New York and New Jersey in October 2012.

Hartford Financial earned 94 cents per share on an operating basis.

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