Reuters logo
Hartford Financial profit rises on higher margins
October 28, 2013 / 9:03 PM / in 4 years

Hartford Financial profit rises on higher margins

Oct 28 (Reuters) - Insurer Hartford Financial Services Group’s third-quarter profit rose as margins improved in its core property and casualty commercial business.

Hartford’s shares were up 2.5 percent in extended trading.

Net income rose to $293 million, or 60 cents per share, from $13 million, or 1 cent per share, a year earlier.

Third quarter 2012 net income was impacted by a net loss of $388 million, after-tax, related to the company’s sale of its Individual Life business, the company said.

Earned premium from its property and casualty business fell less than 1 percent to $2.49 billion.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below