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DJ Hartford Financial Services Posts Higher 4Q Profit

· 02/04/2021 16:37

By Kimberly Chin

Hartford Financial Services Group Inc. posted higher profit in the fourth quarter due in part to underwriting gains and higher net investment income.

The company's earnings were $537 million, up from $302 million a year ago. Earnings were $1.47 a share, slipping from $1.49 a share. Adjusted earnings were $1.76 a share. Analysts polled by FactSet expected adjusted earnings of $1.33 a share.

Revenue rose to $2.66 billion from $2.63 million a year ago.

Earned premiums were $2.24 billion, compared with $2.28 billion in the year-earlier period.

The company recorded $28 million in losses related to Covid-19 in the quarter, including workers' compensation, compensation claims and other items, it said.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

February 04, 2021 16:37 ET (21:37 GMT)

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