DJ Hartford Financial Services Posts Higher 4Q Profit
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.
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(END) Dow Jones Newswires
February 04, 2021 16:37 ET (21:37 GMT)
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