Reported about 17 hours ago
The Hartford reported a 35% increase in second-quarter profit, attributing the growth to strong insurance demand and rising investment income. As individuals and businesses prioritize insurance to mitigate risks amidst economic uncertainties, the company's property and casualty premiums rose by 8%. Additionally, net investment income reached $664 million, marking a $62 million increase from the previous year, while net income available to common stockholders was reported at $990 million, or $3.44 per share.
Source: YAHOO