Hartford Financial News

Hartford’s Q3 Net Income Rebounds, Rising 21% to $524 Million

The Hartford’s net income rebounded during the third quarter, rising 21% from Q3 2018 to $524 million, partly due to lower current accident year catastrophes, a lower group disability loss ratio and higher net investment income, the company said. The …

Costs of Buying Navigators Hit The Hartford’s Q2 Results

Major insurer The Hartford saw its net income fall and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty insurer Navigators Group. Second quarter 2019 …

Lowell Joins The Hartford to Head Small Business Innovation Lab

The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business customers. “The lab is part of the company’s …

The Hartford Profit Up 32% in Q3

The Hartford reported third quarter 2014 net income totaled $388 million, up 32 percent from $293 million in third quarter 2013. The insurer said core earnings were $477 million for the three months ended Sept. 30, 2014, up 15 percent …

Hartford Reports Third Straight Quarterly Profit

Hartford Financial Services Group Inc. weathered a tough winter to achieve its third straight quarterly profit with first-quarter net income of $495 million, compared to a $241 million loss for the first quarter last year. Core earnings in property/casualty operations …

Hartford Profit Up As Focus Shifts to P/C Insurance

Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income advanced to $293 million, or 60 cents a share, from $13 …

Hartford’s Money-Losing Brokerage Unit Expected to Attract Bids

Hartford Financial Services Group’s independent brokerage unit Woodbury Financial Services hasn’t posted a profit for at least five years, but some investment bankers say that won’t deter a small circle of expansion-minded rivals from bidding on the business. Last week …

Hartford Bows to Shareholder Paulson, Sells Most Life Insurance Units

The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on Wednesday that it would get rid of most of its life insurance-related operations. The Hartford, one of the oldest …

Largest Shareholder Presses The Hartford to Decide Soon on Split-Up

Hedge fund manager John Paulson said Hartford Financial Services Group Inc. could boost its share price by 62 percent if it listened to his advice to break up the insurance provider as early as April. The billionaire, whose Paulson & …

Hartford Financial to Sell Life Private Placement Unit for $117.5M

Hartford Financial Services Group is selling all assets of its Hartford Life Private Placement unit to Philadelphia Financial Group Inc. for $117.5 million. Hartford Life Private Placement, based in Florham Park, N.J., provides insurance and wealth management services for consumers …