The Hartford Reports 18% Net Income Growth Amid $247M Cat Losses in Q3
The Hartford Reports 18% Net Income Growth Amid $247M Cat Losses in Q3

Latest News

The Hartford reported an 18% year-over-year increase in net income for the third quarter of 2024, reaching $761 million, fueled by significant growth in earned premiums across its Commercial and Personal Lines. The company also experienced lower net realized losses and an increase in net investment income, which rose to $659 million before tax. Despite reporting catastrophe losses of $247 million due to Hurricane Helene and other events, written premiums rose by 10%, with a notable recovery in Personal Lines. The firm’s strong overall performance has prompted an 11% increase in its quarterly dividend, underscoring its robust financial position even amid industry challenges.

Source and details of the news

Related News