Personal auto and investments offset commercial improvement at The Hartford
The Hartford reported an earnings miss for the first quarter as
improved underwriting performance in its commercial lines business
was offset by auto-driven deterioration in personal lines and lower
investment income.
Core earnings dropped 15 percent to $385mn, which at $0.95 a
share were below Wall Street analysts' consensus of $1.02 a
share.
Net income was off by more - down 31 percent to $323mn - as the
bottom line was also impacted by net realized capital losses of
$96mn....
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