The Hartford meets expectations despite 2% profit drop

The Hartford posted first quarter profits - described as core
earnings - that fell 2 percent to $378mn driven by a climbing loss
ratio as cat losses crept higher.
But the $1.00 per share result was in line with the consensus
estimate of 15 Wall Street analysts surveyed by
MarketWatch.com.
The Hartford's largest business segment, commercial lines,
saw earned premium grow by 4 percent to $1.69bn during the
quarter
But profitability in the division lagged as the combined ratio
deteriorated...