Sector: Financials|Industry: Insurance - Property & Casualty|Market Cap: $31.04B|Employees: 18.7K
The Hartford Financial Services Group, Inc. is a holding company for a group of subsidiaries that provide property and casualty insurance, group benefits insurance and services, and mutual funds and exchange-traded funds. The company strives to maintain and enhance its position as a market leader within the financial services industry. The Hartford is headquartered in Connecticut and has a geographic presence in the United States, United Kingdom and other international locations.
The 10-Q shows net income available to common stockholders increased to $748 million compared to $530 million in the prior year. This increase is attributed to higher net investment income and underwriting gain.
Earned premiums increased to $5,446 million compared to $5,063 million in the prior year. This growth is driven by both Commercial Lines and Personal Lines segments.
The company reports net realized gains of $28 million compared to net realized losses of $7 million in the prior year. This swing contributes to the overall improvement in net income.