Chair and CEO cites “merely excellent” outcomes
The Harford has launched its monetary outcomes for the fourth quarter and entire of 2023.
Listed below are the numbers for the Connecticut-based insurance coverage firm:
|
Metric
|
This autumn 2023
|
This autumn 2022
|
FY 2023
|
FY 2022
|
|---|---|---|---|---|
|
Internet earnings out there to frequent stockholders
|
$766 million
|
$587 million
|
$2.5 billion
|
$1.8 billion
|
|
Business strains internet earnings
|
$687 million
|
$566 million
|
$2.1 billion
|
$1.6 billion
|
|
Private strains internet earnings / (loss)
|
$34 million
|
$44 million
|
$(39 million)
|
$91 million
|
|
Group advantages internet earnings
|
$176 million
|
$143 million
|
$535 million
|
$327 million
|
|
Hartford funds internet earnings
|
$47 million
|
$45 million
|
$174 million
|
$162 million
|
The Hartford chairman and chief govt Christopher Swift stated in a launch: “Fourth quarter and full-year 2023 outcomes have been merely excellent, demonstrating the effectiveness of our technique, and our means to constantly execute.
“Our 2023 core earnings ROE (return on fairness) of 15.8% displays distinctive underwriting in industrial strains, document core earnings from group advantages, and continued strong efficiency from our funding portfolio.”
The CEO added: “Constructing on one other quarter and full 12 months of outstanding efficiency, we’re properly positioned to maintain these leads to 2024.”
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