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The Hartford studies 2023 financials




The Hartford studies 2023 financials | Insurance coverage Enterprise America















Chair and CEO cites “merely excellent” outcomes

The Hartford reports 2023 financials


Insurance coverage Information

By
Terry Gangcuangco



The Harford has launched its monetary outcomes for the fourth quarter and complete of 2023.

Listed here are the numbers for the Connecticut-based insurance coverage firm:









Metric

This fall 2023

This fall 2022

FY 2023

FY 2022

Internet revenue out there to widespread stockholders

$766 million

$587 million

$2.5 billion

$1.8 billion

Business traces internet revenue

$687 million

$566 million

$2.1 billion

$1.6 billion

Private traces internet revenue / (loss)

$34 million

$44 million

$(39 million)

$91 million

Group advantages internet revenue

$176 million

$143 million

$535 million

$327 million

Hartford funds internet revenue

$47 million

$45 million

$174 million

$162 million

 

The Hartford chairman and chief government Christopher Swift mentioned in a launch: “Fourth quarter and full-year 2023 outcomes had 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 business traces, file core earnings from group advantages, and continued stable 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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