The Hartford swings to Q1 $127mn underwriting loss on reserve charge, cats
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

The Hartford swings to Q1 $127mn underwriting loss on reserve charge, cats

James Thaler
April 22, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
the-hartford-hartford-ct-jt-with-bigger-logo.jpg

Underwriting earnings within The Hartford’s P&C division turned negative in the first quarter, as a $307mn reserve charge relating to the company’s Boy Scouts of America (BSA) settlement and $176mn in February winter storm losses wiped out underlying gains.

The company reported $0.56 a share in operating income Thursday morning, down 60% on the year, and just behind analysts’ $0.60

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

ResultsThe HartfordNewsEarnings
JT
James Thaler
Gift this article