The Hartford says it is reacting to inflationary pressures in auto ‘on a weekly basis’

James Thaler

February 04, 2022

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Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.

The Hartford’s management team spoke a day after the company reported fourth-quarter earnings in which commercial lines underwriting profits more than doubled to $387mn, but its personal lines underwriting gain tumbled to $45mn from $154mn the year before.

The

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The Hartford says it is reacting to inflationary pressures in auto ‘on a weekly basis’

Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.

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The Hartford says it is reacting to inflationary pressures in auto ‘on a weekly basis’

Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Daily Digest: Top news from November 22

Florida Citizens expects policies to dip under 1 million after aggressive depopulation

Cyber attacks on supply chain up 431% since 2021: Cowbell

Agency deal roundup: Guy Carp, Risk Strategies, Higginbotham, KAP and more

PE firm Capital Z takes $240mn minority stake in retail broker Leavitt

Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.