Hartford announces profit increase.
BANKING AND CREDIT NEWS-July 30, 2021--Hartford announces profit increase
(C)2021 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 30 July 2021
Insurer Hartford Financial Services Group Inc (NYSE: HIG) has posted an increase in profit.
The firm has posted a second-quarter net income of USD900m. This is an increase of 94 percent from the year-earlier period. The company claimed that the increase was driven in part by written premium and underwriting gains in commercial lines and a decrease in COVID-19-related losses. The company however said that it is closely watching the recent elevated inflation data.
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