Advertisement
Canada markets open in 1 hour 18 minutes
  • S&P/TSX

    22,813.75
    -58.90 (-0.26%)
     
  • S&P 500

    5,555.74
    -8.67 (-0.16%)
     
  • DOW

    40,358.09
    -57.35 (-0.14%)
     
  • CAD/USD

    0.7254
    -0.0004 (-0.05%)
     
  • CRUDE OIL

    77.96
    +1.00 (+1.30%)
     
  • Bitcoin CAD

    91,565.61
    -339.38 (-0.37%)
     
  • CMC Crypto 200

    1,369.53
    +3.64 (+0.27%)
     
  • GOLD FUTURES

    2,418.90
    +11.60 (+0.48%)
     
  • RUSSELL 2000

    2,243.27
    +22.62 (+1.02%)
     
  • 10-Yr Bond

    4.2390
    -0.0210 (-0.49%)
     
  • NASDAQ futures

    19,700.00
    -225.00 (-1.13%)
     
  • VOLATILITY

    15.24
    +0.52 (+3.54%)
     
  • FTSE

    8,165.50
    -1.87 (-0.02%)
     
  • NIKKEI 225

    39,154.85
    -439.54 (-1.11%)
     
  • CAD/EUR

    0.6685
    +0.0003 (+0.04%)
     

Hartford Financial profit rises on higher written premiums

(Reuters) - Hartford Financial Services posted a rise in third-quarter profit on Thursday as the insurer raked in more from its written premiums in both commercial and personal lines units.

Written premiums rose to about $3 billion from $2.78 billion last year in its commercial lines and to $869 million from $803 million in its personal lines, both reflecting an increase of 8%.

The company reported a combined ratio of 90.2% in its commercial lines unit, compared with 94.3% a year earlier. A ratio below 100% means the insurer earned more in premiums than it paid out in claims.

Hartford Financial posted core earnings of $708 million, or $2.29 per share, for the quarter ended Sept. 30, up from $472 million, or $1.45 per share, a year earlier.

(Reporting by Pritam Biswas in Bengaluru; Editing by Anil D'Silva)