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Hartford's Q1 profit rises on higher premiums, investment income

April 25 (Reuters) - Hartford Financial Services on Thursday reported a rise in first-quarter profit, as the investment and insurance firm benefited from a higher income from investments.

A rally in global markets since the start of the year has helped insurers who invest in various market instruments to post significant gains in their investment income.

Its net investment income, before tax, surged 15% to $593 million.

A tight labor market and the increased optimism for a soft landing for the economy have helped the insurance sector by reviving expenditure on insurance plans.

Hartford's total earned premiums for the January to March period were at $5.45 billion, up from $5.06 billion in the year ago period.

Its adjusted core earnings for the quarter ended March 31 came in at $2.34 per share, compared with $1.68 per share in the year ago period. (Reporting by Pritam Biswas and Jaiveer Singh Shekhawat in Bengaluru)