Chair and CEO cites "simply outstanding" results
By Terry Gangcuangco
Feb 05, 2024 ShareThe Harford has released its financial results for the fourth quarter and whole of 2023.
Here are the numbers for the Connecticut-based insurance company:
Metric
Q4 2023
Q4 2022
FY 2023
FY 2022
Net income available to common stockholders
$766 million
$587 million
$2.5 billion
$1.8 billion
Commercial lines net income
$687 million
$566 million
$2.1 billion
$1.6 billion
Personal lines net income / (loss)
$34 million
$44 million
$(39 million)
$91 million
Group benefits net income
$176 million
$143 million
$535 million
$327 million
Hartford funds net income
$47 million
$45 million
$174 million
$162 million
The Hartford chairman and chief executive Christopher Swift said in a release: “Fourth quarter and full-year 2023 results were simply outstanding, demonstrating the effectiveness of our strategy, and our ability to consistently execute.
“Our 2023 core earnings ROE (return on equity) of 15.8% reflects exceptional underwriting in commercial lines, record core earnings from group benefits, and continued solid performance from our investment portfolio.”
The CEO added: “Building on another quarter and full year of exceptional performance, we are well positioned to sustain these results in 2024.”
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