Hartford profits fall as a California wild flame loss

(Reuters) – Hartford Insurance Group, 16% of the first quarter of the first quarter of the first quarter of the first quarter, because the disaster loss of the disaster, as a result of the investment.

California Fires, one of the best natural disasters in American history, is estimated that economic losses fighting the benefits of insurers are caused by a great blow to the benefits of economic losses.

Natural disasters have had a great impact on insurers, especially if the frequency of catastrophic weather increases.

Hartford, his property and loss (P & C), the current accident year of disaster, reached $ 467 million before a quarter tax. California fires have only been 325 million dollars, a reinsurance network.

On the contrary, the criminal casualties were $ 161 million in the year of the year.

However, the market and also the uncertainty of the environment, allowed insurers to sell more products in the quarter.

Hartford, P & C’s written prizes in the first quarter, he said 9%.

“Disciplined underwriting and price execution, exceptional talent and innovative customer-centric solutions continue to manage our performance in a dynamic market environment, which includes a large disaster loss of high industry,” he said.

Insurers usually reflect more broad market trends, including various active classes, including fixed income securities and capital.

The insurer’s investment revenues increased from $ 593 million to $ 656 million last year, partially replaced the fall of quarterly earnings.

The existing net income for the total shareholders was $ 625 million or $ 2.15 per share, compared to $ 748 million, $ 748 million, $ 2.47 per share or $ 2.15 per share.

The company’s name was changed in the Hartford Insurance Group in the quarterly the status of the Hartford Financial Services group.

(Notification by Pritam Biswas in Bengaluruda; adjusted by shalesh kuber)