A newly property/casualty focused Hartford has reported a 22 percent rise in profits for the fourth quarter. Net income advanced to $382 million, or 86 cents a share, from $314 million, or 65 cents, a year earlier, Hartford, said in a statement Monday. Operating profit, which excludes some investment results, was 96 cents a share, beating by about 2 cents the average estimate in a Bloomberg survey of 15 analysts. The insurer spent 93.8 cents on claims and expenses for every dollar it took in at the property-casualty business in the fourth quarter, compared with paying 97.5 cents a year earlier. Policy sales at the business rose 5.2 percent to $2.47 billion.
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