In corporate news:

The Hartford reported core earnings of $364 million for the three months ended September 30th, a 24 percent (or $113 million) decrease from core earnings of $477 million in third quarter 2014. The insurer said the decrease was principally due to lower net investment income, unfavorable prior year loss reserve development and higher catastrophe losses. Of note: the commercial lines third quarter 2015 combined ratio was 91.0, which is 1.0 point better than third quarter 2014. Further, third quarter 2015 written premiums in commercial lines grew 4 percent above third quarter 2014, reflecting renewal written price increases and strong retention in small commercial and middle market (which constitutes 86 percent of The Hartford’s commercial lines premium).

Read complete coverage via Insurance Journal here.

Leave a Comment

Your email address will not be published. Required fields are marked *