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Chair and CEO cites “simply outstanding” results
The 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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