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Hartford posts 36% increase in Q1 earnings despite cat losses - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Hartford posts 36% increase in Q1 earnings despite cat losses by Louise Esola Christopher Swift Auto liability , Financial Results , General liability , P/C Insurers , Technology , Workers Comp Coverage The Hartford Insurance Group Inc. Apr 24, 2026 The Hartford on Thursday reported first-quarter core earnings of $866 million, up 36% from the year-ago period, driven by strong underwriting performance and higher investment income, though results were tempered by elevated catastrophe losses. Catastrophe losses totaled $230 million before tax, including $171 million in business insurance, largely due to winter storms across several regions and tornado, wind and hail events. The company was “pleased with the performance of our overall book of business,” yet catastrophe losses were “significant” for the quarter, Chairman and CEO Christopher Swift said on an earnings webcast Friday. Business insurance core earnings were $551 million, a 17% climb over last year’s results, with written premium growth of 6% and an underlying combined ratio of 89.2%, reflecting “strong” underwriting margins despite catastrophe impacts, he said. Mr. Swift said in addition to underwriting discipline, pricing rigor and technology-enabled workflows — including the use of artificial intelligence to support risk selection — continue to differentiate the company’s performance. Small business accounts outperformed middle and large markets, with written premium growth of 8% and an underlying combined ratio of 89.4%, compared with a 91.3% combined ratio for middle and large commercial accounts. “Our small business strategy is supported by a flexible, multichannel, go-to-market model. Customers have multiple ways to engage, whether it’s through agents directly or via embedded capabilities such as payroll providers. All channels provide consistent service, capabilities, underwriting and pricing,” he said. On the earnings webcast, Chief Financial Officer Beth Costello said drops in prior-year development — $30 million in “unfavorable” prior-year reserve development compared with $51 million of “favorable” development a year earlier, according to the results report — was “driven by reserve reductions in workers compensation, homeowners and personal auto general liability reserves related to sexual abuse and molestation exposures from the 1970s and 1980s were increased by $70 million, which included a provision for a settlement in principle in one bankruptcy proceeding involving a religious institution.” Related News PwC to pay $128M to Evergrande investors April 24, 2026 Cyber insurance profits erode amid price declines: Dual April 24, 2026 Samsung strike could cost $674M daily April 24, 2026 Iran conflict drives insurance costs in Africa April 24, 2026 Rokstone launches $25M casualty binder April 24, 2026 Insurers’ temp staff downloaded sensitive data from Toyota: Report April 24, 2026 China faces mounting uninsured cat losses April 24, 2026 PartnerRe announces APAC leadership changes April 24, 2026 Croatia’s insurers enjoy 8% premium bump April 24, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. 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