Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,939.59
    -176.55 (-0.35%)
     

  • CMC Crypto 200

    1,328.48
    +51.50 (+4.04%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
BRANDS:

Meet one of the UK’s largest unknown start-ups

Video editing platform Veed has grown to 10 million users

Hartford's Q1 profit rises on higher premiums, investment income

Reuters
·1-min read

April 25 (Reuters) - Hartford Financial Services on Thursday reported a rise in first-quarter profit, as the investment and insurance firm benefited from a higher income from investments.

A rally in global markets since the start of the year has helped insurers who invest in various market instruments to post significant gains in their investment income.

Its net investment income, before tax, surged 15% to $593 million.

A tight labor market and the increased optimism for a soft landing for the economy have helped the insurance sector by reviving expenditure on insurance plans.

Hartford's total earned premiums for the January to March period were at $5.45 billion, up from $5.06 billion in the year ago period.

Its adjusted core earnings for the quarter ended March 31 came in at $2.34 per share, compared with $1.68 per share in the year ago period. (Reporting by Pritam Biswas and Jaiveer Singh Shekhawat in Bengaluru)