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. 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.
Strong Performance Driven by Higher Net Income and Premium Growth
HARTFORD, Conn., April 25, 2024--The Hartford (NYSE: HIG) today announced financial results for the first quarter ended March 31, 2024.