The Hartford's quarterly profit jumps on rising business insurance demand

Hartford Insurance

23/04/2026 22:36

April 23 (Reuters) - The Hartford HIG.N posted a 36% rise in first-quarter profit on Thursday as the property and casualty insurance firm benefited from strong growth in premiums.

Insurance spending has held up despite a choppy environment as individuals and businesses sought coverage to safeguard against risks such as natural disasters.

Property and casualty written premiums rose 4% in the quarter from a year ago, driven by 6% premium growth in the business insurance segment.

Core earnings from the business insurance arm - which accounts for more than half of Hartford's revenue - surged 17% to $551 million in the quarter.

CEO Christopher Swift said growth in the personal insurance business was impacted by a competitive market.

Core earnings stood at $866 million, or $3.09 per share, in the three months ended March 31, versus $639 million, or $2.20 per share in the year-ago period.

Net investment income before tax jumped to $739 million in the reported quarter from $656 million a year earlier, benefiting from a rise in income from alternative investments and a higher level of invested assets.

 (Reporting by Utkarsh Shetti and Arasu Kannagi Basil in Bengaluru; Editing by Pooja Desai)

 ((UtkarshUmesh.Shetti@thomsonreuters.com;))