The Hartford swings to Q1 $127mn underwriting loss on reserve charge, cats
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The Hartford swings to Q1 $127mn underwriting loss on reserve charge, cats

James Thaler
April 22, 2021
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Underwriting earnings within The Hartford’s P&C division turned negative in the first quarter, as a $307mn reserve charge relating to the company’s Boy Scouts of America (BSA) settlement and $176mn in February winter storm losses wiped out underlying gains.

The company reported $0.56 a share in operating income Thursday morning, down 60% on the year, and just behind analysts’ $0.60

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