NU Online News Service, May 1, 4:10 p.m. EDT
Hartford Financial Services Group Inc. posted a first quarter net income loss of $1.2 billion and said it will respond to the economic downturn by curtailing international sales and changing its variable annuities.
The loss by Hartford Financial, Hartford, Conn. came on $5.4 billion in revenue, in 2008 the firm had $145 million in net income for the period on $1.5 billion in revenue.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
