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Hartford profit rises 22% as policy sales climb under Swift

Hartford said fourth-quarter profit rose 22% as sales climbed at its main unit and margins improved.

By Sonali Basak | Updated on February 03, 2015

(Bloomberg) — Hartford Financial Services Group Inc., the insurer that sold life units to focus on property-casualty coverage, said fourth-quarter profit rose 22 percent as sales climbed at its main unit and margins improved.

Net income advanced to $382 million, or 86 cents a share, from $314 million, or 65 cents, a year earlier, Hartford, which is based in the Connecticut city of the same name, said in a statement Monday. Operating profit, which excludes some investment results, was 96 cents a share, beating by about 2 cents the average estimate in a Bloomberg survey of 15 analysts.

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