The Hartford Announces Q3 Catastrophe Losses, Aetna Acquisition

The Hartford on Monday reported third-quarter net income of $234 million, down from $438 million in the prior-year quarter, a decrease that the company attributed to catastrophe losses from hurricanes Harvey and Irma. The hurricanes’ impact was felt in the company’s commercial lines segment, where net income of $90 million was down from $268 million in the third quarter of 2016. The commercial lines combined ratio was 108.6% in the third quarter, up 14.7 points from 93.9% in third quarter of 2016, mainly due to a 13.1-point increase in catastrophe losses, the company said. In add...