Q2 Net Income Down 47% at The Hartford

The Hartford reported net income of $216 million in the second quarter, a decrease of 47.7% from a net income of $413 million in the prior-year quarter.  The decrease was mainly due to a decline in property and casualty underwriting results, and decreased net investment income, the company said last week. For commercial lines, the second-quarter combined ratio was 95.0, up from 92.2 in the prior-year quarter, reflecting higher current accident year losses, including catastrophe losses. Improved workers' compensation results partially offset the decrease, the company said. The ...