The Hartford Reports $455M Net Income, Sale of Japan Annuity Firm

The Hartford on Monday reported first-quarter net income of $455 million, compared to a $241 million loss in the first quarter of 2013.Property and casualty earnings increased 21%, to $386 million from $318 million in the prior-year quarter, The Hartford said. The Hartford reported a 3% gain in written premiums, to $2.6 billion in the first quarter of this year, compared to $2.52 billion in the first quarter of 2013. Also on Monday, The Hartford reported that it has reached an agreement to sell Hartford Life Insurance K.K., a Japan annuity company, to Orix Corp. for $895 million. The deal must...