The Hartford's Operating Income Rises 30% In 3Q

The Hartford Financial Services Group, Inc. (NYSE: HIG) reported net income per diluted share of $1.20 for the third quarter of 2003, up from $1.06 per diluted share in the third quarter of 2002. Net income increased 29 percent to $343 million in the current period from $265 million in the third quarter of 2002. Ramani Ayer, chairman and CEO of The Hartford, said, "During the quarter, our execution has been strong with both of our life and property-casualty operations benefiting from the favorable market conditions. Total revenues are up 21 percent over the prior-year period. ...