The Hartford
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Shares drop after CEO Chris Swift indicates excess capital will go to deals first. -
The insurer cited underwriting gains in commercial lines in driving Q2 performance.
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The ratings firm said the survival ratio last year improved slightly to 7.8x.
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The insurer says it has officially exited the run-off life and annuity business.
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CEO Christopher Swift says reinsurers are not "strategic" for the company.
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Advisers have struggled to stimulate interest from trade players, this publication understands.
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P&C results shot past estimates as the combined ratio improved by 4.3 points, propelling group operating profit up 60 percent to $461mn.
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Total disclosed losses from what are set to be the costliest wildfires in Californian history have reached $3.5bn.
