NU Online News Service, Nov. 6, 2003, 5:34 p.m. EST – Hartford Financial Services Group Inc., Hartford, increased its total net income 29% during the third quarter despite a 30% decrease in life profits.
The company is reporting $343 million in net income for the latest quarter on $4.9 billion in revenue, up from $265 million in net income on $4.1 billion in revenue for the third quarter of 2002.
Life operating profits dropped to $162 million, from $232 million, because of a decline in corporate-owned life insurance profits and profits from miscellaneous life and annuity products.
