- Insurance companies have generally benefited from the pandemic as many lines of business have seen lower overall claims being filed.
- Hartford saw some improvements in its YOY financial performance, although it struggled with retention in some areas.
- The insurance industry as a whole is entering a hard market, so we can expect to see premium increases and tightening underwriting standards, which should limit losses.
- The company's mutual fund business delivered growth as a result of the rebound in the market that we saw following the CARES stimulus package.
- The low interest rates are weighing on the company's investment returns, but its bond portfolio now has a substantially higher value than it did last year.
For further details see:
Hartford Financial: Results Reveal A Decently Valued Conservative Insurance Play