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July 31, 2001 at 08:00 PM
NU Online News Service, July 31, 10:04 a.m. – The Hartford Financial Services Group Inc., Hartford, is reporting net income of $226 million for the second quarter on $3.8 billion in revenue, up from $213 million in net income on $3.5 billion in revenue for the second quarter of 2000.
Operating income, which excludes charges for accounting changes and $25 million in losses on investments sold during the quarter, increased 10%, to $262 million.
Hartford sells property-casualty insurance as well as life insurance and asset management services.
The life and asset management operations are reporting $162 million in net income for the second quarter on $1.7 billion in revenue, up from $146 million in net income on $1.4 billion in revenue.
