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January 29, 2002 at 07:00 PM
NU Online News Service, Jan. 29, 1:38 p.m. – The Hartford Financial Services Group Inc., Hartford, is reporting $144 million in net income for the fourth quarter of 2001 on $3.9 billion in revenue, compared with $273 million in net income on $3.9 billion in revenue for the fourth quarter of 2000.
Operating income, which excludes $98 million in losses on investments sold during the quarter, increased to $261 million, from $252 million, and assets under management increased to $193 billion, from $183 billion.
The life insurance unit, Hartford Life, generated $181 million in operating income on $1.7 billion in revenue, up from $156 million on $1.5 billion in revenue.
