The Hartford says it is reacting to inflationary pressures in auto ‘on a weekly basis’

James Thaler

February 04, 2022

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Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.

The Hartford’s management team spoke a day after the company reported fourth-quarter earnings in which commercial lines underwriting profits more than doubled to $387mn, but its personal lines underwriting gain tumbled to $45mn from $154mn the year before.

The

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The Hartford says it is reacting to inflationary pressures in auto ‘on a weekly basis’

Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.

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The Hartford says it is reacting to inflationary pressures in auto ‘on a weekly basis’

Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.

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Uncover exclusive insights tailored for insurance leaders

Topics

Aon-NFP $13.4bn takeover expected to close around April 25

Chubb elevates Scheffler to COO of Personal Risk Services unit

Unexpected Q1 nat cat losses highlight troubling US SCS activity

M&A Weekly Roundup: Alliant, Inszone, Omaha National, AJG, and more

WTW CRB NA slashes staff as part of ‘regular workforce planning’

Executives at The Hartford told analysts on Friday they expect some erosion to the company’s core underwriting margins in personal lines this year, and that it is reacting to surging auto loss costs “on a weekly basis”.