The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the year with net income up 38% to about $2.5 billion.
Commercial lines record fourth quarter 2023 net income of $687 million compared to net income of $566 million during the same time in 2022 thanks to an underwriting gain of $466 million (up 53%) driven by earned premium growth. Catastrophe losses here during the last three months of 2023 were $60 million pretax, primarily from tornado, wind, and hail events across several regions of the United States. The