The Hartford(US:HIG)2020-10-30 18:17Financial Performance - The Hartford's core earnings were $527 million, or $1.46 per diluted share, compared to $548 million in 3Q19[4] - The company's core earnings Return on Equity (ROE) was 12.3%, consistent with 3Q19[4] - Net income Return on Equity (ROE) decreased to 10.4% compared to 12.0% in 3Q19, due to an increase in average stockholders' equity[4, 22] Segment Results - Commercial Lines core earnings increased by 15% to $349 million, compared to $303 million in 3Q19[5] - Group Benefits core earnings decreased by 18% to $116 million, compared to $141 million in 3Q19, reflecting $35 million in COVID-19 related losses[5, 7] - Personal Lines core earnings were $77 million, a decrease of 12% compared to $87 million in 3Q19[5] Underwriting and Premiums - The Property & Casualty (P&C) combined ratio was 95.7% in 3Q20, compared to 95.5% in 3Q19, impacted by higher current accident year (CAY) catastrophes and COVID-19 losses[4, 6] - Commercial Lines written premiums decreased by 2% to $2.2 billion compared to 3Q19, reflecting the economic impacts of COVID-19[6] - Personal Lines written premiums decreased to $781 million from $822 million in 3Q19[7, 14] Investments - Total net investment income was $492 million, slightly up from $490 million in 3Q19, driven by higher returns on limited partnerships and alternative investments[4, 20] - Limited partnership (LP) income increased by 28% to $83 million before tax, from $65 million before tax in 3Q19[20] Capital Management - Corporate holding company resources were approximately $1.6 billion at September 30, 2020, up from $1.3 billion at June 30, 2020[18]