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(Bloomberg) — Hartford Financial Services Group Inc. climbed in New York trading yesterday after profit beat estimates as the insurer’s margins widened.
Hartford gained 3.2% to $28.09 at 4:15 p.m., the biggest advance in the 24-company KBW Insurance Index. Shares of Hartford, based in the Connecticut city of the same name, have advanced 25% this year.
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Opioid companies agreed to pay more than $32 billion to help cover costs related to opioid addiction, which has killed an estimated 500,000 Americans over two decades.
Thanks to an internal platform that monitors plan activity and a knack for risk pooling clients such as schools, the Pennsylvania brokerage acts swiftly to adjust health plan strategy
The financial results show the insurer prospering in a challenging environment.
MetLife Inc., the largest U.S. life insurer, said third-quarter profit tumbled 52% on derivative losses and costs tied to the spinoff of a U.S. retail business as CEO Steve Kandarian reorganizes the company.
UnitedHealth Group Inc., the largest U.S. health insurer, reported second-quarter profit that beat analysts’ estimates, driven by growth at its Optum technology and consulting unit.
