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The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims February 5, 2021 Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2% from fourth quarter 2019. Fourth quarter earnings of $636 million, rose 22% from fourth quarter 2019. The insurer posted revenues of $3.44 billion for the quarter compared to year-ago revenues of $5.30 billion. The quarter’s consolidated results reflected excess mortality in group life of $152 million primarily caused by direct and indirect impacts of COVID-19 and a $208 million charge for asbestos and environmental reserve development. Property/casualty loss (58.3) and expense (30.5) ratios both improved for the quarter compared to last year’s.

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