Our financial performance demonstrates the power of the franchise. Or is there any other tougher states that are showing early signs of firming at this stage? This was our second-highest sales quarter ever. But I do believe over the next three quarters, you'll see improvement in the loss ratio and the expense ratio. Middle & Large Commercial delivered a record 89.9%, a 1.6 point improvement from the prior year due to favorable non-CAT property losses and expense improvement. Hillman potted his first two goals as a member of the Wolf Pack during the series, and finished with three points (2 g, 1 a) and was a +6. The best way we can. 58 0 obj <> endobj xref The Hartford Website Temporarily Offline Thank you for visiting our website and please accept our apologies. We are experiencing technical difficulties. We want to ensure that you get the attention you deserve immediately, as we work to get our site back up and running. Great, that's really helpful. At this time. With these competitive advantages, I remain confident that we can continue to deliver superior results. I'm wondering, if you could talk about the different dynamics there between comp and then excluding comp, what's the year-over-year deterioration just all workers' comp or was there anything else in there? Monday - Friday 8 a.m. - 8 p.m. CT. 1-800-835-0385. We achieved renewal written price increases of 10% in the first quarter and expect it to accelerate into the high teens later this year. 0000018022 00000 n First one I had is little bit of a housekeeping item. Investors should also consider the risks and uncertainties that could cause actual results to differ from these statements. I think it produced a great result here in the first quarter of '23. I'll let Stephanie add it, but I'll just repeat what I said in my prepared remarks. Elyse, our strategy remains unchanged at rate adequacy, focused towards achieving profitability in 2024 and our prevail launch. We are off to a strong start. Total net prior accident year development was essentially zero as reserve reductions in worker's compensation and package business were offset by reserve increases in auto physical damage and general liability. Dual-factor authentication: adds an extra layer of protection and validates other parties' identities through additional means, like a Text message or phone call. Looking at new business, sales of $474 million were up $85 million over prior year. 0000009927 00000 n You need a reliable solution, like signNow that provides a signer with a digital certificate. Working with it using digital tools is different from doing so in the physical world. Given the vast majority of our book as 12-month policies, it will take time for the rate increases to fully earn in. Elyse, your line is now open. Solid investment results with increasing fixed-income portfolio yields and strong reinvestment rates and a core earnings ROE of 14.3%, while returning $484 million of capital to shareholders in the quarter. 0000043167 00000 n Join us for Game Three by getting tickets at www.hartfordwolfpack.com/tickets/playoff-information.
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