"The Hartford performed well, reporting another quarter of profitability in spite of market volatility, higher than expected catastrophes and several one-time events," said Liam E. McGee, The Hartford's Chairman, President and Chief Executive Officer. "Book value per share grew 6% sequentially and net unrealized losses declined by more than 50%. The company showed good sales momentum in many segments. Small commercial written premium* grew 3% over the prior year with strong profitability in a competitive market. Sales and deposits meaningfully increased from 2009 levels in the mutual funds, retirement plans and life insurance businesses."
"We are executing on our strategy and seeing encouraging signs. We have fully transitioned to a new organizational structure, enabling us to increase the focus on customers, simplify The Hartford and drive efficiencies throughout the businesses. Sales, distribution and operational initiatives are underway to maximize shareholder value and deliver sustainable, profitable growth," added McGee.