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HARTFORD, Conn. (AP) - Hartford Financial Services Group Inc. on Thursday said first-quarter income rose 9 percent on the strength of its property, casualty and life insurance businesses.
The company, which also sells mutual funds, said net income expanded to $728 million, or $2.34 per share, from $666 million, or $2.21 per share, a year ago. Excluding one-time items, earnings were $797 million, or $2.56 per share. On that basis, analysts surveyed by Thomson Financial had expected income of $2.11 per share.
By segment, earnings from the company's life insurance business surged 76 percent to $418 million. Property and casualty earnings from continuing operations rose 10 percent to $386 million.
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