ING U.S., which has a major presence in Windsor, said that its net income fell 5 percent in the third quarter, despite a strong performance by its retirement and investment management segments, the Associated Press reported.
Net income was $346.6 million, or $1.32 per share, compared to $366.5 million, or $1.59 per share, during the third quarter last year.
Operating earnings increased to $484 million from $306 million. The quarter included a gain of approximately $177 million tied to the Lehman Brothers bankruptcy settlement, the AP said.
ING U.S. went public in the United States in May. It’s owned by Dutch financial services company ING Groep NV.
