Barely a third of the way into his first year at the helm, CEO Liam E. McGee has seen The Hartford return to the black for the first time in five quarters, earning $557 million in the fourth quarter of 2009.
McGee, who also is chairman and president, said both the company’s life and property-casualty divisions made money. But he cautioned The Hartford is not yet out of the financial woods.
“Although the company posted strong earnings in the fourth quarter, the economy and market conditions remain uncertain,’’ McGee said.
McGee is expected to discuss the company’s business outlook at an investors meeting in April.
