Property and casualty insurer The Hartford said Monday it estimates catastrophe losses will cost the company up to $375 million in the third quarter, inflated by damage from Hurricanes Harvey and Irma.
The Hartford will release third quarter earnings after the close of the market on Oct. 26.
Losses from Hurricane Harvey are expected to reach $175 million, before tax, with a comparable amount sustained by losses from Hurricane Irma. In each case, the storms had a larger impact on commercial lines than on personal lines, the insurer said.
“Aside from these two named storms, the company’s losses from third quarter 2017 catastrophes, including Hurricane Maria, are relatively low,” the company said.
