Amadeusz Juskowiak

Itts itt hartford unit posts 4th qtr gain

Hartford Insurance Group a unit of New Yorkbased ITT Corp said higher worldwide premiums help boost net income for the 1986 fourth quarter to 886 mln dlrs from net income of 367 mln dlrs for the 1985 quarter

For the full year Hartford said it earned 329 mln dlrs up from 1514 mln dlrs in 1985

Hartford said results for the year were aided by a gain of 465 mln dlrs on the sale of its remaining 52 pct stake in Abbey Life Group PLC For 1985 the company posted a gain of 143 mln dlrs on the sale of 48 pct of Abbey Life

Hartford said total propertycasualty and lifehealth written premiums rose 25 pct in 1986 to eight billion dlrs from 64 billion dlrs in 1985