The Hartford Financial Services Group, Inc. (NYSE:HIG) Q2 2023 Earnings Call Transcript

Beth Costello: Sure. I think it’s kind of mixed, as you said, it’s been coming down from December. And one thing I would just point out is that when you think about our investment from portfolio. And as we’ve said, we’ve not made any significant changes in how we think about asset allocation and so forth. But in any given quarter what we’re purchasing can change a bit. So if we look at where we are in second quarter versus first quarter and fourth quarter a little bit lower in duration, a little bit higher in credit quality. So that mix can sometimes have an impact on how you just look at the sequential. What we’re really pleased about is the differential between our reinvestment rate and the sales and maturity yield still very healthy, and that contributing overall to the improvement that we’ve seen in the fixed maturity yield.

Yaron Kinar: Thank you. I appreciate the answers.

Operator: We’re out of time for questions. I would like to turn the call back over to Susan Spivak Bernstein for closing remarks.

Susan Spivak Bernstein: Thank you. Thank you all for joining us today. And as always, please reach out with any additional questions. Have a great day.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.