Third quarter 2013 current accident year catastrophe losses totaled $18 million, before tax, compared with $0 million in third quarter 2012. Third quarter 2012 included $24 million of favorable development on 2012 prior quarter catastrophe losses that entirely offset third quarter 2012 catastrophes of $24 million, before tax. Similarly, third quarter 2013 included $17 million, before tax, of favorable development on 2013 prior quarter catastrophes that partially offset $35 million, before tax, of current quarter catastrophes. Favorable PYD, largely from prior year catastrophe losses, was $11 million, before tax, in third quarter 2013 compared with favorable PYD of $49 million, before tax, in third quarter 2012, principally from auto liability.The auto combined ratio, before catastrophes and PYD, was 96.8 in third quarter 2013, 3.3 points better than 100.1 in third quarter 2012 as a result of earned pricing increases and moderate liability and physical damage loss cost trends. Homeowners combined ratio, before catastrophes and PYD, was 77.6, 0.6 points better than 78.2 in third quarter 2012 due to earned pricing increases and favorable non-catastrophe weather and non-weather claim frequency.
The Hartford Reports Third Quarter 2013 Financial Results
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