(Reuters) -Property and casualty insurance firm The Hartford reported a 41% jump in third-quarter profit on Monday, driven by robust growth in insurance premiums.

Shares of the company rose 1.6% after the bell. The stock has gained about 14% this year as of Monday’s close.

The insurance industry has remained resilient amid persistent uncertainty, as businesses and individuals focus on risk management to mitigate risks such as natural disasters and cyberattacks.

Still, analysts and investors have been concerned about a softening insurance market after a period of elevated premium rates in recent years.

Hartford’s property and casualty written premiums rose 7% in the quarter, driven by written premiums in its business insurance, which surged 9% to $3.57 billion from a year earlier.

Net

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