• Most Popular
  • Most Shared

Hartford posts higher earnings, beats view

NEW YORK
Thu Oct 25, 2007 4:59pm EDT

Stocks

   

NEW YORK (Reuters) - Hartford Financial Services Group Inc (HIG.N), the fourth-largest U.S. insurer by assets, said on Thursday that third-quarter net income rose 12 percent, helped by growth in its life insurance operations.

Stocks

Hartford said net earnings were $851 million, or $2.68 a share, up from $758 million, or $2.39 a share, in the year-earlier quarter.

Hartford said "core" or operating earnings, which analysts use to measure performance, were up 46 percent to $1.06 billion or $3.33 a share.

That beat analysts' average forecast of $2.46 a share, according to Reuters Estimates.

In the year-ago quarter, Hartford earned $727 million, or $2.30 a share, in core earnings.

Hartford Chief Executive Ramani Ayer raised his outlook for 2007 operating earnings to a range of $10.60 to $10.75 per share, up from $9.60 to $9.90 a share.

(Reporting by Ed Leefeldt)
Stocks


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    People walk by a Bank of America branch in New York. REUTERS/Lucas Jackson

    The search is on -- again

    Bank of America has less than two weeks left before Chief Executive Ken Lewis steps down. With the top candidate out of the picture, here's a look at what might happen next.  Full Article 

    Executive compensation
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures