Insurer The Hartford Financial Services Group (HIG.N) reported a surge in third-quarter profit on lower investment losses, but core earnings came in below Wall Street expectations.
Net income jumped to $401 million, or 83 cents per share, from $60 million, or 11 cents per share, a year earlier.
On an operating basis, it earned 78 cents per share.
Analysts on average were expecting Hartford to earn 83 cents per share, according to Thomson Reuters I/B/E/S.
The company's shares closed at $21.92 on Thursday on the New York Stock Exchange.
(Reporting by Aman Shah in Bangalore; Editing by Sreejiraj Eluvangal)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.