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The Hartford Financial Services Group Inc Issues FY 2013 Core Earnings Guidance; Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call


Tuesday, 5 Feb 2013 09:00am EST 

The Hartford Financial Services Group Inc announced that its outlook for fiscal 2013 core earnings is $1.375 billion to $1.475 billion, which includes the impact of lower investment yields and the $260 million to $280 million decline in Talcott Resolutions earnings due to the continued shrinkage of the VA books and the sale of Individual Life and retirement plans. For the first quarter of 2013, the Company announced that its outlook is for core earnings of $0.75 to $0.80 per diluted share (EPS), including budgeted CATs of $57 million after-tax. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.80 for the first quarter of 2013.