News: Hartford Financial Services Group Inc (HIG)

HIG on New York Consolidated

11 Jul 2014
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Mon, Apr 28 2014

Fitch Comments on Hartford's Announcement of Agreement to Sell Its Japan Unit

(The following statement was released by the rating agency) CHICAGO, April 28 (Fitch) Hartford Financial Services Group, Inc. (HFSG) announced this morning that it has reached a definitive agreement to sell Hartford Life Insurance K.K. (HLIKK) to a subsidiary of Orix Corporation, a publicly held international financial services organization based in Tokyo, Japan, for consideration of approximately $895 million. HLIKK houses HFSG's Japan annuity operations, the sale of which will, with the e

UPDATE 1-Japan's Orix agrees to buy Hartford Japan unit for $895M

* Orix to book one-time gain of Y30 bln as negative goodwill for 2014/15

Japan's Orix agrees to buy Hartford Japan unit for $895 million

TOKYO, April 28 - Japan's financial company Orix Corp said on Monday it has agreed to buy Hartford Financial Services Group's Japanese life insurance unit for $895 million in a bid to expand its life insurance business in the world's third-largest economy.

Hartford Financial profit tops estimates

- Hartford Financial Services Group's quarterly profit exceeded analysts' average expectation as it benefited from lower disaster losses, and the insurer announced a new $2 billion share buyback plan.

UPDATE 1-Hartford Financial profit tops estimates

* Catastrophe losses $28 million vs $335 million year ago

Hartford Financial posts profit as disaster claims fall

Feb 3 - Insurer Hartford Financial Services Group posted a profit in the fourth quarter, compared with a year-earlier loss, helped by lower disaster losses.

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