Edition:
United States

Hartford Financial Services Group Inc (HIG.N)

HIG.N on New York Stock Exchange

53.82USD
20 Feb 2018
Change (% chg)

$-0.32 (-0.59%)
Prev Close
$54.14
Open
$54.03
Day's High
$54.40
Day's Low
$53.46
Volume
898,799
Avg. Vol
615,127
52-wk High
$59.20
52-wk Low
$46.38

Latest Key Developments (Source: Significant Developments)

Hartford Q4 Loss Per Share $10.37
Thursday, 8 Feb 2018 04:15pm EST 

Feb 8 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS AND ANNOUNCES 2018 OUTLOOK FOR SELECTED BUSINESS METRICS.Q4 CORE EARNINGS PER SHARE $0.81.Q4 LOSS PER SHARE $10.37.Q4 CONSOLIDATED EARNED PREMIUMS $3,801‍​ MILLION VERSUS. $3,479 MILLION.QTRLY BOOK VALUE PER DILUTED SHARE, EXCLUDING AOCI, $35.29 VERSUS. $45.24‍​.HARTFORD FINANCIAL SERVICES - QTRLY CONSOLIDATED NET INVESTMENT INCOME DECLINED 4% TO $394 MILLION, BEFORE TAX, FROM $412 MILLION, BEFORE TAX, IN Q4 2016.SEES FY2018 ‍COMMERCIAL LINES COMBINED RATIO BETWEEN 93.0 - 95.5​.‍SEES FY 2018 PERSONAL LINES COMBINED RATIO BETWEEN 96.0 - 98.0​.SEES FY 2018 ‍GROUP BENEFITS NET INCOME BETWEEN $275 MILLION - $295MLN​.  Full Article

Hartford Financial Services Group Sees $850 Mln Charge On Net Deferred Tax Assets​ Due To Lower U.S. Corporate Tax Rates
Monday, 8 Jan 2018 04:15pm EST 

Jan 8 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD ESTIMATES IMPACTS OF U.S. CORPORATE TAX LAW AND CATASTROPHE LOSSES ON FOURTH QUARTER 2017 FINANCIAL RESULTS.HARTFORD FINANCIAL SERVICES GROUP - SEES $850 MILLION CHARGE DUE TO IMPACT OF LOWER U.S. CORPORATE TAX RATES STARTING 2018 ON CO'S NET DEFERRED TAX ASSETS​.HARTFORD FINANCIAL SERVICES GROUP - ‍CATASTROPHE LOSSES IN Q4 2017 ESTIMATED AT ABOUT $180 MILLION, BEFORE TAX, LARGELY DUE TO CALIFORNIA WILDFIRES​.HARTFORD FINANCIAL SERVICES - CHARGE WILL NOT AFFECT Q4 CORE EARNINGS.  Full Article

Hartford Financial Services says If Deal Terminated, Hopmeadow Acquisition To Pay Hartford Holdings A Non-Refundable Fee Of $114.4 Mln
Monday, 4 Dec 2017 06:44am EST 

Dec 4 (Reuters) - Hartford Financial Services Group Inc ::HARTFORD FINANCIAL SERVICES - IF DEAL TERMINATED, HOPMEADOW ACQUISITION TO PAY TO HARTFORD HOLDINGS A NON-REFUNDABLE FEE OF $114.4 MILLION IN CASH.  Full Article

The Hartford Announces Agreement To Sell Talcott Resolution
Monday, 4 Dec 2017 06:15am EST 

Dec 4 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD ANNOUNCES AGREEMENT TO SELL TALCOTT RESOLUTION.HARTFORD FINANCIAL SERVICES GROUP INC - ‍HARTFORD ALSO RETAIN AN ESTIMATED $950 MILLION OF TALCOTT RESOLUTION TAX BENEFITS​.HARTFORD FINANCIAL SERVICES GROUP INC - TOTAL CONSIDERATION TO HARTFORD OF $2.05 BILLION, COMPRISED OF CASH.HARTFORD FINANCIAL SERVICES - SUBJECT TO REGULATORY APPROVAL, CO ALSO EXPECTS TO RECEIVE $300 MILLION IN A PRE-CLOSING DIVIDEND FROM TALCOTT RESOLUTION.HARTFORD FINANCIAL- ‍UNDER TERMS OF SALE AGREEMENT & SUBJECT TO REGULATORY APPROVAL, INVESTOR GROUP WILL FORM NEW CO THAT WILL PURCHASE HARTFORD LIFE​.HARTFORD FINANCIAL SERVICES GROUP INC - ‍HARTFORD WILL RECEIVE A 9.7 PERCENT OWNERSHIP INTEREST, VALUED AT $164 MILLION, IN NEW COMPANY​.HARTFORD FINANCIAL SERVICES - SUBJECT TO REGULATORY APPROVAL, CO WILL REDUCE ITS LONG-TERM DEBT BY $143 MILLION.HARTFORD FINANCIAL SERVICES GROUP - ‍INVESTOR GROUP WILL FORM A NEW COMPANY THAT WILL PURCHASE HARTFORD LIFE FOR A NET PAYMENT OF $1.443 BILLION IN CASH​.HARTFORD FINANCIAL SERVICES GROUP - CURRENTLY EXPECTS TO USE ABOUT $400 MILLION OF PROCEEDS FROM SALE FOR ADDITIONAL DEBT REPAYMENT.HARTFORD FINANCIAL SERVICES GROUP INC - AS PART OF TRANSACTION, ABOUT 400 HARTFORD EMPLOYEES WILL BECOME EMPLOYEES OF NEW COMPANY.HARTFORD FINANCIAL SERVICES GROUP INC - TOTAL CONSIDERATION TO HARTFORD OF $2.05 BILLION IS ALSO COMPRISED OF A PRE-CLOSING DIVIDEND, TRANSFERRED DEBT.  Full Article

The Hartford to acquire Aetna's U.S. group life and disability business
Monday, 23 Oct 2017 06:45am EDT 

Oct 23 (Reuters) - Aetna Inc :The Hartford signs agreement to acquire Aetna’S U.S. group life and disability business.Aetna Inc - deal for $1.45 billion​.Aetna - ‍projects impact of deal to 2017 earnings per share to be immaterial given timing of transaction, slightly dilutive to 2018 earnings per share.Aetna Inc - ‍acquisition will be accretive to Hartford's earnings in 2018​.Aetna Inc - ‍acquisition will be funded by Hartford by dividends from its insurance subsidiaries and holding company resources​.Aetna Inc - ‍Hartford does not intend to issue debt or equity in order to fund cash consideration for acquisition​.Aetna Inc - ‍Hartford does not currently expect to authorize an equity repurchase plan for 2018​.  Full Article

Hartford Financial Services Group Q2 loss per share $0.11
Thursday, 27 Jul 2017 04:15pm EDT 

July 27 (Reuters) - Hartford Financial Services Group Inc :Hartford reports second quarter 2017 net loss per diluted share of $0.11 and core earnings per diluted share of $1.04.Q2 core earnings per share $1.04.Q2 loss per share $0.11.Q2 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.Hartford Financial Services Group Inc - qtrly consolidated earned premiums $3,490 million versus $3,444 million.Hartford Financial Services Group Inc - book value per diluted share as of June 30, 2017 rose 6% compared with Dec. 31, 2016 to $46.84.Hartford Financial Services Group Inc - excluding AOCI, book value per diluted share as of June 30, 2017 increased 1% to $45.50.Hartford Financial Services Group Inc qtrly consolidated net investment income declined 3% to $715 million.  Full Article

Hartford Financial enters agreement with Prudential Financial to buy group annuity contract and transfer pension plan liabilities​
Monday, 26 Jun 2017 07:05am EDT 

June 26 (Reuters) - Hartford Financial Services Group Inc :Hartford Financial-agreement with Prudential Financial to buy group annuity contract and transfer $1.6 billion in U.S. Qualified pension plan liabilities​.Hartford Financial - agreement to transfer responsibility for pension benefits for about 38 percent of Hartford's U.S. Pension plan participants to Prudential.Hartford Financial - ‍as a result of transaction, expects to recognize reduction to stockholder's equity of about $140 million, or $0.37 per share.Hartford - as a result of transaction, co expects to recognize, in Q2 2017, a pension settlement charge to net income of about $485 million, after-tax.Hartford Financial - to maintain plan's pre-transaction-funded status, hartford intends to make a contribution of about $300 million by year-end 2017.Hartford Financial Services Group Inc - there will be no change to pension benefits for any plan participants as a result of the transaction.  Full Article

Hartford Financial reports Q1 earnings per share $1.00
Thursday, 27 Apr 2017 04:15pm EDT 

April 27 (Reuters) - Hartford Financial Services Group Inc :The Hartford reports first quarter 2017 net income and core earnings per diluted share* of $1.00.Q1 core earnings per share $1.00.Q1 earnings per share $1.00.Hartford Financial Services Group Inc qtrly book value per diluted share of $45.25 rose 2% from dec. 31, 2016.Hartford Financial Services Group Inc qtrly book value per diluted share excluding accumulated other comprehensive income was $45.80, up 1%.Hartford Financial Services - q1 consolidated earned premiums $3,473 million versus. $3,404 million last year.Hartford Financial Services Group Inc - net investment income increased 5% to $728 million, before tax, in q1 2017 versus $696 million, before tax, in q1 2016.Q1 earnings per share view $0.99, revenue view $4.71 billion -- Thomson Reuters I/B/E/S.  Full Article

Hartford Financial Services Group Q4 loss per share $0.22
Thursday, 2 Feb 2017 04:16pm EST 

Hartford Financial Services Group Inc : The Hartford reports fourth quarter 2016 net loss per diluted share of $0.22 and core earnings per diluted share of $1.08 . Q4 core earnings per share $1.08 . Q4 loss per share $0.22 . Q4 earnings per share view $0.94 -- Thomson Reuters I/B/E/S . Hartford Financial Services Group Inc - Q4 2016 net investment income totaled $758 million, before tax, a 9% increase from Q4 2015 . Qtrly consolidated earned premiums $3,479 million versus $3,460 million last year .Hartford Financial Services Group Inc - Book value per diluted share was $44.35 as of Dec. 31, 2016, up 3% compared with Dec. 31, 2015.  Full Article

Hartford Financial Services Group says files for mixed shelf with U.S. SEC size undisclosed - SEC Filing
Friday, 29 Jul 2016 04:42pm EDT 

Hartford Financial Services Group Inc :Says files for mixed shelf with U.S. SEC; size undisclosed - SEC filing.  Full Article

BRIEF-The Hartford Enters Renewal Rights Agreement For Foremost Insurance's Commercial Independent Agent Business

* THE HARTFORD ENTERS RENEWAL RIGHTS AGREEMENT FOR THE SMALL COMMERCIAL INDEPENDENT AGENT BUSINESS OF FOREMOST INSURANCE