-=Hartford Financial (HIG) reported earnings on Mon 23 Oct 2017 (b/o)

Hartford Financial beats by $0.03, reports revs in-line

• Reports Q3 (Sep) earnings of $0.60 per share, $0.03 better thanthe Capital IQ Consensus of $0.57; revenues fell 0.7% year/year to $4.68 bln vs the $4.68 bln two analyst estimate.
• Current accident year catastrophe losses totaled $352 million, before tax ($0.62, after tax, per diluted share), compared with third quarter 2016 catastrophe losses of $80 million, before tax ($0.13, after tax, per diluted share); the increase in catastrophe losses was the primary driver of the increase in Commercial Lines and Personal Lines combined ratios to 108.6 and 104.0, respectively, from 93.9 and 100.2 in thirdquarter 2016
• Commercial Lines underlying combined ratio* of 93.2 increased 3.2 points from 90.0 in third quarter 2016 due to a higher expense ratio and increased workers' compensation and general liability loss ratios
• Agrees to acquire Aetna's U.S. Group life and disability business for $1.45 billion
  • See 6:49 ET post for further details. 
• "The Hartford's third quarter results included a significant amount of property and casualty catastrophe losses, which totaled $229 million, after tax, primarily from hurricanes. Aside from catastrophes, our results remained strong at each segment, meeting or beating our expectations," said The Hartford's Chairman and CEO Christopher Swift. "Investment results also contributed, with excellent returns on limited partnerships, stable portfolio yields and low levels of impairments or credit losses. Reflecting our strong underlying results, for the fifth consecutive year we raised our quarterly common dividend, which will increase by 9% effective with the January 2, 2018 payment."

=Hartford Financial (HIG) reported earnings on Thur 4 Feb 2016 (after close)

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Hartford Financial beats by $0.09, misses on revs; offers FY16 outlook  :

• Reports Q4 (Dec) earnings of $1.07 per share, $0.09 better than the Capital IQ Consensus of $0.98; revenues fell 2.3% year/year to $4.51 bln vs the $4.7 bln two analyst estimate.
• Book value per diluted common share was $42.96 as of Dec. 31, 2015, roughly flat with Dec. 31, 2014
• The Hartford announced that its full year 2016 core earnings outlook range is $1,575 million to $1,675 million and includes an expected decline in Talcott Resolution core earnings to a range of $320 million to $340 million.

Hartford Financial (HIG) reported earnings on Mon 26 October 2015 (after close)

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Hartford Financial Services Group Inc. said its third-quarter core earnings fell 24% amid a decline in investment income and an increase in catastrophe and loss costs.

The insurer's shares fell 4.7% to $46.50 in recent after-hours trading as per-share core earnings and net premiums written missed expectations.

Hartford has narrowed its focus to property-casualty insurance and a group-benefits operation that sells products to employers and mutual funds. Its variable-annuity business is in "run off," meaning claims are being paid but no new sales are made.


Chief Executive Christopher Swift said the latest results reflect lower net investment income, adverse prior-year developments in its commercial lines and higher catastrophe and losses costs in its personal lines.

Hartford Financial reported core earnings of $364 million, or 86 cents a share, down from $477 million, or $1.06 a share, a year earlier.

Revenue decreased 4.3% to $4.56 billion, including a decline of 9.9% in net investment income to $730 million.

Analysts polled by Thomson Reuters expected per-share core earnings of 99 cents and revenue of $4.75 billion.

Overall, Hartford Financial reported a profit of $381 million, down from $388 million a year earlier. Per-share earnings, which reflect preferred dividend impacts and a decrease in shares outstanding, rose to 90 cents from 86 cents.