Hartford Financial (HIG) Misses Q3 EPS by 8c

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Go back to Hartford Financial (HIG) Misses Q3 EPS by 8c

The Hartford Reports Third Quarter 2015 Net Income Of $0.90 Per Diluted Share And Core Earnings Of $0.86 Per Diluted Share

October 26, 2015 4:27 PM EDT

Third quarter 2015 core earnings* decreased 24% from third quarter 2014 principally due to lower net investment income, unfavorable prior year loss reserve development and higher catastrophe losses; third quarter 2015 core earnings per diluted share* decreased 19% Third quarter 2015 net income decreased 2% from third quarter 2014, while third quarter net income per diluted share increased 5% due to the 6% decrease in weighted average diluted shares, which include the impact of the company's equity repurchases over the last year Net investment income decreased 10% compared with third quarter 2014 largely due to lower limited partnership and other alternative... More