Hartford Financial (HIG) Misses Q1 EPS by 6c

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Go back to Hartford Financial (HIG) Misses Q1 EPS by 6c

The Hartford Reports First Quarter 2016 Core Earnings Of $0.95 Per Diluted Share And Net Income Of $0.79 Per Diluted Share

April 28, 2016 4:21 PM EDT

Core earnings* decreased 15% from first quarter 2015 principally due to decreased investment income from limited partnerships and other alternative investments (LPs) and lower underwriting results in Personal Lines, including unfavorable prior accident year development (PYD) in automobile Net income decreased 31% from first quarter 2015 due to the decrease in core earnings and first quarter 2016 net realized capital losses Including the impact of the company's share repurchase plan over the last twelve months, first quarter 2016 core earnings per diluted share* decreased 9% and first quarter net income per diluted share decreased 27%... More