Hartford Financial (HIG) Tops Q4 EPS by 14c

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Go back to Hartford Financial (HIG) Tops Q4 EPS by 14c

The Hartford Reports Fourth Quarter 2016 Net Loss Per Diluted Share Of $0.22 And Core Earnings Per Diluted Share* Of $1.08

February 2, 2017 4:16 PM EST

Net loss of $81 million compared with net income of $421 million in fourth quarter 2015 primarily due to a $423 million, after-tax, charge related to the previously-announced retroactive reinsurance agreement covering asbestos and environmental (A&E) liability exposures; net loss per diluted share of $0.22 compared with net income per diluted share of $1.01 in fourth quarter 2015 Core earnings* of $415 million decreased 7% from $445 million in fourth quarter 2015; core earnings per diluted share* of $1.08 rose 1% from $1.07 in fourth quarter 2015 due to the impact of equity repurchases Commercial Lines combined ratio of 91.3, a 3.2 point increase from fourth... More