Hartford Financial (HIG) Tops Q2 EPS by 9c

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Go back to Hartford Financial (HIG) Tops Q2 EPS by 9c

The Hartford Reports Second Quarter 2018 Income From Continuing Operations, After Tax, Of $1.19 Per Diluted Share And Core Earnings Of $1.13 Per Diluted Share

July 26, 2018 4:15 PM EDT

Income from continuing operations, after tax, totaled $434 million compared with a second quarter 2017 loss from continuing operations, after tax, of $152 million ($0.42 per diluted share), which included a $488 million, after tax, pension settlement charge Core earnings* were $412 million, up 36% from $303 million ($0.81 per diluted share), in second quarter 2017 due to higher income before income taxes in the Commercial Lines, Group Benefits and Mutual Funds segments and the favorable impact of a lower U.S. corporate tax rate Property and casualty (P&C) combined ratio of 95.7 decreased 1.4... More