Chubb Corp. (CB) Comments on Hartford (HIG) Proposals

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Go back to Chubb Corp. (CB) Comments on Hartford (HIG) Proposals

The Hartford (HIG) Reports Q1 EPS of $0.56; Rejects Additional Proposal from Chubb (CB), Raises Buyback

April 22, 2021 7:11 AM EDT

(udpated)

The Hartford (NYSE: HIG) reported Q1 EPS of $0.56, versus $1.34 reported last year. Revenue for the quarter came in at $5.3 billion vs $4.96 last year.

Increases share repurchase authorization to $2.5 billion; $1.5 billion in 2021Targets 13-14% ROE in 2022 and 2023Board unanimously rejects two additional Chubb proposals as not in the best interests of shareholdersIncreasing the share repurchase authorization to $2.5 billion through 2022... More