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Hartford Financial Services Group (HIG) Reports $557 Million Profit
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Posted on 02/08/10 at 6:32pm by Daniel James Hayden IV
Hartford Financial Services Group Inc. (NYSE: HIG) reported late Monday that its 4th quarter net income rose to $557 million, or $1.19 per share, compared to a net loss of $806 million, or $2.71 per share, for the same period a year earlier.
Hartford Financial Services Group's core earnings, which exclude net realized investment gains and losses, were $689 million, or $1.51 per share.
Hartford Financial Services Group said last month that 4th quarter core earnings would likely be somewhere between $1.45 and $1.60 per share. The company says that it expects 2010 core earnings to be around $3.70 to $4 per share.
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