UPDATE: Hartford Financial Reports Q4 Loss
Hartford Financial Services Group (NYSE: HIG) posted a loss in the fourth quarter.
Hartford Financial posted a quarterly loss of $46 million, or $0.13 per share, versus a year-ago profit of $118 million, or $0.23 per share.
Its core earnings declined to $0.54 per share from $0.61 per share. Hartford Financial in November expected core earnings of $0.77 to $0.82 per share.
Its revenue climbed 37% to $7.74 billion.
For 2013, Hartford Financial projects core earnings of $1.38 billion to $1.48 billion, versus $1.4 billion in 2012.
Hartford Financial shares declined 0.65% to $24.54 in after-hours trading.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.