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The Hartford: 4Q Earnings Snapshot

February 4, 2021 GMT

HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Thursday reported fourth-quarter net income of $537 million.

On a per-share basis, the Hartford, Connecticut-based company said it had net income of $1.47. Earnings, adjusted for non-recurring costs, came to $1.76 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The insurance and financial services company posted revenue of $5.33 billion in the period. Its adjusted revenue was $3.44 billion.

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For the year, the company reported profit of $1.74 billion, or $4.76 per share. Revenue was reported as $13.35 billion.

The Hartford shares have risen 4% since the beginning of the year, while the Standard & Poor’s 500 index has risen 3%. In the final minutes of trading on Thursday, shares hit $50.94, a fall of 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIG at https://www.zacks.com/ap/HIG