The Hartford: 4Q Earnings Snapshot
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.
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.