The Hartford: 2Q Earnings Snapshot
HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Thursday reported second-quarter earnings of $372 million.
On a per-share basis, the Hartford, Connecticut-based company said it had net income of $1.02. Earnings, adjusted for non-recurring costs, were $1.33 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The insurance and financial services company posted revenue of $5.09 billion in the period. Its adjusted revenue was $5.01 billion.
The Hartford shares have increased 28% since the beginning of the year, while the Standard & Poor’s 500 index has increased 18%. In the final minutes of trading on Thursday, shares hit $56.87, a climb of 8% in the last 12 months.