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Hartford Financial Services Group Inc (HIG.N)

HIG.N on New York Stock Exchange

54.04USD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Hartford Financial Services Group Sees $850 Mln Charge On Net Deferred Tax Assets​ Due To Lower U.S. Corporate Tax Rates
Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD ESTIMATES IMPACTS OF U.S. CORPORATE TAX LAW AND CATASTROPHE LOSSES ON FOURTH QUARTER 2017 FINANCIAL RESULTS.HARTFORD FINANCIAL SERVICES GROUP - SEES $850 MILLION CHARGE DUE TO IMPACT OF LOWER U.S. CORPORATE TAX RATES STARTING 2018 ON CO'S NET DEFERRED TAX ASSETS​.HARTFORD FINANCIAL SERVICES GROUP - ‍CATASTROPHE LOSSES IN Q4 2017 ESTIMATED AT ABOUT $180 MILLION, BEFORE TAX, LARGELY DUE TO CALIFORNIA WILDFIRES​.HARTFORD FINANCIAL SERVICES - CHARGE WILL NOT AFFECT Q4 CORE EARNINGS.  Full Article

Hartford Financial Services says If Deal Terminated, Hopmeadow Acquisition To Pay Hartford Holdings A Non-Refundable Fee Of $114.4 Mln
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Hartford Financial Services Group Inc ::HARTFORD FINANCIAL SERVICES - IF DEAL TERMINATED, HOPMEADOW ACQUISITION TO PAY TO HARTFORD HOLDINGS A NON-REFUNDABLE FEE OF $114.4 MILLION IN CASH.  Full Article

The Hartford Announces Agreement To Sell Talcott Resolution
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD ANNOUNCES AGREEMENT TO SELL TALCOTT RESOLUTION.HARTFORD FINANCIAL SERVICES GROUP INC - ‍HARTFORD ALSO RETAIN AN ESTIMATED $950 MILLION OF TALCOTT RESOLUTION TAX BENEFITS​.HARTFORD FINANCIAL SERVICES GROUP INC - TOTAL CONSIDERATION TO HARTFORD OF $2.05 BILLION, COMPRISED OF CASH.HARTFORD FINANCIAL SERVICES - SUBJECT TO REGULATORY APPROVAL, CO ALSO EXPECTS TO RECEIVE $300 MILLION IN A PRE-CLOSING DIVIDEND FROM TALCOTT RESOLUTION.HARTFORD FINANCIAL- ‍UNDER TERMS OF SALE AGREEMENT & SUBJECT TO REGULATORY APPROVAL, INVESTOR GROUP WILL FORM NEW CO THAT WILL PURCHASE HARTFORD LIFE​.HARTFORD FINANCIAL SERVICES GROUP INC - ‍HARTFORD WILL RECEIVE A 9.7 PERCENT OWNERSHIP INTEREST, VALUED AT $164 MILLION, IN NEW COMPANY​.HARTFORD FINANCIAL SERVICES - SUBJECT TO REGULATORY APPROVAL, CO WILL REDUCE ITS LONG-TERM DEBT BY $143 MILLION.HARTFORD FINANCIAL SERVICES GROUP - ‍INVESTOR GROUP WILL FORM A NEW COMPANY THAT WILL PURCHASE HARTFORD LIFE FOR A NET PAYMENT OF $1.443 BILLION IN CASH​.HARTFORD FINANCIAL SERVICES GROUP - CURRENTLY EXPECTS TO USE ABOUT $400 MILLION OF PROCEEDS FROM SALE FOR ADDITIONAL DEBT REPAYMENT.HARTFORD FINANCIAL SERVICES GROUP INC - AS PART OF TRANSACTION, ABOUT 400 HARTFORD EMPLOYEES WILL BECOME EMPLOYEES OF NEW COMPANY.HARTFORD FINANCIAL SERVICES GROUP INC - TOTAL CONSIDERATION TO HARTFORD OF $2.05 BILLION IS ALSO COMPRISED OF A PRE-CLOSING DIVIDEND, TRANSFERRED DEBT.  Full Article

The Hartford to acquire Aetna's U.S. group life and disability business
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Aetna Inc :The Hartford signs agreement to acquire Aetna’S U.S. group life and disability business.Aetna Inc - deal for $1.45 billion​.Aetna - ‍projects impact of deal to 2017 earnings per share to be immaterial given timing of transaction, slightly dilutive to 2018 earnings per share.Aetna Inc - ‍acquisition will be accretive to Hartford's earnings in 2018​.Aetna Inc - ‍acquisition will be funded by Hartford by dividends from its insurance subsidiaries and holding company resources​.Aetna Inc - ‍Hartford does not intend to issue debt or equity in order to fund cash consideration for acquisition​.Aetna Inc - ‍Hartford does not currently expect to authorize an equity repurchase plan for 2018​.  Full Article

Hartford Financial Services Group says files for mixed shelf with U.S. SEC size undisclosed - SEC Filing
Saturday, 30 Jul 2016 

Hartford Financial Services Group Inc :Says files for mixed shelf with U.S. SEC; size undisclosed - SEC filing.  Full Article

Hartford Financial Q2 core earnings per share $0.31
Friday, 29 Jul 2016 

Hartford Financial Services Group Inc : The Hartford reports second quarter 2016 net income of $0.54 per diluted share and core earnings of $0.31 per diluted share . Q2 core earnings per share $0.31 . Q2 earnings per share $0.54 . Q2 earnings per share view $0.80 -- Thomson Reuters I/B/E/S . Hartford Financial Services Group Inc says qtrly book value per diluted share was $47.02, up 9% from Dec. 31, 2015 . Hartford Financial Services Group Inc says Q2 commercial lines combined ratio was 95.0, up 2.8 points from Q2 2015 . Outlook for 2016 personal lines combined ratio before catastrophes and prior year development has increased to a range of 93.0 to 94.0 . Hartford Financial Services Group Inc says qtrly earned premiums $3,444 million . Average total mutual funds segment aum decreased to $90.9 billion at end of Q2 2016 compared with $95.8 billion .Qtrly book value per share EX. AOCI was $44.74, a 2% increase from Dec. 31, 2015.  Full Article

Hartford Financial to sell U.K. Property & casualty run-off units
Tuesday, 26 Jul 2016 

Hartford Financial Services Group Inc: To sell U.K. Property & casualty run-off units to Catalina Holdings UK Limited . To sell U.K. property & casualty run-off units, downlands liability management limited, Hartford Financial Products International Ltd . Transaction is not expected to result in material gain or loss, net of tax effects, on Hartford's financial results .On closing, all staff will remain employees of DLM, and DLM and HFPI will remain headquartered in Worthing, England.  Full Article

BRIEF-The Hartford Enters Renewal Rights Agreement For Foremost Insurance's Commercial Independent Agent Business

* THE HARTFORD ENTERS RENEWAL RIGHTS AGREEMENT FOR THE SMALL COMMERCIAL INDEPENDENT AGENT BUSINESS OF FOREMOST INSURANCE