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Hartford Financial Services Group Inc (HIG.N)

HIG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hartford Reports Q1 Core Earnings Per Share $1.27
Friday, 27 Apr 2018 

April 26 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD REPORTS FIRST QUARTER 2018 INCOME FROM CONTINUING OPERATIONS, AFTER TAX, OF $428 MILLION ($1.18 PER DILUTED SHARE) AND CORE EARNINGS OF $461 MILLION ($1.27 PER DILUTED SHARE).Q1 CORE EARNINGS PER SHARE $1.27.Q1 EARNINGS PER SHARE $1.18 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE VIEW $1.07 -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE $1.64.AT QUARTER END, BOOK VALUE PER DILUTED SHARE OF $36.06 DECLINED 3% FROM DEC. 31, 2017.QTRLY P&C COMBINED RATIO OF 93.1 IMPROVED 4.3 POINTS FROM Q1 2017.QTRLY EARNED PREMIUMS $3,927 MILLION VERSUS $3,438 MILLION.  Full Article

Hartford Financial says Co Entered Into Amendment To $1 Bln 5-Yr Credit Agreement
Friday, 30 Mar 2018 

March 30 (Reuters) - Hartford Financial Services Group Inc ::HARTFORD FINANCIAL SERVICES GROUP - ‍ON MARCH 29, CO ENTERED INTO AMENDMENT TO $1 BILLION FIVE-YEAR CREDIT AGREEMENT DATED OCTOBER 31, 2014 - SEC FILING​.HARTFORD FINANCIAL SERVICES GROUP INC - ‍AMENDMENT PROVIDES FOR REDUCTION OF COMPANY'S MINIMUM CONSOLIDATED NET WORTH FINANCIAL COVENANT TO $9 BILLION​.HARTFORD FINANCIAL SERVICES GROUP-AMENDED CREDIT AGREEMENT WILL PROVIDE FOR REVOLVING LOANS AS WELL AS FOR ISSUANCE OF LETTERS OF CREDIT UP TO $750 MILLION​.HARTFORD FINANCIAL SERVICES GROUP-AMENDED CREDIT AGREEMENT WILL ALSO PERMIT CO TO REQUEST INCREASE OF CREDIT FACILITY BY UP TO ADDITIONAL $500 MILLION.  Full Article

The Hartford Amends $1 Billion Revolving Credit Facility
Thursday, 15 Mar 2018 

March 15 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD ANNOUNCES CLOSING OF $500 MILLION SENIOR NOTES OFFERING.HARTFORD FINANCIAL SERVICES - IN PROCESS OF AMENDING, EXTENDING REVOLVING CREDIT FACILITY, WITH REDUCTION IN SIZE OF FACILITY TO $750 MILLION​.  Full Article

Hartford Financial Services Commences Proposed Underwritten Offering Of Its Senior Notes
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Hartford Financial Services Group Inc ::HARTFORD FINANCIAL SERVICES GROUP INC SAYS COMMENCED A PROPOSED UNDERWRITTEN OFFERING OF ITS SENIOR NOTES - SEC FILING.HARTFORD FINANCIAL SERVICES - TO USE PORTION OF OFFERING'S NET PROCEEDS FOR FULL REPAYMENT AT MATURITY OF $320 MILLION AMOUNT OF 6.300% SENIOR NOTES DUE 2018.HARTFORD FINANCIAL SERVICES - EXPECTS TO ENTER INTO AMENDMENT TO ITS EXISTING CREDIT AGREEMENT WITH CERTAIN FINANCIAL INSTITUTIONS ON OR ABOUT MARCH END.HARTFORD FINANCIAL SERVICES - EXPECTED AMENDMENT ON OR ABOUT MARCH END WILL ALSO AUTOMATICALLY REPLACE CREDIT AGREEMENT WITH AN AMENDED, RESTATED ONE.HARTFORD FINANCIAL SERVICES - AMENDED, RESTATED CREDIT AGREEMENT IS EXPECTED TO DECREASE AGGREGATE PRINCIPAL AMOUNT OF FACILITY FROM $1 BILLION TO $750 MILLION.  Full Article

Hartford Q4 Loss Per Share $10.37
Friday, 9 Feb 2018 

Feb 8 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS AND ANNOUNCES 2018 OUTLOOK FOR SELECTED BUSINESS METRICS.Q4 CORE EARNINGS PER SHARE $0.81.Q4 LOSS PER SHARE $10.37.Q4 CONSOLIDATED EARNED PREMIUMS $3,801‍​ MILLION VERSUS. $3,479 MILLION.QTRLY BOOK VALUE PER DILUTED SHARE, EXCLUDING AOCI, $35.29 VERSUS. $45.24‍​.HARTFORD FINANCIAL SERVICES - QTRLY CONSOLIDATED NET INVESTMENT INCOME DECLINED 4% TO $394 MILLION, BEFORE TAX, FROM $412 MILLION, BEFORE TAX, IN Q4 2016.SEES FY2018 ‍COMMERCIAL LINES COMBINED RATIO BETWEEN 93.0 - 95.5​.‍SEES FY 2018 PERSONAL LINES COMBINED RATIO BETWEEN 96.0 - 98.0​.SEES FY 2018 ‍GROUP BENEFITS NET INCOME BETWEEN $275 MILLION - $295MLN​.  Full Article

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 Q2 loss per share $0.11
Friday, 28 Jul 2017 

July 27 (Reuters) - Hartford Financial Services Group Inc :Hartford reports second quarter 2017 net loss per diluted share of $0.11 and core earnings per diluted share of $1.04.Q2 core earnings per share $1.04.Q2 loss per share $0.11.Q2 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.Hartford Financial Services Group Inc - qtrly consolidated earned premiums $3,490 million versus $3,444 million.Hartford Financial Services Group Inc - book value per diluted share as of June 30, 2017 rose 6% compared with Dec. 31, 2016 to $46.84.Hartford Financial Services Group Inc - excluding AOCI, book value per diluted share as of June 30, 2017 increased 1% to $45.50.Hartford Financial Services Group Inc qtrly consolidated net investment income declined 3% to $715 million.  Full Article

BRIEF-Hartford Reports Q1 Core Earnings Per Share $1.27

* THE HARTFORD REPORTS FIRST QUARTER 2018 INCOME FROM CONTINUING OPERATIONS, AFTER TAX, OF $428 MILLION ($1.18 PER DILUTED SHARE) AND CORE EARNINGS OF $461 MILLION ($1.27 PER DILUTED SHARE)