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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 Financial Services Group Q2 Core Earnings Per Share $1.13
Friday, 27 Jul 2018 

Hartford Financial Services Group Inc ::THE HARTFORD REPORTS SECOND QUARTER 2018 INCOME FROM CONTINUING OPERATIONS, AFTER TAX, OF $1.19 PER DILUTED SHARE AND CORE EARNINGS OF $1.13 PER DILUTED SHARE.Q2 CORE EARNINGS PER SHARE $1.13.Q2 EARNINGS PER SHARE $1.19 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $1.03 -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE $1.60.QUARTER-END BOOK VALUE PER DILUTED SHARE OF $34.44 DECLINED 7% FROM DEC. 31, 2017.QTRLY EARNED PREMIUMS $3,958 MILLION VERSUS $3,455 MILLION.Q2 2018 CONSOLIDATED NET INVESTMENT INCOME INCREASED 8% TO $428 MILLION, BEFORE TAX.  Full Article

The Hartford Announces 20 Pct Increase To Quarterly Dividend
Friday, 20 Jul 2018 

July 19 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD ANNOUNCES 20 PERCENT INCREASE TO QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.30PER SHARE.  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

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U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict

Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to customers and their families who claimed that asbestos-contaminated talc caused ovarian cancer.