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The Hartford Swings to Q1 Loss

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Insurance provider The Hartford (NYSE: HIG  ) results have been released for its Q1. For the quarter, total revenues were $9.2 billion, up considerably from the $7.7 billion in the same period the previous year. The story was different on the bottom line, however, with the company swinging to a loss of $241 million ($0.58 per diluted share), after booking a profit of $96 million ($0.18) in Q1 2012. Core earnings fared better, coming in at $456 million in the black during this most recent quarter, which bettered the $426 million of the year-ago period.

The Hartford had recently cautioned that it would see a loss for the period. Much of the shortfall was attributable to a pair of onetime charges totaling nearly $680 million.

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Related Tickers

9/29/2016 4:02 PM
HIG $42.35 Down -0.57 -1.33%
Hartford Financial… CAPS Rating: ****