January 8, 2018 / 9:25 PM / 9 months ago

BRIEF-Hartford Financial Services Group Sees $850 Mln Charge On Net Deferred Tax Assets​ Due To Lower U.S. Corporate Tax Rates

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 Source text for Eikon: Further company coverage:

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