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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 Updates on Catastrophe Impacts from Camp Fire
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Hartford Financial Services Group Inc ::HARTFORD FINANCIAL SERVICES GROUP INC - EXPECTS Q4 2018 CURRENT ACCIDENT YEAR NET CATASTROPHE IMPACTS OF $350 MILLION TO $365 MILLION, BEFORE TAX.HARTFORD FINANCIAL SERVICES - AFTER TAX, Q4 CURRENT ACCIDENT YEAR NET CATASTROPHE IMPACTS ARE ESTIMATED AT APPROXIMATELY $275 MILLION TO $290 MILLION.  Full Article

Hartford Reports Q3 2018 Financial Results
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD REPORTS THIRD QUARTER 2018 INCOME FROM CONTINUING OPERATIONS, AFTER TAX, OF $1.17 PER DILUTED SHARE AND CORE EARNINGS OF $1.15 PER DILUTED SHARE.Q3 CORE EARNINGS PER SHARE $1.15.Q3 EARNINGS PER SHARE $1.17 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $1.06 -- THOMSON REUTERS I/B/E/S.QTRLY P&C COMBINED RATIO OF 97.3 DECREASED 9.8 POINTS FROM Q3 2017.QUARTER-END BOOK VALUE PER DILUTED SHARE OF $34.95 DECLINED 6% FROM DEC. 31, 2017.QTRLY NET INVESTMENT INCOME INCREASED 10% TO $444 MILLION.QTRLY CONSOLIDATED EARNED PREMIUMS $3,987 MILLION.  Full Article

The Hartford Signs Agreement To Acquire Navigators
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Hartford Financial Services Group Inc ::THE HARTFORD SIGNS AGREEMENT TO ACQUIRE NAVIGATORS, A GLOBAL SPECIALTY UNDERWRITER.THE HARTFORD SAYS DEAL EXPECTED TO BE ACCRETIVE TO HARTFORD'S NET INCOME AND CORE EARNINGS IN 2020.THE HARTFORD SAYS HAS SUFFICIENT EXISTING RESOURCES TO FUND DEAL, BUT WILL CONSIDER ALTERNATIVE SOURCES OF CAPITAL BEFORE CLOSING.HARTFORD - DEAL EXPECTED TO RESULT IN IMMATERIAL REDUCTION IN 2019 NET INCOME BEFORE CONSIDERING IMPACT OF DEAL-RELATED CHARGES.THE HARTFORD SAYS EXCLUDING ITEMS, CO EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO 2019 NET INCOME.  Full Article

Hartford Financial Services Group Q2 Core Earnings Per Share $1.13
Thursday, 26 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
Thursday, 19 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
Monday, 8 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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Utility stocks slump as California wildfires leave hundreds missing

SAN FRANCISCO California utility stocks plummeted for a second day on Monday after deadly wildfires killed at least 31 people and left hundreds missing, with property losses estimated at over $2 billion and the companies facing potential liability.