| Hartford Financial
Earnings Call |
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Hartford Earnings Call, Fourth Quarter 2006
3rd July 2008 00:00 AM |
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| Net income rose 68% to $783 million or $2.42 a share driven by the company’s ability to deliver competitive and affordable products and services. |
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| The insurance company reported a 17% increase in assets under management to $378 billion from $323 billion in the prior year as the low catastrophe costs and strong underlying performance led to an outstanding combined ratio of 89.3%. In life operations, more than $12 billion of positive net flows in 2006 and good equity markets drove assets under management. The company plans to launch a new variable annuity product in 2007 to meet the evolving needs of Japanese annuity customers. |
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Hartford First Quarter Earnings Call
17th May 2008 00:00 AM |
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| The equity downturn scenario restrained the firm from buying back its own shares to preserve its capital strength in order to invest in operations. |
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| The diversified financial services firm reported net income of $145 million or 46 cents a share, down 83%, as assets under management rose 10% to $424 billion from $387 billion in the prior year. Hartford reported considerable capital losses this quarter, and returns on the alternative investment portfolio were well below expectations. Despite these headwinds, strong execution helped it to deliver a 9% increase in property and casualty ongoing operations underwriting income. |
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Hartford Financial Services Fourth Quarter Earnings Call
1st February 2008 00:00 AM |
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| The earnings for the quarter were $595 million or $1.88 per share versus $783 million or $2.42 per share in the prior year. |
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| Hartford Financial Services, a diversified financial services company, reported core earnings of $840 million as against $768 million in the prior year. During Q4, the firm witnessed good underlying profitability in its operations, despite the volatile credit market resulting in some capital losses. During 2007, the firm returned over $1.8 billion to shareholders through dividends and share repurchases. Hartford currently expects 2008 core earnings per share to be between $9.80 and $10.20. |
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The Hartford Financial Services Group First Quarter Earnings Call
3rd July 2007 00:00 AM |
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| Profit rose 20% to $876 million driven by the company's life insurance division. |
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| The financial services and insurance company reported operating earnings of $2.61 per share, beating analysts'' expectations of $2.37 per share. Property insurance division suffered from competition, pressing premiums for insurance policies. Net outflows from variable annuities totaled $583 million, better than a year ago, when more than $800 million flowed out of the investment products. For 2007, core earnings are expected to between $9.60 and $9.90 a share. |
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