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Hartford Reports $15 Million Quarterly Net Loss

 

Friday, Jul 31,2009, 10:10:18 AM   Click:

SAN FRANCISCO (MarketWatch) -- Hartford Financial Services (hig) reported a second-quarter net loss of $15 million late Wednesday, versus net income of $543 million a year earlier. The loss was 6 cents per common share, versus a profit of $1.73 per common share in the same period last year. Core earnings, which exclude things like net realized investment gains and losses, were $622 million in the latest period, down 11% from a year earlier. Core earnings available to common shareholders were $1.90 a share, versus $2.22 a share last year. Hartford was expected to make a profit of $1.16 a share, according to the average estimate of 18 analysts in a Thomson Reuters survey.

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