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Hartford Financial Services Group Incde (HIG) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Hartford Financial Services Group Incde

CIK: 874766 Ticker: HIG


        
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NEWS RELEASE


The Hartford Reports Fourth Quarter And Full Year 2017 Financial Results And Announces 2018 Outlook For Selected Business Metrics

Fourth quarter 2017 net loss of $3.7 billion, or $10.37 per share, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and an $877 million charge due to the reduction in the U.S. corporate tax rate

Fourth quarter 2017 core earnings* of $293 million, or $0.81 per diluted share*, including current accident year catastrophe losses of $179 million, before tax, or $116 million, after tax ($0.32 per diluted share), primarily due to wildfires in California

Property & Casualty (P&C) combined ratio of 98.4 in fourth quarter 2017, including 6.8 points of current accident year catastrophe losses; P&C underlying combined ratio* of 93.2, reflecting continued improvement in personal auto profitability offset by a higher expense ratio and a higher Commercial Lines loss ratio

Group Benefits fourth quarter 2017 net income of $109 million, including a benefit from the reduction in the U.S. corporate tax rate; core earnings of $67 million

The Hartford announces its 2018 outlook for selected business metrics, including improved combined ratios in Commercial Lines and Personal Lines, a slight decrease in Group Benefits net income and modestly lower P&C net investment income

HARTFORD, Conn., Feb. 8, 2018 – The Hartford (NYSE: HIG) reported a
fourth quarter 2017 net loss of $3.7 billion compared with a net loss of $81 million in fourth quarter 2016. The fourth quarter 2017 net loss resulted from a $3.1 billion loss on discontinued operations related to the previously-announced agreement to sell Talcott Resolution, the company's life and annuity run-off business, and an $877 million charge due to the reduction in the U.S. corporate tax rate that was effective Jan. 1, 2018. Fourth quarter 2017 net loss per share was $10.37 compared with a net loss per share of $0.22 in fourth quarter 2016.

* Denotes financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this news release under the heading Discussion of Non-GAAP Financial Measures


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The following information was filed by Hartford Financial Services Group Incde (HIG) on Thursday, February 8, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hartford Financial Services Group Incde's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule I Summary Of Investments - Other Than Investments In Affiliates
Schedule I Summary Of Investments - Other Than Investments In Affiliates (details)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services, Inc.
Schedule Ii Condensed Financial Information Of The Hartford Financial Services, Inc. - Balance Sheet (details)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services, Inc. - Cash Flow Disclosures (details)
Schedule Ii Condensed Financial Information Of The Hartford Financial Services, Inc. - Statements Of Operations (details)
Schedule Iii Supplementary Insurance Information
Schedule Iii Supplementary Insurance Information (details)
Schedule Iv Reinsurance
Schedule Iv Reinsurance (details)
Schedule V Valuation And Qualifying Accounts
Schedule V Valuation And Qualifying Accounts (details)
Schedule Vi Supplementary Information Concerning Property And Casualty Insurance Operations
Schedule Vi Supplementary Information Concerning Property And Casualty Insurance Operations (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Changes In Stockholders' Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Basis Of Presentation And Significant Accounting Policies
Basis Of Presentation And Significant Accounting Policies (details)
Business Acquisitions
Business Acquisitions - Additional Information (details)
Business Acquisitions (tables)
Business Acquisitions - Assets Acquired And Liabilities Assumed (details)
Business Acquisitions - Fair Value Of Consideration Transferred (details)
Business Acquisitions - Intangible Assets Acquired As Part Of Acquisition (details)
Business Acquisitions - Pro Forma Information (details)
Business Dispositions And Discontinued Operations
Business Dispositions And Discontinued Operations - Additional Information (details)
Business Dispositions And Discontinued Operations (tables)
Business Dispositions And Discontinued Operations - Cash Flows From Discontinued Operations (details)
Business Dispositions And Discontinued Operations - Major Classes Of Assets And Liabilities Transferred By The Company To The Buyer In Connection With Sale (details)
Business Dispositions And Discontinued Operations - Reconciliation Of The Major Line Items Constituting Pretax Profit (loss) Of Discontinued Operations (details)
Changes In And Reclassifications From Accumulated Other Comprehensive Income (loss)
Changes In And Reclassifications From Accumulated Other Comprehensive Income (loss) (tables)
Changes In And Reclassifications From Accumulated Other Comprehensive Income (loss) - Aoci Rollforward (details)
Changes In And Reclassifications From Accumulated Other Comprehensive Income (loss) - Reclassification From Aoci (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (details)
Commitments And Contingencies - Lease Commitments (details)
Debt
Debt - Short-term And Long-term Debt By Issuance (details)
Debt (tables)
Debt - Additional Information (details)
Debt - Junior Subordinated Debt (details)
Debt - Long-term Debt Maturities (details)
Deferred Policy Acquisition Costs
Deferred Policy Acquisition Costs (details)
Deferred Policy Acquisition Costs (tables)
Derivatives
Derivatives (tables)
Derivatives - Additional Information (details)
Derivatives - Cash Flow Hedges (details)
Derivatives - Credit Risk Assumed Through Credit Derivatives (details)
Derivatives - Derivative Balance Sheet Classification (details)
Derivatives - Fair Value Hedges - Non-qualifying Strategies (details)
Derivatives - Offsetting Derivative Assets And Liabilities (details)
Earnings Per Common Share
Earnings Per Common Share - Computation Of Basic And Diluted Earnings Per Common Share (details)
Earnings Per Common Share (tables)
Employee Benefit Plans
Employee Benefit Plans (tables)
Employee Benefit Plans - Amounts Recognized In The Consolidated Balance Sheets (details)
Employee Benefit Plans - Assumptions, Additional Information (details)
Employee Benefit Plans - Benefit Payments (details)
Employee Benefit Plans - Cash Flows (details)
Employee Benefit Plans - Change In Benefit Obligation (details)
Employee Benefit Plans - Change Plan Assets (details)
Employee Benefit Plans - Components Of Net Periodic Benefit Cost (benefit) And Other Amounts Recognized In Other Comprehensive Income (loss), Additional Information (details)
Employee Benefit Plans - Defined Benefit Pension Plans With An Accumulated Benefit Obligations In Excess Of Plan Assets (details)
Employee Benefit Plans - Defined Benefit Plan, Information About Plan Assets (details)
Employee Benefit Plans - Health Care Cost Trend Rate (details)
Employee Benefit Plans - Investment And Savings Plan, Additional Information (details)
Employee Benefit Plans - Net Periodic Benefits Cost And Other Recognized In The Oci (details)
Employee Benefit Plans - Obligations And Funded Status, Additional Information (details)
Employee Benefit Plans - Weighted Average Assumptions Used In Calculating The Benefits Obligations And Net Amount Recognized (details)
Employee Benefit Plans - Weighted Average Assumptions Used In Calculating The Net Periodic Benefit Cost (details)
Equity
Equity (tables)
Equity - Capital Purchase Program, Additional Information (details)
Equity - Dividend Restrictions, Additional Information (details)
Equity - Equity Repurchase Program, Additional Information (details)
Equity - Regulatory Capital Requirements, Additional Information (details)
Equity - Restricted Net Assets, Additional Information (details)
Equity - Statutory Results (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (details)
Fair Value Measurements - Changes In Unrealized Gains (losses) Included In Net Income For Financial Instruments Classified As Level 3 Still Held At Year End (details)
Fair Value Measurements - Fair Value By Hierarchy (details)
Fair Value Measurements - Fair Value Option (details)
Fair Value Measurements - Fair Value Recurring Basis, Unobservable Input (details)
Fair Value Measurements - Financial Instruments Not Carried At Fair Value (details)
Fair Value Measurements - Significant Unobservable Inputs - Securities (details)
Fair Value Measurements - Significant Unobservable Inputs Freestanding Derivatives (details)
Goodwill & Other Intangible Assets
Goodwill & Other Intangible Assets - Goodwill Carrying Value (details)
Goodwill & Other Intangible Assets (tables)
Goodwill & Other Intangible Assets - Expected Amortization Expense (details)
Goodwill & Other Intangible Assets - Other Intangible Assets (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (details)
Income Taxes - Deferred Tax Assets (liabilities) (details)
Income Taxes - Effective Income Tax Rate Reconciliation (details)
Income Taxes - Future Tax Benefits (details)
Income Taxes - Unrecognized Tax Benefit (expense) (details)
Income Taxes Income Tax Expense (benefit) (details)
Investments
Investments (tables)
Investments - Additional Information (details)
Investments - Available-for-sale Securities (details)
Investments - Commercial Mortgage Loans Credit Quality (details)
Investments - Mortgage Loans By Region And Property Type (details)
Investments - Mortgage Loans- Valuation Allowance Activity (details)
Investments - Net Investment Income (details)
Investments - Net Realized Capital Gains (details)
Investments - Other Than Temporary Impairment (details)
Investments - Sales Of Available For Sale Securities (details)
Investments - Securities Lending And Repurchase Agreements (details)
Investments - Unrealized Losses On Afs Securities (details)
Quarterly Results (unaudited)
Quarterly Results (unaudited) (details)
Quarterly Results (unaudited) (tables)
Reinsurance
Reinsurance (tables)
Reinsurance - Reinsurance Recoverables (details)
Reinsurance - Additional Information (details)
Reinsurance - Insurance Revenue (details)
Reserve For Future Policy Benefits
Reserve For Future Policy Benefits (details)
Reserve For Future Policy Benefits (tables)
Reserve For Unpaid Losses And Loss Adjustment Expenses
Reserve For Unpaid Losses And Loss Adjustment Expenses (tables)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Additional Information (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Average Annual Payout Of Incurred Claims By Age, Group (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Average Annual Payout Of Incurred Claims By Age, P&c (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Discounted Reserves, Group (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Discounted Reserves, P&c (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Group Benefits Liabilities For Unpaid Losses And Loss Adjustment Expenses (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Historical Loss Development Triangles, Group (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Historical Loss Development Triangles, P&c (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - P&c Liabilities For Unpaid Losses And Loss Adjustment Expenses (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Prior Accident Years Reserve Development (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Reconciliation Of Loss Development To Liability For Unpaid Losses And Loss Adjustment Expenses, Group (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Reconciliation Of Loss Development To Liability For Unpaid Losses And Loss Adjustment Expenses, P&c (details)
Segment Information
Segment Information - Revenues (details)
Segment Information (tables)
Segment Information - Additional Information (details)
Segment Information - Amortization Of Deferred Policy Acquisition Costs (details)
Segment Information - Amortization Of Other Intangible Assets (details)
Segment Information - Assets (details)
Segment Information - Income Tax Expense (details)
Segment Information - Net Income (details)
Segment Information - Net Investment Income (details)
Significant Accounting Policies (policies)
Stock Compensation Plans
Stock Compensation Plans (tables)
Stock Compensation Plans - Additional Information (details)
Stock Compensation Plans - Performance Shares (details)
Stock Compensation Plans - Stock Compensation Plans (details)
Stock Compensation Plans - Stock Option Awards (details)
Stock Compensation Plans - Total Share Awards (details)
Ticker: HIG
CIK: 874766
Form Type: 10-K Annual Report
Accession Number: 0000874766-18-000011
Submitted to the SEC: Fri Feb 23 2018 4:27:29 PM EST
Accepted by the SEC: Fri Feb 23 2018
Period: Sunday, December 31, 2017
Industry: Fire Marine And Casualty Insurance

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