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Hartford Financial Services Group Incde (HIG) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Hartford Financial Services Group Incde

CIK: 874766 Ticker: HIG


        
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NEWS RELEASE


The Hartford Reports First Quarter 2018 Income From Continuing Operations, After Tax, Of $428 Million ($1.18 Per Diluted Share) And Core Earnings Of $461 Million ($1.27 Per Diluted Share)

Income from continuing operations, after tax, of $428 million, or $1.18 per diluted share, rose from $303 million, or $0.80 per diluted share, in first quarter 2017 primarily due to stronger Commercial Lines and Personal Lines property and casualty (P&C) underwriting results, as well as higher consolidated net investment income and a lower U.S. corporate income tax rate

Core earnings* were $461 million, or $1.27 per diluted share, up from $288 million, or $0.76 per diluted share, in first quarter 2017 due to core earnings growth in the Commercial Lines, Personal Lines, Group Benefits and Mutual Funds segments

P&C combined ratio of 93.1 improved 4.3 points from first quarter 2017, including lower catastrophe losses and favorable prior accident year development (PYD); P&C underlying combined ratio* of 90.3 decreased 0.9 point from first quarter 2017, including better results in both Commercial Lines and Personal Lines

Book value per diluted share of $36.06 declined 3% from Dec. 31, 2017 primarily due to the impact of higher interest rates; book value per diluted share excluding accumulated other comprehensive income (AOCI)* was $36.71, up 4%


* 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

HARTFORD, Conn., April 26, 2018 – The Hartford (NYSE: HIG) reported
first quarter 2018 income from continuing operations, after tax, of $428 million compared with $303 million in first quarter 2017. The $125 million increase was due to higher Commercial Lines and Personal Lines P&C underwriting results, including lower catastrophe losses and favorable PYD, and increased consolidated net investment income, partially offset by a net realized capital loss compared with a net realized capital gain in first quarter 2017. In addition, income tax expense declined despite an increase in income from continuing operations before income taxes due to the reduction in the U.S.

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The following information was filed by Hartford Financial Services Group Incde (HIG) on Thursday, April 26, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Hartford Financial Services Group Incde's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Hartford Financial Services Group Incde's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document - Entity Information
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity Condensed Consolidated Statements Of Changes In Stockholders' Equity (unaudited)
Condensed Consolidated Statements Of Comprehensive Income (unaudited)
Condensed Consolidated Statements Of Operations (unaudited)
Consolidated Statements Of Cash Flows
- Fair Value Recurring Basis, Unobservable Input (details)
Accumulated Other Comprehensive Income Loss Level 1 Changes In And Reclassifications From Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income Loss Level 3 (tables)
Accumulated Other Comprehensive Income Loss Level 4 -aoci Rollforward (details)
Accumulated Other Comprehensive Income Loss Level 4- Reclassifications From Aoci (details)
Basis Of Presentation And Accounting Policies Level 1 (notes)
Basis Of Presentation And Accounting Policies Level 2 (policies)
Basis Of Presentation And Accounting Policies Level 4 (details)
Basis Of Presentation And Accounting Policies Revenue Subject To Updated Guidance (tables)
Business Acquisitions
Business Acquisitions - Additional Information (details)
Business Acquisitions (tables)
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)
Commitments And Contingencies - Additional Information (details)
Commitments And Contingencies Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies - Derivative Instruments (details)
Debt Level 1 Debt (notes)
Debt Level 4 (details)
Earnings (loss) Per Common Share Level 1 Earnings Per Common Share (notes)
Earnings (loss) Per Common Share Level 3 (tables)
Earnings (loss) Per Common Share Level 4 Computation Of Basic And Diluted Earnings Per Common Share (detail)
Employee Benefit Plans - Components Of Net Periodic Benefit Cost (benefit)
Employee Benefit Plans (tables)
Employee Benefit Plans Employee Benefit Plans
Equity Level 4 Capital Purchase Program Warrants (details)
Goodwill & Other Intangible Assets
Goodwill & Other Intangible Assets Finite-lived Intangible Assets (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (details)
Income Taxes - Effective Income Tax Rate Reconciliation (details)
Income Taxes - Future Tax Benefits (details)
Income Taxes - Unrecognized Tax Benefit (expense) (details)
Investments - Additional Information (details)
Level 1 Derivatives
Level 1 Equity (notes)
Level 1 Fair Value Measurements
Level 1~investments
Level 3 (tables)
Level 3 Derivatives (tables)
Level 3~investments (tables)
Level 4- Additional Information (details)
Level 4- Changes In Unrealized Gains (losses) Included In Net Income For Financial Instruments Classified As Level 3 Still Held At Year End (details)
Level 4- Fair Value By Hierarchy (details)
Level 4- Fair Value Option (details)
Level 4- Financial Instruments Not Carried At Fair Value (details)
Level 4- Significant Unobservable Inputs - Securities (details)
Level 4- Significant Unobservable Inputs Freestanding Derivatives (details)
Level 4~derivatives - Additional Information (details)
Level 4~derivatives - Cash Flow Hedges (details)
Level 4~derivatives - Credit Risk Assumed Through Credit Derivatives (details)
Level 4~derivatives - Derivative Balance Sheet Classification (details)
Level 4~derivatives - Fair Value Hedges - Non-qualifying Strategies (details)
Level 4~derivatives - Offsetting Derivative Assets And Liabilities (details)
Level 4~investments - Available-for-sale Securities (details)
Level 4~investments - Commercial Mortgage Loans Credit Quality (details)
Level 4~investments - Mortgage Loans By Region And Property Type (details)
Level 4~investments - Mortgage Loans- Valuation Allowance Activity (details)
Level 4~investments - Net Realized Capital Gains (details)
Level 4~investments - Other Than Temporary Impairment (details)
Level 4~investments - Securities Lending And Repurchase Agreements (details)
Level 4~investments - Unrealized Losses On Afs Securities (details)
Reserve For Unpaid Losses And Loss Adjustment Expenses (tables)
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 Reserve For Unpaid Losses And Loss Adjustment Expenses
Reserves For Future Policy Benefits (details)
Reserves For Future Policy Benefits (tables)
Reserves For Future Policy Benefits Reserve For Future Policy Benefits
Segment Information (tables)
Segment Information - Additional Information (details)
Segment Information - Net Income (details)
Segment Information - Revenues (details)
Segment Information Segment Information
Ticker: HIG
CIK: 874766
Form Type: 10-Q Quarterly Report
Accession Number: 0000874766-18-000023
Submitted to the SEC: Thu Apr 26 2018 4:39:42 PM EST
Accepted by the SEC: Thu Apr 26 2018
Period: Saturday, March 31, 2018
Industry: Fire Marine And Casualty Insurance

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