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Hartford Financial Services Group Incde (HIG) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Hartford Financial Services Group Incde

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CIK: 874766 Ticker: HIG


        
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NEWS RELEASE


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

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Income from continuing operations, after tax, totaled $427 million compared with third quarter 2017 income from continuing operations, after tax, of $145 million ($0.40 per diluted share)

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Core earnings* were $418 million, up from $130 million ($0.35 per diluted share*) in third quarter 2017, due to higher income from the Commercial Lines, Personal Lines, Group Benefits and Mutual Funds segments, including the favorable impact of a lower U.S. corporate tax rate, and a lower Corporate core loss

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Property and casualty (P&C) combined ratio of 97.3 decreased 9.8 points from third quarter 2017 due to lower current accident year catastrophe losses, higher favorable prior year development (PYD) and a better underlying combined ratio*; P&C underlying combined ratio of 93.2 improved 0.7 point from third quarter 2017 due to stronger Personal Lines margins

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Group Benefits net income of $77 million and core earnings of $102 million rose 8% and 55%, respectively, from third quarter 2017 due to premium growth and increased net investment income, both in large part due to the fourth quarter 2017 acquisition, and a lower effective tax rate

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Book value per diluted share of $34.95 declined 6% from Dec. 31, 2017 due to lower net unrealized capital gains from higher interest rates and the impact of the removal of accumulated other comprehensive income (AOCI) related to the sale of Talcott Resolution; book value per diluted share (excluding AOCI)* was $39.12, up 11% due to net income in excess of common stock dividends

* 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., October 25, 2018 – The Hartford (NYSE: HIG) reported
third quarter 2018 income from continuing operations, after tax, of $427 million compared with $145 million in third quarter 2017. The $282 million increase was due to higher Commercial Lines, Personal Lines, Group Benefits and Mutual Funds income, including the benefit of a lower U.S. corporate tax rate, and a

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The following information was filed by Hartford Financial Services Group Incde (HIG) on Thursday, October 25, 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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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 (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Operations (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited)
Accumulated Other Comprehensive Income Loss (Tables)
Accumulated Other Comprehensive Income Loss - Aoci Rollforward (Details)
Accumulated Other Comprehensive Income Loss - Reclassifications From Aoci (Details)
Basis Of Presentation And Significant Accounting Policies
Basis Of Presentation And Significant Accounting Policies (Details)
Basis Of Presentation And Significant Accounting Policies (Tables)
Business Acquisitions
Business Acquisitions (Tables)
Business Acquisitions - Additional Information (Details)
Business Acquisitions - Pro Forma Information (Details)
Business Acquisitions -Fair Value Of Assets Acquired And Liabilities Assumed At The Acquisition Date (Details)
Business Dispositions And Discontinued Operations
Business Dispositions And Discontinued Operations (Tables)
Business Dispositions And Discontinued Operations - Additional Information (Details)
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)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Derivative Instruments (Details)
Debt
Debt - Debt (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Derivatives - Additional Information (Details)
Derivative Instruments - Derivatives - Cash Flow Hedges (Details)
Derivative Instruments - Derivatives - Credit Risk Assumed Through Credit Derivatives (Details)
Derivative Instruments - Derivatives - Derivative Balance Sheet Classification (Details)
Derivative Instruments - Derivatives - Fair Value Hedges - Non-Qualifying Strategies (Details)
Derivative Instruments - Derivatives - Offsetting Derivative Assets And Liabilities (Details)
Earnings (Loss) Per Common Share (Tables)
Earnings (Loss) Per Common Share - Computation Of Basic And Diluted Earnings Per Common Share (Detail)
Earnings Per Common Share
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Components Of Net Periodic Benefit Cost (Benefit) (Details)
Equity
Equity - Capital Purchase Program Warrants (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
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 Freestanding Derivatives (Details)
Fair Value Measurements - Significant Unobservable Inputs Securities (Details)
Fair Value Measurements - Transfers Between Levels &Amp; Contingent Consideration (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
Investments (Tables)
Investments - Investments - Available-For-Sale Securities (Details)
Investments - Investments - Commercial Mortgage Loans Credit Quality (Details)
Investments - Investments - Mortgage Loans By Region And Property Type (Details)
Investments - Investments - Mortgage Loans- Valuation Allowance Activity (Details)
Investments - Investments - Net Realized Capital Gains (Details)
Investments - Investments - Other Than Temporary Impairment (Details)
Investments - Investments - Securities Lending And Repurchase Agreements (Details)
Investments - Investments - Unrealized Losses On Afs Securities (Details)
Investments - Investments - Vies And Other Collateral Transactions (Details)
Other Intangible Assets
Other Intangible Assets - Finite-Lived Intangible Assets (Details)
Reserve For Future Policy Benefits
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 - Gb Additional Information (Details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - Gb Liabilities For Unpaid Losses And Loss Adjustment Expenses (Details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - P&Amp;C Additional Information (Details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - P&Amp;C Liabilities For Unpaid Losses And Loss Adjustment Expense (Details)
Reserve For Unpaid Losses And Loss Adjustment Expenses - P&Amp;C Prior Accident Years Reserve Development (Details)
Reserves For Future Policy Benefits (Details)
Reserves For Future Policy Benefits (Tables)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Net Income (Details)
Segment Information - Revenues (Details)
Significant Accounting Policies (Policies)
Stock Compensation Plans
Stock Compensation Plans - Stock Compensation Plans (Details)
Ticker: HIG
CIK: 874766
Form Type: 10-Q Quarterly Report
Accession Number: 0000874766-18-000057
Submitted to the SEC: Thu Oct 25 2018 12:23:26 AM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Fire Marine And Casualty Insurance

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