Date : 02/09/2010 @ 10:07AM
Source : Dow Jones News
Stock : Hartford Financial Services Group Inc. (HIG)
http://ih.advfn.com/p.php?pid=nmona&cb=1265731761&article=41456876&symbol=NY^HIG
Hartford Financial Services Group Inc. (HIG) is seeing signs of a gradual economic recovery, as midterm policy cancellations have stabilized and, if the trends hold, could see a "modest top-line benefit in 2010," said Liam McGee, Hartford's chief executive, during the company's earnings conference call Tuesday.
He said in April, at its investors meeting, the company will outline its capital plan for repaying the $3.4 billion in government assistance it received through the Capital Purchase Program.
"We recognize that the government's preferred stock is not permanent capital, and we will repay it," McGee said. "But as I have said previously, we will be prudent" in repaying it.
He said the company would balance the company's capital resources, shareholder dilution, the future impact on its business and the views of regulators.
Hartford posted a fourth-quarter profit of $557 million, or $1.19 a share, compared with a year-earlier loss of $806 million, or $2.71 a share.
Core earnings, excluding net realized and unrealized investment gains and losses, were $1.51 a share, compared with a year-earlier loss of 72 cents. Last month, Hartford said it expected $1.45 to $1.60, up from its November view.
The company said its guidance doesn't include potential changes in reserves from previous years, or changes in charges related to acquisition costs.
Recent HIG News
- The Hartford Announces Outstanding Second Quarter 2024 Financial Performance • Business Wire • 07/25/2024 08:15:00 PM
- The Hartford Declares Quarterly Dividends Of $0.47 Per Share Of Common Stock And $375 Per Share Of Series G Preferred Stock • Business Wire • 07/17/2024 08:15:00 PM
- The Hartford Announces Leadership Successions • Business Wire • 07/10/2024 10:50:00 AM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/20/2024 05:40:14 PM
- AM Best Revises Issuer Credit Rating Outlook to Positive for The Hartford Financial Services Group, Inc. and Its Subsidiaries • Business Wire • 06/18/2024 08:59:00 PM
- The Hartford’s Future of Benefits Study: Generational Perspectives On The Workplace From Boomers to Zoomers • Business Wire • 06/13/2024 01:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 08:18:48 PM
- The Hartford Appoints Kathleen Winters To Its Board Of Directors • Business Wire • 06/04/2024 08:15:00 PM
- The Hartford Introduces New Mental Health Resource For Its Group Benefits Customers In The Health Care Industry • Business Wire • 05/29/2024 01:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 08:27:16 PM
- The Hartford Declares Quarterly Dividends Of $0.47 Per Share Of Common Stock And $375 Per Share Of Series G Preferred Stock • Business Wire • 05/15/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:17:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:17:08 PM
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