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Stock impact report

HIG Posts Q4 Earnings Beat on Higher Premiums & Investment Income [Yahoo! Finance]

Hartford Financial Services Group, Inc. (The) (HIG) 
Last hartford financial services group, inc. (the) earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.thehartford.com
Company Research Source: Yahoo! Finance
HIG's operating revenues rose 8.9% year over year to $5.2 billion on the back of improved earned premiums, fee income, and investment income. The top line beat the consensus mark by 1.4%. Financial results benefited from higher net investment income, favourable prior accident year development (PYD) and lower P&C catastrophe losses. Also, higher earned premium, and improvement in the Personal Insurance underlying loss and LAE ratio benefited the results, partially offset by increased expense ratios in Employee Benefits and P&C. The Hartford Insurance Group, Inc. price-consensus-eps-surprise-chart | The Hartford Insurance Group, Inc. Quote Earned premiums amounted to $6.1 billion, which advanced 5.7% year over year but fell short of the Zacks Consensus Estimate by 0.3%. Net investment income increased 16.5% year over year to $832 million, exceeding the consensus estimate by 11.9%. The outperformance was driven by higher income from limited partnerships and other alternative inv Show less Read more
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