HARTFORD, Conn. (AP) — In a story Thursday about Hartford Financial Services Group Inc.’s results, The Associated Press reported erroneously that the company’s full-year revenue was $16.81 billion. It was $16.97 billion.
A corrected version of the story is below:
The Hartford reports 4Q loss
The Hartford reports fourth-quarter loss of $3.7 billion
Most Read Business Stories
- Washington state no longer has the nation’s fastest-climbing home prices
- Google expanding again in Seattle, with new tower next to Amazon
- Trump’s trade spat is rattling China’s leaders and economy
- Boeing's monthly 737 deliveries tumble to lowest since 2012 on factory jam
- We're seeing the biggest threats to the economic expansion in years | Jon Talton
HARTFORD, Conn. (AP) — The Hartford Financial Services Group Inc. (HIG) on Thursday reported a loss of $3.7 billion in its fourth quarter.
The Hartford, Connecticut-based company said it had a loss of $10.37 per share. Earnings, adjusted for one-time gains and costs, came to 81 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The insurance and financial services company posted revenue of $4.54 billion in the period. Its adjusted revenue was $4.48 billion.
For the year, the company reported a loss of $3.13 billion, or $8.61 per share, swinging to a loss in the period. Revenue was reported as $16.97 billion.
The Hartford shares have decreased 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has fallen 3.5 percent. In the final minutes of trading on Thursday, shares hit $53.34, a rise of 13 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIG at https://www.zacks.com/ap/HIG