Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hartford Says Senior Debt Buyback to Cut Profit by $200 Million

March 27 (Bloomberg) -- Hartford Financial Services Group Inc., the insurer scaling back its life business to focus on property-casualty coverage, said first-quarter earnings will be cut by about $200 million as part of a deal to repurchase debt.

The pretax cost is associated with the tender offer for senior debt with a principal amount of $800 million, according to a Business Wire statement today from Hartford, which is based in the Connecticut city of the same name.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.