hartford financial svcs grp (HIG) Key Developments
The Hartford Financial Services Group, Inc. Provides Dividend Guidance for the Year 2016
Jul 28 15
The Hartford Financial Services Group, Inc. expects to pay $500 million dividend in early 2016.
The Hartford Financial Services Group, Inc. Announces Consolidated Earnings Results for the Second Quarter Ended June 30, 2015
Jul 27 15
The Hartford Financial Services Group, Inc. announced consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported core earnings of $389 million, an increase of $245 million from $144 million in second quarter 2014. The increase was primarily due to improved underwriting results in Property & Casualty (P&C) and higher core earnings in Talcott Resolution. Core earnings per diluted share was $0.91 compared with $0.31 in second quarter 2014, reflecting increased core earnings as well as the 9% decrease in weighted average diluted common shares outstanding over the past 12 months due to the company's equity repurchases. Net income totaled $413 million compared with a net loss of $467 million in second quarter 2014. For the quarter, the company reported earned premiums of $3,391 million against $3,319 million a year ago. Net investment income was $796 million against $768 million a year ago. Total revenues were $4,685 million against $4,616 million a year ago. Income from continuing operations before income taxes was $470 million against $150 million a year ago. Net income available to common shareholders per diluted share was $0.96 against net loss available to common shareholders per diluted share of $1.00 a year ago.
The Hartford Financial Services Group, Inc. Declares a Quarterly Dividend, Payable on October 1, 2015
Jul 27 15
The board of directors of The Hartford Financial Services Group, Inc. declared a quarterly dividend of $0.21 per share of common stock, payable on October 1, 2015, to shareholders of record at the close of business on September 1, 2015. This represents an increase of $0.03 per share, or 17%, over the prior quarterly dividend.
The Hartford Names A. Morris Mo Tooker as Executive Vice President and Chief Underwriting Officer, Effective from July 21, 2015
Jul 20 15
The Hartford has named A. Morris Mo Tooker as executive vice president and chief underwriting officer for the company’s property and casualty businesses, effective July 21, 2015. Tooker will report to Doug Elliot, president of the company. Tooker will oversee underwriting across the company‘s Small Commercial, Middle Market, Large Commercial and Personal Lines segments. He will lead development of the company’s underwriting approach for new markets and growth areas. Tooker brings more than 23 years of global insurance and reinsurance experience with General Reinsurance Corporation. In his most recent role as president of Gen Re, Tooker was responsible for the company’s global property and casualty reinsurance business.
The Hartford Announces Executive Appointments
Jul 13 15
The Hartford has appointed two accomplished leaders to its Personal Lines management team to drive strategic growth initiatives. Mary Boyd will join The Hartford as senior vice president and head of the Personal Lines direct channel, effective July 14, 2015. This is a new role that combines direct sales, marketing and service in one team. Casey Campbell rejoins The Hartford on July 20, 2015, as senior vice president and head of the Personal Lines agency channel. Both positions will report to Ray Sprague, executive vice president of Personal Lines. Boyd joins The Hartford from ACE, where she most recently served as the executive vice president of ACE Private Risk Services and previously served as chief operating officer and chief administrative officer. Prior to that, Boyd led the turnaround and re-launch of Explorer Insurance Company, and held positions of increasing responsibility in the personal insurance business of Chubb Group of Insurance. Campbell returns to The Hartford from ACE where she helped the organization enter new domestic and international markets and integrate acquisitions. Most recently, she led Operations and IT for ACE's Latin America region with responsibilities spanning eight countries.