WASHINGTON (dpa-AFX) - Hartford Financial Services Group Inc. (HIG) reported second-quarter net loss of $101 million or $0.26 per share, compared to a net income of $33 million or $0.05 per share last year.
Core earnings for the second quarter rose to $119 million or $0.23 per share from $14 million or $0.01 per share in the comparable quarter last year. On average, 16 analysts polled by Thomson Reuters expected earnings of $0.47 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues for the quarter dropped to $4.57 billion from $5.40 billion in the year-ago quarter.
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