FX.co ★ Hartford Financial Services Group Inc. Q4 Profit Increases, beats estimates

Hartford Financial Services Group Inc. has reported an increase in earnings for its fourth quarter, surpassing the previous year's results and outperforming Wall Street predictions. The firm's net income stood at $766 million, translating to $2.51 per share, a significant increase compared to the $587 million or $1.82 per share recorded in the same quarter of the previous year. After adjusting for exceptional items, the company's earnings amounted to $935 million or $3.06 per share. On average, analysts had anticipated earnings of $2.44 per share, based on data gathered by Thomson Reuters, but these predictions typically do not factor in unique items. The firm reported a 6.3% increase in quarterly revenue, reaching $6.40 billion, up from $6.02 billion from the prior year. To summarize, Hartford Financial Services Group Inc.'s fourth-quarter earnings are as follows (according to GAAP): Net income of $766 million vs. $587 million from the previous year, earnings per share (EPS) of $2.51 vs. $1.82 from the previous year, with analysts estimating $2.44, and a revenue of $6.40 billion compared to $6.02 billion from the previous year.