What To Expect From Hartford’s Q1 2016 Earnings
Hartford Financial (NYSE:HIG) is scheduled to report its Q1 2016 earnings on Thursday, April 28. The company reported robust results in the previous quarter, with core earnings increasing 4% year-over-year (y-o-y) to $445 million on the back of solid growth in the commercial property and casualty (P&C) business, which offset weaknesses in the personal P&C business and Talcott Resolution. We expect Hartford’s Q1 revenues to grow at 1-2% y-o-y and core earnings to decline y-o-y to around $450 million. During 2015, the company’s P&C business reported an underlying combined ratio – the ratio of claims and expenses to premiums earned, excluding catastrophe losses and prior year development reserves – of 91%, showing an improvement of 50 basis points over the previous year. A ratio above 100% indicates underwriting losses, whereas below 100% means the company is making an underwriting profit.
Have more questions about HIG? See the links below:
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- How Has HIG’s Revenue Composition Changed In The Last Five Years?
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