Hartford Financial Services Group Inc. Announces 15% Retreat In Q1 Bottom Line

(RTTNews) - Hartford Financial Services Group Inc. (HIG) revealed a profit for first quarter that retreated compared to the same period last year.

The company said its profit dropped to $385 million, or $0.95 per share. This was lower than $452 million, or $1.04 per share, in last year's first quarter.

Analysts had expected the company to earn $1.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $4.39 billion. This was down from $4.62 billion last year.

Hartford Financial Services Group Inc. earnings at a glance:

-Earnings (Q1): $385 Mln. vs. $452 Mln. last year. -Earnings Decline (Y-o-Y): -14.8% -EPS (Q1): $0.95 vs. $1.04 last year. -EPS Decline (Y-o-Y): -8.7% -Analysts Estimate: $1.01 -Revenue (Q1): $4.39 Bln vs. $4.62 Bln last year. -Revenue Change (Y-o-Y): -5.0%