Hartford Financial Services Group Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Hartford Financial Services Group Inc. (HIG) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $542 million, or $1.73 per share. This compares with $439 million, or $1.32 per share, in last year's second quarter.

Excluding items, Hartford Financial Services Group Inc. reported adjusted earnings of $588 million or $1.88 per share for the period.

Analysts on average had expected the company to earn $1.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.7% to $6.05 billion from $5.37 billion last year.

Hartford Financial Services Group Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $542 Mln. vs. $439 Mln. last year. -EPS (Q2): $1.73 vs. $1.32 last year. -Analyst Estimate: $1.85 -Revenue (Q2): $6.05 Bln vs. $5.37 Bln last year.