Hartford Financial Services Group Inc. Q1 Profit Increases, beats estimates

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

The company's bottom line came in at $440 million, or $130 per share. This compares with $244 million, or $0.67 per share, in last year's first quarter.

Excluding items, Hartford Financial Services Group Inc. reported adjusted earnings of $561 million or $1.66 per share for the period.

Analysts on average had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $5.39 billion from $5.30 billion last year.

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

-Earnings (Q1): $440 Mln. vs. $244 Mln. last year. -EPS (Q1): $130 vs. $0.67 last year. -Analyst Estimate: $1.54 -Revenue (Q1): $5.39 Bln vs. $5.30 Bln last year.