Wealth management

In Brief: Earnings Up 41% at Hartford Financial

Published October 30, 2006, 2:00 a.m. EST

|

Updated October 27, 2006, 7:27 p.m. EDT

1 Min Read

The Hartford Financial Services Group Inc. announced Thursday that earnings rose 41% in the third quarter.

Processing Content

The Hartford, Conn., insurer said earnings reached $758 million, or $2.39 a share. The company said operating earnings, which analysts use to measure performance because it excludes realized capital gains and losses, were $727 million, or $2.30 a share. Analysts at Thomson First Call expected the insurer to earn $2.25 a share.

Hartford said it expects its core earnings for 2006 to be between $8.75 and $8.95 a share, up from its previous forecast of $8.50 to $8.80.

For reprint and licensing requests for this article, click here.

Wealth management

MORE FROM AMERICAN BANKER

Artificial intelligence

OpenAI will embed staff at Customers Bank under multiyear deal

The Pennsylvania-based regional bank said it will collaborate with OpenAI to deploy artificial intelligence across its commercial banking operations. OpenAI technical teams will be onsite to build custom AI capabilities.

By Allissa Kline
Reporter

10h ago
Politics and policy

Treasury to review CDFIs for 'violations'

The Treasury Department will look at recipients of awards from the Community Development Financial Institutions Fund for "potential violations of applicable law" as the Trump administration continues its campaign against alleged abuses related to the program.

By Claire Williams
Reporter

10h ago
Federal Reserve

Tillis drops Warsh objections after DOJ exits Powell case

Sen. Thom Tillis, R-N.C., said on Sunday that he no longer opposes Kevin Warsh's nomination to serve as chair of the Federal Reserve following the Justice Department's announced closure of its inquiry into current Fed Chair Jerome Powell.

By Claire Williams
Reporter

April 27
Stablecoin

Circle won't freeze stolen crypto. Tether will. Now what?

Banks weighing stablecoin partnerships need to know whose playbook regulators will endorse before another major crypto theft tests the question.

By Carter Pape
Technology Reporter

April 27
Community banking

For small banks using AI, good data is key

In order for artificial intelligence to be useful, it has to be powered by accurate information, three community-bank executives agreed at a virtual panel hosted by American Banker.

By Nathan Place
National Reporter

April 27
Interchange fees

OCC preempts Illinois swipe fee ban on taxes, tips

The Office of the Comptroller of the Currency issued an interim final rule Friday to clarify banks' leeway to charge interchange fees, explicitly blocking the applicability of a law passed in Illinois that would ban charging interchange fees on taxes and tips that goes into effect in July.

By Ebrima Santos Sanneh
Reporter

April 27

Load More