Hartford Q2 Net Loss Widens

(RTTNews) - The Hartford Financial Services Group, Inc. (HIG) reported a net loss for the second quarter of $467 million or $1.00 per share, compared to a net loss of $190 million or $0.39 per share for the year-ago quarter.

Second quarter 2014 net loss includes $617 million of loss on discontinued operations, after-tax, from the sale of the company's Japan annuity business.

Excluding items, core earnings for the second quarter was $144 million or $0.31 per share, down from $231 million or $0.47 per share in the prior year quarter.

Total revenue for the second quarter to $4.62 billion from $4.73 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.68 per share on revenue of $5.40 billion for the second quarter. Analysts' estimates typically exclude special items.