The Hartford Financial Service Group Inc. reported for 2008 it had losses of $2.7 billion for the year and an $806 million net loss for the fourth quarter.
On a per share basis the loss amounted to $2.71 per diluted share for the quarter and $8.99 per diluted share for the year.
The Hartford also announced it intends to reduce its quarterly dividend to 5 cents per share, which the company estimates would save about $350 million annually.
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