(Reuters) - Hartford Financial Services Group's quarterly profit exceeded analysts' average expectation as it benefited from lower disaster losses, and the insurer announced a new $2 billion share buyback plan.
The company, whose shares rose 4 percent in extended trading, also said it would repay $656 million of debt over 2014 and 2015.
Hartford said it expects 2014 core earnings of $1.65-$1.75 billion, excluding net favorable items. It earned $1.74 billion in 2013.
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