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Hartford Financial Profit Tops Estimates

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.

By Reuters | Updated on February 04, 2014

(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.

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