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Sep 30, 2020
The Hartford Q3 2020 Earnings Report
The Hartford's Q3 2020 financial results were announced, showcasing core earnings of $527 million and EPS of $1.26. The company faced challenges from COVID-19 and catastrophe losses but demonstrated underlying business strength.
Key Takeaways
The Hartford reported a net income of $453 million, or $1.26 per diluted share, a 14% decrease from Q3 2019. Core earnings were $527 million, or $1.46 per diluted share, a 4% decrease from Q3 2019. The results reflect improving underlying margins offset by challenges from the global pandemic and catastrophe losses.
Net income available to common stockholders decreased by 14% to $453 million, or $1.26 per diluted share.
Core earnings declined by 4% to $527 million, or $1.46 per diluted share.
Incurred losses from COVID-19 were $72 million before tax, with $37 million in P&C and $35 million in Group Benefits.
Catastrophe losses in Q3 2020 were $229 million before tax, impacting the P&C combined ratio by 7.6 points.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document. The document states that the company is well positioned to continue to effectively manage through these unprecedented times.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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