The Hartford Comments On Fourth Quarter 2018 Catastrophe Losses
HARTFORD, Conn.--(BUSINESS WIRE)--Dec 5, 2018--The Hartford today announced that it currently expects fourth quarter 2018 current accident year net catastrophe impacts of $350 million to $365 million, before tax, including the Camp and Woolsey fires in California and Hurricane Michael. After tax, fourth quarter current accident year net catastrophe impacts are estimated at approximately $275 million to $290 million.
The Hartford will release fourth quarter 2018 financial results on Monday, Feb. 4, 2019, after the close of the market and will host a webcast to discuss these results at 9 a.m. EST on Tuesday, Feb. 5, 2019. The webcast, along with an audio replay and transcript, will be available for at least one year on the investor relations section of the company’s website, https://ir.thehartford.com.
About The Hartford
The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. Follow us on Twitter at www.twitter.com/TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Conn. For additional details, please read The Hartford’s legal notice.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward looking statements include estimates of catastrophe losses. We caution investors that these forward-looking statements are not guarantees and actual financial results, including catastrophe losses, may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2017 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005334/en/
Sabra Purtill, CFA
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE OTHER PROFESSIONAL SERVICES
SOURCE: The Hartford
Copyright Business Wire 2018.
PUB: 12/05/2018 06:45 AM/DISC: 12/05/2018 06:45 AM