HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Wednesday reported second-quarter earnings of $905 million.
On a per-share basis, the Hartford, Connecticut-based company said it had net income of $2.51. Earnings, adjusted for non-recurring gains, were $2.33 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The insurance and financial services company posted revenue of $5.59 billion in the period. Its adjusted revenue was $3.57 billion.
The Hartford shares have risen 24% since the beginning of the year, while the S&P's 500 index has increased 17%. In the final minutes of trading on Wednesday, shares hit $60.81, an increase of 50% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIG at https://www.zacks.com/ap/HIG
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