Their recent hedging program to mitigate future loss from the previous variable annuities sold, is a important positive result for this company moving forward. I am sure there were many funds that shunned away from HIG because of the potential future losses incurred. Big step in the right direction, IMO.
The actual beat by .10, is encouraging. Anxious for the CC tomorrow for full details and explanations from the CEO. I have no idea how we trade tomorrow but more important, the company/management certainly seems to be in a good turn around mode. Great improvements from several years prior.
the earnings beat estimates by 10 cents it was the write off on talmutt resolution on business that will not be reoccurring. ongoing was fantastic. CC will address this and I will be surprised if it is not up tomorrow. too many people only look at bottom number and don't read the whole thing.
CEO was just on CNBC and very extremely positive and upbeat about current and ongoing business. Stock should react positively tomorrow and may be beyond expectations after CC.
Great stock to have a position.