HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Wednesday reported first-quarter net income of $630 million.
The Hartford, Connecticut-based company said it had profit of $1.71 per share. Earnings, adjusted for non-recurring gains, came to $1.39 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The insurance and financial services company posted revenue of $4.94 billion in the period. Its adjusted revenue was $4.78 billion.
The Hartford shares have risen 16% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. In the final minutes of trading on Wednesday, shares hit $51.39, a decline of roughly 5% 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