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Hartford to take $850M charge on tax law

Published 01/08/2018, 04:39 PM
© Reuters.  Hartford to take $850M charge on tax law
HIG
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  • The cut in the corporate rate means a lower value on Hartford's (NYSE:HIG) deferred tax asset, and the company expects to take a Q4 charge in the area of $850M. The charge, of course, won't affect core earnings, and the future economic impact of the tax cuts is expected to be positive.
  • Q4 results are also expected to see $180M of net catastrophe losses, or $117M after tax.
  • Source: Press Release
  • Now read: The Hartford Financial Services (HIG) Announces Agreement To Sell Talcott Resolution - Slideshow


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