The Hartford Financial Services Group Inc. said today it suffered a third-quarter net loss of $2.6 billion, its first losing quarter in five years.
The Hartford company released results after Wall Street’s close, but in after-hours trading early in the evening its shares were at $19.86, up 64 cents, or 3.3 percent.
The loss of $8.74 per diluted share was in contrast to third-quarter 2007 net income of $851 million, or $2.68 per diluted share.
The Hartford earlier this month said it expected to post a huge third-quarter loss due to huge storm and investment losses.
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The company also slashed its dividend in conjunction with a $2.5 billion capital infusion from German insurance giant Allianz SE.
