The Hartford Hit With $3.7B Loss in Q4

The Hartford has reported a fourth quarter net loss of $3.7 billion, compared to a net loss of $81 million in fourth quarter 2016. The company said the loss was driven mainly from a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution,  the company's life and annuity run-off business. There was also an $877 million charge due to the reduction in the U.S. corporate tax rate, the company said. For the full year, the company reported a net loss of $3.1 billion, compared to a net income of $896 million for full year 2016. In additi...