The Hartford 2013 Annual Report Download - page 158

F-22
3. Earnings (Loss) per Share
The following table presents a reconciliation of net income (loss) and shares used in calculating basic earnings (loss) per common share to
those used in calculating diluted earnings (loss) per common share.
For the years ended December 31,
(In millions, except for per share data) 2013 2012 2011
Earnings
Income (loss) from continuing operations
Income (loss) from continuing operations, net of tax $ 310 $ (100) $ 573
Less: Preferred stock dividends 10 42 42
Income (loss) from continuing operations, net of tax, available to common
shareholders 300 (142) 531
Income (loss) from discontinued operations, net of tax (134) 62 139
Net income (loss)
Net income (loss) 176 (38) 712
Less: Preferred stock dividends 10 42 42
Net income (loss) available to common shareholders $ 166 $ (80) $ 670
Shares
Weighted average common shares outstanding, basic 447.7 437.7 445.0
Dilutive effect of warrants 32.2 — 31.9
Dilutive effect of stock compensation plans 4.5 — 1.1
Weighted average shares outstanding and dilutive potential common shares 484.4 437.7 478.0
Earnings (loss) per common share
Basic
Income (loss) from continuing operations, net of tax, available to common shareholders $ 0.67 $ (0.32) $ 1.19
Income (loss) from discontinued operations, net of tax (0.30) 0.14 0.32
Net income (loss) available to common shareholders $ 0.37 $ (0.18) $ 1.51
Diluted
Income (loss) from continuing operations, net of tax, available to common shareholders $ 0.62 $ (0.32) $ 1.11
Income (loss) from discontinued operations, net of tax (0.28) 0.14 0.29
Net income (loss) available to common shareholders $ 0.34 $ (0.18) $ 1.40
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)