The Hartford 2012 Annual Report Download - page 164
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Table of Contents
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.
(In millions, except for per share data)
Earnings
Income (loss) from continuing operations, net of tax $(33) $ 626 $1,700
Less: Preferred stock dividends and accretion of discount 42 42 515
Add: Dilutive effect of preferred stock dividends — — 33
Net income (loss) $(38) $ 712 $ 1,636
Less: Preferred stock dividends and accretion of discount 42 42 515
Add: Dilutive effect of preferred stock dividends — — 33
Shares
Dilutive effect of warrants — 31.9 32.3
Dilutive effect of stock compensation plans — 1.1 1.3
Dilutive effect of mandatory convertible preferred shares — — 16.4
Earnings (loss) per common share
Income (loss) from continuing operations, net of tax, available to common shareholders $(0.17) $ 1.31 $2.75
Income (loss) from discontinued operations, net of tax (0.01)0.20 (0.15)
Income (loss) from continuing operations, net of tax, available to common shareholders $(0.17) $ 1.22 $ 2.53
Income (loss) from discontinued operations, net of tax (0.01)0.18 (0.13)
F-23