The Hartford gets $3.4 billion Treasury investment

Insurance company The Hartford Financial Services Group Inc. said Thursday it received preliminary approval for a $3.4 billion investment by the Treasury Department under the government's $700 billion financial industry rescue program...

...Shares of The Hartford rose $2.19, or 17.4 percent, to close Thursday at $14.75. The stock was up another $1.10, or 7.5 percent to $15.85 in aftermarket electronic trading.

Last week, The Hartford posted a a $1.2 billion first-quarter loss, due mostly to a big charge related to reduced expectations for profit from its variable annuity business...

Forbes: The Hartford gets $3.4 billion Treasury investment