Hartford Financial (HIG) said that for the quarter ended March 31, 2010, the company expects to incur a charge of about $20 million related to a decrease in deferred tax assets as a result of recent federal health care legislation that will reduce the tax deduction available to Hartford related to retiree health care costs beginning in 2013.
Hartford added that its net unrealized losses associated with real estate related assets declined from about $3.9 billion as of December 31, 2009, to about $3.3 billion as of February 28, 2010, largely as a result of improved market pricing and, to a lesser extent, interest rate declines.
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