Connecticut based insurance and financial services firm, Hartford Financial Group Inc reported a loss of $15 million for the quarter ended June 30, a loss of 6 cents per share.

However, Hartford's second quarter operating profits appeased worried investors. A rebound in the stock markets helped Hartford with a gain worth $360 million.

Company's core earnings stood at $622 million or $1.90 per share, up from $1.16 per share, average projected by analysts.

Company's core earnings for the second quarter of the previous year stood at $696 million or $2.22 per share.

Hartford's Q2 results are seen as an improvement because company posted a greater-than-expected loss of $1.2 billion in the earlier quarter.

Net investment income dropped to $1 billion, down 17% as compared with last year's figures.

Hartford received government's approval in May to take part in $700 billion bailout program.

Hartford hopes its core earnings for 2009 would remain between 0 to 20 cents per share.

In the regular session, Hartford shares closed at $14.96, up 1.36% and in the after market trading, shares soared around 3%.