The Hartford

The Hartford

The Hartford

Overview
Date Founded

1985

Headquarters

1 Hartford Plaza,Hartford, CT 06155

Employees (Worldwide)

18.5K

Industries

Other Insurance Services
Holding Companies
Insurance: Life & Health
Insurance: Property & Casualty
Accounting & Financial Services

Company Description

The Hartford Financial Services Group, Inc. is an insurance and financial services company. The company provides life insurance, group and employee benefits, automobile and homeowners insurance and business insurance, as well as investment products, annuities, mutual funds, and college savings plans. It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits and Hartford Funds. The Commercial Lines segment provides workers compensation, property, automobile, liability and umbrella coverage under several different products, primarily throughout the U.S., within its standard commercial lines, which consists of The Hartford's small commercial and middle market lines of business. The Personal Lines segment includes automobile, homeowners and home-based business coverage to individuals across the U.S. The Property & Casualty Other Operations segment includes certain property and casualty operations, currently managed by the company, that have discontinued writing new business and substantially all of the company's asbestos and environmental exposures. The Group Benefits segment offers group life, accident and disability coverage, group retiree health and voluntary benefits to individual members of employer groups, associations, affinity groups and financial institutions. The Hartford Funds segment offers investment products for retail and retirement accounts and provides investment management and administrative services such as product design, implementation and oversight. The Hartford Financial Services Group was founded on May 10, 1810 and is headquartered in Hartford, CT.

Contact Data
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Executives & Employees

Chief Executive Officer

President

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Investment Officer

Executive Vice President & General Counsel

Group Senior Vice President & General Counsel

Chief Marketing Officer & Chief Communications Officer

Chief Risk Officer & Executive Vice President

Chief Information Officer

Chief Human Resources Officer & Executive Vice President

Board of Directors

Chief Executive Officer at The Hartford

Executive Vice President-General Counsel & Corporate Secretary at The Home Depot

Founder at Lardon & Associates LLC

Bed Bath & Beyond Inc.

President & Director at Sprinklr, Inc.

GasLog Partners LP

Former President at Allstate Insurance Company

Advisor at Believe Health, Inc.

Former Chairman & Chief Executive Officer at Southwestern Electric Power Co.

Chief Executive Officer, Executive Director at Diageo Plc

Paths to The Hartford
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The Hartford
Owners & Shareholders
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FMA utilizes a research driven, fundamental, value-oriented strategy for selecting investments. In choosing equity investments, the firm focuses on the market price of a company's securities relative to their evaluation of the company's asset value, including an analysis of book value, cash flow potential, long-term earnings and multiples of earnings of comparable securities of both public and private companies. Each investment is analyzed separately and there are no set criteria as to specific value parameters, asset size, earnings or industry type. Using a value-oriented strategy, each of the firm's funds invests mainly in undervalued stocks that are trading at a discount to their intrinsic value. To a lesser extent, their funds also invest in restructuring or distressed companies. FMA's funds are not limited to pre-set maximums governing the size of the companies in which they may invest. They invest the equity portion of its portfolio predominantly in mid- and large-cap companies, with the remaining portion of its equity portfolio in smaller companies.

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VGI is an active, long-term manager which aims to achieve maximum capital appreciation while mitigating general market risk by employing a hedged approach and taking short positions as well as long positions. The firm performs fundamental analysis to select investments primarily in public equity securities, but also in private equity and other financial instruments. They typically invest in companies located around the world that operate in a wide range of industries.

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H&W employs an active, team-based investment approach driven by in-house fundamental research and bottom-up security selection. The firm offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. Their investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. The goal of all H&W’s investment strategies is to provide clients with portfolios that offer attractive risk-adjusted returns relative to a specified benchmark. The firm seeks to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. For investments in fixed income securities, H&W develops an outlook for credit markets, interest rates, currency exchange rates and the economy, analyzes individual credit and call risks, and uses other security selection techniques. Their capital income strategies invest in equity and high yield fixed income securities that generate current income and are attractively valued.

Recent Transactions
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Fédérale Assurance purchases Navigators Holdings Europe NV /Ops from The Hartford

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The Hartford purchases The Navigators Group, Inc.

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Hartford Life, Inc. /Private Group, Cornell Capital LLC, Atlas Merchant Capital LLC purchase Hartford Life, Inc. from The Hartford

Insider Transactions
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Transaction Advisors
Accountant

Advised onThe Hartford purchases Hartford Life, Inc.

Underwriter

Advised onThe Hartford issued USD Common Stock

Underwriter

Advised onThe Hartford issued USD Common Stock

Legal Advisor

Advised onORIX Corp., Orix Life Insurance Corp. purchase Hartford Life Insurance KK from The Hartford

Legal Advisor

Advised onORIX Corp., Orix Life Insurance Corp. purchase Hartford Life Insurance KK from The Hartford

Legal Advisor

Advised onPrudential Financial, Inc., The Prudential Insurance Company of America, Inc. purchase Hartford Life, Inc. /Individual Life Insurance Business from The Hartford

Advisors & Consultants
Advisor

TSD helps companies, campaigns, and causes communicate clearly and effectively. The organization design strategic communications plans and offer a full portfolio of related services: crisis communications, litigation and regulatory support, communications reviews, speechwriting and media training.

Legal Advisor

Partner at DLA Piper

Advisor

Chief Investment Officer at Hartford Life Insurance Co. (Investment Portfolio)

Advisor

Regional Vice President, North Dallas, TX & Coppell & Fort Worth at Retirement Planners of America

Clients

Insperity, Inc. engages in the provision of human resources and business solutions. The firm offers payroll and employment administration, employee benefits, workers compensation, government compliance, performance management and training and development services. It also provides cloud-based software solutions including human capital management, payroll services, time and attendance, organizational planning, recruiting services, employment screening, expense management services, retirement services and insurance services. The company was founded by Paul J. Sarvadi in April 1986 and is headquartered in Kingwood, TX.

AmTrust Financial Services, Inc. was founded in 1998 to provide workers' compensation insurance to small businesses across the United States. Through acquisitions and organic growth, AmTrust Financial Services has since grown to become a multinational property and casualty insurer specializing in coverage for small- to mid-sized businesses. AmTrust’s financial stability is based upon a philosophy of niche diversity with a focus on low-hazard risk. Since its inception AmTrust has crafted a balanced portfolio of insurance products including: Multiline Small Business Insurance Program Business Insurance Extended Warranty and Specialty Risk Insurance In November 2006, the company became publicly traded on the NASDAQ Global Market under the symbol AFSI. With extensive underwriting experience and a prestigious "A" (Excellent) Financial Size IX rating from A.M. Best, AmTrust has earned a reputation as an innovative, technology driven provider of insurance products. Our commitment to excellence is the common thread connecting each of our businesses

American National Group, Inc. operates as an insurance company. It engages in the provision of life insurance, annuities, health insurance, credit insurance, pension products and property, and casualty insurance for personal lines, agribusiness, and commercial exposures. The company was founded in 1905 and is headquartered in Galveston, TX.

Key Stats and Financials As of 2020
Market Capitalization
$23.6B
Total Enterprise Value
$22.6B
Earnings Per Share
$4.76
Revenue
$20.5B
Total Equity
$18.6B
Net Profit
$1.74B
Three Year Compounded Annual Growth Rate Of Revenue
6.53%
Enterprise Value / Sales
1.1x
TEVNet Income
12.99x
Debt TEV
0.2x
Total Debt
$4.57B
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
$1,408
12/31/2012
Political Donations
Investments
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Cape Analytics, Inc. provides data and analytics solutions. The firm leverages geospatial imagery, computer vision and machine learning to instantly and automatically extract proprietary data. The company was founded by Ryan Kottenstette and Suat Gedikli in 2014 and is headquartered in Palo Alto, CA.

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Bid4Assets, Inc. engages in the operation of an online real estate auction website. It auctions value-priced real estate, foreclosed houses, county tax sale property, and government seized assets. The company was founded by Jay French, Norman Understein, and P. Richard Zitelman in 1999 and is headquartered in Silver Spring, MD.

Investors
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Founder at The Charles Schwab Corp.

Suppliers
AARP, Inc. (District of Columbia) Social Interest | Washington, DC

AARP Uncertainty is the new normal. Americans age 50 and over face choices and pressures unlike those of any other age group — choices no one could have prepared for. Older workers suffer the largest increase in long-term unemployment, the longest spells of joblessness and the least likelihood of finding jobs. Many are living paycheck to paycheck, and one in four workers has burned through his or her savings. Having worked hard, paid taxes and served their country and communities, they find themselves in circumstances far beyond what they could have prepared for. Many of them are one step short of economic catastrophe. Those who are 50 and over and struggling need a voice and an advocate now more than ever. AARP Foundation — a charitable affiliate of AARP — serves that purpose. Building on AARP's reputation and expertise, AARP Foundation has the ability to support and work with local organizations and programs nationwide to coordinate, fill in the gaps and help effective initiatives grow. This multiplier effect ensures we don't duplicate resources or reinvent the wheel. By 2030, one in every five Americans will be age 65 or older. Let's not wait until poverty becomes a way of life they can never escape. Through the programs of AARP Foundation, we can give struggling Americans 50 and over a chance to recover their confidence, regain a foothold and stay on track. The more we do now, the less we'll have to do later.

International Bancshares Corp. Retail & Commercial Banking | Laredo, TX

International Bancshares Corp. is a financial holding company, which provides banking services for commercial, consumer, and international customers of South, Central, and Southeast Texas and the State of Oklahoma. It engages in the business of banking, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. It also offers other related services, such as credit cards, travelers' checks, safety deposit, collection, notary public, escrow, drive-up and walk-up facilities and other customary banking services. The company was founded in 1979 and is headquartered in Laredo, TX.

Berkshire Hathaway, Inc. Other Insurance Services | Greenwich, Connecticut

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Awards & Honors
Rank #152
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #152
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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