The Hartford

The Hartford

The Hartford

Overview
Date Founded

1985

Headquarters

ONE HARTFORD PLACE, HARTFORD, CT, 06155, USA

Type of Company

Public

Employees (Worldwide)

18.5K

Industries

Other Insurance Services
Insurance: Property & Casualty
Accounting & Financial Services
Consumer 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, Mutual Funds and Talcott Resolution. 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 Mutual Funds segment provides investment management, administration, distribution and related services. The Talcott Resolution segment is comprised of runoff business from the Company's U.S. annuity, international annuity, and institutional and private placement life insurance businesses, as well as the retirement plans and individual life businesses. 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

Co-Chief Financial Officer & Executive Vice President

Chief Financial Officer

Executive Vice President & General Counsel

Group Senior Vice President & General Counsel

Chief Marketing & Communications Officer

Executive Vice President & Chief Risk Officer

Chief Information Officer

Chief Human Resources Officer

Board of Directors

Chief Executive Officer at The Hartford

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

President & Director at Sprinklr, Inc.

Bed Bath & Beyond Inc.

Former Director at AEP Generating Co.

GasLog Partners LP

Former Chairman, President & Chief Executive Officer at Tenet Healthcare Corporation

Former Executive Officer & Director at Altegrity Holding Corp.

Chief Financial Officer & Executive Director at Diageo Plc

Former President & Chief Executive Officer at Reinsurance Group of America, Inc.

Paths to The Hartford
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The Hartford
Owners & Shareholders
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JPMorgan Investment Management's (JPMIM) investment approach is based on the premise that building an information advantage and capitalizing on it through active management is the key to investment success. The firm employs global fundamental research, quantitative valuation tools and bottom-up portfolio construction methods. Research analysts evaluate the US market by sector, while globally-based portfolio managers and analysts cover the international capital markets. JPMIM integrates the skills of their research analysts with those of experienced portfolio managers and economists to leverage information and choose the most fundamentally attractive investments. Investments are managed by teams, with portfolio managers working closely with research analysts. Portfolio managers typically purchase first and second quintile stocks while underweighting third, fourth and fifth quintile stocks. JPMIM looks for the stocks and ADRs of US and non-US companies with leadership positions in specialty niches, long-life product cycles, competitive cost structures, diversified client bases and significant insider ownership.

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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 invests 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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DZ PRIVATBANK is a value-based, long-term oriented manager which provides tailored investment and asset management services where client assets are invested in a broadly diversified portfolio of bonds and equities, which accounts for about 70 percent of the total investment and provides a basic yield with sufficient stability. The firm's experienced portfolio specialists and analysts monitor a wide range of material bond issuers, equities and commodities, as well as currencies in major economies around the world, providing a solid foundation for the value of client assets.

Recent Transactions
Details Hidden

The Hartford purchases The Navigators Group, Inc.

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

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The Hartford, Hartford Life & Accident Insurance Co. purchase Aetna, Inc. /Group Life & Disability Business from Aetna, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onThe Hartford purchases Hartford Life, Inc.

Underwriter

Advised onThe Hartford issued Common Stock

Underwriter

Advised onThe Hartford issued 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

Executive Managing Director, Financial Services at Newmark Knight Frank

Legal Advisor

Partner at Cleary Gottlieb Steen & Hamilton LLP

Clients

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 Insurance Company was founded in 1905 by William L. Moody, Jr. and is headquartered in Galveston, Texas. The Company has multiple subsidiaries, and has operations in Springfield, Missouri; Glenmont, New York; League City, Texas; and San Antonio, Texas. Throughout the company’s history, the Moody family members have maintained an active role in the direction of the company. Strong management and prudent reinvestment in the company’s growth have made the company a major provider of insurance and annuities. American National offers a broad variety of life insurance, retirement annuities, accident and health insurance, pension plan products and services, credit insurance, and property/casualty insurance for personal lines, agribusiness and targeted commercial exposures. Products are distributed through career agents, independent marketing organizations and multiple line exclusive agents as well as direct distribution channels. American National’s mission is to be the company of choice for insurance and other financial products and services while maintaining superior financial strength.

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. Its products and services include business lending, electronic payment processing, managed technology solutions (cloud computing), technology consulting, ecommerce, accounts receivable, inventory financing, personal and commercial lines insurance services, web services, data backup, storage and retrieval, and payroll and benefits solutions to small-and-medium sized businesses (SMB) accounts nationwide across all industries. The company was founded by Barry Sloane in 1998 and is headquartered in New York, NY.

Key Stats and Financials As of 2018
Market Capitalization
$22.2B
Total Enterprise Value
$21.2B
Earnings Per Share
$4.39
Revenue
$18.8B
Total Equity
$13.1B
Debt TEV
0.22x
Enterprise Value Sales
1.13x
Total Debt
$4.68B
Net Profit
$1.6B
TEVNet Income
13.21x
Three Year Compounded Annual Growth Rate Of Revenue
0.89%
Five Year Compounded Annual Growth Rate Of Revenue
-6.34%
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. operates 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
Details Hidden

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. Power & Utilities | Greenwich, Connecticut

Berkshire Hathaway, Inc. is engaged in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. 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 domestic real estate brokerage and brokerage franchisor. 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 involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; 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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