Company
The Hartford Financial Services Group, Inc.
Headquarters: Hartford, CT, United States
Founded: 1810
Employees: 18,100
CEO: Mr. Christopher Jerome Swift CPA
Market Cap
$29.46 Billion
USD as of July 1, 2024
The Hartford Financial Services Group, Inc. Categories
United States Financials Insurance—DiversifiedUnited States Financials United States Insurance—Diversified
Company Description
The Hartford Financial Services Group, Inc., more simply known as The Hartford, is an investment and insurance company. Founded in 1910 and headquartered in Hartford, Connecticut, the company conducts property and casualty operations, group benefits, and mutual funds, selling its products and services primarily through a network of agents and brokers. It is also involved in auto and home insurance.
Top Competitors by Market Capitalization
Industry: Insurance—Diversified
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|---|---|
| Allianz SE | $110.54 B |
| AXA SA | $77.31 B |
| Zurich Insurance Group AG | $75.40 B |
| American International Group, Inc. | $49.03 B |
| Generali | $39.71 B |
Sector:
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| Berkshire Hathaway | $887.16 B |
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| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
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Stocks & Indices
The Hartford Financial Services Group, Inc. has the following listings and related stock indices.
Stock: NYSE: HIG wb_incandescent
Stock: FSX: HFF wb_incandescent
Stock: NYSE: HIG-G wb_incandescent
Stock: XETR: HFF wb_incandescent
Stock: XSTU: HFF wb_incandescent
Product & Services
Automobile insuranceProperty insuranceGeneral liability insuranceWorkers' compensationGroup benefitsMutual funds
Key People
Christopher J. Swift (Chairman & CEO) Beth A. Costello (Executive VP & CFO) Scott R. Lewis (Senior VP & Controller) Doug Elliot (President)
Financials
Revenue: US$20.74 billion (2019)
Operating income: US$2.82 billion (2019)
Net income: US$2.09 billion (2019)
Total assets: US$70.82 billion (2019)
Total equity: US$16.27 billion (2019)