Last $35.25 USD
Change Today -0.62 / -1.73%
Volume 3.0M
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As of 4:15 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

hartford financial svcs grp (HIG) Snapshot

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07/3/14 - $36.87
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hartford financial svcs grp (HIG) Details

The Hartford Financial Services Group, Inc., through its subsidiaries, provides insurance and financial services to individual and business customers primarily in the United States and Japan. The company’s Property & Casualty Commercial segment offers workers’ compensation, property, automobile, marine, livestock, liability, and umbrella coverages, as well as customized insurance products and risk management services, including professional liability, fidelity, surety, and specialty casualty coverages. Its Consumer Markets segment provides standard automobile, homeowners, and personal umbrella coverages to individuals. The company’s Property & Casualty Other Operations segment manages property and casualty insurance. Its Group Benefits segment offers group life, accident and disability coverage, group retiree health, and voluntary benefits to employers, associations, affinity groups, and financial institutions. The company’s Mutual Funds segment provides mutual funds for retail and retirement accounts; and investment-management and administrative services, such as product design, implementation, and oversight, as well as includes the runoff of the mutual funds supporting the company's variable annuity products. This segment distributes open-end funds and 529 college savings plans to national and regional broker-dealer organizations, banks and other financial institutions, independent financial advisors, and registered investment advisors; and The Hartford’s funds to professional buyers, such as broker-dealers, consultants, record keepers, and bank trust groups. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.

18,800 Employees
Last Reported Date: 02/28/14
Founded in 1810

hartford financial svcs grp (HIG) Top Compensated Officers

Chief Executive Officer, Member of the Board ...
Total Annual Compensation: $825.0K
Total Annual Compensation: $750.0K
Executive Chairman, Member of Enterprise Risk...
Total Annual Compensation: $1.1M
Executive Vice President, General Counsel and...
Total Annual Compensation: $622.5K
Chief Risk Officer, Executive Vice President ...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2013.

hartford financial svcs grp (HIG) Key Developments

The National Federation of Independent Business Announces New Partnership with the Hartford to Offer Small Business Insurance Solutions

The National Federation of Independent Business (NFIB) announced a new partnership with The Hartford to offer its members a broad range of commercial insurance products and coverages to protect their businesses and employees. The NFIB/Hartford partnership offers a number of advantages for NFIB members, including: Best-in-class business insurance coverages, including Workers' Compensation (dependent upon state), Business Owner's Policy (business property and business liability coverage) and Business Auto insurance. Flexible coverage & service options with cost effective packages which can be tailored for specific industry needs. First-class customer service with 24/7 access. Industry leading claims handling capabilities.

The Hartford Financial Services Group, Inc. Approves Amendments to the Amended and Restated By-Laws

The Hartford Financial Services Group, Inc. announced that on June 8, 2014, the Board approved an amendment to the company’s Amended and Restated By-laws, effective June 9, 2014, principally to permit the roles of Chairman and Chief Executive Officer of the company to be separated and certain related matters. The By-laws previously provided that the Chairman shall be the Chief Executive Officer of the company.

The Hartford Announces Management Changes, with Effective from July 1, 2014

The Hartford announced that Christopher J. Swift has been appointed chief executive officer of the company and a member of the company's board of directors and that Douglas G. Elliot has been named president. Liam E. McGee, currently chairman, president and chief executive officer, continues in his role as executive chairman of the board until the next annual shareholders' meeting. The company also appointed Beth A. Bombara to succeed Swift in the chief financial officer role. The appointments are effective July 1, 2014. Swift joined the company in March 2010 and is currently executive vice president and chief financial officer. Previously he held various senior leadership and finance roles at American International Group. Elliot joined the company in April 2011 as president of commercial markets. Before that he served as president of Hartford Steam Boiler, a subsidiary of Munich Re, and was a senior advisor with Aspen Insurance Holdings. Bombara has been president of Talcott Resolution since July 2012 and prior to that served as senior vice president and controller for the company. She joined the company in April 2004. Prior to that, Bombara was a senior manager in Deloitte & Touche LLP's audit practice and was a partner at Arthur Andersen LLP.


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