Hartford Financial Services Group is a major player in the investment and insurance services market of the United States of America. From 1970 to 1995, it was part of the ITT Corporation. From 1913, through its subsidiary Accident and Indemnity Company, it also began to insure against accidents and losses. The main regions of activity are Europe, North America and Asia.
In 1970, the company was bought by ITT Corporation for $ 1.4 billion, and a subsidiary of ITT-Hartford Group, Inc. was formed on its basis. In 1995, this company became independent, and three years later the mention of ITT was removed from the name. In 2001, the company paid out over $ 850 million in connection with the September 11 attacks.
Christopher J. Swift;
Douglas G. Elliot — CEO since 2014.
The main divisions of the company:
Commercial Lines (commercial insurance) — insurance services for businesses mainly in the United States; insurance premiums in 2015 amounted to $ 6.6 billion, net profit — about $ 1 billion;
Personal Lines (private insurance) — insurance of individuals in the United States; insurance premiums — $ 3.9 billion;
Group Benefits (collective insurance) — insurance services for the labor collectives of companies; turnover — $ 3.5 billion, net profit — $ 187 million;
Mutual Funds — investment services both in the United States and in the international arena; turnover — $ 724 million, net profit — $ 86 million, assets under management — $ 92.8 billion;
Talcott Resolution (Talcott) — combines subsidiaries in the process of separation (in the US, Japan and the UK); turnover — $ 2.4 billion, net profit — $ 430 million.
The basis of the company’s revenue is insurance premiums (payments for insurance policies), in 2015 they accounted for $ 13.6 billion out of $ 18.4 billion in revenue, another $ 3 billion came from investment activities, and $ 1.8 billion came from service fees. Insurance payments for 2015 totaled $ 10.775 billion.
In addition, the company is engaged in asset management. Policies are distributed both through a network of their own agents (370 thousand) and through banks. Hartford ranked 270th, including 118th in terms of assets, 387th in terms of net profit, 481st in terms of turnover and 627th in terms of market capitalization. In addition, the company is engaged in asset management. Policies are distributed both through a network of their own agents (370 thousand) and through banks.
Official site: http://www.thehartford.com/