The Hartford

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The Hartford Financial Services Group is a leading provider of wealth management services and insurance products.  Founded in 1810, The Hartford has global operations and serves both individuals and businesses as customers.

The Hartford's insurance businesses operate in the areas of property and casualty insurance, life insurance and investments.  Property and Casualty lines include auto insurance, homewoners insurance and disability insurance.

On the life insurance side, The Hartford offers life and disability insurance.  

Investment-related offerings include mutual funds, annuities, individual retirement accounts (IRAs) and college savings plans.

Historically, The Hartford has had a strong presence as a leader and innovator in the variable annuity market.  Recently, however, The Hartford made decisions to exit the annuity market.

The Hartford Product Reviews
Products Offered

General Information
Websitewww.thehartford.com
TypeInsurance Company
Founded1810
Ownership
CountryUSA
Contact Information
Address
Hartford, CT 6155
Phone860-547-5000
Fax

Information & Articles about The Hartford

The Hartford Seeks to Avoid Repeat of 2008

The 2008 financial crisis hit the Hartford Financial Services Group harder than many of its peers.

At a recent investor meeting, executives from The Hartford discussed how the company has positioned itself to avoid a repeat of 2008—largely through de-risking of its balance sheet.

The following is a high-level representation of changes in the composition of assets in The Hartford’s investment portfolio:

Personal Retirement Manager Exchange Program Opportunity

The Hartford Financial Services Group has apparently sent a letter directly to annuity owners informing them of the "opportunity" to trade their older variable annuity contracts for new and repriced variable annuities.

Some industry observers consider the letter and offer self-serving at best.  Apparently many of the older contracts contain the type of impossibly rich benefits that created so much of the recent trouble at the Hartford.

Variable Annuity Sales in U.S. Post Largest Gain in Two Years

U.S. variable annuity sales totaled $35.5 billion in the second quarter of 2010.  This represents an 11 percent increase from the same period in 2009, and the gain is the largest since 2007.

Prudential was the leader during the period with $5.3 billion in sales--a significant increase relative to $3.38 billion during the same period the previous year.

Variable annuity sales at AIG increased 45 percent to $1.58 billion.

While efforts are made to keep information on this page accurate and updated, the information shown on this page may be variable or out of date. Always check the issuing company's website or other public data listings for the latest information applicable to you as actual information may vary.

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