The Hartford

2018-09-22T17:12:12Z

2601:199:C380:300:98AC:F1D0:59F5:F934:

{{refimprove|date=April 2012}}
{{Infobox company
| name = The Hartford Financial Services Group, Inc.
| logo = The Hartford Financial Services Group logo.svg
| type = [[Public company|Public]]
| traded_as = {{ubl|class=nowrap|{{NYSE|HIG}}|[[S&P 500|S&P 500 Component]]}}
| industry = {{ubl|class=nowrap|[[Insurance]]|[[Mutual fund]]s}}
| foundation = {{start date and age|1810}}
| location = [[Hartford, Connecticut]], [[United States|U.S.]]
| key_people = {{ubl|class=nowrap
| Christopher J. Swift | {{small|(Chairman & CEO)}}
| Beth A. Bombara | {{small|(Executive VP & CFO)}}
| Scott R. Lewis | {{small|(Senior VP & Controller)}}}}
| products = {{ubl|class=nowrap
| [[Vehicle insurance|Automobile insurance]]
| [[Property insurance]]
| [[Liability insurance|General liability insurance]]
| [[Workers' compensation]]
| [[Group insurance|Group benefits]]
| [[Mutual fund]]s}}
| revenue = {{nowrap|{{increase}} [[US$]] 16.97 billion {{small|(2017)}}}}
| operating_income = {{nowrap|{{increase}} [[US$]] 1.04 billion {{small|(2017)}}}}
| net_income = {{nowrap|{{decrease}} [[US$]] -3.13 billion {{small|(2017)}}}}
| assets = {{nowrap|{{increase}} [[US$]] 225.26 billion {{small|(2017)}}}}
| equity = {{nowrap|{{decrease}} [[US$]] 13.49 billion {{small|(2017)}}}}
| num_employees = {{nowrap|~16,400 {{small|(2017)}}}}
| homepage = {{URL|https://www.thehartford.com|TheHartford.com}}
| footnotes = <ref name=10K2017>{{cite web|url=https://www.sec.gov/Archives/edgar/data/874766/000087476618000011/hig1231201710-kdocument.htm|title=US SEC: Form 10-K The Hartford Financial Services Group, Inc.|publisher=[[U.S. Securities and Exchange Commission]]|accessdate=March 12, 2018}}</ref>
}}

'''The Hartford Financial Services Group, Inc.''', usually known as '''The Hartford''', is a United States-based investment and [[insurance]] company. The Hartford is a [[Fortune 500]] company headquartered in its namesake city of Hartford, Connecticut. It was ranked at 152nd position in [[Fortune 500]] in the year of 2017. The company’s earnings are divided between [[Property insurance|property]]-and-[[Casualty insurance|casualty]] operations, [[Group insurance|group benefits]] and [[mutual funds]].

The Hartford is the 12th-largest property and casualty company in the United States.<ref>{{Cite web|url=http://www.insurancebusinessmag.com/us/news/breaking-news/these-are-the-top-25-propertycasualty-insurance-companies-in-the-us-32630.aspx|title=These are the top 25 property/casualty insurance companies in the US|last=Bronson|first=Caitlin|website=Insurance Business|access-date=2017-08-14}}</ref> They sell products primarily through a network of agents and brokers, and have also been the auto and home insurance writer for [[AARP]] members for more than 25 years.<ref>http://www.naic.org/documents/web_market_share_140303_2013_property_lob.pdf</ref><ref>{{Cite news|url=https://www.forbes.com/sites/greatspeculations/2015/06/29/a-look-at-hartfords-homeowners-insurance-business/#1b58f5d5422c|title=A Look At Hartford's Homeowners' Insurance Business|last=Team|first=Trefis|work=Forbes|access-date=2017-08-14|language=en}}</ref>

==History==
[[File:The Hartford (May, 1875 calendar postcard) (14222377016).jpg|thumbnail|right|1875 postcard calendar for the Hartford Accident Insurance Co.]]
The Hartford was founded in 1810 in [[Hartford]], [[Connecticut]]. A group of local merchants gathered in a Hartford inn and, with working capital of $15,000, founded the Hartford Fire Insurance Company. The company survived some of the greatest peacetime tragedies in American history. After a [[Great Fire of New York|huge fire destroyed New York's financial district]] in 1835, The Hartford's president, Eliphalet Terry, used his personal wealth to cover all of the company's damage claims. Other catastrophic events included the Chicago fire of 1871 and the 1906 San Francisco earthquake and fire.

The company logo shows a male deer, which in full maturity was referred to by the [[medieval hunting]] term ''[[hart (deer)|hart]]''. The etymology of 'Hartford' is the [[ford (crossing)|ford]] where harts cross (deer crossing). The [[:File:HartfordCTseal.png|Seal of the City of Hartford]]<ref>[http://youthreconnect.org/wp-content/uploads/2014/03/cityseal_CMYK.jpg Seal of the City of Hartford (higher resolution image)]</ref> likewise features a mature male deer.

===Acquisitions, divestitures and related changes===
* 1913: Formed the Hartford Accident and Indemnity Company to provide a wide variety of insurance coverage, including accident, automobile-liability, personal-damage, business-interruption and more.
* 1959: Expanded into the life-insurance business by acquiring The Columbian National Life Insurance Company in Boston, Massachusetts.
* 1970: The Hartford was acquired by [[ITT Corporation]] for $1.4 billion,<ref>[http://www.itt.com/about/history History Of ITT Corporation]</ref> at the time the largest corporate takeover in American history. The combined company was renamed ITT-Hartford Group, Inc.
* 1995: ITT decided to streamline its operations and release some of its subsidiaries, and The Hartford became an independent entity once again, trading on the [[New York Stock Exchange]] under the symbol "HIG."
* 1997: Changed name from ITT-Hartford Group, Inc. to the Hartford Financial Services Group, Inc., and also issued an IPO for its Hartford Life business under the ticker symbol “HLI.”
* 2000: Reacquired all the shares of Hartford Life (HLI was delisted from the New York Stock Exchange in 2006).
* 2004: Purchased the Group Benefits Division of [[CNA Financial]]. The division was based in Chicago, Illinois.{{Citation needed|date=August 2011}}
* March 2012: Announced it would focus on property and casualty insurance, group benefits and mutual funds, and would sell its wealth management businesses.<ref>{{cite web |url=http://www.businessinsurance.com/article/20120325/NEWS04/303259978_r=0 |title= Business Insurance: Hartford to focus on property/casualty lines}}</ref>
* 2013: Sold its life insurance business to Prudential, retirement plans to MassMutual, and a broker-dealer to AIG.<ref>{{cite web |url=http://articles.courant.com/2013-01-02/business/hc-hartford-mass-mutual-retirement-plans-20130102_1_sheila-bridgeforth-mark-cybulski-retirement-plans_r=0 |title= Hartford Courant: The Hartford Sale of 3 Units Completed This Week}}</ref>
* 2014: Sold its Japan annuities business to Orix Life Insurance Corp.<ref>{{cite web |url=http://www.marketwatch.com/story/the-hartford-completes-sale-of-japan-annuity-company-to-orix-life-insurance-corporation-2014-07-01 |title= MarketWatch: The Hartford Completes Sale Of Japan Annuity Company To ORIX Life Insurance Corporation}}</ref>

==External recognition==
In 2008, the [[Ethisphere Institute]] named The Hartford one of the "World’s Most Ethical Companies" for the first time,<ref>{{cite web |url=http://www.insurancejournal.com/news/national/2008/06/04/90654.htm_r=0 |title= Insurance Journal}}</ref> and was subsequently recognized in 2009, 2010, 2011 and 2012.<ref>{{cite web |url=http://m1.ethisphere.com/wme2013/index.html_r=0 |title= The Ethisphere Institute}}</ref>

==References==
{{Reflist}}

==External links==
*{{official website|1=https://www.thehartford.com}}
{{Finance links
| name = The Hartford
| symbol = HIG
| sec_cik = HIG
| yahoo = HIG
| google = HIG
}}
{{ITT Corporation}}
{{Major insurance companies}}

{{DEFAULTSORT:Hartford}}
[[Category:Companies based in Hartford, Connecticut]]
[[Category:American companies established in 1810]]
[[Category:1810 establishments in Connecticut]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Investment management companies of the United States]]
[[Category:Life insurance companies of the United States]]
[[Category:ITT Corporation]]

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The Hartford