The Hartford Financial Services Group, Inc., (NYSE: HIG), usually known as The Hartford,
is a Fortune 100 company and one of the nation’s largest investment and
insurance concerns. With 2006 revenues of $26.5 billion, The Hartford is a leading
provider of investment products, life insurance and group benefits; automobile
and homeowners products; and business property and casualty insurance. The
company’s international operations are in Japan, Brazil and the United Kingdom.
The company’s earnings are divided equally between property-and-casualty operations
and life operations.
The Hartford was originally 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 America’s
history. After a 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.
Type
Public (NYSE: HIG)
Headquarters: Connecticut, USA
Industry Financial
Services, Insurance & Investments
Products PROPERTY AND CASUALTY
OPERATIONS: Commercial and personal property, home and automobile insurance; General,
professional and product liability insurance; Marine insurance; Workers’
compensation insurance; Bond insurance; Excess and surplus lines insurance; Directors
and officers liability insurance; LIFE OPERATIONS: Annuities, mutual funds,
529 college savings plans, retirement plans, life insurance, estate planning,
private wealth management, disability insurance, group life and accident insurance,
group retiree health
Revenue Green_Arrow_Up_Darker.svg$26.5 billion
USD (2006)
Net income Green_Arrow_Up_Darker.svg$2.75 billion USD (2006)
Employees
31,000 (2007)
Website www.thehartford.com |
