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Hartford Financial Services Group

Industry: Property Casualty Insurance

Fortune Rank: 97

The Hartford Financial Services Group, Inc. is a diversified insurance co. that provides property & casualty insurance and life insurance. For the 6 months ended 6/05, revenues rose 8% to $12.05B. Net income before acct. change rose 27% to $1.27B. Results reflect strong underwriting results due to a larger base of sales representatives, a strong growth in earned premium, and a favorable reserve development for non-catastrophe claims.

The Hartford Financial Services Group, Inc. (The Hartford) is a diversified insurance and financial services company. The Hartford provides investment products, individual life, group life and group disability insurance products, and property and casualty insurance products in the United States. The Hartford is organized into two major operations: Life, and Property and Casualty. Within the Life, and Property and Casualty operations, it conducts business through Retail Products Group (Retail), Institutional Solutions Group (Institutional), Individual Life and Group Benefits. Property and Casualty is organized into four segments: the underwriting segments of Business Insurance, Personal Lines and Specialty Commercial (collectively Ongoing Operations), and the Other Operations segment. The Other Operations segment consists of certain property and casualty insurance operations that have discontinued writing new business and includes the Company's asbestos and environmental exposures.

Hartford Financial Services Group

Hartford Financial Services Group achieved revenue of $24,701.00 million in 2010 but posted a loss of $-887.00 million.

Hartford Financial Services Group' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 97th compared to 287th in 2009. This was based on its 2009 revenue of $9,219 million (a change of 15 million compared to 2010) and profits of $-2,749 million (a change of $-885 million compared to 2009).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Hartford Financial Services Group would be ranked 460th rather than 97th due to the fact it made a loss of $-887 million in 2010.

* US$ Million

• Address
  • Hartford Financial Services Group
    690 Asylum Avenue
    Hartford
    CT
    06115
• Contact Details
  • Phone: 860-547-5000
  • Fax: N/A
  • Website: www.thehartford.com
  • Stock Symbol: HIG

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