Welcome to our dedicated page for The Hartford Insurance Group news (Ticker: HIG), a resource for investors and traders seeking the latest updates and insights on The Hartford Insurance Group stock.
The Hartford Insurance Group Inc (HIG) provides property and casualty insurance, group benefits, and investment solutions through its diversified business segments. This news hub offers investors and analysts a centralized source for tracking corporate developments, financial performance, and strategic initiatives.
Access real-time updates including earnings reports, leadership changes, product launches, and regulatory filings. Our curated collection simplifies monitoring of HIG's business insurance innovations, risk management practices, and sustainability commitments while maintaining strict compliance with financial disclosure standards.
Key updates cover:
Quarterly earnings and financial results
Strategic partnerships and acquisitions
Leadership appointments and governance updates
Product expansions in commercial/personal insurance
Industry recognition and ESG initiatives
Bookmark this page for efficient tracking of HIG's market movements and operational milestones. Verify critical information directly through official SEC filings and company communications.
The Hartford reported a robust second quarter for 2021, with net income of $900 million, or $2.51 per diluted share, marking a 94% increase from the previous year. Core earnings reached $836 million, or $2.33 per diluted share, a 91% rise. Despite catastrophe losses of $128 million, the company benefitted from a $149 million reserve development and improved operational efficiencies. The combined ratio for Commercial Lines improved significantly, indicating strong underwriting results. Overall, the company projects continued efficiency gains with estimated pre-tax savings of approximately $540 million in 2022 and $625 million in 2023.
The Hartford declared a dividend of $0.35 per share of common stock, payable on October 4, 2021, for shareholders of record as of September 1, 2021. Additionally, a dividend of $375 on Series G preferred stock (equivalent to $0.375 per depository share) will be payable on November 15, 2021, to Series G shareholders of record as of November 1, 2021. The company's focus on sustainability and integrity strengthens its position as a leader in the property and casualty insurance industry.
The Hartford has appointed Tony Paschali as head of the Southeast Division for its Middle and Large Commercial Insurance business. He will oversee sales and underwriting operations across 12 Southeastern states, reporting to Tracey Ant. Paschali has over 18 years of experience at The Hartford, most recently serving as regional vice president in Atlanta. His leadership aims to enhance relationships and expand business results in the region.
The Hartford announced executive changes effective August 2, with Deepa Soni becoming the new head of Technology, Data, Analytics & Information Security, and John Kinney taking on expanded responsibilities in Operations alongside Claims. Soni, who joined in 2019, has significantly improved technology capabilities, while Kinney, with The Hartford since 2003, will enhance customer experience. Mary Nasenbenny will succeed Kinney as chief claims officer. These changes aim to bolster The Hartford's commitment to innovation and operational efficiency.
The Hartford has appointed Gretchen Thompson as head of Construction, Inland Marine, Excess Solutions, and Complex Liability Solutions within its Middle & Large Commercial business unit. Thompson succeeds Adrien Robinson and will report to A. Morris “Mo” Tooker. With extensive experience since joining The Hartford in 2005, she has been pivotal in driving growth in the Western Division. Thompson, recognized on the Business Insurance Women to Watch list in 2016, has a finance background from General Electric and a degree from Boston College.
The Hartford has appointed Adrien Robinson as head of Global Specialty, succeeding Vincent Tizzio, who is leaving the company. Robinson, with over 20 years of insurance experience, previously led Complex Casualty, Construction, and Marine divisions at The Hartford. Under Tizzio's leadership, Global Specialty has seen strong results since its establishment in 2019. Robinson's technical expertise includes a law degree in environmental and energy law and a background in environmental engineering.
The Hartford has expanded its group life and disability offerings through ProtectPro, targeting medical professionals with flexible plan designs and new coverage options. This includes specialty coverage for non-physician providers, a student loan credit benefit for those partially returning to work during long-term disability, and a medical premium supplement for COBRA expenses. Recognizing the projected growth in employment for non-physician roles, these enhancements aim to assist medical practices in attracting and retaining talent.
The Hartford has declared a dividend of $0.35 per share of common stock, payable on July 2, 2021 for shareholders on record as of June 1, 2021. Additionally, a dividend of $375 on each Series G preferred stock (equivalent to $0.375 per depository share) will be paid on August 16, 2021 to Series G shareholders recorded by August 1, 2021. This reflects The Hartford's commitment to returning value to its shareholders while maintaining a strong market position.
The Hartford published findings from its 2021 Future of Benefits Study, revealing a significant stigma about taking leave among U.S. workers. 31% fear workplace repercussions, with 29% perceiving a negative stigma. Younger generations feel this more acutely; 50% of Gen Z and younger Millennials express fear compared to 16% of Baby Boomers. Despite this, 75% of employers expanded benefits related to paid time off. The study also shows a positive shift in employee attitudes towards benefits, with 84% valuing their insurance more than before the pandemic.
