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The Hartford Financial Services Group, Inc. - HIG STOCK NEWS

Welcome to our dedicated page for The Hartford Financial Services Group news (Ticker: HIG), a resource for investors and traders seeking the latest updates and insights on The Hartford Financial Services Group stock.

The Hartford Financial Services Group, Inc. (NYSE: HIG) is a prominent player in the insurance and financial services industry, boasting over 200 years of experience. The company delivers a diverse range of products and services, including property and casualty insurance, group benefits, and mutual funds. It operates primarily through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Hartford Funds, along with a Corporate category.

Recognized for its commitment to service excellence, The Hartford has earned a reputation for trust and integrity. The company's sustainability practices further underscore its dedication to responsible corporate citizenship. Customers can learn more about the company's offerings and financial performance through its official website, www.thehartford.com, which also features information about various accolades and recognitions awarded to The Hartford and its employees.

One of the company’s recent initiatives includes its involvement with the National Commission on Climate and Workforce Health. This collaboration aims to build climate-resilient workforces by addressing the long-term health risks posed by climate change. As part of this effort, The Hartford, in partnership with other prominent organizations, is spearheading efforts to help businesses understand and mitigate climate-related health risks impacting their employees.

Financially, The Hartford remains robust, with a strong portfolio that continues to support both individual and corporate clients. The company's commitment to innovation and strategic partnerships positions it well to navigate the evolving landscape of the financial services sector.

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The Hartford has appointed Kathleen Winters to its board of directors, effective July 1, 2024. She will join the Finance, Investment and Risk Management Committee and the Audit Committee.

Edmund Reese, recently named chief financial officer of Aon, resigned from the board effective May 31, 2024. Winters, a former CFO at ADP and MSCI, brings extensive financial expertise and leadership experience, having overseen global finance organizations and driven transformational changes.

She currently serves on the boards of Global Business Travel Group and Definitive Healthcare Corp. Winters holds a bachelor’s degree in accounting from Boston College.

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The Hartford has announced quarterly dividends of $0.47 per share for its common stock, to be paid on July 2 to shareholders of record as of June 3. Additionally, a dividend of $375 per share (equivalent to $0.375 per depository share) for Series G preferred stock will be paid on August 15 to shareholders of record as of August 1. This marks a continued commitment from the company to return value to its shareholders through consistent dividend payments.

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The Hartford will host a virtual annual meeting of shareholders on May 15 at 12:30 p.m. EDT. Shareholders can attend, vote, and submit questions online, with access details provided in the press release. The meeting's replay will be available for 30 days. Stay informed by visiting the company's investor relations section.

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The Hartford reported strong first quarter 2024 financial performance with a net income of $748 million, a 41% increase from the same period in 2023. Core earnings were $709 million, up 32%. Property & Casualty written premiums rose by 9%, with Commercial Lines and Personal Lines seeing premium growth of 8% and 13% respectively. The company returned $491 million to stockholders in the quarter through share repurchases and dividends.
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The press release highlights the increasing risks posed by more frequent and extreme weather events to employee health and business performance. The newly formed National Commission on Climate and Workforce Health emphasizes the need to enhance people, business, and economic resilience. CEOs recognize extreme weather as a critical threat, but only 17% have invested in strategies to protect employees. Exposure to extreme heat, poor air quality, and unprecedented weather events impacts physical and mental health, leading to significant productivity loss. The Commission aims to quantify health care cost implications, recommend risk-mitigating actions, and identify innovative solutions for employee protection.
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The Hartford appoints Matthew Massaro as head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. Massaro will lead operations for independent agents, brokers, and customers across seven Northeastern states. His extensive experience and track record position the company for continued success.
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The Hartford has been named one of the World’s Most Ethical Companies® for the 15th time by Ethisphere. The company's culture of integrity, strong ethics, and compliance programs have earned them this recognition. The evaluation process covers key categories like culture of ethics, compliance, diversity, value chain support, and environmental practices.
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The Hartford appoints Deepa Soni as chief information officer and head of Technology, Data, Analytics & Cyber, merging Operations and Technology functions to drive strategic growth.
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The Hartford introduces Origin, a financial education and planning tool for employees, aiming to enhance financial wellness. Origin's platform offers U.S. workers access to budgeting, planning tools, and education. Jonathan Bennett, head of Group Benefits, highlights the company's commitment to expanding offerings to support employer clients and their employees.
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The Hartford announces dividends for common stock and Series G preferred stock shareholders.
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FAQ

What is the current stock price of The Hartford Financial Services Group (HIG)?

The current stock price of The Hartford Financial Services Group (HIG) is $118.21 as of November 20, 2024.

What is the market cap of The Hartford Financial Services Group (HIG)?

The market cap of The Hartford Financial Services Group (HIG) is approximately 34.5B.

What does The Hartford Financial Services Group, Inc. do?

The company provides property and casualty insurance, group benefits, and mutual fund services.

What are the main segments of The Hartford's operations?

The company's operations include Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Hartford Funds.

Where can I find more information about The Hartford's financial performance?

You can find detailed financial performance information on their official website at www.thehartford.com.

How long has The Hartford been in business?

The Hartford has over 200 years of experience in the insurance and financial services industry.

What recognition has The Hartford received?

The Hartford is widely recognized for its service excellence, sustainability practices, trust, and integrity.

What is the National Commission on Climate and Workforce Health?

It is an initiative partnered by The Hartford to address climate-related health risks and build climate-resilient workforces.

How does The Hartford support sustainability?

The company actively engages in sustainable practices and has earned recognition for its corporate responsibility efforts.

What recent projects has The Hartford been involved in?

One notable project is its collaboration with the National Commission on Climate and Workforce Health.

How can businesses benefit from The Hartford's services?

Businesses can leverage The Hartford's insurance and financial services to manage risks, provide employee benefits, and ensure financial stability.

Where is The Hartford headquartered?

The Hartford is headquartered in Hartford, Connecticut.

The Hartford Financial Services Group, Inc.

NYSE:HIG

HIG Rankings

HIG Stock Data

34.47B
288.99M
0.28%
94.23%
0.97%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
HARTFORD