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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 been ranked No. 15 on the 2024 JUST 100 list by JUST Capital and CNBC, marking the sixth consecutive year of inclusion. The company is recognized for its commitment to serving employees, customers, communities, the environment, and shareholders. The Hartford also ranked No. 1 in the insurance industry for its support of communities through job creation, charitable giving, and volunteering, as well as leading on environmental issues. The company's sustainability strategy aims to benefit both society and stakeholders.
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The Hartford (NYSE: HIG) reported a 30% increase in net income available to common stockholders in the fourth quarter of 2023, and a 25% increase in core earnings. Property & Casualty written premiums rose by 10%, and Group Benefits fully insured ongoing premiums grew by 6%. The company returned $479 million to stockholders in the fourth quarter and $1.9 billion for the full year. The net income ROE was 17.5% and core earnings ROE was 15.8%.
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The Hartford Financial Services Group, Inc. (HIG) declares a dividend of $375 on each Series G preferred stock, equivalent to $0.375 per depository share, payable on Feb. 15, 2024, to Series G preferred stock shareholders of record at the close of business on Feb. 1, 2024.
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The Hartford (HIG) makes key leadership appointments, including A. Morris Tooker as head of Commercial Lines, Melinda Thompson as head of Personal Lines, Don Hunt as general counsel, Chris Jones as head of Small Commercial, and Tracey Ant as head of Middle & Large Commercial. These appointments will take effect in 2024, with Tooker leading Small Commercial in addition to retaining oversight of Middle & Large Commercial, Global Specialty, and Enterprise Sales & Distribution. The company's chairman and CEO, Christopher Swift, expressed confidence in the strategic focus and leadership of the new appointees, emphasizing the outstanding pipeline of talent and the company's strong market position.
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The Hartford announces increased quarterly dividend and strong financial results for Q3 2023. Net income available to common stockholders increased by 93% compared to the same period last year. Commercial Lines and Group Benefits businesses drove the positive performance. The company returned $481 million to shareholders in Q3.
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Stephen Deane appointed as The Hartford's new Chief Claims Officer, replacing Mary Nasenbenny who will retire at the end of 2023
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The Hartford partners with CUNY to surprise youth athletes with sports wheelchairs
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The Hartford expands digital capabilities for agents and brokers, offering seamless transaction experience for mid- to large-sized businesses. New APIs and portal options save time, provide faster turnaround, and increase accuracy. Access to new business submission process available through direct API capabilities and online portals. Partnership with Highwing ensures open communication and accurate data sharing. Additional benefits include faster speed to market, easier submissions with pre-populated data, and streamlined workflow.
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The Hartford integrates Beam Benefits dental and vision plans with its group income protection and life insurance benefits
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AM Best affirms The Hartford Financial Services Group's ratings; outlook stable
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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 $119.64 as of November 21, 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 35.2B.

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

35.24B
288.99M
0.28%
94.23%
0.97%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
HARTFORD