The Hartford Financial Analysis

In: Business and Management

Submitted By bvbeaver926
Words 3213
Pages 13
The Hartford
By Stacia Smith
Executive Summary
The Hartford has been around for over 200 years. They continue to adapt and make changes to stay a Fortune 500 company. As of current day, there are still many challenges The Hartford still has to face in order to drive their profit up. The Hartford is being affected by their current realignment. They are in the process of refocusing their priorities. They will be focusing on Property and Casualty, Group benefits and Mutual Fund Businesses, and place their Individual annuity business into run off. They are also going to be expanding their sales departments and finding other alternatives for their Life, Financial services and retirement plans. The insurance market is currently being affected by interest rates, credit spreads, equity prices, market volatility and foreign exchange rates. Insurance is also affected by natural physical events such as hail, hurricanes, and climate changes. These are a major factor for all insurance companies and will have to be taken care of individually. The Hartford has a great company culture. They reward their employees and are very much into giving back to the community. Since the company was founded in 1810, The Hartford has gone through many changes and leaders, but they manage to stay a competitor. The Hartford has managed to lock in contracts and be affiliated with AARP, AKC, Sierra Club and National Wildlife Federation. They are also known for writing Babe Ruth’s “sickness policy” in 1920 that protected him from not getting paid if he was sick. The Hartford did not become an independent entity again until 1995, when they were once again traded on the NYSE. This prompted them to change their name from ITT Hartford Group to The Hartford Financial Services Group. In 2003, The Hartford formed a founding partnership with the US Paralympics. The strongest reward The Hartford…...

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