The Hartford

Last updated
The Hartford Financial Services Group, Inc.
Company type Public
Industry
Founded1810;214 years ago (1810)
Headquarters Hartford, Connecticut, U.S.
Key people
  • Christopher J. Swift
  • (Chairman & CEO)
  • Beth A. Costello
  • (Executive VP & CFO)
  • Scott R. Lewis
  • (Senior VP & Controller)
  • Doug Elliot
  • (President)
Products
RevenueIncrease2.svg US$20.74 billion (2019)
Increase2.svg US$2.82 billion (2019)
Increase2.svg US$2.09 billion (2019)
AUM Increase2.svg US$127.2 billion (March 31, 2023) [1]
Total assets Increase2.svg US$70.82 billion (2019)
Total equity Increase2.svg US$16.27 billion (2019)
Number of employees
~19,500 (2019)
Website TheHartford.com
Footnotes /references
[2]

The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. [3] It was ranked 160th in Fortune 500 in the year of 2020. [4] The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds.

Contents

The Hartford is the 13th-largest property and casualty insurance company in the United States. [5] It sells products primarily through a network of agents and brokers, and has also been the auto and home insurance writer for AARP members for more than 25 years. [6] [7]

History

1875 postcard calendar for the Hartford Accident Insurance Co. The Hartford (May, 1875 calendar postcard) (14222377016).jpg
1875 postcard calendar for the Hartford Accident Insurance Co.

The Hartford was founded in 1810 in Hartford, Connecticut. A group of local merchants gathered in a Hartford inn and, with working capital of $15,000, founded the Hartford Fire Insurance Company. The company survived some of the greatest peacetime tragedies in American history. After a huge fire destroyed New York's financial district in 1835, The Hartford's president, Eliphalet Terry, used his personal wealth to cover all the company's damage claims. Other catastrophic events included the Chicago fire of 1871 and the 1906 San Francisco earthquake and fire.

The Hartford Buck

Although it is unknown exactly when the iconic symbol first appeared as The Hartford’s logo, the earliest use on record is on the 1861 policy issued to Abraham Lincoln. It depicts a hart (a deer) fording (crossing) a stream. The company’s logo was likely inspired by the seal of the city of Hartford, which in turn borrowed from the 17th-century seal of Hertford England. By 1867, the logo began to echo the majestic stag depicted in Sir Edwin Landseer’s 1851 painting, “The Monarch of the Glen.” The logo art and style have continued to shift throughout the years to adjust to the changing art and print needs, however, the Buck remains a clear descendant of the “Monarch of the Glen.” [8]

See also

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References

  1. "About Us".
  2. "US SEC: Form 10-K The Hartford Financial Services Group, Inc". U.S. Securities and Exchange Commission . Retrieved March 12, 2018.
  3. "Hartford Financial Services". Fortune. Retrieved 2018-11-21.
  4. "Fortune 500". Fortune. Retrieved 2021-01-12.
  5. Libatique, Roxanne. "These are the top 25 property/casualty insurance companies in the US". www.insurancebusinessmag.com. Retrieved 2021-01-12.
  6. "Archived copy" (PDF). Archived from the original (PDF) on 2014-05-03. Retrieved 2014-04-28.{{cite web}}: CS1 maint: archived copy as title (link)
  7. Team, Trefis. "A Look At Hartford's Homeowners' Insurance Business". Forbes. Retrieved 2017-08-14.
  8. "The Buck Is Back: The Hartford's Iconic Symbol Returns In New Marketing Campaign". newsroom.thehartford.com. Retrieved 2023-06-23.
  9. Gosselin, Kenneth R. (28 April 2021). "Insurance giant Chubb says it will no longer pursue a takeover of The Hartford Financial Services Group". Hartford Courant. Retrieved 2021-06-02.
  10. "Castel Acquires Dutch Marine Business from The Hartford". Insurance Journal. 17 July 2020. Retrieved 24 July 2020.
  11. "Insurance Journal: Hartford to Close on $2.1 Billion Acquisition of Navigators on May 23". 16 May 2019.
  12. "The Hartford Acquires Sharing Economy Insurance Specialist Y-Risk". 3 December 2018.
  13. "MarketWatch: The Hartford Completes Sale Of Japan Annuity Company To ORIX Life Insurance Corporation".
  14. STURDEVANT, MATTHEW (2 January 2013). "The Hartford: Sale Of 3 Units Completed This Week". courant.com.
  15. "Page Not Found". www.businessinsurance.com.{{cite web}}: Cite uses generic title (help)
  16. "Europa-Geschäft eingedampft: Hartford verlässt Deutschland - n-tv.de". Archived from the original on 2010-01-16. Retrieved 2022-07-25.
  17. "History | ITT Inc".