The Hartford Financial Services Group - M&A Summary and Business Overview

InsuranceCompany

The Hartford Financial Services Group M&A Summary

The Hartford Financial Services Group has acquired 4 companies. It has also divested 8 assets.

The Hartford Financial Services Group’s largest acquisition to date was in 2018, when it acquired The Navigators Group. for $2.1B. It’s largest disclosed sale occurred in 2012, when it sold Hartford Financial - Insurance Arm to Prudential Financial for $615M. The Hartford Financial Services Group has acquired in 3 different US states. The Company’s most targeted sectors include insurance (100%).

The Hartford Financial Services Group Business Overview

Where is The Hartford Financial Services Group headquartered?

The Hartford Financial Services Group is headquartered in Hartford, Connecticut.

What is The Hartford Financial Services Group’s revenue?

The Hartford Financial Services Group disclosed revenue of 21,854M USD for 2022 and 21,649M USD for 2021.

How many employees does The Hartford Financial Services Group have?

The Hartford Financial Services Group has 18,500 employees.

What sector is The Hartford Financial Services Group in?

The Hartford Financial Services Group is an insurance company.

When was The Hartford Financial Services Group founded?

The Hartford Financial Services Group was founded in 1810.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity4
    • M&A Sell Activity8
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 12
  • M&A Advisors 3

The Hartford Financial Services Group

The Hartford Financial Services Group, Inc.

One Hartford Plaza,
Hartford, Connecticut 06155
United States,
(860) 547-5000
www.thehartford.com

The Hartford Financial Services Group is a provider of property and casualty insurance, group benefits and mutual funds. Hartford Financial is widely recognized for its service excellence, sustainability practices, trust and integrity. The Hartford Financial Services Group was founded in 1810 and is based in Hartford, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $3.7B $3.7B
Sell (0.2/yr) # 7 - 1 - - - 8
vol $615M $615M
  12

Most Recent M&A

Company Date Value Type
Premia Holdings (Europe) NV 2021-10-05 - Divestiture
Hamilton, Bermuda
The Navigators Group. Inc. 2018-08-22 2.1B USD Add-on Acquisition
Stamford, Connecticut · www.navg.com
Talcott Resolution Life, Inc. 2018-05-31 - Divestiture
Windsor, Connecticut · www.talcottresolution.com
Foremost Insurance Co. 2018-02-19 - Divestiture
Caledonia, Michigan · www.foremost.com
Aetna, Inc. - U.S. Group Life and Disability Business 2017-10-23 1.5B USD Divestiture
Hartford, Connecticut
Downlands Liability Management Ltd. 2016-07-26 - Divestiture
Worthing, United Kingdom · www.downlandsliability.com
Hartford Financial Products International Ltd. 2016-07-26 - Divestiture
London, United Kingdom
Maxum Specialty Insurance Group 2016-03-16 170M USD Add-on Acquisition
Alpharetta, Georgia · www.mxmsig.com
Hartford Financial - Insurance Arm 2012-09-27 615M USD Divestiture
, United States
Trumbull Services, LLC 2011-10-03 - Divestiture
Hartford, Connecticut
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 4 (100%) 3.7B (100%) 8 (100%) 615M (100%)
Total 4 $3.7B 8 $615M

By Geo

State/Country Buy Value Sell Value
United States 4 3.7B 5 615M
  Connecticut 2 3.6B 3 -
  Georgia 1 170M 1 -
  Michigan 1 - - -
United Kingdom - - 2 -
Bermuda - - 1 -
Domestic 4 (100%) 3.7B (100%) 5 (63%) 615M (100%)
Cross-border - - 3 (38%) -
Total 4 $3.7B 8 $615M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Deutsche Bank Corporate & Investment Banking
 1
Legal Deals
Mayer Brown
 1

Deal Values

buy # Total
> $1B 2 $3.6B
$100M to $1B 1 $170M
TOTAL $3.7B
Largest The Navigators Group. Inc.
$2.1B (2018-08-22)
sell # Total
$100M to $1B 1 $615M
TOTAL $615M
Largest Hartford Financial - Insurance Arm
$615M (2012-09-27)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
2 (50%)
Divested to
Investor(s)
13%
1 (13%)
Strategic(s)
100%
8 (100%)

Company Summary

SECTOR

Insurance

Revenue

21,854   1% 2022
21,649   7% 2021
20,320   3% 2020
20,740   10% 2019
18,955   12% 2018
16,974   8% 2017
18,300   1% 2016
18,377   2% 2015
18,614   10% 2014
20,673   7% 2013
22,086   2012
(millions of USD) Show More Show Less

Employees

18,500

Established

1810

Public

NYSE: HIG

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