Hartford Insurance |
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Hartford is one of the biggest and more popular insurance companies based in the United States. The company was founded 1810 and has many offices spread throughout the United States. The company also offers insurance products and financial services in other countries having international offices in the countries of Japan, Ireland, and England. Hartford Insurance has been selling insurance products for almost 200 years having almost 30,000 employees, and has an annual income of around $2.3 billion. Hartford Insurance has been ranked 78th on Fortune magazine's list of top 100 companies. Nowadays the company is one of the leading providers of various annuities, mutual funds, and other types of saving plans. They are also one of the largest sellers of individual annuities in America, as Hartford Insurance offers different insurance products to American Association of Retired Persons (AARP) members. The world over millions of Hartford Insurance customers are serviced and are given help through insurance agents, brokers, and financial institutions. Hartford Insurance uses around 11,000 independent agencies and 10,000 registered brokers to sell their insurance products. In 2004 Hartford bought the Group Benefits Division of CNA Financial Corporation.More About Hartford Insurance
Hartford Insurance offers insurance services such as group life, group disability, and other individual life insurance products. In December of 2005 the total assets and stockholders equity of Hartford Insurance was between $285.6 million and $15.3 billion. Hartford Insurance is a holding company and is unique from their subsidiaries. The company does not have operations of their own and because of this they fully rely on the dividends from the insurance companies. Hartford Insurance has always made special efforts in order to maintain balance, therefore enhancing their position as a leader in the insurance industry. The company has a strategy that helps develop the selling of various insurance products through many channels of distribution. What this does is bring about a more cost efficient way of maintaining risk management techniques, as well as sound underwriting techniques, which capitalize on the respected Hartford brand name.
Hartford Insurance has two major operations, which are Life and Property and Casualty Insurance. Each of these operations is made up of different segments. In the quarter that ended on December 31, 2005 there was a change in the reposting segments that reflected the way that various decision makes views the management of the company. Retail mutual fund operations are maintained, and through these operations Hartford Insurance provides various investment and management services to the families of 48 different mutual funds and other investors. The shareholders of those funds and not Hartford Insurance own the company's mutual funds. The company's business is conducted in 10 segments of operation and often includes various debt financing, other related business expenses, and adjustment for account purchasing.
Hartford Insurance has been able to offer its customers fixed, variable, and retail mutual funds, which include stable value products of various sorts, including annuities and structural settlements. Currently Hartford Life Insurance is one of the more consolidated insurance groups based on the managed statutory assets, as of December 31, 2005. Hartford Insurance is now one of the larger providers of insurance in the United States having third party assets of around $32.7 billion. Hartford Insurance also had a generating income, in terms of life insurance, of $1.2 billion in 2005, $1.4 billion in 2004, and $845 million in 2003.
Hartford Insurance is one of the oldest insurance companies in the United States and is one of the best offering many types of insurance products and financial services to their customers. They are a well-known and highly respected company with almost 200 years of being in business.
