The Hartford
{{short description|US-based insurance and investment company}}
{{Infobox company
| name = The Hartford Insurance Group, Inc.
| logo = The Hartford Financial Services Group logo.svg
| type = Public
| traded_as = {{ubl|class=nowrap|{{NYSE|HIG}}|S&P 500 Component}}
| industry = {{ubl|class=nowrap|Insurance|Mutual funds}}
| foundation = {{start date and age|1810}}
| location = Hartford, Connecticut, U.S.
| key_people = {{ubl|class=nowrap
| Christopher J. Swift | (Chairman & CEO)
| Beth A. Costello | (Executive VP & CFO)
| Allison Niderno | (Senior VP & Controller)}}
| products = {{ubl|class=nowrap
| Mutual funds
| Exchange-traded funds}}
| revenue = {{nowrap|{{increase}} US$24.5 billion (2023)}}
| operating_income = {{nowrap|{{increase}} US$2.8 billion (2023)}}
| net_income = {{nowrap|{{increase}} US$2.5 billion (2023)}}
| aum = {{nowrap|{{increase}} US$142.4 billion (September 30, 2024)}}{{cite web | url=https://www.hartfordfunds.com/about-us.html | title=About Us }}
| assets = {{nowrap|{{increase}} US$76.8 billion (2023)}}
| equity = {{nowrap|{{increase}} US$15.3 billion (2023)}}
| num_employees = {{nowrap|~18,700 (2023)}}
| homepage = {{URL|https://www.thehartford.com|TheHartford.com}}
| footnotes = {{cite web|url=https://www.sec.gov/Archives/edgar/data/874766/000087476618000011/hig1231201710-kdocument.htm|title=US SEC: Form 10-K The Hartford Financial Services Group, Inc.|publisher=U.S. Securities and Exchange Commission|access-date=March 12, 2018}}
}}
The Hartford Insurance 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.{{Cite web|url=http://fortune.com/fortune500/hartford-financial-services/|title=Hartford Financial Services|website=Fortune|language=en-US|access-date=2018-11-21}} It was ranked 160th in Fortune 500 in the year of 2020.{{Cite web|title=Fortune 500|url=https://fortune.com/fortune500/2020/|access-date=2021-01-12|website=Fortune|language=en}} The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds.
The Hartford is the 13th-largest property and casualty insurance company in the United States.{{Cite web|last=Libatique|first=Roxanne|title=These are the top 25 property/casualty insurance companies in the US|url=https://www.insurancebusinessmag.com/us/guides/these-are-the-top-25-propertycasualty-insurance-companies-in-the-us-32630.aspx|access-date=2021-01-12|website=www.insurancebusinessmag.com|language=en}} 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.{{Cite web |url=http://www.naic.org/documents/web_market_share_140303_2013_property_lob.pdf |title=Archived copy |access-date=2014-04-28 |archive-date=2014-05-03 |archive-url=https://web.archive.org/web/20140503222104/http://www.naic.org/documents/web_market_share_140303_2013_property_lob.pdf |url-status=dead }}{{Cite news|url=https://www.forbes.com/sites/greatspeculations/2015/06/29/a-look-at-hartfords-homeowners-insurance-business/#1b58f5d5422c|title=A Look At Hartford's Homeowners' Insurance Business|last=Team|first=Trefis|work=Forbes|access-date=2017-08-14|language=en}}
History
File:The Hartford (May, 1875 calendar postcard) (14222377016).jpg
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 Stag=
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 stag remains a clear descendant of the “Monarch of the Glen.” {{Cite web |title=The Buck Is Back: The Hartford's Iconic Symbol Returns In New Marketing Campaign |url=https://newsroom.thehartford.com/newsroom-home/news-releases/news-releases-details/2019/The-Buck-Is-Back-The-Hartfords-Iconic-Symbol-Returns-In-New-Marketing-Campaign/default.aspx |access-date=2023-06-23 |website=newsroom.thehartford.com |language=en-US}}
See also
- Great Fire of New York
- Hartford Fire Insurance Co. v. California
- List of United States insurance companies
- The Monarch of the Glen (painting), upon which the company logo is based
References
{{Reflist}}
External links
- {{official website|1=https://www.thehartford.com}}
{{Finance links
| name = The Hartford
| symbol = HIG
| sec_cik = HIG
| yahoo = HIG
| google = HIG
}}
{{ITT Corporation}}
{{Major insurance companies}}
{{ICISA members}}
{{Authority control}}
{{DEFAULTSORT:Hartford}}
Category:Companies based in Hartford, Connecticut
Category:Financial services companies established in 1810
Category:American companies established in 1810
Category:1810 establishments in Connecticut
Category:Companies listed on the New York Stock Exchange
Category:Investment management companies of the United States