The Hartford

The Hartford Financial Services Group, Inc.
Public
Traded as NYSE: HIG
S&P 500 Component
Founded 1810 (1810)
Headquarters Hartford, Connecticut, U.S.
Key people
Christopher Swift, CEO
Revenue Increase$26.2 billion USD (2013) [1]
Increase$ 176 million USD (2013)
Total assets Increase$247.8 billion USD (2015)[2]
Number of employees
17,500(2015)
Website www.thehartford.com

The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company that is part of the Fortune 500 list. Headquartered in Hartford, Connecticut, The Hartford's 2013 revenues were $26.2 billion. The company’s earnings are divided between property-and-casualty operations, group benefits and mutual funds.

The Hartford is the 12th-largest property and casualty company in the United States, sells its products primarily through a network of agents and brokers, and has been the direct auto and home insurance writer for members of AARP for more than 25 years.[3]

History

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 of the company's damage claims. Other catastrophic events included the Chicago fire of 1871 and the 1906 San Francisco earthquake and fire.

The company logo shows a male deer, which in full maturity was referred to by the medieval hunting term hart. The etymology of 'Hartford' is the ford where harts cross (deer crossing). The Seal of the City of Hartford[4] likewise features a mature male deer.

External recognition

In 2008, the Ethisphere Institute named The Hartford one of the "World’s Most Ethical Companies" for the first time,[9] and was subsequently recognized in 2009, 2010, 2011 and 2012.[10]

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.