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Hartford Financial Services Group Inc  (HIG)
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Hartford Financial Services Group Inc Segments

 
Group disability
   7.92 % of total Revenue
Group life & accident
   8 % of total Revenue
Group Benefits Total
   16.86 % of total Revenue
Life Total
   6.03 % of total Revenue
Consumer Markets Total
   21.43 % of total Revenue
Mutual Funds Total
   3.99 % of total Revenue
Net investment
   16.01 % of total Revenue
Capital gains
   -0.96 % of total Revenue
Other Operations
   0.53 % of total Revenue
Property & Casualty Total
   36.12 % of total Revenue
 

Business Segments (Sep. 30, 2015)
Revenues
(in millions $)
III. Quarter
%
(of total Revenues)
(Sep. 30, 2015)
Income
(in millions $)
III. Quarter
%
(Profit Margin)
Group disability
361.00 7.92 % 0.00 -
Group life & accident
365.00 8 % 0.00 -
Group Benefits Total
769.00 16.86 % 42.00 5.46 %
Life Total
275.00 6.03 % 74.00 26.91 %
Consumer Markets Total
977.00 21.43 % 19.00 1.94 %
Mutual Funds Total
182.00 3.99 % 22.00 12.09 %
Net investment
730.00 16.01 % -44.00 -
Capital gains
-44.00 -0.96 % -44.00 -
Other Operations
24.00 0.53 % 0.00 -
Property & Casualty Total
1,647.00 36.12 % 211.00 12.81 %
Total
4,560.00 100 % 280.00 6.14 %

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment (Sep. 30, 2015)
Y/Y Revenue
%
III. Quarter
Q/Q Revenue
%
(Sep. 30, 2015)
Y/Y Income
%
III. Quarter
Q/Q Income
%
Group disability
1.12 % -3.48 % - -
Group life & accident
3.11 % -2.93 % - -
Group Benefits Total
2.12 % -3.39 % 13.51 % -25 %
Life Total
-27.44 % -4.51 % 164.29 % -65.9 %
Consumer Markets Total
1.35 % 1.14 % -73.97 % -53.66 %
Mutual Funds Total
-1.62 % -1.09 % 0 % 0 %
Net investment
-9.88 % -8.29 % - -
Capital gains
- - - -
Other Operations
-17.24 % 20 % - -
Property & Casualty Total
4.37 % 1.48 % -24.64 % -18.53 %
Total
-4.34 % -2.61 % -51.56 % -54.32 %

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Hartford Financial Services Group Inc's Group disability, Group life & accident, Group Benefits Total, Life Total, Consumer Markets Total, Mutual Funds Total, Net investment, Capital gains, Other Operations, Property & Casualty Total, Total segment. Select each division with the arrow.

  Hartford Financial Services Group Inc's

Business Segments Description



REPORTING SEGMENTS

The Hartford is organized into two major operations: Life and Property & Casualty. Within these operations, The Hartford conducts business principally in nine operating segments. Additionally, Corporate includes certain interest expense, capital raising and purchase accounting adjustment activities, as well as capital raised that has not been contributed to the Company's insurance subsidiaries.

Life is organized into four reportable operating segments: Investment Products,Individual Life, Group Benefits and Corporate Owned Life Insurance ("COLI"). The Company also includes in "Other" corporate items not directly  allocable to any of its reportable operating segments, principally interest expense as well as
its international operations, which are primarily located in Japan and Brazil, realized capital gains and losses and intersegment eliminations.

Property & Casualty is organized into five reportable operating segments:  the North American underwriting segments of Business Insurance, Personal Lines, Specialty Commercial and Reinsurance; and the Other Operations segment, which includes substantially all of the Company's asbestos and environmental exposures.  "North American" includes the combined underwriting results of the Business Insurance, Personal Lines, Specialty Commercial and Reinsurance underwriting  segments. Property & Casualty also includes income and expense items not directly allocated to these segments, such as net investment income, net realized  capital gains and losses, other expenses including interest, severance and income taxes.

LIFE

Life's business is conducted by the subsidiaries of Hartford Life, Inc. ("HLI"), a leading financial services and insurance organization. Through Life, The Hartford provides (I) investment products, including variable annuities, fixed market  value adjusted ("MVA") annuities, mutual funds and retirement plan services for the savings and retirement needs of over 1.5 million customers,  (II) life insurance for wealth protection, accumulation and transfer needs for  approximately 735,000 customers, (III) group benefits products such as group life and group disability insurance for the benefit of millions of individuals and (IV) corporate owned life insurance, which includes life insurance policies  purchased by a company on the lives of its employees.


INVESTMENT PRODUCTS

The Investment Products segment focuses, through the sale of individual variable and fixed annuities, mutual funds, retirement plan services and other investment products, on the savings and retirement needs of the growing number of individuals who are preparing for retirement or who have already retired. 

Principal Products


Individual Variable Annuities -- Life earns fees, based on policyholders' account  values, for managing variable annuity assets and maintaining policyholder accounts.  The Company uses specified portions of the periodic deposits paid by a customer  to purchase units in one or more mutual funds as directed by the customer, who then assumes the investment performance risks and rewards.

INDIVIDUAL LIFE

The Individual Life segment provides life insurance solutions to a wide array of partners to solve the wealth protection, accumulation and transfer needs of its affluent, emerging affluent and business insurance clients. The individual life business acquired from Fortis in 2001 added significant scale to the Company's Individual Life segment, contributing to a significant increase in life insurance  in force in that year. 


Principal Products


Life holds a significant market share in the variable universal life product market and is the number one seller of variable life insurance, according to the Tillinghast Value Survey. 

GROUP BENEFITS

The Group Benefits segment sells group life and group disability insurance,  as well as other products, including medical stop loss, accidental death and dismemberment, travel accident and other special risk coverage to employers and associations. The Company also offers disability underwriting, administration, claims processing services and reinsurance to other insurers and self-funded employer plans. Generally, policies sold in this segment are term insurance. This allows the Company to adjust the rates or terms of its policies in order to minimize the adverse effect of various market trends, including declining interest rates and other factors.

PROPERTY & CASUALTY

Property & Casualty provides (1) workers' compensation, property, automobile, liability, umbrella, specialty casualty, marine, agricultural and bond coverages to commercial accounts primarily throughout the United States; (2) professional liability coverage and directors and officers liability coverage, as well as excess and surplus lines business not normally written by standard commercial lines insurers; (3) automobile, homeowners and home-based business coverage to individuals throughout the United States; and (4) insurance related services.

BUSINESS INSURANCE

Business Insurance provides standard commercial insurance coverage to small and middle market commercial businesses primarily throughout the United States. This segment also provides commercial risk management products and services as well as marine coverage. 

Principal Products


The Business Insurance segment offers workers' compensation, property, automobile, liability, umbrella and marine coverages. Commercial risk management products and services are also provided.


PERSONAL LINES

Personal Lines provides automobile, homeowners' and home-based business coverages  to the members of AARP through a direct marketing operation; to individuals who prefer local agent involvement through a network of independent agents in the standard personal lines market; and through the Company's Omni Insurance Group, Inc. ("Omni") subsidiary in the non-standard automobile market. Personal Lines also operates a member contact center for health insurance products  offered through AARP's Health Care Options.

SPECIALTY COMMERCIAL

Specialty Commercial provides a wide variety of property and casualty insurance products and services through retailers and wholesalers to large commercial clients and insureds requiring a variety of specialized coverages. Excess and surplus lines coverages not normally written by standard line insurers are also provided, primarily through wholesale brokers. 

REINSURANCE

On May 16, 2003, as part of the Company's decision to withdraw from the assumed reinsurance business, the Company entered into a quota share and purchase agreement  with Endurance Reinsurance Corporation of America ("Endurance"), whereby the Reinsurance segment retroceded the majority of its inforce book of business as of April 1, 2003 and sold renewal rights to Endurance.

   

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