Hartford FINL SVCS GRP (WKN: 898521) / NYSE
HOMEPAGE:
http://www.thehartford.com
SEC-FILINGS:
http://www.sec.gov/cgi-bin/...y&CIK=0000874766&owner=include&count=40
NEWS:
http://www.thehartford.com/servlet/...nt_section=1118759546807&c=Page
http://www.finanznachrichten.de/...hten-aktien/hartford-financial.asp
http://finance.yahoo.com/q?s=HIG
BÖRSENPLÄTZE:
http://www.ariva.de/quote/simple.m?secu=5262
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letzter Quartalsbericht:
http://www.sec.gov/Archives/edgar/data/874766/...6317/c76352e10vq.htm
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09.10.2008 Presse: MetLife und Hartford Financial führten Fusionsgespräche
http://www.ariva.de/..._Financial_fuehrten_Fusionsgespraeche_n2766759
New York (aktiencheck.de AG) - Die MetLife Inc. (Profil), der größte Lebensversicherer in den USA, hat Presseangaben zufolge zuletzt den Lebens- und Sachversicherer Hartford Financial Services Group Inc. (Profil) bezüglich einer möglichen Fusion kontaktiert.
Wie das "Wall Street Journal" berichtet, haben die Gespräche über einen möglichen Zusammenschluss jedoch zu keinem Ergebnis geführt.
MetLife gab am Dienstag bekannt, dass seine Ergebnisse im dritten Quartal durch die Verwerfungen an den internationalen Finanzmärkten beeinträchtigt sein werden. Die ausführlichen Zahlen zum dritten Quartal werden am 29. Oktober veröffentlicht.
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Zeitpunkt: 01.08.09 13:37
Aktion: Forumswechsel
Kommentar: Denke mal, hier ist der Thread besser aufgehoben
Zeitpunkt: 01.08.09 13:37
Aktion: Forumswechsel
Kommentar: Denke mal, hier ist der Thread besser aufgehoben
Ex-Dividend Date: 26.11.2008 (Dividend Date: 02.01.2009) Dividend: 1.28 USD
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ARCA-Book HIG:
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HIG (Hartford Financial Services Group, Inc) / 14 November 2008 (_bbb_ / TheInvisibleHand ™ / MaryKateAustin )
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UPDATE 1-Life insurers fall on worry over investment losses
NEW YORK, Nov 19 (Reuters) - Shares of U.S. life insurers, led by Hartford
Financial Services Group Inc, fell on Wednesday as investors grew more concerned
about the sector's large exposure to commercial mortgage investments.
Life insurers have seen their capital eroded in recent months by heavy
investment losses. Several have raised capital, and still others are trying to
see if they can obtain federal funds under the government's $700 billion
bailout.
Eric Berg, an analyst with Barclays Capital, said in a research note to
clients on that only two insurers -- Hartford and American International Group
Inc -- have written down the value of commercial mortgage-backed securities
(CMBS) held since December 2007.
Hartford has recorded other-than-temporary impairments of 3 percent,
while AIG has recorded 9 percent. Other-than-temporary impairment accounts for
assets that have lost value and are not expected to recover in the short term.
This means that most insurers are carrying these securities at their
original value, despite growing concerns that losses on commercial mortgages
will mount.
The Dow Jones U.S. life insurance index, down more than 60 percent so far
this year, fell nearly 8 percent on Wednesday.
UBS analyst Andrew Kligerman, in a research note, said Hartford and
Principal Financial Group Inc, a provider of retirement plans, life and health
insurance, were most vulnerable to CMBS-related losses since they have larger
exposure to "A-" or lower rated securities than peers.
In addition to worries about further investment losses, investors have
also been spooked by growing costs from variable annuities, a popular
investment-linked retirement product that accounts for a large portion of the
industry's sales.
Hartford, which sells both life and property insurance and is not a
component in the Dow life index, fell 26 percent to $7.12 in trading on the New
York Stock Exchange.
Other large U.S. life insurers also fell, with MetLife Inc shares
falling 7.7 percent to $19.12 and Prudential lost 12.8 percent, falling to
$17.36. Both have very large commercial mortgage investments. Principal
Financial dropped 14.5 percent to $12.23 a share.
(Reporting by Lilla Zuill, editing by Matthew Lewis, Leslie Gevirtz)
Keywords: LIFEINSURERS CMBS/
(lilla.zuill@thomsonreuters.com; + 1 646 223 6281)
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Date : 11/20/2008 @ 6:00PM
Source : Business Wire
Stock : The Hartford Financial Services Group, Inc. (HIG)
Quote : 5.57 -1.31 (-19.04%) @ 5:55PM
The Hartford Comments On Its Highly Rated Commercial Mortgage-Backed Securities Portfolio
The Hartford Financial Services Group, Inc. (NYSE: HIG) today responded to recent reports about the performance and outlook for the commercial real estate sector and its effects on Commercial Mortgage-Backed Securities (CMBS).
As of September 30, 2008, the company held a $15 billion CMBS portfolio, of which more than 80 percent was rated AAA or AA. In addition, the CMBS portfolio is broadly diversified in terms of geography, property type and vintage. The company’s overall investment portfolio was $90 billion at September 30, 2008.
Cash flows on the company’s CMBS portfolio, in the form of principal and interest, continue to perform as expected. In addition, each quarter, The Hartford stress tests the cash flows on its commercial mortgage-backed securities to understand the implications of future deterioration of the economy and the commercial real estate market. These stress tests are performed on the basis of a severe recession scenario and assume a number of factors, including significant declines in gross domestic product (GDP), increases in unemployment and declines in commercial property values.
Based on this analysis, the company believes it will continue to receive contractual principal and interest payments over time. As an insurance company, The Hartford is generally a long-term investor and intends to hold many of these securities to recovery.
In addition, within its overall investment portfolio, the company does not have any exposure to the two commercial mortgages within CMBX 5 that have been widely reported in the national media as likely to default.
The company’s investment management team is taking a series of actions aimed at repositioning the portfolio in light of current economic outlooks, with plans to enhance the overall credit quality of the general account. The company is currently investing in treasuries and other high-quality securities, and maintaining higher levels of liquidity than it has in recent quarters. Our investment decisions seek to balance risk, returns, capital and earnings.
About The Hartford The Hartford, a Fortune 100 company, is one of the nation's largest financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F Some of the statements in this release should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about The Hartford’s future results of operations. The Hartford cautions investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include, without limitation, the difficulty in predicting the potential effect from the legislation and other governmental initiatives taken in response to the current financial crisis; the difficulty in predicting the company’s potential exposure for asbestos and environmental claims; the possible occurrence of terrorist attacks; the response of reinsurance companies under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the company against losses; changes in financial and capital markets, including changes in interest rates, credit spreads, equity prices and foreign exchange rates; the inability to effectively mitigate the impact of equity market volatility on the company’s financial position and results of operations arising from obligations under annuity product guarantees; the possibility of unfavorable loss development; the incidence and severity of catastrophes, both natural and man-made; stronger than anticipated competitive activity; unfavorable judicial or legislative developments; the potential effect of domestic and foreign regulatory developments, including those which could increase the company’s business costs and required capital levels; the possibility of general economic and business conditions that are less favorable than anticipated; the company’s ability to distribute its products through distribution channels, both current and future; the uncertain effects of emerging claim and coverage issues; the amount of statutory capital that the Company has and the Company’s ability to hold sufficient statutory capital to maintain financial strength and credit ratings; a downgrade in the company’s financial strength or credit ratings; the ability of the company’s subsidiaries to pay dividends to the company; the company’s ability to adequately price its property and casualty policies; the ability to recover the company’s systems and information in the event of a disaster or other unanticipated event; potential for difficulties arising from outsourcing relationships; potential changes in Federal or State tax laws, including changes impacting the availability of the separate account dividends received deduction; losses due to defaults by others; the company’s ability to protect its intellectual property and defend against claims of infringement; and other risks and uncertainties discussed in The Hartford’s Quarterly Reports on Form 10-Q, the 2007 Annual Report on Form 10-K and other filings The Hartford makes with the Securities and Exchange Commission. The Hartford assumes no obligation to update this release, which speaks as of the date issued.
bin schon sehr gespannt, wie das ganze ausgeht.
The Hartford Re-Aligns Employer Markets Group To Strengthen Delivery Of Total Benefits And Retirement Plan Solutions For Empl...
The Hartford Financial Services Group, Inc. (NYSE: HIG) is announcing a new organizational structure for its Employer Markets Group (EMG) to better serve the group benefits and retirement plan needs of employers and their employees, optimize leadership talent, and drive growth opportunities.
EMG is part of the new customer-centered organizational structure announced for The Hartford’s life operations earlier this year and provides products and services to 86,000 employers in the corporate, government and non-profit markets. Through those employers, approximately 10 million employees are protected by The Hartford’s group life, disability and accident coverage or participate in The Hartford’s 401(k), 457 and 403(b) retirement plans or both.
“The goal of our Employer Markets Group is to deliver a total financial solution to employers,” said Jim Davey, executive vice president and director of EMG. “In an uncertain economy, we can provide security against sudden loss of income due to disability, the comfort of protection through our life insurance products, and the tools to accumulate a nest egg for retirement.” In an effort to surpass customer expectations and make the most of new opportunities for providing retirement plans and employee benefits, Davey announced a new organizational structure: Jamie Ohl, senior vice president, will lead the Retirement Plans Group (RPG). Previously, Ohl was responsible for product development and business retention, enhancing The Hartford’s overall product competitiveness. The Hartford ranked among the top 10 providers in customer satisfaction for mid-market plan providers, according to 401(k) Exchange.
Ron Gendreau, executive vice president, will continue to lead the Group Benefits Division (GBD). Gendreau has directed the expansion of GBD’s market share for group life and disability insurance. According to LIMRA’s first quarter 2008 report on group benefits sales, The Hartford retained its No. 1 ranking in fully insured group disability sales that it has held since 2006 and holds the No. 2 ranking in group life sales from the full year 2007 report.
Marty Swanson, vice president and chief marketing officer, will lead marketing for both GBD and RPG. He is now responsible for ensuring consistent messaging for the organization and uncovering unique business opportunities across EMG’s markets.
Harry Monti, senior vice president, is responsible for leading operations and service for EMG. In addition, Monti is charged with leading the integration of RPG’s recent acquisitions and helping to develop a multi-site strategy across EMG. In his previous role as head of GBD's claim and service operations, Monti led GBD to impressive customer and claimant satisfaction scores, with more than 90 percent of customers surveyed completely or mostly satisfied with overall claim service.
EMG brings together two dynamic, fast-growing businesses that serve employers. GBD is a proven industry leader and RPG has become one of the Hartford’s fastest growing businesses.
Earlier this year, The Hartford completed the purchase of three retirement plans businesses. These acquisitions illustrate the company’s commitment to serving all major markets, customers and types of retirement plans across the defined contribution and defined benefit spectrum. The three acquisitions are TopNoggin of Powell, Ohio, a defined-benefit group that offers top talent and cutting-edge technology; the Princeton Retirement Group’s alliance business of Atlanta and Winston-Salem, N.C., which brings private label capability and mid-market presence; and SunLife Retirement Services of Boston and Phoenix, a defined contribution record keeper that provides entry into the large retirement plan market.
Davey said EMG wants to stoke its fast-growing group benefits and retirement plans businesses, in part by making the most of complementary business opportunities with employers and sharing best practices. Already, EMG has seen those efforts pay off, he said.
For example, The Hartford is a leader in providing retirement plans to government employees through its 457 plans. Tapping RPG’s knowledge in the government market has helped GBD more than double its premium for group life and disability coverage provided in this market, according to Davey.
“There are tremendous opportunities in the employer market that The Hartford will be able to capitalize on going forward,” Davey said. “Increasingly, employers are offering benefits such as group life and disability coverage to employees on a voluntary or contributory basis in much the same way that participants in defined contribution plans have taken on increasingly more responsibility for their own financial security. Both our group benefits and group retirement plans businesses will be learning from each other, improving how they can best serve the needs of our customers.” About The Hartford The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-L Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
HFF US4165151048 (Nachrichten) HARTFORD FINL SVCS GRP 0.253 EUR
01.12.2008 20:10
The Hartford To Webcast Investor Day on December 5
The Hartford Financial Services Group, (News) Inc. (NYSE: HIG) announced today that it will host a live webcast of its previously scheduled investor day meeting in New York on Friday, December 5 from 9:00 a.m. - noon EST. The webcast and slide presentation, as well as a replay of the webcast, will be available on the company's Web site at http://ir.thehartford.com. Replays of the webcast will be available later that day and accessible for up to one year on The Hartford's investor relations Web site.
The current agenda for the meeting is as follows:
* Corporate Overview
* Investment Overview
* Financial Overview
* Corporate Q&A
* Operations Overview
* Life Operations Overview
* Property and Casualty Operations Overview
* Operations Q&A
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
The Hartford Soars on Higher Outlook; Strong Capital Reassures Investors
By Lilla Zuill and Jonathan Stempel
December 5, 2008
Hartford Financial Services Group Inc. shares soared as much as 52 percent Friday after the company boosted its 2008 profit forecast and said it had more than enough capital to withstand significant further deterioration in equity markets.
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The outlook provided reassurance to investors who had driven Hartford's shares down 92 percent this year on worries the property and casualty insurer could run short of capital needed to back policies.
The shares were up $2.62 to $9.83 in morning trading on the New York Stock Exchange after earlier rising to $10.95.
"We are well capitalized to withstand further downdrafts in equity markets," Chief Executive Ramani Ayer said at an investor presentation. "We expect investments will recover even in a severe recession scenario. And we are taking steps to de-risk our annuities business."
The Hartford, Connecticut-based insurer now expects full-year profit per share, excluding some investments, of $4.70 to $4.90, up from an Oct. 29 forecast of $4.30 to $4.50.
Analysts on average expected $4.38 per share, according to Reuters Estimates.
Hartford said the higher outlook reflected an increase of 62 cents per share from the release of $300 million of reserves for property and casualty claims.
Offsetting this were lower-than-expected investment results as equity markets tumble. The outlook assumes the Standard & Poor's 500 index ends the year at 860, about 2 percent above Thursday's close. Ayer said Hartford could withstand capital erosion even if the S&P 500 fell below 700.
Hartford has been rebuilding capital after poor investment results led to a $2.63 billion third-quarter loss.
In October the company raised $2.5 billion from German insurer Allianz SE.
Last month Hartford agreed to buy a small Florida thrift and said it would apply to become a savings and loan holding company, making it eligible to receive up to $3.4 billion under the government's $700 billion financial rescue plan.
Hartford characterized its capital level as strong, warranting at least a "double-A" credit rating, and said it held more than $12 billion of cash, short-term investments and U.S. Treasuries as of Nov. 30.
(Reporting by Jonathan Stempel and Lilla Zuill; Editing by Lisa Von Ahn)
The Hartford Holds New York Investor Meeting
The Hartford Financial Services Group, (News) Inc. (NYSE: HIG):
* Company increases 2008 guidance range to $4.70 to $4.90
* Operating businesses continue to perform well in challenging environment, reflecting strong underwriting in P&C Operations and sharpening of focus in Life Operations
* Year-end capital outlook for company's Life and Property and Casualty Operations remains strong
At its investor meeting today, The Hartford Financial Services Group, Inc. (NYSE: HIG), will discuss the company's operating businesses, financial strength, capital position and investment portfolio, among other items. The event will take place from 9 a.m. to noon EST today and a live audiocast and accompanying slides will be available at http://ir.thehartford.com/.
OPERATING BUSINESSES PERFORMING WELL
”The Hartford's operating businesses are performing well, particularly in light of the challenging markets,“ said Ramani Ayer, The Hartford's chairman and chief executive officer. ”Our property and casualty business is positioned to deliver strong underwriting results in 2009. In our life businesses, we will continue to focus on businesses with long-term growth opportunities and on enhancing our leadership positions in group benefit and individual life markets.“
CAPITAL REMAINS STRONG
”The Hartford is well capitalized and has ample liquidity. Our statutory surplus exceeded $13 billion as of September 30, 2008 and we hold more than $12 billion in cash, short-term investments and Treasuries, as of November 30, 2008. Our property and casualty operations are capitalized at levels higher than those historically associated with a AA level rated company,“ said Ayer.
”In addition, the capital outlook for our life operations through year-end indicates more than sufficient capital in current market conditions, and even assuming significant additional market deterioration. Our currently available capital resources will allow us to maintain a 325 percent RBC ratio at year end even if the S&P 500 ends the year at 700 and would still leave untapped $2.85 billion of existing capital resources. In addition, we have ample liquidity with no senior debt maturing until mid-2010,“ added Ayer.
INVESTMENT PORTFOLIO ECONOMICALLY SOUND
”We are confident in the long-term economic value of our almost $90 billion investment portfolio,“ said Ayer. ”Under severe recession scenarios we expect our portfolio to hold up quite well. Potential economic losses would be manageable under such scenarios. Our commercial mortgage-backed securities (CMBS) are highly rated with significant credit protection, and are broadly diversified by geography, property type and maturity date.“
The company expects to recover the vast majority of its unrealized loss position as of October 31, 2008, even in a deep recession.
REDUCING RISK IN VARIABLE ANNUITIES
The Hartford also reiterated its plans to reduce the risk in its variable annuity businesses. ”The severe decline in equity markets and unprecedented levels of volatility in 2008 have caused capital strain for companies across the life industry. As we said in our third quarter earnings conference call, we are in the midst of reviewing our U.S. and international variable annuity businesses. Our plans are to reassess product features and pricing in light of consumer preferences, risk management and capital needs with the goal of substantially reducing the risk arising out of our variable annuity businesses,“ added Ayer.
REVISED GUIDANCE REFLECTS CURRENT MARKET CONDITIONS
The Hartford also announced today that it is revising its full year 2008 guidance to reflect the fourth quarter prior period reserve releases in its property and casualty operations, as well as the current market environment. The Hartford currently expects 2008 core earnings per diluted share** to be between $4.70 and $4.90. The guidance contained within this news release is subject to unusual or unpredictable benefits or charges that might occur in the fourth quarter of 2008. Historically, the company has frequently experienced unusual or unpredictable benefits and charges that were not anticipated in previously provided guidance.
The 2008 guidance assumes the following items:
* U.S. equity markets end the year at an S&P 500 level of 860;
* A net investment loss from limited partnerships and other alternative investments of $240 million, pre-tax, for the period from October 1, 2008 to December 31, 2008;
* A pre-tax underwriting loss of $5 million for the period from October 1, 2008 to December 31, 2008 from other operations in property and casualty. In the last several years, underwriting losses in other operations have differed materially from the assumptions incorporated in guidance;
* Catastrophe losses of $40 million, pre-tax, for the fourth quarter of 2008;
* Property and casualty reserve releases of approximately $300 million, pre-tax;
* A decrease in core earnings of $145 million to $185 million, after-tax, related to an account value trigger on a Japanese variable annuity product (3Win);
* No off-cycle DAC unlock before the end of 2008; and
* Diluted weighted average shares outstanding of 313 million for full year 2008.
The company's actual experience in 2008 will almost certainly differ from many of the assumptions described above, due to a number of factors including, but not limited to, the risk factors set forth in the company's Form 10-Q Quarterly Reports and 2007 Form 10-K Annual Report, significant changes in estimated future earnings on investment products caused by changes in the equity markets, DAC amortization and our effective tax rate, up and down, that are difficult to anticipate or forecast, changes in loss-cost trends in the property and casualty businesses, catastrophe losses at levels different from assumptions and developments emerging as a result of changes in estimates arising from the company's regular review of its prior-period loss reserves for all lines of insurance, including annual ground-up reviews of long-term latent casualty exposures, including environmental claims, and the recoverability of reinsurance for these claims.
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F
* According to the National Association of Insurance Commissioners, the risk-based capital ratio is a measurement of the amount of capital (assets minus liabilities) an insurance company has as a basis of support for the degree of risk associated with its company operations and investments.
**Core earnings per share is calculated based on the non-GAAP financial measure core earnings. The Hartford believes that the measure core earnings per share provides investors with a valuable measure of the company's operating performance for many of the same reasons applicable to its underlying measure, core earnings. Net income per share is the most directly comparable GAAP measure. Core earnings per share should not be considered as a substitute for net income per share and does not reflect the overall profitability of the company's business. Therefore, The Hartford believes that it is useful for investors to evaluate both net income per share and core earnings per share when reviewing the company's performance. No reconciliation of estimated 2008 net income per share to 2008 estimated core earnings per share is provided because such a reconciliation is not available without unreasonable efforts.
Some of the statements in this release should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about The Hartford's future results of operations. The Hartford cautions investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include, without limitation, the difficulty in predicting the potential effect from the legislation and other governmental initiatives taken in response to the current financial crisis; the difficulty in predicting the company's potential exposure for asbestos and environmental claims; the possible occurrence of terrorist attacks; the response of reinsurance companies under reinsurance contracts and the availability, pricing and adequacy of reinsurance to protect the company against losses; changes in financial and capital markets, including changes in interest rates, credit spreads, equity prices and foreign exchange rates; the inability to effectively mitigate the impact of equity market volatility on the company's financial position and results of operations arising from obligations under annuity product guarantees; the possibility of unfavorable loss development; the incidence and severity of catastrophes, both natural and man-made; stronger than anticipated competitive activity; unfavorable judicial or legislative developments; the potential effect of domestic and foreign regulatory developments, including those which could increase the company's business costs and required capital levels; the possibility of general economic and business conditions that are less favorable than anticipated; the company's ability to distribute its products through distribution channels, both current and future; the uncertain effects of emerging claim and coverage issues; the amount of statutory capital that the Company has and the Company's ability to hold sufficient statutory capital to maintain financial strength and credit ratings; a downgrade in the company's financial strength or credit ratings; the ability of the company's subsidiaries to pay dividends to the company; the company's ability to adequately price its property and casualty policies; the ability to recover the company's systems and information in the event of a disaster or other unanticipated event; potential for difficulties arising from outsourcing relationships; potential changes in Federal or State tax laws, including changes impacting the availability of the separate account dividends received deduction; losses due to defaults by others; the company's ability to protect its intellectual property and defend against claims of infringement; and other risks and uncertainties discussed in The Hartford's Quarterly Reports on Form 10-Q, the 2007 Annual Report on Form 10-K and other filings The Hartford makes with the Securities and Exchange Commission. The Hartford assumes no obligation to update this release, which speaks as of the date issued.
ax
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Prior Global - Hartford Financial Verdoppelungspotenzial
10:36 18.12.08
Frankfurt (aktiencheck.de AG) - Die Experten von "Prior Global" sehen bei der Aktie von Hartford Financial (Profil) bei einer Erholung der Kapitalmärkte ein Verdoppelungspotenzial.
Die Experten hätten mit Führungskräften des Unternehmens gesprochen. Hartford sei ein führender Lebens- und Unfallversicherer in Nordamerika, der rund 90 Milliarden USD Anlagekapital verwalte. Die Prämieneinnahmen würden sich derzeit auf jährlich 26 Milliarden USD belaufen. Nach der Schieflage bei AIG und zahlreichen Bankenpleiten hätten Börsianer bei Hartford die Nerven verloren. Die Aktie sei binnen Jahresfrist von mehr als 90 USD auf 4 USD abgestürzt. Das Management habe aber die Sorgen der Investoren ausräumen können.
Konzernlenker Ramani Ayer habe mitgeteilt, dass etwa 60% der Gewinne in den ersten neun Monaten aus dem Kerngeschäft und 40% aus den Investmentaktivitäten stammen würden. Zudem habe man ausreichende Liquidität von mehr als 11 Milliarden USD. Auf der Bilanz würden freilich unrealisierte Verluste von 6,8 Milliarden USD lasten. Wenn sich die Börsen erholen würden, werde dieses Minus nach Ansicht der Experten aber stark schrumpfen.
Bis Silvester peile die Finanzchefin Lizabeth Zlatkus einen Gewinn je Anteilsschein von 4,30 bis 4,50 USD an. Seit Mitte November habe sich die Aktie von ihrem Tief bei 4 auf aktuell 17,28 USD erholt. Der Kursaufschwung dürfte sich nach Meinung der Experten fortsetzen. Beim anvisierten EPS liege das KGV bei nur 4. Die Marktkapitalisierung betrage lausige 5,2 Milliarden USD. Im Kontrast dazu mache das Eigenkapital 16,8 Milliarden USD aus. Selbst wenn man den Buchwert vorsichtshalber großzügig auf 13 Milliarden USD korrigiere, notiere das Papier massiv unterhalb seines Substanzwertes.
Die Experten von "Prior Global" sehen bei der Aktie von Hartford Financial bei einer Erholung der Kapitalmärkte ein Verdoppelungspotenzial. (Ausgabe 50 vom 18.12.2008) (18.12.2008/ac/a/a)
http://ih.advfn.com/...a&cb=1229759248&article=34727800&symbol=NY^HIG
18.12.08 The Hartford Extends Alliance With U.S. Paralympics
http://ih.advfn.com/...a&cb=1229759248&article=34747740&symbol=NY^HIG
18.12.08 Current report filing (EDGAR / 8-K)
http://ih.advfn.com/...a&cb=1229759248&article=34753667&symbol=NY^HIG
18.12.08 Hartford Financial Verdoppelungspotenzial
http://www.newratings.de/du/main/company_headline.m?id=1851850
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07.01.2009 14:22
Intuit Payroll and The Hartford Simplify Workers’ Comp Premium Payments for Small Businesses
XactPAY Web Eliminates Large Premium Down Payments; Helps Manage Cash Flow
It just got easier and more efficient for small business employers to pay their workers’ compensation insurance premiums and manage their cash flow. Intuit Inc. (News) (Nasdaq:INTU) and The Hartford (News) (NYSE:HIG) have entered into a strategic alliance to offer The Hartford’s XactPAY Web® workers’ compensation premium payment service to Intuit Payroll’s more than one million customers free of charge. And, they will market Intuit Payroll, designed to help small businesses quickly, easily and confidently set up and manage payroll, to the customers of The Hartford’s small business commercial agents.
XactPAY Web, fully integrated with Intuit QuickBooks Payroll, automatically calculates the premiums for Hartford-issued workers’ compensation policies each time payroll is run using QuickBooks Payroll. Payments are then automatically drawn from the employer’s bank account each pay period, eliminating the hassle of writing checks. Upon request, employers can receive e-mail notifications before payments are made and monthly detailed reports from The Hartford. The XactPAY Web premium payment service is free of charge to Intuit QuickBooks Payroll customers that also have Hartford-issued workers’ compensation policies.
The combination of Intuit Payroll and The Hartford’s XactPAY Web premium payment service enables small business owners to pay Hartford workers’ compensation premiums one payroll at a time. This helps improve the business’ cash flow by eliminating the need for large down payments and minimizing the potential for year-end audit adjustments. Traditional billing methods can crimp cash flow by requiring employers to pay all or part of the year’s workers’ compensation premiums in advance, potentially tying up thousands of dollars at the beginning of each year.
”With this free solution, The Hartford and Intuit aim to help small businesses where it matters most - keeping more cash on hand,” said Cameron Schmidt, vice president of Intuit’s payroll division. ”This initiative is the beginning of what we hope will be a long alliance dedicated to helping small businesses thrive.”
”We’re pleased to offer Hartford agents and our valued policyholders a unique premium calculation solution through our alliance with Intuit, a leader in providing small businesses with cash flow management tools,” added Donato Monaco, vice president of The Hartford’s Payroll Alliances Center. ”Leveraging nearly 200 years of insurance experience, we developed XactPAY Web Special Edition for QuickBooks to provide Hartford policyholders with a solution that automatically splits up their workers’ compensation premium into manageable installments, helping small businesses manage cash flow.”
Getting started
Intuit Payroll subscribers can learn more about The Hartford’s XactPay Web billing service by calling The Hartford at 1-877-633-6546 or submiting a request online. To learn more about Intuit Payroll, visit www.qbpayroll.com/hartford. For more information about your local state workers’ compensation requirements go to the Office of Workers’ Compensation Programs.
This strategic alliance to offer The Hartford’s XactPAY Web workers’ compensation premium payment service to Intuit Payroll’s customers is just one example of Intuit’s renewed company-wide focus on helping consumers and small businesses save and make money. While this benefit is particularly relevant in today’s environment, it has and always will be Intuit’s hallmark as it continues to deliver innovative products and services for its customers.
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation’s largest diversified financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford’s Internet address is www.thehartford.com.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation software suites for professional accountants. The company’s financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2008. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
XactPAY Web® is a special edition for QuickBooks users with (1) the 2006 or newer version of QuickBooks Pro/Premier/Enterprise U.S. PC (XactPay Web is not available to QuickBooks Simple Start users), and (2) a subscription for Intuit QuickBooks Basic, Standard, Enhanced or Assisted Payroll (XactPay Web is not available to QuickBooks Online Payroll subscribers). The purchase of a Hartford Workers’ Compensation policy is necessary to utilize the XactPAY Web® service. All insurance policies offered by The Hartford are sold through licensed insurance producers or agents appointed by The Hartford.
Intuit Inc. is not a licensed insurance producer or agent of The Hartford. Employee Matters Insurance Agency, Inc., a wholly owned subsidiary of Intuit Inc., is an appointed agent of all or some of the property and casualty insurance company subsidiaries of The Hartford. Intuit Inc. receives a royalty fee from The Hartford in connection with The Hartford’s use of the Intuit name, marks and other property, which are used for purposes of marketing the XactPay Web® service.
Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
Contacts:
Intuit Inc.
Michael Porcaro, 650-944-6509
michael_porcaro@intuit.com
or
Access Communications
Anna Pignataro, 415-844-6216
apignataro@accesspr.com
or
The Hartford
Thomas Hambrick, 860-547-9746
Thomas.hambrick@thehartford.com
09.01.2009 20:01
The Hartford To Release Fourth Quarter And Full Year 2008 Financial Results On February 5
Conference call to be webcast February 6 at 10 a.m. EST
The Hartford Financial Services Group, (News) Inc. (NYSE: HIG) will release its fourth quarter and full year 2008 financial results on Thursday, February 5, 2009, following the close of the market.
The company’s conference call to discuss its financial results will take place on Friday, February 6, 2009, at 10 a.m. EST and will be simultaneously webcast at http://ir.thehartford.com.
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-F
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
Contacts:
The Hartford Financial Services Group, Inc.
Media Contact(s):
Shannon Lapierre, 860-547-5624
Shannon.lapierre@thehartford.com
or
Investor Contact(s):
JR Reilly, 860-547-9140
JR.Reilly@thehartford.com
Hartford Financial, Lincoln National Receive Thrift Charters
09.01.2009 4:32 PM EST
WASHINGTON -(Dow Jones)- Hartford Financial Services Group (HIG) and Lincoln National Corp. (LNC) were granted thrift charters Friday, clearing a hurdle for their insurance affiliates to receive capital infusions under the Troubled Asset Relief Program.
Hartford Financial has a number of life-insurance affiliates, while Lincoln National is the parent of Lincoln National Life Insurance Co.
The Office of Thrift Supervision announced the approval of the thrift charters for Hartford and Lincoln on its Web site.
The life-insurance industry has been lobbying to receive federal rescue aid under TARP, as insurers' investment portfolios have been badly battered by the financial turmoil.
The Treasury told the industry that only companies with a federal regulator are eligible for the program. Some insurers, such as MetLife (MET), have long held thrift charters. The industry, however, is almost exclusively regulated at the state level.
-Jessica Holzer, Dow Jones Newswires; 202-862-9228; jessica.holzer@ dowjones.com