The Hartford Financial Services Group (NYSE: HIG) is an insurance and financial services company which is one of the largest providers of property & casualty insurance and life insurance products in the U.S. Further, the company also sells mutual funds and exchange-traded funds in domestic and international markets.
Property & Casualty Segment:
This is the company's largest segment in terms of revenue, and provides insurance coverage to both businesses and individuals. It can be divided into three units:Commercial Property & Casualty:
provides workers’ compensation, property, automobile, general liability, fidelity and surety, and professional liability insurance to small- and mid-sized businesses.Consumer Property & Casualty:
provides automobile, homeowner and umbrella insurance coverage to individuals in the United States.Property & Casualty Investment Income:
represents income generated from investment of premiums earned from P&C (Property & Casualty) division into bonds, securities and such assets.