What Need Does It Serve?
Hartford Financial provides life Property & Casualty Insurance, Group Life Insurance and Mutual Fund services to
Its end users include:
Retail CustomersSmall to medium businesses,CorporationsOther institutions
What Are The Alternatives?
Hartford Financials business model faces stiff challenges and competition from offerings by its global competitors such as:American International Group Inc.
TravelersPrudential FinancialMetLifeNorthwestern Mutual Group
Has 3 operating segments?
Property & Casualty Segment: This is the company's largest segment in terms of revenue 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.
Group Life Insurance: This could be further divided into two sub-divisions:Group Life Insurance Premiums:
offers group life, disability, group retiree health, and voluntary insurance policiesGroup Life Investment Income:
represents income generated from investing Group Life Insurance premiums into bonds, securities and such assets.
Mutual Funds & Corporates: offers mutual funds, exchange-traded products, and investment management services to investors