Hartford Financial Services

Headquarters:
Hartford Plaza, 690 Asylum Avenue
Hartford, CT 06115
Employees: 30,000
CEO: Ramani Ayer
Stock Symbol: HIG

Website: http://www.thehartford.com

Career Site

The Hartford Financial Services Group is one of the largest investment and insurance companies in the United States. The Hartford Stag logo is a symbol of dependability.

The Hartford provides: mutual funds and annuities; life insurance and group and employee benefits; automobile and homeowners products; and business insurance.

The Hartford serves customers through independent agents and brokers, financial institutions, affinity groups and via the Internet. Approximately 11,000 independent agencies and more than 100,000 registered broker/dealers sell the company's products. The company is the largest seller of individual annuities in the U.S. and has been a provider of auto and homeowners insurance to members of AARP since 1984.

In 2005, revenues were $27.0 billion and net income was $2.2 billion.

The company has 30,000 employees worldwide. Of this total, 27,600 are in the United States and 11,500 in Connecticut.

The company was founded In 1810 when a group of Connecticut businessmen created the Hartford Fire Insurance Company which insured homes and businesses from fire risk, a major fear during this time.

Benefits

The Hartford offers: medical and dental coverage; group life insurance; disability coverage and accidental death and dismemberment. Employees can also receive discounts on annuities and personal insurance through payroll deduction.

Time Off Programs

- Vacation
- Personal Time
- Family and Medical Leave
- Flexible Care Days
- Holidays
- Jury Duty
- Military Leave
- Bereavement Leave

Investment Programs

The Hartford's Investment and Savings Plan, which includes a 401k Plan, lets employees invest from 2% to 16% of their before-tax or after-tax pay through payroll deduction. The company matches 50 cents for each dollar saved, up to the first 6% of pay. Employees may direct their contributions into a variety of investment options, from high risk to low risk. Eligibility begins after six months of service.

Another benefit of this Plan is the floor company contribution. Whether employees contribute to the 401K or not, the company contributes 1/2 of 1% of their semi-monthly base pay and invests it on the employee's behalf in company common stock.

Retirement Plan
The Retirement Plan provides employees with a lump sum benefit at retirement that is based on earnings and age. Retirement Plan eligibility begins immediately. Vesting occurs after five years of service.

Employee Stock Purchase Plan
With six months of service, employees may enroll in the Employee Stock Purchase Plan for the next available offering period. This Plan purchases company stock:
- at a 15% discount off the lower of the beginning or ending market price in the offer period
- with no broker commissions or transaction fees for the purchase
- through the convenience of payroll deduction

Other benefits
- Flexible Work Arrangements
- Wellness Program
- Employee Assistance Program
- Adoption Expense Benefit
- Education Assistance/Reimbursement Programs
- Matching Gifts
- U.S. Savings Bond Program
- Business Travel Accident
- Casual Dress Programs at designated times of the year
- Relocation Assistance

Updated July 2, 2006

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