Hartford Insurance

Hartford Insurance is one of the largest insurance providers of the nation, and provides various kinds of insurance services that includes group life, group disability and other kinds of individual life insurance products. The Company was founded in the ear 1810, and is considered to be the oldest of the subsidiaries of Hartford Insurance. In the year December 2005, the total assets and stockholders equity of the company was considered to be $ 285.6 billion and $ 15.3 billion. The company is a holding company and is quite distinct from its subsidiaries. It has no significant operations of its own, thus making full reliance on the dividends from the in insurance companies. The company has always made efforts to maintain a balance and thereby enhance its position as a market leader in the case of insurance. There is a strategy of the company that helps in the development and selling of diverse and innovative products, through the many distribution channels, thereby developing and distributing the distribution channels, by achieving the cost efficiencies, and maintaining different techniques of risk management and also prudent underwriting techniques, that capitalizes on the brand name of the company.
There are two major operations of the company, in the form of Life and Property and Casualty Insurance, and each of these consists of different segments. It was in the quarter ended December 31 2005, that there was a change in the reporting segments in order to reflect the manner by which the different decision makers view the managent. There is also maintenance of retail mutual fund operation, through which the company provides different kinds of investment management and administrative services to the families of 48 mutual funs and different investors. The mutual funds of the company are owned by the shareholders of those funds and not by Hartford Insurance. The business of the company is conducted in ten operating segments, and many times includes the different debt financing and related interest expenses as well as certain purchase accounting
Hartford Insuranceretail has been offering fixed, variable and retail mutual funds, that includes different types of stable value products, including structured settlements, and also annuities. Today Hartford Life Insurance is one of the most consolidated life insurance groups, that is based on the statutory assets, under the management, as on December 31, 2005.Today the company is one of the largest insurance providers of the United States, with the third party assets of $ 32.7 billion. There is also a life generated income of $1.2 billion, $1.4 billion and $845 in 2005, 2004 and 2003, respectively.