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The Hartford CEO Discusses Financial Results, Company Strategy At Shareholders’ Meeting

Shareholders approve board of directors, accounting firm and compensation-related proposals

May 18, 2016
"In 2016, we are focused on maintaining margins and underwriting discipline while tightly managing expenses to support ongoing investment in our capabilities and talent"

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford delivered strong financial results in 2015 and maintained its underwriting discipline, while investing in the operating capabilities and talent that are making the company a broader, deeper risk player and a more efficient, customer-focused company, The Hartford’s Chairman and CEO Christopher Swift said today at the company’s Annual Meeting of Shareholders.

The Hartford is executing a strategy that will enable the company to continue to deliver value to shareholders, customers and distributors. That strategy is focused in five key areas: product and risk expansion; distribution effectiveness; customer experience; creation of market-leading capabilities; and talent.

“In 2016, we are focused on maintaining margins and underwriting discipline while tightly managing expenses to support ongoing investment in our capabilities and talent,” Swift said.

During the business portion of the annual meeting, The Hartford’s shareholders took the following actions:

  • re-elected each director to the board for one-year terms;
  • ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2016;
  • approved, on an advisory basis, the compensation of the company’s named executive officers; and
  • approved, on an advisory basis, every “1 year” as the frequency with which shareholders are provided an opportunity to vote on named executive officer compensation.

About The Hartford

With more than 200 years of expertise, The Hartford (NYSE: HIG) is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com/. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford_PR.

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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 2015 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, 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.

From time to time, The Hartford may use its website to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at http://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at http://ir.thehartford.com.

Contact:

The Hartford
Media Contact:
Michelle Loxton, 860-547-7413
Michelle.loxton@thehartford.com
or
Matthew Sturdevant, 860-547-8664
matthew.sturdevant@thehartford.com
or
Investor Contact:
Sabra Purtill, 860-547-8691
sabra.purtill@thehartford.com

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