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Hartford Financial Services Group Inc - SWOT, Strategy and Corporate Finance Report

Hartford Financial Services Group Inc: Company Profile - New SWOT Analysis

The Hartford Financial Services Group Inc (Hartford or the group) is a financial services group engaged in the provision of insurance and financial services. The group offers annuities, mutual funds, college savings plan, life insurance, non-life insurance, asset management, retirement plans and investment management through its various subsidiaries. Hartford primarily operates in the US, Japan, Brazil, Ireland and the UK. It is headquartered in Hartford, the US and employed 24,400 people as on 31st December 2011. The group recorded revenues of $21,859 million during the financial year ended December 2011 (FY2011), a decrease of 0.9% over FY2010. The net profit was $620 million in FY2011, a decrease of 46.8% over FY2010.The operating profit of the group was $230 million in FY2011, a decrease of 90.2% over FY2010.
Net profit is higher than operating profit due to tax benefits and income from discontinued operations

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