More From This User
cflcleanup
What to Do if a Compact Fluorescent Light (CFL) Bulb or Fluorescent Tube Ligh...
Copyright ©2009 by The Hartford. Confidential. For internal distribution only.All rights reserved. No part of this document may be reproduced,published or posted without the permission of The Hartford.
Hartford Financial Services Group, Inc.Hartford Financial Services Group, Inc.
Ramani Ayer, Chairman and Chief Executive Officer Ramani Ayer, Chairman and Chief Executive Officer
Keefe, Bruyette & Woods2009 Insurance Conference
September 10, 2009
2
Certain statements made in this presentation should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about The Hartford’s future results of operations. We caution investors that these forward-looking statements are notguarantees of future performance, and actual results may differ materially.Investors should consider the important risks and uncertainties that may causeactual results to differ, including those discussed in The Hartford’s pressrelease issued on July 29, 2009, our Quarterly Reports on Form 10-Q for thequarters ended March 31, 2009 and June 30, 2009, our 2008 AnnualReport onForm 10-K and other filings we make with the Securities and ExchangeCommission. We assume no obligation to update this presentation, whichspeaks as of today’s date.The discussion in this presentation of The Hartford’s financial performanceincludes financial measures that are not derived from generally acceptedaccounting principles, or GAAP. Information regarding these non-GAAP andother financial measures, including reconciliations to the most directlycomparable GAAP financial measures, is provided in the Investor FinancialSupplement for the second quarter of 2009, in The Hartford’s press releaseissued on July 29, 2009, and in the Investor Relations section of The Hartford’swebsite at www.thehartford.com.
Safe Harbor Statement
3
The Hartford is focused on the path forward
•Strategy in place to move forward with both P&C and Life operations
-Restructuring of global annuity business is underway-Juan Andrade named to head P&C operations-Expense control remains a focus –on target to deliver $400 million expensebase reduction going into 2010
•Capital position has been strengthened
-$3.4 billion investment from U.S. Treasury completed in June-$900 million discretionary equity raise completed following release of secondquarter earnings
•Improved equity and credit markets having a favorable impact oninvestment portfolio and customer account values
of 00
The Hartford Kbw_final
1,374 Reads
Info and Rating
| Category: | Uncategorized. |
| Rating: | |
| Upload Date: | 11/27/2009 |
| Copyright: | Attribution Non-commercial |
| Tags: |
Leave a Comment