Item 2.02 Results of Operations and Financial Condition.
On April 16, 2021, The Hartford Financial Services Group, Inc. (the "Company")
issued a press release announcing, among other things, certain preliminary
financial information for first quarter 2021. A copy of the press release is
furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On April 16, 2021, the Company issued a press release announcing that it has
entered into a Settlement Agreement and Release (the "Agreement") with the
national organization of the Boy Scouts of America ("BSA") pursuant to which the
Company will pay $650 million, before tax, for sexual abuse claims associated
with policies mostly issued in the 1970s. The Agreement, entered into after
extensive negotiations, contemplates that, in exchange for the Company's
payment, the BSA and its local councils will fully release the Company from any
obligation under policies it issued to the BSA and its local councils. The
Agreement is in connection with BSA's Chapter 11 bankruptcy and will become
effective upon the occurrence of certain conditions, including confirmation of
the BSA's global resolution plan, executed releases from the local councils, and
approval from the abuse claimants and bankruptcy court. The Company and the BSA
hope to receive court approval in the third quarter of 2021, but this could be
delayed for various procedural reasons. A copy of the press release is furnished
herewith as Exhibit 99.1 and is incorporated herein by reference.
The information furnished pursuant to Items 2.02 and 7.01, including Exhibit
99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liabilities under that Section and shall not be deemed to be incorporated by
reference into any filing of the Company under the Securities Act of 1933, as
amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
Exhibit No.
Press Release of The Hartford Financial Services Group, Inc. dated
99.1 April 16, 2021
101 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document.
104 The cover page from this Current Report on Form 8-K, formatted as
Inline XBRL.
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