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THE HARTFORD FINANCIAL SERVICES GROUP, INC.

(HIG)
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The Hartford : Enhances Group Life And Disability Coverage For Medical Professionals

06/02/2021 | 08:31am EDT

Product offers more flexible plan designs and new optional benefits to meet the specialized needs of professionals at medical practices

The Hartford has expanded its group life and disability offering for medical groups, ProtectProSM, to include more flexible plan designs and new coverage options tailored specifically to meet the unique needs of medical professionals.

“The focus on the essential work of medical professionals and the need to protect their income when the unexpected strikes have never been greater,” said Matt Montminy, head of product and strategy for Group Benefits at The Hartford. “For nearly 30 years, The Hartford has provided specialized income protection to employees of medical groups. We are committed to serving physicians and their practices with products and services customized to their unique needs.”

ProtectPro customers have access to The Hartford’s dedicated underwriting, customer service and claims teams who specialize in serving medical groups. In addition to flexible plan designs, new optional benefits include:

  • Specialty coverage for nurse practitioners, physician assistants, certified registered nurse anesthetists and other non-physician providers that protects them based on what they do on the job at their medical group;
  • A student loan credit benefit to help defray the costs of student loans when a covered employee has partially returned to work while receiving long-term disability benefits; and
  • A medical premium supplement benefit that helps cover all or part of a claimant’s COBRA Medical Premium while receiving long-term disability benefits.

“As employment for non-physician medical professionals is projected to grow1, the right benefits package can help ensure these employees are protected and can help medical practices attract and retain talent,” Montminy added.

The Hartford is a leading provider of employee benefits products and services, including leave management, group life and disability insurance, as well as other voluntary products. For more information about ProtectPro, visit www.thehartford.com/protectpro.

About The Hartford

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford 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. Follow us on Twitter at @TheHartford_PR.

The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.

HIG-E

1Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners, at https://www.bls.gov/ooh/healthcare/nurse-anesthetists-nurse-midwives-and-nurse-practitioners.htm (visited May 12, 2021).

Benefits may vary and may not be available in all states.

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 2020 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 and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com, Twitter account at www.twitter.com/TheHartford_PR and Facebook at https://facebook.com/thehartford. 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 https://ir.thehartford.com.


ę Business Wire 2021
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Financials (USD)
Sales 2021 20 927 M - -
Net income 2021 2 148 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,4x
Yield 2021 2,20%
Capitalization 22 088 M 22 088 M -
Capi. / Sales 2021 1,06x
Capi. / Sales 2022 1,02x
Nbr of Employees 18 500
Free-Float 90,3%
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Number of Analysts 17
Last Close Price 63,62 $
Average target price 75,20 $
Spread / Average Target 18,2%
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Managers and Directors
Christopher J. Swift Chairman & Chief Executive Officer
Douglas G. Elliot President
Beth Ann Costello Chief Financial Officer & Executive VP
William A. Bloom Executive Vice President-Operations & Technology
Deepa Soni Chief Information Officer
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