The Hartford Insurance Group, Inc. Closes Equitable Employee Benefits Acquisition

The Hartford (HIG) completed its acquisition of Equitable’s Employee Benefits business, adding group life, disability, and other coverage to its portfolio. The deal includes technology for managing benefits and approximately 300 employees. HIG’s CEO stated it strengthens the company’s position in employee benefits and small business segments. Financial terms were not disclosed.

The Hartford (HIG) completed the acquisition of a benefits business representing about $500 million in insurance premiums. The deal expands its non-medical product offerings and technology for small and midsize employers, including group life, disability, and supplemental health coverage. The transaction also includes approximately 300 employees and technology for unified digital capabilities. Financial terms were not disclosed.

The Hartford Insurance Group (HIG) announced that President A. Morris 'Mo' Tooker will succeed Christopher Swift as CEO on March 1, 2027. Tooker will join the board on October 1, 2026, while Swift will become executive chair.

Hartford received $1.12B from Berkshire Hathaway's National Indemnity to settle an asbestos reinsurance dispute and terminate their 2016 agreement. The settlement resolves an arbitration and results in a $497M pretax gain for Hartford, boosting Q3 2026 net income by $393M.

Chubb (CB) beat estimates but fell 2.3% to $346.63. AIG (AIG) missed expectations with $7.11B revenue, down 3.2% to $77.39. Kemper (KMPR) reported $1.12B revenue, down 9.1%, and fell 5.5% to $27.67. All three companies missed key analyst estimates.

Hartford Financial Services Group (HIG) said it will acquire Equitable Holdings’ employee benefits business for about $500 million in premium, including related technology. The deal targets small and midsize employers and will add about 300 employees. Financial terms were not disclosed. Hartford expects closing in Q4 2026 and said it won’t change prior capital plans.