Android app on Google Play

Hartford Financial (HIG) Plans $1.2B Special Dividend

February 4, 2013 4:26 PM EST Send to a Friend
Hartford Financial Services Group, Inc. (NYSE: HIG) as reviewed with the Connecticut Insurance Department its capital management plans and that it has received approval from the Department for a $1.2 billion extraordinary dividend from its Connecticut domiciled life insurance companies. In addition, it expects to dissolve the company's Vermont life reinsurance captive and return approximately $300 million of surplus to the holding company. These actions are expected to be completed by the end of the first quarter of 2013.




You May Also Be Interested In


Related Categories

Dividends, Special Dividends

Related Entities

Dividend

Add Your Comment