The Hartford (NYSE: HIG), a leading property and casualty insurance company with over 200 years of expertise, announced the strategic appointment of Thomas Bartlett to its Board of Directors effective July 1, 2025. Bartlett brings a wealth of experience, having served as CEO and president of American Tower Corp. from 2020 to 2024 and with extensive financial leadership spanning roles at Verizon Communications. His appointment bolsters The Hartford’s governance by adding a seasoned financial and operational executive dedicated to advancing the company’s growth, risk management, and innovation agenda.
Bartlett will join the Finance, Investment and Risk Management Committee as well as the Audit Committee, enhancing these critical oversight functions with his deep multi-industry experience. Chairman and CEO Christopher Swift highlighted Bartlett’s strategic value: “His depth of C-suite experience, as well as financial and operational leadership, are strategic complements to the board. We look forward to Tom joining the board as we continue to drive shareholder growth through innovation and customer centricity.”
This governance development arrives amid The Hartford’s robust financial momentum. For FY 2024, the company reported total revenues of \(26.38 billion and a net income of \)3.11 billion, underscoring strong profitability in a competitive insurance marketplace. Operating cash flow stood at \(5.91 billion, reflecting solid cash generation capabilities. The company maintains a strong balance sheet with total assets at \)80.92 billion and liabilities at $64.47 billion.
Recent earnings calls indicate The Hartford’s strategic focus on disciplined underwriting, pricing execution, and technological advances utilizing data science to drive profitable growth. In Q2 2024, Commercial Lines revenue grew by 11% with an underlying combined ratio of 87.4, marking the 13th consecutive quarter under 90—demonstrating consistent underwriting profitability. Personal Lines grew 14% with improving margins, while Group Benefits reported a core earnings margin of 10%, all contributing to a trailing 12-month core earnings ROE of 17.4%. Capital strength is exemplified by the Board’s approval of a $3.3 billion share repurchase program, enhancing shareholder value.
Bartlett’s financial and operational leadership experience in a global real estate investment trust and communications sectors brings critical insights into navigating regulatory complexities, economic fluctuations, and technological disruptions—key factors for financial and insurance sectors. His expertise is timely, given the sector’s sensitivity to interest rates, credit conditions, and economic cycles.
The Hartford’s new board member appointment and ongoing financial performance signal a strong outlook as the company balances growth, operational excellence, and shareholder returns amid evolving market conditions. The integration of Bartlett’s strategic perspectives will be pivotal in sustaining this trajectory of disciplined growth and operational rigor.
For a detailed look at The Hartford’s appointment and financial performance, visit the original SEC filing here: https://sec.gov/Archives/edgar/data/874766/000087476625000058/a05282025-newsreleasexboar.htm.
Tags: HIG, The Hartford, Q2 2025, insurance industry growth, board of directors appointment, financial leadership