Latest news with #ChristopherSwift
Associated Press
01-05-2025
- Health
- Associated Press
The Hartford's New Research Finds Continued Need Among Gen Z Workers For Mental Health Care
HARTFORD, Conn.--(BUSINESS WIRE)--May 1, 2025-- The Hartford, a leading provider of employee benefits and workers' compensation, announced key mental health findings from its annual research shows the ongoing mental health crisis continues to disproportionately affect the youngest generation in the workplace – Generation Z. The Hartford's 2025 Future of Benefits Study 1 found 40% of Gen Z workers feel depressed or anxious at least a few times per week and 46% say stigma prevents them from seeking mental health care. These findings were slightly lower than last year's results – 45% and 52%, respectively – but continue to be higher than other generations in the U.S. workforce. 'The need for employers to prioritize mental health – especially for Gen Z employees – has never been greater,' said The Hartford's Chairman and CEO Christopher Swift. 'By fostering a supportive work environment, we not only help them thrive but also create a culture of empathy and understanding that benefits all generations. When we invest in the well-being of our employees, we pave the way for a more resilient and healthier workplace.' In the national survey of U.S. employers and workers, more than half of working Americans (60%) would like their employer to provide more mental health resources. In addition, they said employers can improve resilience among employees by providing: More than half of employers (64%) say they would like to provide more mental health resources but do not have the budget. To help fill that gap, The Hartford is providing free mental health education and support for U.S. employers and employees with the help of these leaders in the national mental health movement: The Hartford and NAMI created a digital guide that outlines how to support someone experiencing a mental health crisis at work. The free resource includes how to spot the warning signs of someone struggling with a mental health condition, when to call 988 instead of 911, and how to support someone returning to work following a crisis. With The Hartford's support, Active Minds produced a podcast series and this guide for young adults joining the workforce. Also, thanks to The Hartford, Active Minds is taking its interactive exhibit called Send Silence Packing® to 60-80 colleges and communities this year, reaching more than half a million youth and young adults in the country. Additionally, The Hartford is collaborating with the Milken Institute on a two-year project about re-defining resiliency and leadership that will produce resources to reinforce whole-person health, adaptability and innovation in the workplace. 'We urge all employers to take proactive steps to dismantle stigma, increase mental health awareness, and provide additional support as part of a collective community response to the mental health crisis,' Swift added. 'Together, we can foster hope and improve lives.' The full report of The Hartford's 2025 Future of Benefits Study will be released in June. About The Hartford The Hartford is a leader in property and casualty insurance, employee 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 The Hartford Insurance 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-C 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 2024 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 channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at 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 View source version on CONTACT: Media: Kelly J. Carter 860-547-2122 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT INDUSTRY KEYWORD: OTHER PHILANTHROPY INSURANCE HUMAN RESOURCES FINANCE HEALTH MENTAL HEALTH PROFESSIONAL SERVICES PHILANTHROPY SOURCE: The Hartford Copyright Business Wire 2025. PUB: 05/01/2025 07:43 AM/DISC: 05/01/2025 07:43 AM
Yahoo
24-04-2025
- Business
- Yahoo
Hartford profit falls as California wildfire losses climb
(Reuters) - Hartford Insurance Group reported a 16% fall in first-quarter profit on Thursday, as catastrophe losses from the California fires piled up even though they were partially offset by a rise in income from investments. The California fires, one of the costliest natural disasters in American history, are estimated to have caused economic losses running up to $250 billion, dealing a major blow to insurers' earnings. Natural disasters have had a major effect on insurers, especially as the frequency of catastrophic weather-related incidents have increased. Hartford said that its property and casualty (P&C) current accident year catastrophe losses came in at $467 million, before tax, for the quarter. The California fires alone amounted to $325 million, net of reinsurance. In contrast, catastrophe losses came in at $161 million in the year-ago period. However, market and also environmental uncertainty allowed insurers to sell more products in the quarter as the need to protect assets and businesses rose. Hartford said that the P&C written premiums increased by 9% in the first quarter. "Disciplined underwriting and pricing execution, exceptional talent, and innovative customer-centric solutions continue to drive our performance in a dynamic market environment that included elevated industry-wide catastrophe losses," said Chairman and CEO Christopher Swift in a statement. Insurers typically allocate a portion of their capital across different asset classes, including fixed-income securities and equities, with returns often mirroring broader market trends. The insurer's investment income rose to $656 million from $593 million last year, partially offsetting the drop in quarterly profit. Net income available to common stockholders came in at $625 million, or $2.15 per share, in the three months ended March 31, compared to $748 million, or $2.47 per share, last year. The company changed its name to Hartford Insurance Group from Hartford Financial Services Group in the reported quarter.
Reuters
24-04-2025
- Business
- Reuters
Hartford profit falls as California wildfire losses climb
April 24 (Reuters) - Hartford Insurance Group (HIG.N), opens new tab reported a 16% fall in first-quarter profit on Thursday, as catastrophe losses from the California fires piled up even though they were partially offset by a rise in income from investments. The California fires, one of the costliest natural disasters in American history, are estimated to have caused economic losses running up to $250 billion, dealing a major blow to insurers' earnings. Natural disasters have had a major effect on insurers, especially as the frequency of catastrophic weather-related incidents have increased. Hartford said that its property and casualty (P&C) current accident year catastrophe losses came in at $467 million, before tax, for the quarter. The California fires alone amounted to $325 million, net of reinsurance. In contrast, catastrophe losses came in at $161 million in the year-ago period. However, market and also environmental uncertainty allowed insurers to sell more products in the quarter as the need to protect assets and businesses rose. Hartford said that the P&C written premiums increased by 9% in the first quarter. "Disciplined underwriting and pricing execution, exceptional talent, and innovative customer-centric solutions continue to drive our performance in a dynamic market environment that included elevated industry-wide catastrophe losses," said Chairman and CEO Christopher Swift in a statement. Insurers typically allocate a portion of their capital across different asset classes, including fixed-income securities and equities, with returns often mirroring broader market trends. The insurer's investment income rose to $656 million from $593 million last year, partially offsetting the drop in quarterly profit. Net income available to common stockholders came in at $625 million, or $2.15 per share, in the three months ended March 31, compared to $748 million, or $2.47 per share, last year. The company changed its name to Hartford Insurance Group from Hartford Financial Services Group in the reported quarter.
Globe and Mail
05-03-2025
- Business
- Globe and Mail
Shootin' the Bull about gut punching the cattle feeder
'Shootin' The Bull' End of Day Market Recap by Christopher Swift 2/27/2025 Live Cattle: Another gut punch today to cattle feeders with new historical widths of starting feeder/finished fat spread. These spreads are believed producing an agenda for which market share is sought. Nonetheless, inflation continues to reduce the buying power of the consumer, and packers have cut kills. All the while, cattlemen continue to pour capital into ownership of inventory. I see no reason to change strategies at the moment. The slightly higher futures has barely converged basis. This suggests that risk remains elevated with both basis and directional risk to contend with. It sure feels like something is going to give way. Whether that is to the upside or down, somebody has to have some relief. Feeder Cattle: Both futures and CME index are sitting at just under their previous highs. With great expectations of more inventory becoming available from south of the border and wheat pastures, it is more than interesting participants are pushing this issue to the very edge. I continue to believe cattle prices will follow the Moore Research seasonalities. Therefore, marketing within a few dollars of their known highs in futures and cash, with knowledge of how each derivative will impact your marketing's bottom line, it simply boils down to which risks you are willing to assume, how much of, and how much to pay for someone else to assume your risk. Then, the hard part is living with the consequence of your actions with the clarity of hindsight 20/20. Class III Milk: Milk was higher today. I continue to expect milk prices to rise. Corn: Downside targets came a little closer today. Beans finally began to break lower again as well. Wheat is plummeting as conditions appear very favorable for pulling cattle off to produce a wheat crop. Energy: Energy was higher in a believed correction of the hard selling the past few days. I expect energy to soften or trade sideways as the impacts of inflation continues to hamper consumers. Bonds: Bonds were lower today as the Advanced Durable Goods report showed no let up on the inflation front. Equities are believed softening as well. With multiple conglomerate food companies missing earnings and calling for lower sales, and a few with layoff's, it appears that some are taking note of the potential turn of the economy and doing something about it. Not the cattleman though! This is intended to be or is in the nature of a solicitation. An investment in futures contracts is speculative, involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of the margin deposits. You should carefully consider whether futures trading is appropriate for you in light of your investment experience, trading objectives, financial resources and other relevant circumstances. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Yahoo
06-02-2025
- Business
- Yahoo
The Hartford Unveils Refreshed Brand With Modernized Stag Logo
As part of the brand launch, company expands philanthropy programs, renames holding company and business segments HARTFORD, Conn., February 06, 2025--(BUSINESS WIRE)--The Hartford launched its new brand, featuring a bold, contemporary look for its iconic stag logo that honors the company's rich history while demonstrating its modern, visionary spirit. "As we embrace an ambitious growth-and-innovation strategy centered on our customers and their changing needs, our brand must evolve with the business," said The Hartford's Chairman and CEO Christopher Swift. "The new brand celebrates The Hartford's strength, built on centuries of trust from the businesses, workers, and people we support every day. The modern design points to our bold future, inspired by innovation and a relentless focus on our customers." The company's stag logo remains the centerpiece of the brand, symbolizing strength, confidence and resilience. The new design reflects the grandeur of "The Monarch of the Glen," a painting completed in 1851 by Sir Edwin Landseer, which has been an inspiration for The Hartford's logo since 1875. This modern representation showcases the stag looking over his herd and gazing confidently into the future. "Our modernized brand is a representation of who we are as an insurance leader and how we demonstrate to customers, through our actions, that we prioritize their needs and uphold our commitments," said The Hartford's Chief Marketing and Communications Officer Claire Burns. "This is a valuable opportunity to create lasting impressions and deepen relationships with customers, employees and the world at large." The company updated its color palette and typography to create a vibrant new identity that leaves a memorable impact. The new core colors are – black for stability, claret for the company's heritage, and fuchsia for modernity. Additionally, white and warm-gray will enhance the design of company materials, providing clarity and balance. Starting today, the company's brand will be visible to the public on TV, digital platforms and The Hartford's refreshed website. Following the initial launch, the company will roll out advertising for specific business lines and continue to update its branding across platforms and materials over the next few years. The Hartford worked with agency partners Pentagram and Solve to develop the refreshed brand identity and new campaign. Philanthropy Focus On Small Businesses, Mental Health As part of the refreshed brand, the company is increasing its annual philanthropy spending by more than 30%, to help support small businesses, revitalize main streets in historic downtown neighborhoods, and address mental health stigma in the workplace. This includes an expansion of the company's Small Business Accelerator pilot with Main Street America (MSA), which creates commercial space and repurposes blighted storefronts helping small businesses with access to affordable commercial real estate and restoring vibrancy to communities. Over the next three years, in partnership with MSA, The Hartford will develop multi-use commercial space in 15 communities across the country benefiting 1,500 small businesses. In addition, the company is expanding its partnership with Active Minds, providing mental health resources and support for the next generation of workers. This includes sponsorship of the Send Silence Packing® exhibit featuring 100 backpacks with 100 personal stories covering themes of loss, survival and resilience. With The Hartford's support, Active Minds will bring the educational event to 60-80 colleges and communities this year, reaching more than half a million youth and young adults in the U.S. Name Changes For Holding Company And Business Segments In conjunction with the brand launch, The Hartford updated its holding company name to The Hartford Insurance Group, Inc., effective today. The company's ticker symbol (NYSE: HIG) will not change and its common stock will begin trading on the New York Stock Exchange as The Hartford Insurance Group, Inc., on Feb. 18, 2025. Additionally, some of the business segments will be renamed. Commercial Lines will become Business Insurance; Personal Lines will be Personal Insurance; and Group Benefits will be Employee Benefits. There is no change to Hartford Funds' name. 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 The Hartford Insurance 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-C 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 2023 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 channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at 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 View source version on Contacts Media: Matthew Investor: Susan Spivak Sign in to access your portfolio
