Hartford to Acquire Equitable's Employee Benefits Unit, Adding $500M in Premium
HIG sits 19% above its 52-week low of $120.33.
Summary
The Hartford is buying Equitable's Employee Benefits business, which brings roughly $500 million in premium and focuses on small and midsize employers. The deal adds group life, disability, and supplemental health products, along with digital capabilities and about 300 employees. It follows the recent sale of Hartford Funds to Wellington Management, reinforcing a strategic pivot toward core insurance lines. Financial terms were not disclosed, but the company says capital plans are unchanged. The acquisition is expected to close in Q4 2026, pending regulatory approvals.
At the time of this announcement, HIG was trading at $142.90 on NYSE in the Finance sector, with a market capitalization of approximately $38.7B. The 52-week trading range was $120.33 to $146.07. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.