In contrast to Metlife, the Hartford Financial Services Group is shifting its business away from annuities.
Hartford's new CEO recently announced that the company will be focused on developing a core insurance franchise, and that the annuity business will be a somewhat peripheral concentration:
As it recovers, Hartford will de-emphasize its former annuity focus and be an "insurance franchise with a concentration in the annuity business," Ayer said.
Source: Wall Street Journal
Companies:
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