Our history

Initially founded in 1902, Talcott has a long history of providing lasting value for its customers. The enterprise partners with Sixth Street, a leading global investment firm with approximately $75 billion in assets under management, to design bespoke risk transfer solutions for its clients.


Company is incorporated​

Talcott Resolution is established through the incorporation of Hartford Life Insurance Company, a Massachusetts-based stock life insurance company.

Company redomiciles to Connecticut​

Hartford Life Insurance Company becomes a Connecticut-domiciled insurer.​

1978 - 1994

Sales of life insurance and annuity products commence

The company begins to offer a broad array of wealth management products to help provide lasting value for customers.

  • 1978 – Structured Settlements
  • 1980 – Variable Annuities
  • 1984 – Fixed Annuities
  • 1993 – Corporate and Bank-Owned Life Insurance​
  • 1994 – Terminal Funding

Fortis Financial is acquired​

On April 1, Fortis Financial Group’s life, annuity, and mutual fund businesses are acquired to advance the growth of the company’s life and asset accumulation businesses. ​

2003 - 2004

Peak sales and contract counts are reached

In the early 2000's, peak sales and contract count volumes are achieved:​

  • 2003 – The company becomes the industry’s no. 1 seller of variable annuities as sales peak at $15 billion. 1
  • 2004 – The company houses its greatest number of contracts on its flexible, in-house annuity administrative platform. Insurance contracts in force total 2.2 million, including 1.8 million variable and fixed annuities contracts.
  • 1 Morningstar

Combined assets under management hit $190 billion​

On September 30, the company reaches a record volume for assets under management, with $190 billion in account value across all businesses.


Business priorities shift​

On March 21, as The Hartford changes its business priorities, the sale of new products ceases and risk reduction of the in-force wealth management businesses begins.​

Divestitures and in-force management actions mitigate risk

The company successfully executes on multiple complex divestitures:​

  • January 1, 2013 – Retirement plans business is reinsured to MassMutual.
  • January 2, 2013 – Individual life insurance business is reinsured to Prudential Financial, Inc.
  • July 1, 2014 – Japanese annuity subsidiary Hartford Life Insurance K.K. is sold to ORIX Life Insurance Corporation.

In addition, in-force annuity customers are offered product options that provide them flexibility in how they utilize their benefits while advancing the goal of decreasing the risk on the company's closed blocks of businesses.

2013 - 2017

Talcott Resolution becomes independent​

On May 31, the sale of the company to a group of investors is complete and Talcott Resolution becomes an independent insurer. As a result, Hartford Life Insurance Company is renamed Talcott Resolution Life Insurance Company.

Business platforms enhanced

The company implements a scalable cloud-based technology while enhancing its risk, actuarial, hedging and portfolio management capabilities.

2018 - 2020

Sixth Street transaction completed​

On June 30, Talcott Resolution completes its sale to Sixth Street, a leading global investment firm.

Reinsurance transaction completed

On September 23, Talcott Resolution closes a flow reinsurance transaction with Lincoln Financial Group.

Capabilities expanded

On October 1, the administration of our COLI/BOLI business that was sold in 2012 is reacquired.

Multi-jurisdictional platform established

On November 24, Talcott Life Re, a Bermuda-based reinsurer, is licensed.

On December 29, Talcott Life & Annuity Re, a Cayman-based reinsurer, is established and subsequently licensed in 2022.

Reinsurance transaction completed

On December 30, Talcott completes a reinsurance agreement with Allianz Life. $20 billion of fixed indexed annuity liabilities are placed with Talcott Resolution and Talcott Life Re.

Talcott Financial Group enterprise established

Talcott Financial Group is formed as the enterprise brand for the Talcott family of companies. Its platforms include Talcott Resolution, our Hartford-based life insurance company and solutions provider, and Talcott Re, comprised of our Bermuda and Cayman-based reinsurers.

Reinsurance transaction completed

On May 25, Talcott Re completes a reinsurance agreement with Principal Financial Group®. $25 billion of retail fixed annuity and secondary guarantee universal life liabilities are placed with the company.

Reinsurance transaction announced

On August 11, Talcott Resolution executes a flow reinsurance transaction with a leading, highly rated U.S. annuity writer on a fixed indexed annuity product.

Reinsurance transaction closed

On November 1, Talcott Resolution closes a reinsurance deal with Guardian®. $7 billion of variable annuity liabilities are placed with the company, and Talcott will assume administration of the block within two years.


​Growing our business

Talcott Financial Group is the insurance industry’s trusted partner for comprehensive risk solutions, specializing in creatively designing and expertly delivering responsive solutions that meet insurers’ strategic needs.

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