Talcott Financial Group is an international life insurance group with a proven track record as a premier risk partner. We creatively design and expertly deliver solutions that transfer risk and manage capital in a way that supports the strategic needs of insurers today and into the future.
With a heritage that goes back a century, we deliver value, security, and stability to our clients during the most tumultuous market conditions by tapping into our expansive resources, expertise, and experience, including:
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 over $60 billion in assets under management, to design bespoke risk transfer solutions for its clients.
Talcott Resolution is established through the incorporation of Hartford Life Insurance Company, a Massachusetts-based stock life insurance company.
Hartford Life Insurance Company becomes a Connecticut-domiciled insurer.
The company begins to offer a broad array of wealth management products to help provide lasting value for customers.
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.
In the early 2000's, peak sales and contract count volumes are achieved:
On September 30, the company reaches a record volume for assets under management, with $190 billion in account value across all businesses.
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.
The company successfully executes on multiple complex divestitures:
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.
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.
The company implements a scalable cloud-based technology while enhancing its risk, actuarial, hedging and portfolio management capabilities.
On June 30, Talcott Resolution completes its sale to Sixth Street, a leading global investment firm.
On September 23, Talcott Resolution closes a flow reinsurance transaction with Lincoln Financial Group.
On October 1, the administration of our COLI/BOLI business that was sold in 2012 is reacquired.
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.
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 is formed as the enterprise brand for the Talcott family of companies. Its platforms include Talcott Resolution, our Windsor-based life insurance company and solutions provider, and Talcott Re, comprised of our Bermuda and Cayman-based reinsurers.
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.
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.