Hartford Evaluates Split of Firm, Finds ‘Significant Challenges’
February 08, 2012, 10:00 AM ESTBy Andrew Frye
Feb. 8 (Bloomberg) -- Hartford Financial Services Group Inc. evaluated splitting the firm’s life insurance and property- casualty businesses and found “significant challenges,” Chief Executive Officer Liam McGee said.
“This management team is very focused on managing the levers we control,” McGee said today in a conference call with analysts. “We will be objective and pragmatic of the types of actions to realize our goal” of increasing value for shareholders.
--Editor: Dan Kraut
To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net.
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net.
