You are here:HomeNews CenterInsurance News2017Hartford to Buy Aetna’s Group Life & Disability for $1.45 Billion

Hartford to Buy Aetna’s Group Life & Disability for $1.45 Billion

The transaction will make The Hartford the second-largest provider of group life and disability insurance in America, with more than 20 million customers.
October 24, 2017

Hartford Financial Services Group Inc. said it would buy health insurer Aetna Inc’s U.S. group life and disability business for $1.45 billion cash, in a move that will expand its insurance portfolio and spur its digital technology plans. The transaction will make The Hartford the second-largest provider of group life and disability insurance in America, with more than 20 million customers.

Hartford Chairman and CEO Christopher Swift said in a statement that the transaction provides an opportunity for the company “to become the second-largest group life and disability insurer, an important business for The Hartford with a stable risk profile, attractive returns, and strong long-term growth prospects.”

The Hartford is a carrier partner of The PIA Partnership.

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