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The Hartford, Aetna deal designed to enhance tech-driven differentiation

The Hartford has entered into a definitive agreement to acquire Aetnas U.S. group life and disability business for cash consideration of $1.45 billion. Here's what it means for you.

By Elana Ashanti Jefferson | Updated on October 23, 2017
The Hartford will pay Aetna cash consideration of $1.45 billion, primarily comprised of a ceding commission, to be paid by Hartford Life & Accident Insurance Company, the primary Group Benefits insurance operating subsidiary of The Hartford. Hartford Life & Accident will reinsure on an indemnity basis Aetna’s book of group life and disability insurance, which had premiums of approximately $2 billion in 2016. (Photo: iStock)

The power to fuse data and analytics from The Hartford, one of the country’s leading writers of workers’ compensation policies, and Aetna, one of the country’s leading health and disability insurance providers, largely drove a $1.45 billion deal between the two companies that was announced today.

The deal is expected to be completed within a matter of weeks.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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