Investopedia: Hartford's Transformation Is A Multi-Year Proposition
At a time when many insurance companies are looking to diversify and enter new markets to stimulate growth, Hartford Financial Services (NYSE:HIG)
is looking to go in the other direction. Although exiting life
insurance, retirement and annuities should both improve and stabilize
returns over the long term, but it's likely going to take many years for
the benefits to show up. While Hartford's current valuation
seems to understate the core value in the business, investors could be
looking at dead (or at least very sleepy) money for a while.