I hope Paulson is right–I would love to see the shares get over $30 so that I can unload them. The Hartford needs some drastic changes on the P/C side in order to get back on course.
So, Dan – do you really think Paulson is interested in anything, or anybody, other than his own personal financial gain? Do you really think Paulson – not an insurance type – knows more than the officers and executives of the company with regard for what’s best for the company as opposed to a single shareholder? There are always some form of money-grubbers in the woodworks of any large business. But too many forget that it’s the company, and its officers, who made the company rich and successful – not some shareholder.
What about the customer who has a retirement annuity of substantial size. The money poured into a retirement annuity will be sold to another company. They expected a long term commitment from the company and not have the rug pulled out from under them by a hedge fund. The customer’s rights are more important than shareholder expectations.
I thought a properly run LIFE company was a $$$ maker and P&C companies are always pushing their agents for more LIFE. Why is the life division losing $$. As others have stated here, usually the P&C company wants to help offset losses by having life division.
Why is this group so different from rest of industry?
PAUULSON IS AN ABSOLUTE MORON AND THE HARTFORD WILL REALIZE THEIR MISTAKE INSOFAR AS LISTENING TO HIM, WITHIN FIVE YEARS AFTER THEY SELL THEIR LIFE OPERATIONS. WAIT AND SEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It does seem rather self-serving for a hedge fund manager to speak about how a company can or should improve itself. I wonder if this will inspire other hedge fund managers to make similar pronouncements?
Part of the challenge with Hartford’s Life Insurance position was their prior “leadership” position in guaranteed return Variable Annuities combined with a highly risky investment strategy that they felt was needed to sustain the returns they had promised. When the balloon went up in 2007 their position was untenable – thus the collapse. Their problem is Hartford built their Life strategy off of this VA product. The conventional Life and annuity products are OK as products – but Hartord never did much with them when this was all they had. They did not build a solid distribution system for conventional Life – but had a hgihly specialized distribution system (through brokers & Estate Planners)for their Variable products. Now they have vanilla products and a poor distribution system. What makes P&C their strength is their agency/AARP distribution and postioning.
Last of the big agency companies to spin off life. Except for Aetna, they bought US Healthcare which rolled them like a mugger, got a hold of the management and instead sold off the P&C company.
I have invested my Life Savings in The Hartford 457K fund with a guaranteed intrest rate and promises to always be there. Paulson is a billionare that has pushed an honorable company to betray the working people that put their money and trust in the promises and commitments to always be there if they signed up with THE HARTFORD.
The Hartford sold out it’s integrity as soon as it got in bed with AARP, and then took a gov’t bail out. They’ve chosen to sidle up to Obama and his ilk, who are a group devoid of integrity and any sense of responsibility toward the individuals that work for and invest in the company. This once was a very respected and well run company (for which I worked many years ago) but I’m now embarrassed to admit that I was a former Hartford employee.
I hope Paulson is right–I would love to see the shares get over $30 so that I can unload them. The Hartford needs some drastic changes on the P/C side in order to get back on course.
So, Dan – do you really think Paulson is interested in anything, or anybody, other than his own personal financial gain? Do you really think Paulson – not an insurance type – knows more than the officers and executives of the company with regard for what’s best for the company as opposed to a single shareholder? There are always some form of money-grubbers in the woodworks of any large business. But too many forget that it’s the company, and its officers, who made the company rich and successful – not some shareholder.
Agreed. I wouldn’t be surprised to see Paulson unload the shares once it gets to $30 and then short the hell out of it. The guy is a Grade A Dong.
What about the customer who has a retirement annuity of substantial size. The money poured into a retirement annuity will be sold to another company. They expected a long term commitment from the company and not have the rug pulled out from under them by a hedge fund. The customer’s rights are more important than shareholder expectations.
So, if things go south afterwards, the first one to whine will be Paulson himself. Any bets?
The company I work for got into life insurance to offset the P&C losses. I’m interested to see what happens with the Hartford.
I thought a properly run LIFE company was a $$$ maker and P&C companies are always pushing their agents for more LIFE. Why is the life division losing $$. As others have stated here, usually the P&C company wants to help offset losses by having life division.
Why is this group so different from rest of industry?
PAUULSON IS AN ABSOLUTE MORON AND THE HARTFORD WILL REALIZE THEIR MISTAKE INSOFAR AS LISTENING TO HIM, WITHIN FIVE YEARS AFTER THEY SELL THEIR LIFE OPERATIONS. WAIT AND SEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Agree with that. Never make strategic decisions from the feedback of one angry investor. He is one sale away from being a disinterested 3rd party……..
It does seem rather self-serving for a hedge fund manager to speak about how a company can or should improve itself. I wonder if this will inspire other hedge fund managers to make similar pronouncements?
The Hartford’s bow to Paulson was lower than the bow that Obama gave to the Saudi Prince.
Part of the challenge with Hartford’s Life Insurance position was their prior “leadership” position in guaranteed return Variable Annuities combined with a highly risky investment strategy that they felt was needed to sustain the returns they had promised. When the balloon went up in 2007 their position was untenable – thus the collapse. Their problem is Hartford built their Life strategy off of this VA product. The conventional Life and annuity products are OK as products – but Hartord never did much with them when this was all they had. They did not build a solid distribution system for conventional Life – but had a hgihly specialized distribution system (through brokers & Estate Planners)for their Variable products. Now they have vanilla products and a poor distribution system. What makes P&C their strength is their agency/AARP distribution and postioning.
Last of the big agency companies to spin off life. Except for Aetna, they bought US Healthcare which rolled them like a mugger, got a hold of the management and instead sold off the P&C company.
I have invested my Life Savings in The Hartford 457K fund with a guaranteed intrest rate and promises to always be there. Paulson is a billionare that has pushed an honorable company to betray the working people that put their money and trust in the promises and commitments to always be there if they signed up with THE HARTFORD.
The Hartford sold out it’s integrity as soon as it got in bed with AARP, and then took a gov’t bail out. They’ve chosen to sidle up to Obama and his ilk, who are a group devoid of integrity and any sense of responsibility toward the individuals that work for and invest in the company. This once was a very respected and well run company (for which I worked many years ago) but I’m now embarrassed to admit that I was a former Hartford employee.