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Financial Services - Insurance - Diversified - NYSE - US
$ 117.95
1.31 %
$ 34.2 B
Market Cap
11.85
P/E
1. INTRINSIC VALUE

The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures.[ Read More ]

The intrinsic value of one HIG stock under the base case scenario is HIDDEN Compared to the current market price of 118 USD, The Hartford Financial Services Group, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HIG

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FINANCIALS
24.5 B REVENUE
9.68%
3.31 B OPERATING INCOME
9.32%
2.5 B NET INCOME
37.96%
4.22 B OPERATING CASH FLOW
5.29%
-2.43 B INVESTING CASH FLOW
-90.37%
-1.95 B FINANCING CASH FLOW
28.15%
6.71 B REVENUE
3.52%
1 B OPERATING INCOME
3.62%
767 M NET INCOME
3.93%
1.68 B OPERATING CASH FLOW
33.17%
-1.09 B INVESTING CASH FLOW
-22.64%
-520 M FINANCING CASH FLOW
-8.33%
Balance Sheet Decomposition The Hartford Financial Services Group, Inc.
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Current Assets 11.6 B
Cash & Short-Term Investments 126 M
Receivables 0
Other Current Assets 11.4 B
Non-Current Assets 76.7 B
Long-Term Investments 4.98 B
PP&E 896 M
Other Non-Current Assets 70.8 B
Current Liabilities 35.2 B
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 35.2 B
Non-Current Liabilities 19.6 B
Long-Term Debt 4.36 B
Other Non-Current Liabilities 15.2 B
EFFICIENCY
Earnings Waterfall The Hartford Financial Services Group, Inc.
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Revenue 24.5 B
Cost Of Revenue 0
Gross Profit 24.5 B
Operating Expenses 21.2 B
Operating Income 3.31 B
Other Expenses 803 M
Net Income 2.5 B
RATIOS
100.00% GROSS MARGIN
100.00%
13.48% OPERATING MARGIN
13.48%
10.21% NET MARGIN
10.21%
16.34% ROE
16.34%
3.57% ROA
3.57%
13.62% ROIC
13.62%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis The Hartford Financial Services Group, Inc.
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Net Income 2.5 B
Depreciation & Amortization 510 M
Capital Expenditures -215 M
Stock-Based Compensation 0
Change in Working Capital 920 M
Others 2.07 B
Free Cash Flow 4 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets The Hartford Financial Services Group, Inc.
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Wall Street analysts predict an average 1-year price target for HIG of $118 , with forecasts ranging from a low of $110 to a high of $130 .
HIG Lowest Price Target Wall Street Target
110 USD -6.74%
HIG Average Price Target Wall Street Target
118 USD 0.38%
HIG Highest Price Target Wall Street Target
130 USD 10.22%
4. DIVIDEND ANALYSIS
0.42% DIVIDEND YIELD
0.52 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership The Hartford Financial Services Group, Inc.
image
Sold
0-3 MONTHS
2.24 M USD 1
3-6 MONTHS
2.31 M USD 3
6-9 MONTHS
18.9 M USD 6
9-12 MONTHS
34.9 M USD 6
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 05, 2024
Sell 2.24 M USD
Soni Deepa
Executive Vice President
- 20161
110.9612 USD
3 months ago
Jul 31, 2024
Sell 429 K USD
Rodden Lori A
Executive Vice President
- 3855
111.16 USD
3 months ago
Jul 31, 2024
Sell 1.46 M USD
Paiano Robert W
EVP & Chief Risk Officer
- 13184.98
110.9429 USD
4 months ago
Jul 01, 2024
Sell 415 K USD
FISHER MICHAEL R
EVP
- 4088
101.47 USD
6 months ago
May 08, 2024
Sell 3.59 M USD
Costello Beth Ann
EVP and CFO
- 36038
99.7166 USD
6 months ago
May 08, 2024
Sell 3.59 M USD
Costello Beth Ann
EVP and CFO
- 36038
99.6998 USD
6 months ago
May 08, 2024
Sell 823 K USD
Bennett Jonathan R
EVP
- 8250
99.73 USD
6 months ago
May 09, 2024
Sell 1.85 M USD
Bennett Jonathan R
EVP
- 18335
100.785 USD
8 months ago
Mar 13, 2024
Sell 1.31 M USD
FISHER MICHAEL R
EVP
- 13240
98.934 USD
8 months ago
Mar 13, 2024
Sell 1.36 M USD
FISHER MICHAEL R
EVP
- 13764
98.8678 USD
8 months ago
Mar 04, 2024
Sell 143 K USD
Niderno Allison G
SVP & Controller
- 1515.946
94.5499 USD
8 months ago
Feb 29, 2024
Sell 784 K USD
TOOKER ADIN M
EVP
- 8206
95.6 USD
8 months ago
Mar 01, 2024
Sell 389 K USD
FISHER MICHAEL R
EVP
- 4088
95.06 USD
8 months ago
Feb 27, 2024
Sell 3.71 M USD
Costello Beth Ann
EVP and CFO
- 38915
95.4189 USD
8 months ago
Feb 20, 2024
Sell 1.37 M USD
Paiano Robert W
EVP & Chief Risk Officer
- 14528
93.965 USD
9 months ago
Feb 06, 2024
Sell 120 K USD
Niderno Allison G
SVP & Controller
- 1331.718
89.7399 USD
9 months ago
Feb 06, 2024
Sell 1.34 M USD
Robinson David C
EVP and General Counsel
- 15000
89.6358 USD
9 months ago
Feb 06, 2024
Sell 100 K USD
BUSH STEPHANIE C
EVP
- 1117
89.74 USD
9 months ago
Feb 07, 2024
Sell 900 K USD
Rodden Lori A
Executive Vice President
- 10000
89.9905 USD
9 months ago
Feb 07, 2024
Sell 1.81 M USD
Bennett Jonathan R
EVP
- 20194
89.7685 USD
9 months ago
Jan 23, 2024
Sell 418 K USD
Swift Christopher
Chairman and CEO
- 4866
86.0035 USD
9 months ago
Jan 24, 2024
Sell 8.21 M USD
Swift Christopher
Chairman and CEO
- 94807
86.6467 USD
9 months ago
Jan 19, 2024
Sell 712 K USD
Swift Christopher
Chairman and CEO
- 8366
85.0569 USD
9 months ago
Jan 19, 2024
Sell 3.25 M USD
Swift Christopher
Chairman and CEO
- 38452
84.6399 USD
9 months ago
Jan 22, 2024
Sell 82.2 K USD
Swift Christopher
Chairman and CEO
- 956
86.0031 USD
10 months ago
Jan 17, 2024
Sell 385 K USD
Swift Christopher
Chairman and CEO
- 4633
83.0622 USD
10 months ago
Jan 18, 2024
Sell 3.61 M USD
Swift Christopher
Chairman and CEO
- 43551
83.0005 USD
10 months ago
Jan 12, 2024
Sell 190 K USD
Swift Christopher
Chairman and CEO
- 2290
83.15 USD
10 months ago
Jan 05, 2024
Sell 277 K USD
Swift Christopher
Chairman and CEO
- 3337
83.0031 USD
11 months ago
Dec 18, 2023
Sell 3.78 M USD
Swift Christopher
Chairman and CEO
- 47033
80.4112 USD
11 months ago
Dec 15, 2023
Sell 4.3 M USD
Swift Christopher
Chairman and CEO
- 53596
80.2336 USD
11 months ago
Dec 01, 2023
Sell 2.7 M USD
Swift Christopher
Chairman and CEO
- 34624
78.0869 USD
11 months ago
Dec 01, 2023
Sell 2.7 M USD
Swift Christopher
Chairman and CEO
- 34624
78.0841 USD
1 year ago
Nov 06, 2023
Sell 24.6 K USD
Stepnowski Amy
EVP
- 331
74.43 USD
1 year ago
Oct 31, 2023
Sell 364 K USD
BUSH STEPHANIE C
EVP
- 5000
72.7401 USD
1 year ago
Oct 06, 2023
Sell 23.8 K USD
Stepnowski Amy
EVP
- 336
70.78 USD
1 year ago
Sep 06, 2023
Sell 24 K USD
Stepnowski Amy
EVP
- 336
71.55 USD
1 year ago
Aug 07, 2023
Sell 24.5 K USD
Stepnowski Amy
EVP
- 336
72.96 USD
1 year ago
Aug 02, 2023
Sell 253 K USD
BUSH STEPHANIE C
EVP
- 3500
72.3969 USD
1 year ago
Aug 03, 2023
Sell 1.01 M USD
Paiano Robert W
EVP & Chief Risk Officer
- 13938.632
72.4907 USD
1 year ago
Jul 06, 2023
Sell 24.1 K USD
Stepnowski Amy
EVP
- 336
71.72 USD
1 year ago
Jun 06, 2023
Sell 23.6 K USD
Stepnowski Amy
EVP
- 336
70.16 USD
1 year ago
May 02, 2023
Bought 690 USD
Bennett Jonathan R
EVP
+ 10
68.99 USD
1 year ago
Mar 28, 2023
Bought 201 USD
Bennett Jonathan R
EVP
+ 3
67.06 USD
1 year ago
Jan 04, 2023
Bought 613 USD
Bennett Jonathan R
EVP
+ 8
76.67 USD
1 year ago
May 05, 2023
Sell 1.47 K USD
Bennett Jonathan R
EVP
- 21
69.81 USD
1 year ago
May 08, 2023
Sell 23.6 K USD
Stepnowski Amy
EVP
- 336
70.25 USD
1 year ago
Apr 06, 2023
Sell 23.4 K USD
Stepnowski Amy
EVP
- 336
69.56 USD
1 year ago
Mar 06, 2023
Sell 26.1 K USD
Stepnowski Amy
EVP
- 336
77.59 USD
1 year ago
Mar 01, 2023
Sell 305 K USD
Bennett Jonathan R
EVP
- 3914
77.86 USD
1 year ago
Mar 01, 2023
Sell 514 K USD
Costello Beth Ann
EVP and CFO
- 6559
78.3378 USD
1 year ago
Mar 01, 2023
Sell 2.52 M USD
Costello Beth Ann
EVP and CFO
- 32356
77.7545 USD
1 year ago
Feb 28, 2023
Sell 2.71 M USD
Swift Christopher
Chairman and CEO
- 34624
78.3236 USD
1 year ago
Feb 23, 2023
Sell 303 K USD
TOOKER ADIN M
EVP
- 3920
77.41 USD
1 year ago
Feb 21, 2023
Sell 1.13 M USD
Paiano Robert W
EVP & Chief Risk Officer
- 14542
77.3774 USD
1 year ago
Jan 03, 2023
Sell 372 K USD
FISHER MICHAEL R
EVP
- 4916
75.69 USD
1 year ago
Dec 13, 2022
Sell 1.41 M USD
Robinson David C
EVP and General Counsel
- 18534
76 USD
1 year ago
Dec 12, 2022
Sell 931 K USD
Stepnowski Amy
EVP
- 12467
74.7 USD
1 year ago
Dec 07, 2022
Sell 1.39 M USD
Robinson David C
EVP and General Counsel
- 18534
74.93 USD
1 year ago
Nov 30, 2022
Sell 2.76 M USD
Swift Christopher
Chairman and CEO
- 36236
76.1666 USD
1 year ago
Nov 28, 2022
Sell 274 K USD
Swift Christopher
Chairman and CEO
- 3600
76.0063 USD
2 years ago
Nov 10, 2022
Sell 897 K USD
Swift Christopher
Chairman and CEO
- 12095
74.162 USD
2 years ago
Nov 08, 2022
Sell 504 K USD
Swift Christopher
Chairman and CEO
- 6796
74.091 USD
2 years ago
Nov 07, 2022
Sell 1.06 M USD
Swift Christopher
Chairman and CEO
- 14324
74.012 USD
2 years ago
Nov 01, 2022
Sell 998 K USD
Swift Christopher
Chairman and CEO
- 13485
74.039 USD
2 years ago
Nov 01, 2022
Sell 1.3 M USD
ELLIOT DOUGLAS G
President
- 17761
73.006 USD
2 years ago
Nov 01, 2022
Sell 1.64 M USD
ELLIOT DOUGLAS G
President
- 22235
73.879 USD
2 years ago
Oct 31, 2022
Sell 10.7 M USD
ELLIOT DOUGLAS G
President
- 147986
72.615 USD
2 years ago
Aug 08, 2022
Sell 166 K USD
Lewis Scott R.
SVP and Controller
- 2558
65.04 USD
2 years ago
May 04, 2022
Sell 3.46 M USD
Costello Beth Ann
EVP and CFO
- 47214
73.183 USD
2 years ago
May 04, 2022
Sell 1.44 M USD
Swift Christopher
Chairman and CEO
- 19916
72.498 USD
2 years ago
May 04, 2022
Sell 1.99 M USD
Swift Christopher
Chairman and CEO
- 27214
73.175 USD
2 years ago
Apr 22, 2022
Sell 1.08 M USD
Robinson David C
EVP and General Counsel
- 14743
73.02 USD
2 years ago
Apr 11, 2022
Sell 638 K USD
Paiano Robert W
EVP & Chief Risk Officer
- 8510
75 USD
2 years ago
Apr 11, 2022
Sell 375 K USD
Lewis Scott R.
SVP and Controller
- 5000
75 USD
2 years ago
Feb 16, 2022
Sell 361 K USD
Bennett Jonathan R
EVP
- 5109
70.73 USD
2 years ago
Jan 04, 2022
Sell 64 K USD
ELLIOT DOUGLAS G
President
- 900
71.064 USD
2 years ago
Jan 03, 2022
Sell 266 K USD
ELLIOT DOUGLAS G
President
- 3800
70.025 USD
2 years ago
Jan 04, 2022
Sell 5.85 M USD
ELLIOT DOUGLAS G
President
- 82833
70.672 USD
2 years ago
Dec 30, 2021
Sell 1.39 M USD
Paiano Robert W
EVP & Chief Risk Officer
- 19794
70 USD
2 years ago
Dec 30, 2021
Sell 483 K USD
ELLIOT DOUGLAS G
President
- 6896
70.004 USD
3 years ago
Nov 02, 2021
Sell 220 K USD
Allardice Robert B. III
Director
- 3000
73.27 USD
3 years ago
Oct 29, 2021
Sell 1.54 M USD
Bennett Jonathan R
EVP
- 20593
75 USD
3 years ago
Oct 04, 2021
Sell 387 K USD
Robinson David C
EVP and General Counsel
- 5469
70.85 USD
3 years ago
Sep 01, 2021
Sell 1.57 M USD
Bennett Jonathan R
EVP
- 22406
70 USD
3 years ago
Aug 16, 2021
Sell 609 K USD
Allardice Robert B. III
Director
- 9000
67.613 USD
3 years ago
Aug 04, 2021
Sell 355 K USD
Robinson David C
EVP and General Counsel
- 5469
65 USD
3 years ago
Jul 20, 2021
Sell 992 K USD
Bloom William A
Executive Vice President
- 16000
62 USD
3 years ago
Jun 02, 2021
Sell 1.05 M USD
Bloom William A
Executive Vice President
- 16000
65.65 USD
3 years ago
May 03, 2021
Sell 662 K USD
Costello Beth Ann
EVP and CFO
- 10000
66.25 USD
3 years ago
Apr 01, 2021
Sell 1.04 M USD
Robinson David C
EVP and General Counsel
- 15693
66.37 USD
3 years ago
Mar 31, 2021
Sell 127 K USD
Bennett Jonathan R
EVP
- 1865
68 USD
3 years ago
Mar 30, 2021
Sell 1.34 M USD
Paiano Robert W
EVP & Chief Risk Officer
- 20243
65.95 USD
3 years ago
Mar 29, 2021
Sell 9.78 M USD
Swift Christopher
Chairman and CEO
- 148448
65.9135 USD
3 years ago
Mar 29, 2021
Sell 9.78 M USD
Swift Christopher
Chairman and CEO
- 148448
65.9135 USD
3 years ago
Mar 29, 2021
Sell 2.15 M USD
Bloom William A
Executive Vice President
- 33019
65.22 USD
3 years ago
Dec 31, 2020
Sell 6.3 M USD
ELLIOT DOUGLAS G
President
- 128535
49 USD
4 years ago
Sep 23, 2020
Bought 251 K USD
Swift Christopher
Chairman and CEO
+ 6975
35.98 USD
7. News
The Hartford: A Safe Insurer To Keep Buying As Indicators Show Growth & Low Debt The Hartford Financial gets its buy rating from January reaffirmed. This established firm has a diversified business model including growth indicators in insurance, group benefits, and mutual funds. With a strong profit margin vs peers, and stable costs, its earnings should continue to be positive and sustain steady dividends. seekingalpha.com - 2 weeks ago
The Hartford Announces New Leadership Appointments In Global Specialty HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has expanded Michael Garrison's role to include the International division, along with his current responsibilities as head of the company's U.S. wholesale organization. Additionally, Rick Ciullo was named head of Global Specialty's U.S. retail businesses. The new position broadens Ciullo's current role overseeing Bond and Credit & Political Risk to also include Environmental, Financial Lines, Ocean Marine, Livestock and related retail-focused. businesswire.com - 2 weeks ago
The Hartford Financial Services Group, Inc. (HIG) Q3 2024 Earnings Call Transcript The Hartford Financial Services Group, Inc. (NYSE:HIG ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Susan Spivak Bernstein - Senior Vice President, Investor Relations Chris Swift - Chairman and CEO Beth Costello - Chief Financial Officer Morris Tooker - Head of Commercial Lines Melinda Thompson - Head of Personal Lines Mike Fish - Head of Group Benefits Conference Call Participants Brian Meredith - UBS (US) Gregory Peters - Raymond James Andrew Kligerman - TD Cowen Ryan Tunis - Autonomous Research Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Michael Zaremski - BMO Capital Markets Elyse Greenspan - Wells Fargo Joshua Shanker - Bank of America Alex Scott - Barclays Operator Good morning, and welcome to the Hartford Financial's Third Quarter 2024 Results Conference Call and Webcast. All participants are in a listen-only mode. seekingalpha.com - 3 weeks ago
Hartford Financial Q3 Earnings Beat on Personal Lines Growth HIG's third-quarter results benefit from strong Personal Lines Hartford Funds business. This was partially offset by an increased expense level. zacks.com - 3 weeks ago
The Hartford (HIG) Reports Q3 Earnings: What Key Metrics Have to Say The headline numbers for The Hartford (HIG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 weeks ago
Hartford Financial third-quarter profit rises on underwriting gains, investment income Insurance firm Hartford Financial Services posted an 18% rise in third-quarter profit on Thursday, as the company benefited from strong underwriting gains in its property & casualty (P&C) segment and higher returns on its investment portfolio. reuters.com - 3 weeks ago
The Hartford Announces Excellent Third Quarter 2024 Financial Performance HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford (NYSE: HIG) today announced financial results for the third quarter ended Sept. 30, 2024. "The Hartford delivered an excellent quarter with a trailing 12-month core earnings ROE of 17.4 percent,” said The Hartford's Chairman and CEO Christopher Swift. “Commercial Lines once again generated strong top-line growth at highly profitable margins, Personal Lines continues to make progress toward restoring target profitability in auto, Group Benefits marg. businesswire.com - 3 weeks ago
Will Strong Commercial Lines Aid Hartford Financial's Q3 Earnings? Robust Commercial Lines, Personal Lines unit, coupled with rate hikes and strong investment income, are expected to have contributed to HIG's earnings beat. zacks.com - 3 weeks ago
Unveiling The Hartford (HIG) Q3 Outlook: Wall Street Estimates for Key Metrics Get a deeper insight into the potential performance of The Hartford (HIG) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. zacks.com - 3 weeks ago
The Best Financial Stocks to Buy Financial stocks play a critical role in the economy and are a key component of any well-rounded portfolio. kiplinger.com - 1 month ago
AM Best Assigns Indicative Issue Credit Ratings to The Hartford Financial Services Group, Inc. OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned indicative Long-Term Issue Credit Ratings of “a-” (Excellent) to senior unsecured issues, “bbb+” (Good) to senior subordinated issues and “bbb” (Good) to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) [NYSE: HIG]. The outlook assigned to these Credit Ratings (ratings) is positive. Concurrently, AM Best has withdrawn the ratings on the pr. businesswire.com - 1 month ago
Our Top 10 Dividend Growth Stocks - September 2024 This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy. seekingalpha.com - 1 month ago
8. Profile Summary

The Hartford Financial Services Group, Inc. HIG

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COUNTRY US
INDUSTRY Insurance - Diversified
MARKET CAP $ 34.2 B
Dividend Yield 0.42%
Description The Hartford Financial Services Group, Inc. provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers workers' compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance; and customized insurance products and risk management services, including professional liability, bond, surety, and specialty casualty coverages through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. The company's Personal Lines segment provides automobile, homeowners, and personal umbrella coverages through direct-to-consumer channel and independent agents. Its Property & Casualty Other Operations segment offers coverage for asbestos and environmental exposures. The company's Group Benefits segment provides group life, disability, and other group coverages to members of employer groups, associations, and affinity groups through direct insurance policies; reinsurance to other insurance companies; employer paid and voluntary product coverages; disability underwriting, administration, and claims processing to self-funded employer plans; and a single-company leave management solution. This segment distributes its group insurance products and services through brokers, consultants, third-party administrators, trade associations, and private exchanges. Its Hartford Funds segment offers investment products for retail and retirement accounts; exchange-traded products through broker-dealer organizations, independent financial advisers, defined contribution plans, financial consultants, bank trust groups, and registered investment advisers; and investment management and administrative services, such as product design, implementation, and oversight. The company was founded in 1810 and is headquartered in Hartford, Connecticut.
Contact One Hartford Plaza, Hartford, CT, 06155 https://www.thehartford.com
IPO Date Dec. 15, 1995
Employees 18700
Officers Mr. Christopher Jerome Swift CPA Chairman & Chief Executive Officer Mr. Adin Morris Tooker Head of Commercial Lines Ms. Claire H. Burns Chief Marketing & Communications Officer Mr. Jonathan Ross Bennett CPA Executive Officer Ms. Deepa Soni Executive Vice President, Head of Technology, Data, Analytics & Information Security and Chief Inf. Officer Mr. Allison Gayle Niderno Senior Vice President, Controller & Principal Accounting Officer Ms. Susan Spivak Bernstein Senior Vice President of Investor Relations Mr. Robert William Paiano Executive Vice President & Chief Risk Officer Ms. Amy Marie Stepnowski Executive Vice President & Chief Investment Officer Ms. Lori A. Rodden Executive Vice President & Chief Human Resources Officer