Published 03-26-07
Submitted by The Hartford
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(BUSINESS WIRE) The Hartford Financial Services Group, Inc. (NYSE: HIG), one of the nation's largest financial services and insurance companies, today announced it has awarded more than $7 million in community support to nonprofit organizations across the country in 2006. In Connecticut, where The Hartford's headquarters has stood since 1810, the company provided $4.6 million in support. Nationally and internationally, the company donated an additional $2.7 million to philanthropic programs.
"The Hartford has a long-standing, ongoing commitment to supporting efforts that enhance the quality of life in our communities, whether it is through direct giving, employee volunteerism or educational outreach," said The Hartford's chairman and chief executive officer, Ramani Ayer. "By aligning The Hartford's philanthropic programs with the focus of our business, we can have a very positive effect on our communities. At The Hartford, our 2006 national giving was focused particularly on financial literacy, education, the health and well-being of older Americans, and improving the lives of people with disabilities."
Examples of The Hartford's 2006 national giving program include:
In Connecticut, where about 13,000 of the company's 31,000 employees work, The Hartford is a major supporter of education, arts and cultural organizations, and community development efforts. "Connecticut has been our home for nearly 200 years and we are committed to the region's growth," said Ayer. "We believe education is a sure way to improve the quality of life for area residents and, along with our support of the arts and neighborhood organizations, our investment makes the state an even finer place to live, work and do business."
In the city of Hartford, the company contributed $290,000 in support of its three partnership schools in the city's Asylum Hill neighborhood: West Middle Elementary School, Thomas J. Quirk Middle School, and Hartford Public High School. Funding focused on sharpening students' reading and math skills, improving school climate and culture, upgrading the schools' technological capabilities, and supporting tutoring programs staffed by hundreds of Hartford employee volunteers. The Hartford estimates that in 2006 more than 250 employees donated nearly 3,000 hours volunteering in support of its partnership schools.
The company also invested $870,000 in The Hartford's two school-to-career programs: the STAG program and the Alliance for Academic Achievement. STAG is an internship program for low-income Hartford high school students who receive job and life skills training through after-school and summer employment at The Hartford. Since its 1966 founding, 1,600 students have graduated from the program and more than 250 are currently full-time Hartford employees. The Alliance program supports Hartford students through their college years, offering them scholarships and summer employment at The Hartford. Since its inception in 1999, more than 115 students have attended college through the program. Company employees serve as mentors to STAG and Alliance participants, starting them on the road to success in the business world.
To view a listing of the company's 2006 contributions above $10,000 please visit www.thehartford.com/corporategiving.
The Hartford, a Fortune 100 company, is one of the nation's largest financial services and insurance companies, with 2006 revenues of $26.5 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, Brazil and the United Kingdom. The Hartford's Internet address is www.thehartford.com.
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Some of the statements in this release should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about our future results of operations. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include, without limitation, those discussed in our Quarterly Reports on Form 10-Q, our 2006 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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The Hartford (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.
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